Texas Mutual Pays $2.3M Dividend to CompGroup AGC

Austin,TX  (CompNewsNetwork) - Texas Mutual Insurance Company announced a $2,260,775 dividend to the CompGroup AGC workers' compensation purchasing group recently. The dividend was based largely on the group's favorable loss ratio. CompGroup AGC members have shared in more than $12 million in group dividends since 2002.
 
"Safety is ingrained in everything our members do," said George Cumming, CompGroup AGC president. "Our dividend track record speaks for itself. We're proud of our members for keeping their workers safe and on the job."
 
CompGroup AGC is open to qualifying general and specialty construction contractors. Members have access to an industry-specific safety plan, job site inspections, safety courses, accident investigations, updates on safety regulations, interactive online safety tools and a multimedia library of safety materials.
 
Any licensed Texas agent can submit clients for consideration in CompGroup AGC. For more information, visit texasmutual.com or compgroupagc.org.
 
Texas Mutual notes that past dividends are not a guarantee of future dividends, and 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 Texas employers. The company has paid more than $640 million in dividends since 1999.

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