The $100 million dividend will be paid on the 2012 policy year. Eligible policyholders will receive approximately 10% of their 2012 estimated annual premium.
"The dividend is a direct result of sound investment returns and improved efficiencies at State Fund," said Tom Rowe, State Fund President and CEO. "We are committed to helping make California business possible and this dividend supports a brighter future for employers."
Last year, State Fund declared a $50 million dividend. Since its inception in 1914, State Fund has paid more than $5 billion in dividends to policyholders, a record unparalleled among all California workers' compensation insurance carriers.
Established in 1914 by the state legislature, State Fund, headquartered in San Francisco with offices at 5880 Owens Drive in Pleasanton, is California's largest provider of workers' compensation insurance and a vital asset to California businesses.