Cause IQ organization profile

Texas Mutual Insurance Company

Program areas | Form 990s | Financials | Vendors | Personnel | Peers

Texas Mutual Insurance Company is a insurance company based in Austin, TX that was founded in 1991. As of 2019 they had $1.4 billion in revenue and $7.1 billion in assets.

Established by Texas statute to serve as a competitive force and act as the workers' compensation insurer of last resort. Established by Texas statute to provide a stable, competitive source of workers' compensation insurance for Texas employers, acts...

Previous legal names or variations of their name include: Texas Workers Compensation.

Fiscal year end:
Revenue trends:
Asset trends:

Program areas at Texas Mutual Insurance Company

The Company wrote over 77,000 workers' compensation policies in 2018 covering approximately 1.5 million Texas employees. During the year, over 52,000 claims were processed and approximately $446 million in medical and income benefits were paid out to injured workers.

Form 990s for Texas Mutual Insurance Company

Fiscal year endingDate received by IRSFormPDF link
2018-12Feb 10, 2020990View PDF
2017-12Dec 22, 2018990View PDF
2016-12Jan 18, 2018990View PDF
2015-12Mar 2, 2017990OView PDF
2014-12Feb 4, 2016990OView PDF
...and five more Form 990 PDFs

Financials for Texas Mutual Insurance Company

Total grants, contributions, etc.$0
Program services$1,108,223,596
Investment income and dividends$225,191,650
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$82,698,438
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$1,114,337
Total revenues$1,417,228,021

Vendors for Texas Mutual Insurance Company

VendorServicesAmount paidDate
KimbiaFundraising software2020-03-03
███████ ███ ████Fundraising software; Payment processing2020-03-03
█████Marketing software2020-03-03
██████ ███ ███████ ███████Audit accounting; Accounting (including auditing)$21,0002019-12-31
█████████ ████ █████████ ███████Insurance2019-12-31
████████ ███████████ █████████████Participant loan processing; Investment management$-74,4162019-12-31
████████ ██████ ██ ███████Independent Agency$2,121,0582018-12-01
███ ████ █████████ █████████████Professional Services$3,724,3112018-12-01
...and five more vendors

Personnel at Texas Mutual Insurance Company

NameTitleCompensationMost recent data
Richard GergaskoPresident and Chief Executive Officer$898,264Oct. 28, 2020
Brenda WardChief Operating Officer$439,807Dec. 31, 2018
████████ ████Chief Operating Officer / Senior Vice President Policyholder Services-Oct. 28, 2020
███████ ████████Senior Vice President and Chief Financial Officer / Senior Vice President Human Resources$353,853Oct. 28, 2020
████ ██████Senior Vice President and Chief Financial Officer-Oct. 28, 2020
███████ █████████Chief Data Officer$307,973Oct. 28, 2020
████ ████████████Senior Vice President and Chief Information Officer-Oct. 28, 2020
█████ ███████Senior Vice President , Investments / Senior Vice President Investments-Oct. 28, 2020
████████ ███████Vice President Marketing and Customer Engagement$212,767Dec. 31, 2018
█████ ████Vice President It Infrastructure$298,044Dec. 31, 2018
...and 32 more key personnel

Peer insurance providers

1Michigan Education Special Services Association501(c)(9)$587 millionEast Lansing, MI
2WEA Insurance Corporation501(c)(9)$623 millionMadison, WI
3Modern Woodmen of America501(c)(8)$1.6 billionRock Island, IL
4Maine Community Health Options501(c)(29)$424 millionLewiston, ME
5Delta Dental of Missouri501(c)(4)$623 millionSt Louis, MO
6Community Health Plan of Washington (CHPW)501(c)(4)$876 millionSeattle, WA
7SelectHealth501(c)(4)$3.2 billionMurray, UT
8Securities Investor Protection Corporation (SIPC)501(c)(6)$355 millionWashington, DC
9Scott & White Health Plan501(c)(4)$738 millionTemple, TX