Texas Mutual Insurance Company awarded the Texas Oil and Gas Association (TXOGA) workers’ compensation purchasing group with $245,320.11 of group dividends in 2004.

Texas Mutual group dividends are separate from the $50 million of general and special dividends that Texas Mutual Insurance Company awarded to qualifying policyholders in 2004.Many TXOGA members received part of the group dividend as well as a general and special dividend.

“TXOGA has done an excellent job managing the growth of their group,” said Ken Lauber, Texas Mutual vice president of field operations.“They’re constantly striving to make their workplaces safer, and we’re optimistic that TXOGA will continue to work on improving its overall loss ration and increase its premium volume.”

State prohibits insurance companies from guaranteeing future dividends. However, Lauber said that Texas Mutual Insurance Company’s philosophy is to reward its top groups when money is available.All Texas Mutual dividends are subject to approval by the Texas Department of Insurance.

TXOGA's Insurance Agency’s mission is to provide TXOGA members with the best oil & gas workers' compensation insurance coverage at a very competitive price.

The purchasing group, founded in 1994, is one of the most successful of its kind in the State.It is open to all qualifying members and remains a significant benefit of Association membership.