rates & dividends

Dividend information

Reinvest in what matters most.

In March 2024, we distributed general dividends to customers, so businesses can reinvest in what matters. This is the ninth consecutive year of paying dividends and we're proud to provide more dividends than any other carrier in Colorado.

To learn more about our general dividends, review the Frequently Asked Questions below, or contact a customer experience representative at (303) 361-4000 or (800) 873-7242.

What is a dividend?

The general dividend is a portion of a mutual insurance company’s surplus returned to its eligible customers.
Many workers' comp carriers in Colorado are publicly-traded companies that pay dividends to their stockholders. But because Pinnacol operates like a mutual insurance company, we pay dividends to customers based on our financial performance together.


Will you pay a dividend again next year?

We don't know for sure. Dividends can be impacted by customer claims costs, catastrophic events, the performance of our investment portfolio, even the economy. None of those factors can be predicted with perfect accuracy.

How is the general dividend determined?

The general dividend is determined based on premium size and loss ratio, factors that contribute to our underwriting performance and, ultimately, surplus.

When will I receive my dividend check?

General dividends will be sent to qualified customers on March 22, 2024. But you can see how much you're set to receive before then by signing up for the policyholder portal.

Is the dividend taxable?

Because the general dividend is a return of premium to the customer, we don't issue a 1099 for the dividend. If you have tax questions related to your general dividend, you should consult with your tax advisor.

Why not credit my premium instead of sending me a check?

A check gives customers more control over how to use this money; however, checks less than $25 will be applied to the customer's account.

Why didn't I receive a general dividend?

There are a few reasons why you might not have received a general dividend:
Dividend amounts are based on each customer's contribution to surplus through both premiums paid and loss ratio. So if you or your underwriting program does not have a loss ratio better than 71.3 percent, you will not qualify for a dividend. Or if you're a member of a safety group program that does not have a loss ratio better than 71.3 percent, you won't receive a general dividend, regardless of your claims history.
If you owe Pinnacol money, the dividend amount will be applied to the outstanding balance in most circumstances.
Customers with a non-compliant audit will not receive a dividend.

Am I eligible if I participate in one of the alternative-pricing programs?

Yes. Policyholders that participate in one of Pinnacol's alternative rating programs such as Large Deductible Programs and Group Large Deductible Programs are eligible to receive general dividends. The group and the individual customer must have contributed to surplus to be eligible.
Participants in the Safety Group Dividend Program or Individual Loss Control Dividend Program are eligible to receive both their program and general dividends.
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