Texas Mutual Insurance Company announced an $842,457 dividend to the Lone Star Auto Dealers Association (LSA) workers’ compensation purchasing group today. LSA has earned seven consecutive dividends totaling more than $3.1 million since 2002.
Group dividends are based largely on LSA’s overall loss ratio. Many group members have also qualified for individual policyholder dividends based on their personal loss ratios.
In addition to potential dividends, LSA members get a premium discount and access to an industry-specific safety plan.
Any licensed Texas agent can submit qualifying clients for LSA membership. For more information about LSA, visit texasmutual.com or lonestarautodealers.com.
Texas Mutual Insurance Company 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 all Texas employers. Preventing workplace accidents and minimizing their consequences is a major part of Texas Mutual’s mission.