Dividends paid since 1997 total more than $52.5 million.
ATLANTA, April 22, 2019 – Builders today announced that member company Builders Insurance (A Mutual Captive Company) will distribute its 23rd consecutive annual dividend payment to its qualifying Georgia policyholders in the second quarter of 2019. This year’s dividend of approximately $1,000,000 brings the total dividends paid to more than $52.5 million.
“We are pleased to once again share the financial returns of our Company with our loyal policyholders who operate safe work environments”, said Allen Richardson, Chairman of the Board of Directors for Builders. “This strong history of dividend payouts is a testament to our enduring commitment and appreciation of our long-term customers.”
Patrick Mitchell, Builder Insurance Group’s President & CEO, stated, “We continue to demonstrate the strength and stability of our Company over the long term. Our strategic objectives remain focused on serving our partners by investing in the future and delivering quality customer service, safety resources, and useful technology tools.”
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, 2015 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 21,000 policyholders in residential and light commercial construction, as well as a variety of non-construction fields, rely on Builders 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. Builders and all of its member companies are rated “A” (Excellent) IX by A.M. Best Company. For more information, please visit our Web site at www.bldrs.com.
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CONTACT: Lisa Kwon, Communications and Events Manager – 678.309.4166, lkwon@bldrs.com
