Overview

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Est.

1991

Latest Fiscal Year

Not available

Organization Type

Grantseeker

AI Summary

TEXAS MUTUAL INSURANCE COMPANY is a Texas-based insurance organization established by state statute to provide a stable, competitive source of workers’ compensation insurance for Texas employers, serve as an insurer of last resort, and help prevent on-the-job injuries and illnesses. For filing year 2024, it reported an operating budget of $1.3B and total revenue of $1.5B, reflecting a large-scale statewide insurance operation.

Mission Statement

Established by Texas statute to provide a stable, competitive source of workers' compensation insurance for Texas employers, acts as an insurer of last resort, and helps to prevent on-the-job injuries and illnesses and minimize their consequences.
Revenues
$1.5B
Expenses
$1.3B
Net Income:
+$216.1M
Assets
$8.6B
Liabilities
$3.5B
Net Assets:
+$5B
Operating Budget
$1.3B
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Not in Pub 78 list
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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B
Brenda Ward
Board Member
R
Ronald Ellis Simmons
Board Member
T
Tommy Dan Phillips
Board Member
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  • 139 board & team members
  • 12 historic 990s & financials
  • 6-year operating budget trend
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Frequently Asked Questions

What is TEXAS MUTUAL INSURANCE COMPANY’s budget?
In 2024, TEXAS MUTUAL INSURANCE COMPANY reported an annual operating budget of around $1.3 billion. More detailed financial information is available to registered users.
What causes does TEXAS MUTUAL INSURANCE COMPANY support?
TEXAS MUTUAL INSURANCE COMPANY supports work in Insurance.
Where does TEXAS MUTUAL INSURANCE COMPANY operate?
TEXAS MUTUAL INSURANCE COMPANY is headquartered in Austin, TX.