SAIF declares $50 million dividend
Oregon businesses to benefit from SAIF's dividend for the 16th consecutive year.
SAIF’s board of directors has declared a $50 million dividend. This marks the 16th consecutive dividend given to policyholders, and the 28th instance since 1990.
“Our commitment to serving our customers will always be our most important focus,” said Chip Terhune, president and CEO of SAIF. “This year we carefully considered the current economic uncertainty and the rising trends we see in medical costs. Despite those challenges, SAIF’s strong fiscal position, effective claims handling, and proactive safety programs make this year’s dividend possible.”
SAIF is proud to be one of the few insurance providers in Oregon that consistently returns dividends to its customers. It aligns with our public mission to make workers’ compensation coverage available, affordable, and accessible.
“Dividends are an important value to our customers, but it’s only part of what make SAIF unique.” added Terhune. “We have the largest network of safety professionals of any insurance company in the state. Our vision is to make Oregon the safest and healthiest place to work. We couldn’t do that without the partnership and dedication of our policyholders, agents, and association partners.”
This October, 50,757 policyholders will receive the dividend, which will be calculated based on the premium for policies that ended in 2024.
About SAIF
SAIF is Oregon's not-for-profit workers' compensation insurance company. For more than 110 years, we've been taking care of injured workers, helping people get back to work, and striving to make Oregon the safest and healthiest place to work. For more information, visit the About SAIF page on saif.com.