Workers compensation carrier Texas Mutual Insurance Company announced a $1,752,338 dividend for the Texas Oil & Gas Association (TxOGA) purchasing group. TxOGA is the state’s largest association representing the oil and gas industry.
TxOGA has earned over $5 million in group dividends from Texas Mutual since 2001. Dividends are based largely on the group’s growth and favorable loss ratio.
Texas Mutual notes that past dividends are not a guarantee of future dividends, and the Texas Department of Insurance must approve all dividends.
Source: Texas Mutual Insurance Company, .
Topics Texas
Was this article valuable?
Here are more articles you may enjoy.
Hedge Fund Money Is Reshaping a 180-Year-Old Insurance Model 
Vehicle Complexity Complicates Auto Valuation, Says JD Power 
Marsh Aims to Be ‘AI Winner’ by Focusing on Gains in Growth, Productivity, Efficiency 
NYC Mayor Eyes City-Run Insurance Program for Affordable Housing 
