Texas Mutual Dividend Extends Dividend To Lumber And Wood Group

Austin, TX (CompNewsNetwork) - Texas Mutual Insurance Company announced a $41,841 dividend to the Texas Lumber and Wood Products (TLWP) workers' compensation purchasing group today. The dividend was based largely on the group's favorable overall loss ratio.
 
TLWP is open to qualifying loggers, sawmills and most forms of wood products manufacturing. Group members get a premium discount and access to an industry-specific safety plan. In addition to group dividends, TLWP members are eligible for individual dividends based largely on their personal loss ratio.
 
Texas Mutual has paid more than $595 million in individual dividends since 1999, including a company record of nearly $150 million this year.
 
Texas Mutual Insurance Company underwrites TLWP, and Guaranty Insurance Services Inc. administers it. Any licensed Texas agent can submit clients for consideration in the group. For more information, visit the Agents section at texasmutual.com.
 
Texas Mutual notes that past dividends are not a guarantee of future dividends. The Texas Department of Insurance must approve all dividends.

About Texas Mutual Insurance Company
 
Austin-based Texas Mutual Insurance Company is the state's leading provider of workers' compensation insurance, with approximately 25 percent of the market. Since 1991, the company has provided a stable, competitively priced source of workers' comp insurance for all Texas employers. Preventing workplace accidents and minimizing their consequences is a major part of Texas Mutual's mission.

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