#103 of 500 · Member & Benefit Funds

Texas Mutual Insurance Company

EIN 74-2615873 · TX · NTEE n/a · Form 990, fiscal 2023

A policyholder-owned mutual insurer created by the Texas Legislature in 1991 (originally the Texas Workers' Compensation Insurance Fund) to ensure the availability of affordable workers' compensation insurance in Texas. It is the state's leading provider of workers' comp coverage, insuring roughly 1.5 million workers through a network of agents and partner companies, many of them small businesses. It also serves as insurer of last resort and promotes workplace safety and injury prevention.

Financials, fiscal 2023

Revenue

$1.39B

Expenses

$1.29B

Total assets

$8.42B

Net assets

$4.88B

Operating margin

7.3%

1-year growth

6.6%

5-year growth (CAGR)

-0.1%

Reserve (years of spending)

45.5

Contributions share

n/a

Programme spending

80.5%

Fundraising cost

n/a

Executive pay share

1.70%

Employees

1,091

Revenue per employee

$1.3M

Grants paid

$14.5M

Years filing

23

NFP Health Score: 79 / 100

Financial 62 · Governance 100 · Operational 90. The score is built from Form 990 line items only. It cannot measure how well an organisation delivers its mission.

Mission

To provide a stable, competitive source of workers' compensation insurance for Texas employers, act as insurer of last resort, and help prevent on-the-job injuries and illnesses and minimize their consequences.

Revenue history