ATLANTA, April 11, 2016 /PRNewswire/ -- Builders Insurance Group today announced that member company Builders Insurance (A Mutual Captive Company) will distribute its 20th consecutive annual dividend payment to its qualifying Georgia policyholders in the second quarter of 2016. This year's dividend of approximately $1,000,000 brings the total dividends paid to more than $49.5 million.
"On behalf of the Board, leadership team and employees of Builders Insurance Group, we are pleased to deliver a record 20th dividend to our policyholders who are as committed to safety as we are," said Allen Richardson, Chairman of the Board of Builders Insurance Group. "We are proud of our history of maintaining relationships with the outstanding members of the building and small business communities by rewarding them through this unique loyalty program."
"Our long-lasting partnerships with high caliber businesses and independent agencies have been the foundation of our success over the last 24 years," added Patrick Mitchell, President and Chief Executive Officer. "Through the continued development of our strategic initiatives of diversifying our product lines and markets while maintaining careful risk selection and investment policies, we are well positioned for future growth."
To be eligible to receive a dividend, a Georgia policyholder must have maintained continuous coverage with Builders Insurance (A Mutual Captive Company) since December 31, 2012 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 17,500 policyholders in residential and light commercial construction as well as variety of non-construction fields rely on Builders Insurance Group to protect their most important assets – their people and property. Founded in 1992, the company has evolved into a dynamic, financially secure and dedicated partner with a philosophy of providing outstanding products, backed by exceptional customer service and easy-to-use technology solutions. Headquartered in Atlanta, the company delivers innovative Workers' Compensation, General Liability, Property, Umbrella and Builders Risk insurance through independent agents to customers in 17 states throughout the U.S. Builders Insurance Group and all of its member companies are rated A- (Excellent) VIII by A.M. Best Company. For more information, please visit our Web site at www.bldrs.com.
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SOURCE Builders Insurance