Pinnacol Issues $50M in General Dividends to Colorado Employers
DENVER, CO, March 21, 2017 - Pinnacol Assurance, Colorado’s leading workers’ compensation insurer, is distributing $50 million in workers’ compensation dividend checks this month to its policyholders.
More than 53,000 employers throughout the state — roughly 94.2 percent of the company’s policyholders — will receive a dividend in recognition of maintaining safe workplaces. Dividend checks are calculated based on the policyholder’s premium size and performance. The average 2017 dividend check will be $941. Checks will be delivered to employers in March and April.
“This dividend is possible because of our policyholders’ commitment to the safety and well-being of their employees, Pinnacol’s financial stability and strength, and a vibrant Colorado economy,” said Phil Kalin, Pinnacol president and CEO. “We expect that this will be important support for our state’s employers as they continue to invest in their people, processes and technology, preparing them for success in the years to come.”
This is the second year in a row Pinnacol has issued a general dividend, a result of its financial health and stability. With the 2017 declaration, Pinnacol has now returned $556 million in total general dividends to Colorado employers.