BATON ROUGE, La. (April 9, 2019) — LWCC’s board of directors has declared a $51 million dividend for 2018 that will be distributed to over 20,000 policyholders in mid-April. This amount represents one-fourth of the premium LWCC earned in 2018.
“As a mutual insurance company, we are able to share profits with our policyholders when we have strong financial results,” said LWCC President and CEO Kristin W. Wall. “We are proud to continue our purpose of helping Louisiana thrive by distributing dividends to policyholders who can then put that money back into their businesses.”
Dividend payout increases by length of time with LWCC, with long-term policyholders who have been with LWCC for at least five years being fully vested in the dividend program and earning the highest return, 32 percent of their average premium over the last five years. All policyholders with an active LWCC policy at year-end are eligible to receive a dividend.
LWCC has given back to its policyholders, through the dividend program, a total return of $712 million over a period of 16 consecutive years. This amounts to more than LWCC’s total underwriting profit since inception in 1992. “These results were made possible through the continued efforts of our valued policyholders, loyal agents and dedicated employees,” stated LWCC Board Chairman Byron Craig Thomson.
LWCC, headquartered in Baton Rouge, Louisiana, is a private, nonprofit mutual insurance company that is rated “A” (Excellent) by A.M. Best. As the largest writer of workers’ compensation insurance in Louisiana, LWCC employs over 240 people and serves over 20,000 policyholders in the state. With a disciplined approach and intense focus, LWCC’s vision is to be recognized as the best workers’ compensation carrier for its people, performance, partnerships and positive impact on the economy and community. Named to the 2018 Ward’s 50 group of top-performing insurance companies, LWCC was recognized for achieving outstanding results in the areas of safety, consistency and performance over a five-year period, 2013-2017. LWCC is pleased to be named as one of the 2018 Best Places to Work in Baton Rouge by Best Companies Group. For more information on the Corporation and its services, please visit www.lwcc.com.
LWCC Media Contact: Jennifer Vaccaro, (225) 924-7788, Jennifer.Vaccaro@lwcc.com