Texas Mutual Insurance Company announced a $446,998 dividend to the National Federation of Independent Business (NFIB) purchasing group for manufacturers.
The group has earned more than $542,000 in dividends since 2007, largely by controlling its workers’ compensation losses.
NFIB is the nation’s largest small-business advocate. Its Texas chapter partners with Texas Mutual to offer a purchasing group for most segments of the light-manufacturing industry.
For NFIB member L. F. Manufacturing Inc. in Giddings, the dividend was a welcome surprise in today’s troubled economy.
“These are uncertain economic times, especially for small businesses like ours,” said Chris Johnston, president and CEO of L. F. Manufacturing Inc. “We have to be prepared for whatever might happen. We’re putting our dividend right back into our business.”
Source: Texas Mutual Insurance Company, .
Topics Mergers & Acquisitions Texas Commercial Lines Business Insurance Manufacturing
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