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Texas Mutual Insurance Co. announced a $772,782 dividend to the CompGroup AGC. The workers’ compensation safety group dividend was based largely on the group’s overall loss ratio.

CompGroup AGC members have shared in $15.5 million in Texas Mutual dividends since 2002.

CompGroup AGC provides a competitively priced source of workers’ compensation insurance for members of the Texas Chapters of the Associated General Contractors of America Inc.

In addition to potential dividends, CompGroup AGC members get a discount on their workers’ compensation premiums. They also have access to industry-specific workplace safety training materials.

Any licensed Texas agent can submit qualifying clients for consideration in the CompGroup AGC.

Texas Mutual notes that past dividends are not a guarantee of future dividends. The Texas Department of Insurance must approve all dividends.

Source: Texas Mutual Insurance Co.

Topics Texas Workers' Compensation