Mutual captive company Builders Insurance will distribute its 18th consecutive annual dividend payment to its qualifying Georgia policyholders in the second quarter of 2014. This year's dividend of approximately $500,000 brings the total of dividends paid to more than $47.5 million.
Allen Richardson, chairman of the board of Builders Insurance Group, commented: "On behalf of the board and leadership team, I am pleased to present our most loyal and safe policyholders with this year's dividend payment. Our 18th distribution demonstrates the success of our commitment to careful risk selection and the nurturing of long term policyholder relationships."
President and CEO, Patrick Mitchell, said: "Since 1992, Builders Insurance Group has evolved into a diverse company supported by a solid financial foundation. Our adherence to the principles of proactive claims management, work place safety, superior customer service and a conservative fiscal policy are the cornerstones of our success.”
‘We offer congratulations and our appreciation to our qualified Georgia policyholders who have earned this dividend by providing a safe work place resulting in an excellent claims record."
To be eligible to receive a dividend, a Georgia policyholder must have maintained continuous coverage with Builders Insurance since 31 December 2010 and must have an acceptable loss ratio. In addition, the policyholder must have maintained membership in a sponsoring association and be without any unresolved receivable balances.
More than 16,000 policyholders in residential and light commercial construction as well as variety of non-construction use Builders Insurance Group to protect their people and property.
Headquartered in Atlanta, the company delivers workers' compensation, general liability, property and umbrella insurance through independent agents to customers throughout the Southeastern, Mid-Atlantic and Midwestern United States as well as Colorado, Oklahoma, Texas and Utah.
