APRIL 3, 2020

Texas Mutual is proud to announce that our board of directors voted unanimously to distribute $330 million in policyholder dividends two months ahead of schedule. Historically, we’ve paid dividends in June but in response to the uncertain economic climate due to the coronavirus pandemic, we recognized an immediate need to support qualifying policyholders at a time they may need it most. Like many of you, we don’t know the economic impact that COVID-19 will have on our business, but we know that we are in a good position to distribute this dividend in this critical time.

More than 57,000 Texas business owners, about 80% of our policyholders, will be receiving a dividend. Over the past 22 years, Texas Mutual has paid dividends to policyholders, bringing the total delivered back to Texas businesses to over $3.1 billion since our first dividend in 1999.

Our dividend program not only allows us to share the success of the company with Texas businesses but provides an economic boost for the state during this critical time. For over 25 years we’ve been committed to providing a stable source of workers’ comp in Texas, protecting businesses, promoting safe work environments and ensuring Texas workers get home safely to their families. This commitment to build a stronger, safer Texas is more important now than it’s ever been.