TDI approves $150M dividend distribution to Texas Mutual Policyholders
The Texas Department of Insurance has approved Texas Mutual’s $150 million individual policyholder dividend plan for 2012.
Texas Mutual will begin distributing dividends in late July. Cravens Warren will be notified of dividend amounts for our clients in Mid-July, and we will pass along the information as its received.
As a mutual company, Texas Mutual does not answer to stockholders. Texas Mutual policyholders own the company. Dividends allow them to share the company's financial success with eligible policyholder owners.
By the end of 2012, Texas Mutual will have paid $1.2 billion in dividends. The majority of that total - more than $1 billion - will have been paid since 2005.
Visit texasmutual.com/news/dividendhistory.shtm for more information about dividends, or contact your Cravens Warren representative.