AUSTIN – The Texas Oil & Gas Association’s (TXOGA) Workers’ Compensation Safety Group today announced that member companies have earned a collective $1.65 million in safety group dividends from Texas Mutual Insurance Company. The dividend recognizes the group’s continued strong performance and commitment to maintaining a low loss ratio through rigorous workplace safety practices.
Texas Mutual, Texas’ leading provider of workers’ compensation insurance, is a policyholder-owned company that rewards policyholders who demonstrate a proactive dedication to safety.
“Texas oil and natural gas producers remain deeply committed to safety as a core value,” said TXOGA President Todd Staples. “This dividend from Texas Mutual is a direct reflection of the outstanding safety culture our members have built. When our industry operates safely, we protect our people, strengthen our companies, and responsibly produce the energy Texas and the nation depend on.”
“Safety is foundational to everything we do in the Texas oil and gas industry,” said TXOGA Insurance Agency President Neal Carlton. “We are proud to partner with Texas Mutual to support our members with top-tier training and resources. This dividend is a meaningful reward for the hard work our Safety Group members put into preventing incidents and protecting their team members.”
TXOGA members participating in the Workers’ Compensation Safety Group benefit from premium discounts, free safety training through TXOGA Safety Talks, and access to comprehensive resources covering driving safety, struck-by prevention, chemical handling, rig inspections, and more. Members also receive customized support from Texas Mutual’s safety services team.
These Safety Group dividends are separate from Texas Mutual’s general policyholder dividends. This summer, Texas Mutual is distributing $300 million in general dividends to qualifying policyholders. Many TXOGA members may receive both.
Since 2001, members of the group have received $50,510,472 in Safety Group dividends and $434,805,983 in general policyholder dividends. Texas Mutual has distributed over $5.1 billion in total dividends since 1999. Dividends are based on performance, are not guaranteed, and must comply with Texas Department of Insurance rules.
For more information about the TXOGA Workers’ Compensation Safety Group, visit txogainsurance.com.