Approximately 23,200 qualifying Montana State Fund (MSF) policyholders will share a $40 million dividend. The MSF board of directors made the announcement at their September 20, 2018 board meeting.

Dividends are a way for MSF to share good financial results with the employers who helped make it possible. A dividend rewards and encourages safe and cost effective behavior by employers and reduces the overall cost of workers' compensation insurance to employers. The dividend comes from policyholder equity beyond what is determined necessary and prudent to meet current and projected long-term future obligations. Dividends cannot be guaranteed. Each year, MSF's Board of Directors may examine our independent actuary's analysis of needed surplus and determine if a dividend can be declared.