Montana State Fund Declares $20 Million Dividend

November 14, 2014

More than 23,000 qualifying Montana State Fund (MSF) policyholders will share a $20 million dividend, the largest in MSF history. This is equivalent to an average 16 percent premium reduction to those customers receiving the dividend. The MSF board of directors made the historic announcement at their November 14, 2014 board meeting.

“For the sixteenth consecutive year, MSF has returned dividends to safety-conscious employers who have invested money, time and resources in their businesses to make safety a priority,” said Laurence Hubbard, President and CEO of Montana State Fund. “As an organization we are proud to return a portion of our customers’ premium back to them. This dividend is possible this year due to strong financial investments and our ability to efficiently manage claim costs that result in positive outcomes for injured workers.”

MSF Board Chair Elizabeth Best stated, “We commend our Montana employers for investing in the safety of their workers. We also recognize and salute the work of thousands of Montana employees who sacrifice and commit to safe​ty ​in the workplace. State Fund commits to continuing its work to spread a culture of safety across Montana.”

Since 1999, MSF has returned over $100 million to customers in general dividend payments. Policyholders from July 1, 2011 - June 30, 2012 who meet the criteria for a dividend are being notified. Funds will be distributed by early January.

Montana State Fund provides workers’ compensation coverage and safety education resources to approximately 26,000 employers in the state, making it the largest workers’ compensation insurance company in Montana.

Press Release Details

  • Contact: Mary Boyle – Communications & Public Relations Specialist
  • Phone: 495-5124