NFIB, Texas Mutual Partnership Yields Nearly $1M in Dividends

Mutual Insurance Co. announced that two National Federation of Independent Business (NFIB) group discount programs earned a combined $908,586 in workers’ compensation dividends. Both dividends were based largely on each group’s overall loss ratio.

The larger dividend — $693,148 — went to the NFIB group discount program for the construction industry. The NFIB construction group has earned $2,911,463 in dividends from Texas Mutual since 2003.

Members of the NFIB group discount program for wholesale/retail businesses shared in a $215,438 dividend, bringing their Texas Mutual dividend total to $1,321,362 during the past five years.

Any licensed Texas agent can submit qualifying clients for consideration in the NFIB construction group and NFIB wholesale/retail group, as well as a third group for the manufacturing industry. In addition to potential dividends, NFIB group members get a discount on their workers’ compensation premium and access to industry-specific workplace safety resources at texasmutual.com.

Past dividends are not a guarantee of future dividends. The Texas Department of Insurance must approve all dividends.

Source: Texas Mutual Insurance Co.