ALFA TO PAY $10 MILLION DIVIDEND TO POLICYHOLDERS
Montgomery Most Alabama policyholders of Alfa Mutual Insurance Company and Alfa Mutual General Insurance Company will be receiving checks totaling more than $10 million in the form of a policyholder dividend declared recently by the Companies' boards' of directors.
Alfa President Jerry Newby said, "We have been fortunate to continue our growth. We want our policyholders to share in our success." He said checks will be mailed in 2001 to those whose Alfa policy or policies were in force for the three-year period ending Dec. 31, 2000.
The amount of the dividend to each policyholder will vary and will be based on 3 percent of the amount of annual premium in force on their policies on Dec. 31, 2000. The dividend will apply to more than 675,000 Alfa policies and to most of the 425,000 members of Alabama Farmers Federation.