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We are pleased to announce that in May, Texas Mutual announced that its board of directors voted unanimously to approve a $340 million dividend distribution in 2023. Dividends will be distributed to qualifying policyholders in late June.
This year marks the 25th year that Texas Mutual is paying dividends to their more than 57,000 policyholders, bringing the total to over $4 billion back to Texas businesses since 1999.
You can log in to your Texas Mutual Online (TMO) account to see whether you will receive a dividend starting June 23. Your agent will be able to see dividend information for their qualifying clients starting June 5.
WHAT IS A DIVIDEND?
As a policyholder-owned company, Texas Mutual clients contribute to their success when they make safety a priority and choose to do business with Texas Mutual. There are two components to earning a dividend. Safety, paid through the annual component, and loyalty, paid through the retention component. Our newer Texas Mutual policyholders can also earn dividends through the early qualifier program, which is paid in November. Since 1999, Texas Mutual has distributed over $4 billion back to Texas businesses.
Dividends are based on performance, are not guaranteed and must comply with Texas Department of Insurance regulations.