The Emergency Service Organization (ESO) Workers’ Compensation Safety Group has earned an annual dividend totaling $90,363 in 2019. Qualifying policyholders in the ESO Safety Group will receive a check for their portion of this dividend in June.
This dividend calculation reflects three years of data. This year’s payout was earned for the 2015-2016 plan year. Unfortunately, no dividend was earned for the 2016-2017 or 2017-2018 plan years because losses for these two years exceeded dividend eligibility requirements.
The ESO Safety Group was formed in October of 1999 by VFIS of Texas / WinStar Insurance Group to reduce workers’ compensation premiums for emergency service organizations by offering competitive pricing, premium discounts based on the entire group’s premium volume, customized loss prevention programs, training and educational opportunities, and dividends for good performance. To date, $2,400,538 in dividends have been paid to our group members. Dividends are based on performance and are not guaranteed.
Texas Mutual is the largest writer of workers’ compensation in Texas, as well as the largest writer of safety group programs. Texas Mutual has many free tools to help you prevent workplace accidents and keep your employees and volunteers safe on the job. Log in to your texasmutual.com account to find e-Learning courses, safety training videos, posters and more. In addition, Texas Mutual holds free policyholder events statewide. Find upcoming events at texasmutual.com/events.
The entire group’s loss ratio is the key component in determining whether the group qualifies for a dividend. All members benefit when a collective effort is made to focus on safe workplaces and accident prevention. You can help by continuing to support the program and by training and educating your employees and volunteers about the importance of a safety-conscious work atmosphere.
For more information, contact us at (800) 252-9435 or visit our ESO Safety Group website at esowcgroup.com.
via Texas Mutual
Texas Mutual’s board of directors voted unanimously to approve a copany-record $240 million dividend distribution in 2016. Qualifying policyholder owners across Texas will share the dividend, which will be distributed beginning in July.
This is the 18th consecutive year the board has voted to distribute policyholder dividends, bringing the total to over $2 billion. Over $1 billion of that has been paid since 2012.
Texas Mutual is owned by its policyholders, not stockholders, which means the company shares its success by distributing dividends to policyholder owners who have made a commitment to preventing workplace accidents and helping injured workers get back on the job.
“Texas Mutual has a long history of rewarding our policyholder owners for their contributions to our success,” said Bob Barnes, chairman of Texas Mutual’s board. “These dividends reward safe business practices and also help our policyholders’ bottom lines. Our policyholder owners play an important role in Texas’ economy, and we know the difference these dividends can make for them.”
Texas Mutual President and CEO Rich Gergasko said the dividend distribution is about more than just financial success and that it also signifies the commitment the company and its policyholders make to keeping workplaces safe.
“Texas Mutual measures success not just in terms of dollars and cents but also in the number of lives saved and accidents prevented when employers place an emphasis on workplace safety,” Gergasko said. “We’re proud to share our success and reward the safety efforts Texas employers make with this year’s dividend distribution.”
Gergasko noted that while Texas Mutual has awarded dividends each year since 1999, they are based on performance and therefore are not guaranteed. Additionally, dividends must comply with Texas Department of Insurance regulations.
ESO WC GROUP
VFIS of Texas