Texas Mutual, TRA Partnership Pays $3.2M Dividend

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Mon Jan 12, 2009 3:42pm EST

AUSTIN, Texas--(Business Wire)--
TexasMutual Insurance Company announced a $3,162,738 dividend to the Texas
Restaurant Association (TRA) group discount program today. This marks the
largest dividend in Texas Mutual`s history. It was based largely on TRA`s
favorable loss history. 

For TRA President Gerard Cace, who owns and operates Johnny Cace`s Seafood &
Steak House in Longview, the dividend announcement was a welcome surprise in
today`s troubled economy. 

"Restaurants are the state`s leading private-sector employer. Nearly 1 million
people work in our industry, and that number is expected to grow to 1.2 million
by 2018," said Cace. "These dividends will help our members continue to pay
skilled food service professionals during difficult economic conditions." 

TRA is the state`s primary advocate for restaurateurs. It partners with Texas
Mutual to offer a group discount program for its members. Restaurateurs who join
the group get a premium discount on their workers` compensation insurance, an
industry-specific safety plan and potential dividends. 

Any licensed Texas agent can submit qualifying clients for consideration in the
TRA group discount program. For more information, visit the Agents section at
texasmutual.com. 

Texas Mutual notes that past dividends are not a guarantee of future dividends,
and the Texas Department of Insurance must approve all dividends. 

About Texas Mutual Insurance Company

Austin-based Texas Mutual Insurance Company is the state`s leading provider of
workers` compensation insurance, with approximately 25 percent of the market.
Since 1991, the company has provided a stable, competitively priced source of
workers` comp insurance for all Texas employers. Preventing workplace accidents
and minimizing their consequences is a major part of Texas Mutual`s mission. 





TexasMutual Insurance Company
Terry Frakes, 512-224-3855
Senior Vice President, Public Affairs
www.texasmutual.com



Copyright Business Wire 2009

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