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EIN 74-2615873

Texas Mutual Insurance Company

IRS 501(c) type
501(c)(27)
Num. employees
1,100
City
Austin
State
Texas
Year formed
1991
Most recent tax filings
2022-12-01
NTEE code, primary
Y20: Insurance Providers, Services
Description
Texas Mutual Insurance Company provides stable and competitive workers' compensation insurance to Texas employers as an insurer of last resort while also striving to prevent on-the-job injuries and minimize their consequences. In 2021 alone, the company wrote over 79,000 workers' compensation policies covering more than 1.5 million Texas employees. Additionally, Texas Mutual processed over 44,000 claims and paid out approximately $392 million in medical and income benefits to injured workers.
Total revenues
$1,300,355,257
2022
Total expenses
$1,209,915,305
2022
Total assets
$8,234,972,587
2022
Num. employees
1,100
2022

Program areas at Texas Mutual Insurance Company

The Company wrote over 81,000 workers' compensation policies in 2022 covering over 1.5 million Texas employees. During the year, over 47,000 claims were processed and approximately $392 million in medical and income benefits were paid out to injured workers. $330 million in dividends was distributed to approximately 67,000 policyholders and an additional $21 million in dividends was distributed to 27 safety groups.

Grants made by Texas Mutual Insurance Company

GranteeGrant descriptionAmount
Texas 2036Generational Learning$300,000
The State Firemens and Fire Marshals Association of Texas (SFFMA)Workforce Development & Safety Training$300,000
Lee College FoundationCollege Safety Grants$100,000
...and 101 more grants made totalling $7,822,000

Personnel at Texas Mutual Insurance Company

NameTitleCompensation
Rich GergaskoChief Executive Officer
Richard GergaskoPresident and Chief Executive Officer$1,842,750
Brenda WardChief Operating Officer / Senior Vice President Policyholder Services / Senior Vice President Claims$815,189
Bill PotterSenior Vice President and Chief Financial Officer
Willard PotterSenior Vice President and Chief Financial Officer / Vice President Premium Audit$559,523
...and 44 more key personnel

Financials for Texas Mutual Insurance Company

RevenuesFYE 12/2022
Total grants, contributions, etc.$0
Program services$1,076,017,857
Investment income and dividends$237,181,461
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$738,545
Net gain from sale of non-inventory assets$-14,253,842
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$671,236
Total revenues$1,300,355,257

Form 990s for Texas Mutual Insurance Company

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-01990View PDF
2021-122022-11-11990View PDF
2020-122021-11-11990View PDF
2019-122021-06-24990View PDF
2018-122020-02-10990View PDF
...and 9 more Form 990s

Organizations like Texas Mutual Insurance Company

OrganizationLocationRevenue
Chesapeake Employers Insurance CompanyTowson, MD$337,070,745
WoodmenLifeOmaha, NE$1,005,480,725
SelectHealthMurray, UT$4,165,534,082
The Independent Order of ForestersCanada, $843,418,120
CareOregonPortland, OR$2,159,210,951
BakerRipleyHouston, TX$603,423,273
Montage HealthMonterey, CA$340,757,665
Martin's Point Health CarePortland, ME$525,072,936
Independent Health AssociationBuffalo, NY$1,572,271,176
Capital Health Plan (CHP)Tallahassee, FL$1,018,630,159
Data update history
January 20, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 20, 2024
Updated personnel
Identified 6 new personnel
December 30, 2023
Used new vendors
Identified 1 new vendor, including
July 27, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 13, 2023
Used new vendors
Identified 1 new vendor, including
Nonprofit Types
Mutual assistance organizationsInsurance companiesEnvironmental organizationsHeadquarter / parent organizations
Issues
No issues found
Characteristics
Operates internationallyState / local levelProvides scholarships
General information
Address
2200 Aldrich St
Austin, TX 78723
Metro area
Austin-Round Rock-Georgetown, TX
County
Travis County, TX
Website URL
texasmutual.com/ 
Phone
(800) 859-5995
IRS details
EIN
74-2615873
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1991
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
Y20: Insurance Providers, Services
NAICS code, primary
524126: Direct Property and Casualty Insurance Carriers
Parent/child status
Independent
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