Text us at: 385.351.8000

WCF Declares 10% Dividend to WCF Mutual Insurance Company Policyholders

March 19, 2020
 
This year, WCF Mutual Insurance Company is issuing a $20 million dividend to be distributed to Utah policyholders on Monday, March 30. WCF Mutual Insurance Company policyholders can expect to receive 10% of their 2019 Utah earned premium.

“We’re paying dividends early this year to help relieve pressure from the financial disturbance of COVID-19,” said Ray Pickup, CEO and president. “We appreciate Commissioner Todd Kiser and the Utah Insurance Department for their quick work in expediting the approval of the dividend.”

With this distribution, WCF will have paid more than $472 million in dividends to its Utah policyholders since 1992, a total of 9% of net premium. Nearly 20,000 Utah businesses will receive a portion of this year’s $20 million policyholder dividend.

“We know many policyholders are facing financial challenges as a result of the events triggered by COVID-19,” said Pickup. “We want to work with policyholders regarding adjustments to payroll and premium, and we have a variety of payment options available.”

To discuss flexible payment options, policyholders can call WCF at (385) 351-8000.
 

This company was issued a secure rating by the A.M. Best Company, click for additional details

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