Texas Restaurants Rewarded with Over $2.3 Million in Dividends

Texas Restaurants Rewarded with Over $2.3 Million in Dividends

Texas Mutual Insurance Company pays 2025 general dividend to over 250 TRA members

AUSTIN, TX (January 29, 2025) - Texas Mutual Insurance Company-the state's leading provider of workers' compensation insurance-has distributed $330 million in general dividends to its qualifying policyholders. As part of the statewide distribution, more than 250 members of the Texas Restaurant Association Safety Group have received a combined total of more than $2.3 million. Historically, safety group members have also received a safety group dividend from Texas Mutual, with $1 million most recently distributed this past winter.

"Rising prices are crippling restaurants and their customers across the state, but through innovative partnerships like our longstanding relationship with Texas Mutual, the Texas Restaurant Association is helping restaurants become more resilient," said Emily Williams Knight, Ed.D., president and CEO of the TRA. "The TRA's exclusive member benefits help local restaurants reinvest in their business while operators remain focused on what they do best-providing tremendous hospitality."

In addition to dividends, TRA members have the opportunity to join the TRA Safety Group, enabling even smaller restaurants insured by Texas Mutual to join as one unified group. This structure allows participants to access discounted workers' compensation premiums and customized industry-specific safety resources.

"These dividends represent more than a return on investment-they're a reflection of our partnership with Texas restaurants and our belief in the power of proactive safety and sound business practices," said Jeanette Ward, president and CEO of Texas Mutual. "We're proud to help local restaurant owners reinvest in their businesses, strengthen their teams and stay focused on safely delivering exceptional service to their communities."

Since 2002, upwards of $94 million has been reinvested into the Texas foodservice industry through general and safety group dividend programs. Dividends are based on performance, are not guaranteed and must comply with the Texas Department of Insurance rules.

To learn more about the Texas Restaurant Association Safety Group, visit: www.texasmutual.com/agents/texas-restaurant-association


ABOUT THE TEXAS RESTAURANT ASSOCIATION
Formed in 1937, the Texas Restaurant Association serves as the advocate and indispensable resource for the foodservice industry in Texas. As a leading business association, the TRA represents the state's $138 billion restaurant industry, which encompasses more than 57,000 locations and a workforce of over 1.4 million employees. Along with the Texas Restaurant Foundation, the workforce development arm of the TRA, the association proudly continues to protect, advance, and educate a growing industry as the TRA enters its 88th year. For more information, please visit www.txrestaurant.org.


ABOUT TEXAS MUTUAL INSURANCE COMPANY
Austin-based Texas Mutual Insurance Company, a policyholder-owned company, is the state's leading provider of workers' compensation insurance. Texas Mutual provides coverage to 40% of the market, representing over 80,000 companies, many of which are small businesses. Since 1991, the company has provided a stable, competitively priced source of workers' comp insurance for Texas employers. Helping employers prevent workplace accidents is an important part of Texas Mutual's mission.