Texas Mutual Pays $651K Dividend to CompGroup AGC


Austin, TX (WorkersCompensation.com) - Texas Mutual Insurance Company announced that the CompGroup AGC has earned a $651,166 workers' compensation dividend. The dividend is based largely on group members' collective workplace safety record.

“Construction projects offer a wide variety of safety challenges,” said David Marshall, CompGroup AGC president. “Safety has always been, and will continue to be, a priority for our members. Our dividend track record says a lot about our commitment to protecting employees from the consequences of workplace accidents.”

Qualifying CompGroup AGC members have shared in $16.5 million in Texas Mutual safety group dividends since 2002. Many members have also qualified for individual policyholder dividends based largely on their personal safety records.

“CompGroup AGC shares Texas Mutual's vision of a safer Texas,” said Rich Gergasko, Texas Mutual president and CEO. “CompGroup AGC members take advantage of the free safety tools available to them as Texas Mutual policyholders and as group members. Any time we have the opportunity to reward safety-conscious customers, we consider it money well-spent.”

Texas Mutual notes that dividends are based on performance, are not guaranteed and must comply with Texas Department of Insurance regulations.

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