Salem – SAIF’s board of directors has approved a $50 million dividend for policyholders, marking the 16th consecutive year—and the 28th time since 1990—that the not-for-profit insurer has returned money to its customers.
“This year we carefully considered the current economic uncertainty and the rising costs of medical care,” said SAIF president and CEO Chip Terhune. “Despite those challenges, our strong financial position, effective claims handling, and robust safety programs make this dividend possible. Our commitment to serving our customers will always be our top priority.”
The dividend will benefit 50,757 policyholders this October, calculated based on premiums for policies that ended in 2024.
A Longstanding Commitment to Oregon Businesses
As one of the few insurance providers in Oregon that consistently returns dividends, SAIF says the practice aligns with its public mission: to make workers’ compensation available, affordable, and accessible.
“Dividends are an important value to our customers, but they’re only part of what makes SAIF unique,” Terhune added. “With the largest network of safety professionals in the state, our vision is to make Oregon the safest and healthiest place to work. That mission is possible only through the partnership of our policyholders, agents, and association partners.”
About SAIF
Founded more than 110 years ago, SAIF is Oregon’s not-for-profit workers’ compensation insurance company. It supports injured workers, helps people return to their jobs, and partners with businesses to improve workplace safety and health. Learn more at saif.com.
