Montana State Fund declares $35 million dividend for policyholders

Montana State Fund on Monday announced a $35 million dividend declaration to more than 24,000 policyholders across Montana.

The Montana State Fund building in downtown Helena.

Thom Bridge, Independent Record

Dividend payments will begin in late October and are expected to be complete by the end of November.

MSF is the state’s not-for-profit and leading workers’ compensation insurance company. It insures about 24,000 employers and their workers in nearly 400 industries from every Montana county.

Gov. Greg Gianforte in a news release called it welcome news for hardworking Montanans and job creators. And he said it was another step in the right direction the workers’ compensation system.

MSF Board Chair Richard Miltenberger said the financial position of State Fund is reviewed before declaring a dividend.

This the 25th consecutive year MSF has declared a dividend, totaling $431 million distributed to customers.

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