ATLANTA, April 14, 2015 /PRNewswire/ -- Builders Insurance Group today announced that member company Builders Insurance (A Mutual Captive Company) will distribute its 19th consecutive annual dividend payment to its qualifying Georgia policyholders in the second quarter of 2015. This year's dividend of approximately $1,000,000 brings the total of dividends paid to more than $48.5 million.
"The Board, leadership team and dedicated staff of Builders Insurance Group are pleased to offer this dividend to our loyal policyholders with the best safety records," said Allen Richardson, Chairman of the Board of Builders Insurance Group. "Our strategic initiatives of the last five years have further strengthened our financial position, enabling us to invest in our policyholders through this dividend program."
"Our Company's 19th consecutive dividend is an important milestone in our history and clearly demonstrates our commitment to our policyholder partners," added Patrick Mitchell, President and Chief Executive Officer. "Throughout the last two decades, we have worked closely with our agency plant to develop cooperative relationships with our policyholders and provide them with effective safety services and tools that have enabled us to continue our impressive track record of dividend returns."
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, 2011 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 fields rely on Builders Insurance Group to protect their most important assets – their people and property. Over a span of two decades, 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.
SOURCE Builders Insurance