Overview

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Est.

1991

Latest Fiscal Year

Not available

Organization Type

Grantseeker

AI Summary

Texas Mutual Insurance Company is a nonprofit organization focused on providing a stable and competitive source of workers' compensation insurance for employers in Texas. Established by Texas statute, it serves as an insurer of last resort while working to prevent on-the-job injuries and illnesses, and minimize their consequences. With an operating budget of $1.3 billion and total revenue of $1.5 billion for the 2024 fiscal year, the organization plays a significant role in the state's insurance landscape. For more information, visit www.texasmutual.com.

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

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.