Kentucky AGC Self-Insurers’ Fund Returning $27.1 Million In Dividends

Business Wire

LOUISVILLE, Ky.--(BUSINESS WIRE)--
The Kentucky Associated General Contractors Self-Insurers’ Fund is pleased to announce the return of $27,094,490 (includes Special Fund Tax reimbursement) in dividends to qualifying members in March of 2022. This dividend payment will represent the 28^th consecutive year of dividend payments totaling over $242.9 million. As of October 31^st, 2021, 98% of current Fund members were eligible for a dividend payment. The following criteria must be met to qualify for a payment:

A member in the year for which the dividend is being paid (2017)
A loss ratio of less than 100% for the year in which the dividend is paid (2017)
A current member at the time of the dividend payment (March of 2022)
Current in all obligations to the Fund at the time of the dividend payment (March of 2022)

Additionally, the Board of Trustees has declared a $17,000,000 dividend for the 2021 year. This dividend declaration will be added to the Fund’s existing Dividend Pool. With this year’s dividend declaration, the Fund’s Dividend Pool now stands at $77.1 million available for future payout.

About the Kentucky AGC Self-Insurers’ Fund

The Kentucky AGC-SIF has grown to be one of the largest providers of workers’ compensation insurance in the state of Kentucky, and the only carrier solely dedicated to the construction industry. The Kentucky AGC-SIF has earned an A- (Excellent) rating from the A.M. Best Company and boasts 27 consecutive years of returning dividends and taxes to its membership totaling over $215 million. The Kentucky AGC-SIF is exclusively endorsed by the Associated General Contractors of KY, the Associated General Contracts of Western KY, the Builders Exchange of Kentucky, the Home Builders Association of KY, the Kentucky Association of Highway Contractors, the Kentucky Association of Master Contractors, and the Kentucky Crushed Stone Association.

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