Beacon Mutual Announces
5 Percent Policyholder Dividend
The Beacon Mutual Insurance Company announced the distribution of an average five percent dividend to be paid in March 2022 to eligible policyholders.
“As a mutual insurance company, we are owned by our policyholders and it is in the mutual best interest of Beacon and our policyholder owners to distribute these funds to be invested back into their businesses. We hope that the dividend will allow business owners to invest in improvements in their workforce, facilities, training, safety and prevention programs,” said Beacon President & CEO Brian J. Spero.
Beacon will complete dividend distribution in March 2022 as a one-time payment to all eligible policyholders. The dividend will be distributed to approximately 96% of Beacon policyholders, 11,000 Rhode Island businesses, based upon their loss history.