November 11, 2019
It Pays To Be Safe: Dividends Declared
The Montana State Fund (MSF) Board of Directors recently declared a $30 million dividend that was paid to our safest policyholders. Historically, Montana is near the top in the nation in workplace accidents and fatalities. Paying dividends to the safest policyholders helps reinforce the need to run a safe workplace.
“Without buy-in from employers and workers to improve Montana’s safety culture, we would not be able to declare dividends such as this,” said Laurence Hubbard, President and CEO of MSF. “The best accident or injury is the one that never happens, and I believe Montana’s workforce is beginning to understand and value that. We still have room for improvement, but Montana is headed in a positive direction and our team is proud to be a part of it.”
The 2019 dividend follows back-to-back $40 million dividend declarations in 2017 and 2018, and brings the total paid to policyholders since 1999 to $286 million.
Dividends are not guaranteed and are primarily the result of two variables—better than expected investment returns, and fewer than expected losses (accidents).