Texas Mutual to pay $330 million in policyholder dividends early

Workers’ compensation provider Texas Mutual Insurance Company has announced that its board of directors has voted unanimously to distribute $330 million in policyholder dividends two months early. The company has historically paid dividends in June, but decided to distribute them to qualifying policyholders early in response to the COVID-19 outbreak. About 805 of Texas Mutual’s customers – more than 57,000 business owners – will receive dividends this year, the company said. Texas Mutual began paying dividends in 1999, and this year’s payout will bring the total to more than $3.1 billion in dividends paid since then.