As of July, 2007 Texas Mutual Insurance Company awarded the Texas Oil and Gas Association (TXOGA) Workers’ Compensation Purchasing Group with over $5.25 million in group dividends for 2007.

It should be pointed out that Texas Mutual group dividends are separate from the $125 million of general and special dividends that Texas Mutual Insurance Company awarded to qualifying policyholders in 2007. Once again, many TXOGA members received part of the group dividend as well as a general and special dividend.

“TXOGA continues to do an excellent job of 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.”

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 stated 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 the most successful of its kind in the State.It has shown a dramatic growth since its inception and is open to all qualifying members. It remains a significant benefit of Association membership.