AGC Members to Receive $8.8 Million from SAIF Dividend Declaration
At the September 18 meeting of SAIF Corporation’s Board of Directors, the board reviewed SAIF’s financial results for the second quarter of 2013 and declared a $130 million dividend to be paid during October to approximately 43,000 eligible policyholders with policy expiration dates in 2012. SAIF is able to pay this dividend because of solid investment returns and continued success in managing workplace safety and controlling losses.
SAIF has indicated that the 650+ AGC members participating in the AGC/SAIF group workers’ compensation program in 2012 will receive nearly $8.9 million of this dividend. It is clear that AGC member efforts in managing safety continue to make a significant impact.
Individual dividend payouts will range between 29% and 35% of standard premium, depending on size. Details about SAIF’s dividend declaration can be found in the news release recently posted on saif.com. Detailed dividend distribution process information is available in the Agent Guide on saif.com.