ATLANTA, March 20, 2014 /PRNewswire/ -- Builders Insurance Group today announced that member company Builders Insurance (A Mutual Captive Company) 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.
"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," said Allen Richardson, Chairman of the Board of Builders Insurance Group. "Our 18th distribution demonstrates the success of our commitment to careful risk selection and the nurturing of long term policyholder relationships."
"Since 1992, Builders Insurance Group has evolved into a diverse company supported by a solid financial foundation," added Patrick Mitchell, President and Chief Executive Officer. "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. Today, 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 (A Mutual Captive Company) since December 31, 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 fields rely on Builders Insurance Group to protect their most important assets - 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 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. 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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