ATLANTA, March 22, 2017 /PRNewswire/ -- Builders Insurance Group today announced that member company Builders Insurance (A Mutual Captive Company) will distribute its 21st consecutive annual dividend payment to its qualifying Georgia policyholders in the second quarter of 2017. This year's dividend of approximately $1,000,000 brings the total dividends paid to more than $50.5 million.
"This year commemorates our 25th anniversary of operations providing industry-leading property and casualty insurance products for the home building community and small businesses throughout the U.S.," said Allen Richardson, Chairman of the Board of Directors for Builders Insurance Group. "The Board, our leadership team and the dedicated employees of our Company are pleased to distribute this dividend to our most loyal and safest policyholders."
"Our strategic initiatives, including diversification of our portfolio of products and markets, enhanced support services such as our loss control program, and conservative fiscal management have resulted in another strong year for Builders Insurance Group," added Patrick Mitchell, President and Chief Executive Officer. "We will continue on this course and work hand-in-hand with our valued agency partners to meet the growing needs of our policyholders."
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, 2013 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 18,000 policyholders in residential and light commercial construction as well as a 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. 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 Group