Builders Insurance Group Declares 16th Consecutive Dividend
ATLANTA, March 19, 2012 /PRNewswire/ -- Builders Insurance Group today announced that member company Builders Insurance (A Mutual Captive Company) will distribute its 16th consecutive dividend payment to its qualifying Georgia policyholders in the second quarter of 2012. This year's dividend distribution of approximately $800,000 brings the total amount of dividends paid to more than $45.8 million.
"For 20 years, the Board and Staff of Builders Insurance Group have worked to develop long-term relationships with our valued policyholders, and we are pleased to once again reward these outstanding partners with another significant dividend distribution," said Allen Richardson, Chairman of the Board for Builders Insurance Group. "Our Company's success is driven by our alliances with agents and policyholders who are dedicated to growing their businesses while cultivating safe work environments."
"While we continued to confront the challenges of a recovering economy in 2011, our solid financial foundation enabled Builders Insurance Group to meet evolving market needs and move our business forward through important new initiatives such as the launch of our Umbrella product," added Patrick Mitchell, President and Chief Executive Officer. "Our dividend track record and continued expansion of products and services demonstrates the high level of commitment we have to our partners."
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, 2008 and must be without any unresolved receivable balances. In addition, the policyholder must have maintained membership in an approved association membership organization.
More than 14,500 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 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 Workers' Compensation, General Liability, Property and Umbrella insurance through independent agents to customers throughout the Mid-Atlantic, Midwestern, Southeastern and Southwestern United States. Builders Insurance Group and all of its member companies are rated A- (Excellent) VIII by A.M. Best Company. For more information, please visit www.bldrs.com.
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