The dividend follows an $8.3 million dividend paid in 2022
Kentucky Employers’ Mutual Insurance (KEMI), Kentucky’s leading workers’ compensation insurance provider, is issuing a dividend of $15.9 million to eligible policyholders. The dividend results from the proactive management of claims by KEMI and its policyholders.
“We value the relationships with our policyholders and appreciate their commitment to workplace safety,” stated Jon Stewart, KEMI president and chief executive officer. “Payment of this dividend is a direct result of working together to keep Kentucky workers safe.”
With the dividend payment from KEMI, over 13,000 policyholders will receive a 20% return of their total premiums paid in policy year 2020. To qualify, policyholders must:
- Have a current active policy with KEMI.
- Have had an active policy for all 12 months of 2020.
- Have had a loss ratio of less than or equal to 65% for the 2020 policy year.
Dividend checks will be distributed throughout the month of August.
Between 2010 and 2023, KEMI issued dividend payments to policyholders totaling $69 million.