Baton Rouge, Louisiana (April 4,2023) - LWCC’s board of directors today announced the organization will distribute $115.5 million dollars in dividends for 2022 to approximately 20,000 Louisiana businesses, which employ over 160,000 workers.
"As a purpose-driven business, we are focused on bettering Louisiana one business and one worker at a time,” said Kristin W. Wall, LWCC’s president and CEO. “This funding to Louisiana policyholders is a way LWCC is honoring our mission and living our purpose. And, we look forward to seeing how policyholders use their dividends to further elevate their companies and communities. Together, we have the opportunity to drive transformational change in Louisiana.”
Over the last 20 years, LWCC has declared $1.25 billion in dividends, returning dollars to Louisiana businesses and enabling them to invest in their companies and employees. With these funds, policyholders invest in business initiatives, make safety improvements, and fund programs or incentives for employees.
The economic impact of the dividend program is significant. Based on data from the Louisiana Workforce Commission, the 2022 dividend could fund the equivalent of 2,155 full time jobs for a year. The majority of policyholders receiving a dividend payment employ less than 50 employees.
LWCC’s mutual status provides its policyholders with benefits, resources, and services, including sharing in the financial success of the company through a dividend distribution. The dividend program is made possible by the sound counsel of LWCC’s agent partners, its employees’ dedication to excellence in execution, policyholders’ continued commitment to safety, a strategic approach to investment and risk management, and guiding principles that keep the organization focused on planning and preparing for the unexpected.
All dividend payments are scheduled to be mailed on or before April 28, 2023.
To learn more about LWCC’s dividend program, click here.
About LWCC
LWCC is a Champion of Louisiana and proud to be headquartered in the state capital, Baton Rouge. As a model single-state, private mutual workers’ comp company, we are dedicated to excellence in execution from underwriting to compassionate care of injured workers. We are proud to partner with our agents and together deliver outstanding service to our policyholders and their workers. Louisiana Loyal, a movement we launched and continue to lead to celebrate and elevate Louisiana, drives us in pursuit of our mission to help Louisiana thrive by bettering our state one business and one worker at a time. LWCC has been consistently recognized by industry leaders and named to the Ward’s 50® group of top-performing insurance companies, supporting our promise to provide safety, security, and stability to businesses in Louisiana. For more information on LWCC, its services, and its efforts to elevate Louisiana, please visit www.lwcc.com.
Media Contact
Seth Irby
LWCC Chief Marketing & Customer Experience Officer
225-231-0934 | seth.irby@lwcc.com
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