Jewelers Mutual Insurance Co. has mailed nearly 13,000 dividend checks totaling $5.8 million.

The checks were sent to qualifying policyholders in May when the company held its 95th Annual Policyholder Meeting.

"Dividends are one of the many benefits of selecting Jewelers Mutual as your insurer of choice," said Patti Geolat, interim president, chief executive officer and chair of the board of directors, in a media release. "When we say that policyholders own this company, we mean it."

The dividend is Jewelers Mutual's fifth in the last 12 years, totaling nearly $23 million, Geolat said in a media release.

During the May Policyholder Meeting, five board members were re-elected. Those members include: Cathy Calhoun of Calhoun Jewelers in Royersfeld, Pa., three-year term; Kurt Stekbeck of North American Jewelers in Chicago, three-year term; Simon Watt of Mayer and Watt in Maysville, Ky., three-year term; Hugh Glenn of Hugh Glen Corp. in New York, two-year term; and Tom Silver, a former insurance executive from Schaumburg, Ill., two-year term.

The board of directors has also broken ground on a $9.5 million building expansion and renovation project to accommodate the company's growing workforce and support its technology development. The planned expansion will accommodate nearly 300 employees and is expected to be completed in spring of 2009.