Policyholder Questions

Policyholders can contact your independent insurance agent for questions about dividends and eligibility. To find your agent’s contact information, log into BEACONNECT and view your invoice.

In order to be eligible for a dividend:

  • You must have been a policyholder as of December 31, 2023.
  • You must also be a policyholder as of February 29, 2024.
  • Your policy’s incurred loss ratio must not exceed 55 percent valued as of December 31, 2023.

A loss ratio is a policyholder’s total 2023 calendar year incurred losses divided by the 2023 calendar year earned premium. The lower your loss ratio, the better your claims experience or safer your workplace. A safety dividend is a way to share Beacon Mutual’s favorable results with policyholders that have good loss experience.

This dividend is projected to return 7 percent of premium to approximately 96 percent of Beacon Mutual’s eligible policyholders.

It is expected that all eligible policyholders will receive dividend checks in the mail by the end of the first quarter 2024.

No. Dividends will only be issued for policies that are in force for an annual term.

Dividends will be based on the 2023 calendar year earned premium of each policy as of December 31, 2023.

No. Dividends will only be paid to accounts in good standing.

Yes. A dividend will be issued for qualifying out-of-state policies issued by Argonaut. This dividend will be paid in one check that includes both the Beacon and Argonaut earned dividend.

Dividends are not part of premium; therefore, any applicable shared earnings will not be impacted. Please contact your agent with questions.

Dividends are not part of premium; therefore, loss ratio will not be impacted. Please contact your agent with questions.

The dividend will be paid in a stand-alone check. It cannot be applied to any past or future premiums due.

Agent Questions

In order to be eligible for a dividend:

  • The policyholder must have been a policyholder as of December 31, 2023.
  • The policyholder must also be a policyholder as of February 29, 2024.
  • The policyholder’s incurred loss ratio must not exceed 55 percent valued as of December 31 , 2023.

Prior to the start of dividend distribution, agency principals will receive a letter with an enclosed Dividend Statement, which lists their eligible clients who will be receiving a dividend including each policyholder’s name, policy number, policy effective date, written premium, and dividend payment amount.

The dividend checks will be mailed directly to policyholders. It is expected that all eligible policyholders will receive dividend checks in the mail by the end of first quarter 2024.

No. Dividends will only be issued for policies that are in force for an annual term.

Dividends will be based on the 2023 calendar year earned premium of each policy as of December 31, 2023.

No. Dividends will only be paid to accounts in good standing.

Yes. A dividend will be issued for qualifying out-of-state policies issued by Argonaut. This dividend will be paid in one check that includes both the Beacon and Argonaut earned dividend.

Dividends are not part of premium; therefore, shared earnings will not be impacted.

Dividends are not part of premium; therefore, loss ratio will not be impacted.

The dividend will be paid in a stand-alone check and sent directly to the policyholder. It cannot be applied to any past or future premiums due.

Dividends are not part of premium; therefore, commission will not be impacted.