TEXAS MUTUAL INSURANCE COMPANY: Form 990, tax year 2012
View the entire original 990 at ProPublica ↗
- Organization
- TEXAS MUTUAL INSURANCE COMPANY (EIN 74-2615873)
- Tax period
- 2012-01-01 to 2012-12-31
- Filed
- 2013-11-15
- IRS object ID
- 201343199349306309
- Schema version
- 2012v2.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-11-15T11:46:00-05:00 | Timestamp |
| Tax Period End Date | 2012-12-31 | TaxPeriodEndDate |
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2012-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 742615873 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | TEXAS MUTUAL INSURANCE COMPANY | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | TEXA | NameControl |
| Phone | 8008595995 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 6210 EAST HIGHWAY 290 | AddressLine1 |
| City | AUSTIN | City |
| State | TX | State |
| ZIP Code | 78723 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | MIKE BARRON | Name |
| Title | SVP - FINANCIAL SERVICES | Title |
| Phone | 8008595995 | Phone |
| Date Signed | 2013-02-22 | DateSigned |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2012 | TaxYear |
| Build TS | 2016-02-25 16:41:14Z | BuildTS |
Form 990 IRS990
Doing Business As DoingBusinessAs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | TEXAS MUTUAL INSURANCE COMPANY | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | MIKE BARRON | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 6210 EAST HIGHWAY 290 | AddressLine1 |
| City | AUSTIN | City |
| State | TX | State |
| ZIP Code | 78723 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 4094799407 | GrossReceipts |
| Group Return For Affiliates | false | GroupReturnForAffiliates |
| All Affiliates Included | true | AllAffiliatesIncluded |
| Organization501c | X | Organization501c |
| Web Site | WWW.TEXASMUTUAL.COM | WebSite |
| Type Of Organization Other | X | TypeOfOrganizationOther |
| Type Of Org Other Description | MUTUAL | TypeOfOrgOtherDescription |
| Year Formation | 1991 | YearFormation |
| State Legal Domicile | TX | StateLegalDomicile |
| Activity Or Mission Description | ESTABLISHED BY TEXAS STATUTE TO SERVE AS A COMPETITIVE FORCE AND ACT AS THE WORKERS' COMPENSATION INSURER OF LAST RESORT. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 9 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 9 | NbrIndependentVotingMembers |
| Total Nbr Employees | 849 | TotalNbrEmployees |
| Total Gross UBI | -2769953 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | -2769953 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Current Year | 0 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 707485350 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 844842754 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 241371654 | InvestmentIncomePriorYear |
| Investment Income Current Year | 246578376 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 137451 | OtherRevenuePriorYear |
| Other Revenue Current Year | 264722 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 948994455 | TotalRevenuePriorYear |
| Total Revenue Current Year | 1091685852 | TotalRevenueCurrentYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 75025815 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 77445183 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 734897957 | OtherExpensePriorYear |
| Other Expenses Current Year | 845566181 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 809923772 | TotalExpensesPriorYear |
| Total Expenses Current Year | 923011364 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 139070683 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 168674488 | RevenuesLessExpensesCY |
| Total Assets BOY | 4379959985 | TotalAssetsBOY |
| Total Assets EOY | 4890294385 | TotalAssetsEOY |
| Total Liabilities BOY | 2702743429 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 2955905382 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 1677216556 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 1934389003 | NetAssetsOrFundBalancesEOY |
| Mission Description | ESTABLISHED BY TEXAS STATUTE TO SERVE AS A COMPETITIVE FORCE AND ACT AS THE WORKERS' COMPENSATION INSURER OF LAST RESORT. | MissionDescription |
| Significant New Program Services | false | SignificantNewProgramServices |
| Significant Change | false | SignificantChange |
| Activity Code | 524150 | ActivityCode |
| Revenue | 845107476 | Revenue |
| Description | THE COMPANY WROTE 59940 POLICIES DURING 2012. AT THE END OF 2012 THE COMPANY HAD 54383 POLICIES IN FORCE COVERING APPROXIMATELY 1229832 TEXAS EMPLOYEES. OVER 45000 CLAIMS WERE RECEIVED AND PROCESSED DURING THE YEAR AND APPROXIMATELY 350 MILLION IN BENEFITS WERE PAID OUT TO INJURED WORKERS. | Description |
| Described In501 C3 | false | DescribedIn501C3 |
| Schedule B Required | false | ScheduleBRequired |
| Political Activities | false | PoliticalActivities |
| Donor Advised Funds | false | DonorAdvisedFunds |
| Conservation Easements | false | ConservationEasements |
| Collections Of Art | false | CollectionsOfArt |
| Credit Counseling | false | CreditCounseling |
| Term Or Permanent Endowments | false | TermOrPermanentEndowments |
| Report Land Bldg Equip | true | ReportLandBldgEquip |
| Report Invest Oth Securities | false | ReportInvestOthSecurities |
| Report Prog Rel Invest | false | ReportProgRelInvest |
| Report Other Assets | false | ReportOtherAssets |
| Report Other Liabilities | true | ReportOtherLiabilities |
| Report Fin48 Footnote | false | ReportFin48Footnote |
| Independent Audit Financial Stmt | false | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | false | ConsolidatedAuditFinancialStmt |
| School | false | School |
| Foreign Office | false | ForeignOffice |
| Foreign Activities | false | ForeignActivities |
| More Than5000 K To Organizations | false | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividuals |
| Professional Fundraising | false | ProfessionalFundraising |
| Fundraising Activities | false | FundraisingActivities |
| Gaming | false | Gaming |
| Hospital | false | Hospital |
| Grants To Organizations | false | GrantsToOrganizations |
| Grants To Individuals | false | GrantsToIndividuals |
| Schedule J Required | true | ScheduleJRequired |
| Tax Exempt Bonds | false | TaxExemptBonds |
| Excess Benefit Transaction | false | ExcessBenefitTransaction |
| Loan To Officer Or DQP | false | LoanToOfficerOrDQP |
| Grant To Related Person | false | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | false | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | false | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | false | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | false | DeductibleNonCashContributions |
| Deductible Contributions Of Art | false | DeductibleContributionsOfArt |
| Terminated | false | Terminated |
| Partial Liquidation | false | PartialLiquidation |
| Disregarded Entity | false | DisregardedEntity |
| Related Entity | false | RelatedEntity |
| Related Org Controlled Entity | false | RelatedOrgControlledEntity |
| Activities Conducted Partnership | false | ActivitiesConductedPartnership |
| Schedule O Required | true | ScheduleORequired |
| Number Forms Transmitted With1096 | 7436 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | true | ComplianceWithBackupWitholding |
| Number Of Employees | 849 | NumberOfEmployees |
| Employment Tax Returns Filed | true | EmploymentTaxReturnsFiled |
| Unrelated Business Income | false | UnrelatedBusinessIncome |
| Form990-T Filed | true | Form990-TFiled |
| Foreign Financial Account | false | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTrans |
| Taxable Party Notification | false | TaxablePartyNotification |
| Non Deductible Contributions | false | NonDeductibleContributions |
| Indoor Tanning Services | false | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 9 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 9 | NumberIndependentVotingMembers |
| Family Or Business Relationship | false | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | false | DelegationOfManagementDuties |
| Changes To Organizing Docs | false | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuse |
| Members Or Stockholders | false | MembersOrStockholders |
| Election Of Board Members | true | ElectionOfBoardMembers |
| Decisions Subject To Approval | true | DecisionsSubjectToApproval |
| Minutes Of Governing Body | true | MinutesOfGoverningBody |
| Minutes Of Committees | true | MinutesOfCommittees |
| Officer Mailing Address | false | OfficerMailingAddress |
| Local Chapters | true | LocalChapters |
| Policies Reference Chapters | true | PoliciesReferenceChapters |
| Form990 Provided To Governing Body | false | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | true | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | true | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | true | RegularMonitoringEnforcement |
| Whistleblower Policy | true | WhistleblowerPolicy |
| Document Retention Policy | true | DocumentRetentionPolicy |
| Compensation Process CEO | true | CompensationProcessCEO |
| Compensation Process Other | true | CompensationProcessOther |
| Investment In Joint Venture | false | InvestmentInJointVenture |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | MIKE BARRON SVP CFO | NamePerson |
| Telephone Number | 5122247972 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 6210 EAST HIGHWAY 290 | AddressLine1 |
| City | AUSTIN | City |
| State | TX | State |
| ZIP Code | 78723 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (38 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer | Key EmployeeKeyEmployee | Highest Compensated EmployeeHighestCompensatedEmployee | FormerFormer |
|---|---|---|---|---|---|---|---|---|---|
| ROBERT C BARNES | |||||||||
| DIRECTOR | 2 | X | 68500 | 0 | 0 | ||||
| ERIC L OLIVER | |||||||||
| DIRECTOR | 2 | X | 52000 | 0 | 0 | ||||
| LINDA FOSTER-SMITH | |||||||||
| DIRECTOR | 2 | X | 50500 | 0 | 0 | ||||
| GEORGE WESCH JR | |||||||||
| DIRECTOR | 2 | X | 50500 | 0 | 0 | ||||
| JAY L EISEN | |||||||||
| DIRECTOR | 2 | X | 50500 | 0 | 0 | ||||
| DELIA REYES | |||||||||
| DIRECTOR | 2 | X | 39500 | 0 | 0 | ||||
| BERNARD C FRANCIS | |||||||||
| DIRECTOR | 2 | X | 31500 | 0 | 0 | ||||
| JOHN D SWANSON | |||||||||
| DIRECTOR | 2 | X | 23000 | 0 | 0 | ||||
| TOMMY D PHILIPS | |||||||||
| DIRECTOR | 2 | X | 15500 | 0 | 0 | ||||
| RONALD O WRIGHT | |||||||||
| CHIEF EXECUTIVE OFFICER | 40 | 673651 | 0 | 45110 | X | ||||
| LISA M CORLESS | |||||||||
| CHIEF OPERATING OFFICER | 40 | 436604 | 0 | 82097 | X | ||||
| MARY B NICHOLS | |||||||||
| SENIOR VICE PRESIDENT | 40 | 349770 | 0 | 44186 | X | ||||
| STEVEN E MATH | |||||||||
| SENIOR VICE PRESIDENT | 40 | 303256 | 0 | 52341 | X | ||||
| CECILY A GALLAGHER | |||||||||
| CORP ACTUARY & CHIEF RISK OFFICER | 40 | 345065 | 0 | 61375 | X | ||||
| TERRY L FRAKES | |||||||||
| SENIOR VICE PRESIDENT | 40 | 318334 | 0 | 35942 | X | ||||
| LEONARD R JOHNSON | |||||||||
| SENIOR VICE PRESIDENT | 40 | 340889 | 0 | 77973 | X | ||||
| BILL A MCLELLAN | |||||||||
| SENIOR VICE PRESIDENT | 40 | 446732 | 0 | 52826 | X | ||||
| PERRY M BARRON | |||||||||
| SENIOR VICE PRESIDENT | 40 | 434299 | 0 | 56426 | X | ||||
| BRENDA J WARD | |||||||||
| SENIOR VICE PRESIDENT | 40 | 258554 | 0 | 49636 | X | ||||
| BENJAMIN J TURNER | |||||||||
| VICE PRESIDENT | 40 | 262146 | 0 | 71560 | X | ||||
| TERRENCE L BUCHHEIT | |||||||||
| VICE PRESIDENT | 40 | 253068 | 0 | 63872 | X | ||||
| KENNETH W LAUBER | |||||||||
| VICE PRESIDENT | 40 | 244323 | 0 | 45146 | X | ||||
| JEFFERY P LENTZ | |||||||||
| VICE PRESIDENT | 40 | 233625 | 0 | 56435 | X | ||||
| DAVID W JOHN | |||||||||
| VICE PRESIDENT | 40 | 231429 | 0 | 71166 | X | ||||
| JAMES R KOHLOFF | |||||||||
| VICE PRESIDENT | 40 | 224249 | 0 | 53100 | X | ||||
| MITCHELL D WALSH | |||||||||
| VICE PRESIDENT | 40 | 220416 | 0 | 64436 | X | ||||
| ERNEST W STOKEY | |||||||||
| VICE PRESIDENT | 40 | 216671 | 0 | 43145 | X | ||||
| KIM HAUGAARD | |||||||||
| VICE PRESIDENT | 40 | 215452 | 0 | 54648 | X | ||||
| LYNETTE T CALDWELL | |||||||||
| VICE PRESIDENT | 40 | 211874 | 0 | 58506 | X | ||||
| JODY A HEINS | |||||||||
| VICE PRESIDENT | 40 | 208835 | 0 | 42513 | X | ||||
| JO BETSY NORTON | |||||||||
| VICE PRESIDENT | 40 | 196537 | 0 | 51868 | X | ||||
| TIMOTHY RILEY | |||||||||
| VICE PRESIDENT | 40 | 185053 | 0 | 37841 | X | ||||
| DIANE M STARKEY | |||||||||
| SENIOR MANAGER | 40 | 166614 | 0 | 38761 | X | ||||
| MYCHAEL V RITTERHOFF | |||||||||
| SENIOR MANAGER | 40 | 161460 | 0 | 28866 | X | ||||
| MARGARET A WILSON | |||||||||
| SENIOR MANAGER | 40 | 161406 | 0 | 30427 | X | ||||
| ALAN J CULLEN | |||||||||
| SENIOR MANAGER | 40 | 160776 | 0 | 30499 | X | ||||
| EDWARD M COATES | |||||||||
| SENIOR MANAGER | 40 | 157186 | 0 | 50519 | X | ||||
| TERRY J ELIASEN | |||||||||
| SENIOR MANAGER | 40 | 233889 | 0 | 45691 | X | ||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 8233663 | TotalReportableCompFromOrg |
| Total Other Compensation | 1496911 | TotalOtherCompensation |
| Number Individuals GT100 K | 101 | NumberIndividualsGT100K |
| Formers Listed | true | FormersListed |
| Total Comp GT150 K | true | TotalCompGT150K |
| Compensation From Other Sources | false | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| COMBINED AGENTS OF AMERICA | |||||
| 6805 N CAPITAL TEXAS HWY STE 250 | AUSTIN | TX | 78731 | INDEPENDENT AGENCY | 2777699 |
| AMY WICK MARKETING COMMUNICATION | |||||
| 524 N LAMAR BLVD STE 202 | AUSTIN | TX | 78703 | ADVERTISING SERVICES | 2254401 |
| LOOMIS SAYLES CO LP | |||||
| 111 E KILBOURN AVE 2700 | MILWAUKEE | WI | 53202 | INVESTMENT MANAGEMENT SERVICES | 1866188 |
| JOHN L WORTHAM SON LP | |||||
| 2727 ALLEM PKWY STE 2200 | HOUSTON | TX | 77019 | INDEPENDENT INSURANCE BROKER AND CONSULTING SERVICES | 1663649 |
| ARNOLD PLACEK PC | |||||
| 203 E MAIN ST 201 | ROUND ROCK | TX | 78664 | LEGAL SERVICES | 1338180 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 39 | NumberOfContractorsGT100K |
Program Service Revenue ProgramServiceRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | PREMIUMS EARNED | Description |
| Business Code | 524150 | BusinessCode |
| Total Revenue Column | 844842754 | TotalRevenueColumn |
| Related Or Exempt Function Income | 844842754 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 844842754 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 153541683 | TotalRevenueColumn |
| Exclusion | $153,541,683 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 3095947848 | Securities |
| Other | 202400 | Other |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 3003085674 | Securities |
| Other | 27881 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 92862174 | Securities |
| Other | 174519 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 93036693 | TotalRevenueColumn |
| Unrelated Business Revenue | -2769953 | UnrelatedBusinessRevenue |
| Exclusion | $95,806,646 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | FINANCE & SERVICE CHARGES | Description |
| Business Code | 524150 | BusinessCode |
| Total Revenue Column | 264722 | TotalRevenueColumn |
| Related Or Exempt Function Income | 264722 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 264722 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 1091685852 | TotalRevenueColumn |
| Related Or Exempt Function Income | 845107476 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | -2769953 | UnrelatedBusinessRevenue |
| Exclusion | $249,348,329 | ExclusionAmount |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 8464482 | Total |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 53001379 | Total |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4537491 | Total |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 7159018 | Total |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4282813 | Total |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 798707 | Total |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 706513 | Total |
Fees For Services Lobbying FeesForServicesLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 90225 | Total |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 11708409 | Total |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 8617629 | Total |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2941810 | Total |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3376814 | Total |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 8722439 | Total |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4728846 | Total |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1566698 | Total |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 263753 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3768185 | Total |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal |
|---|---|
| LOSSES INCURRED | 451342934 |
| POLICYHOLDER DIVIDEND | 163532087 |
| COMMISSION | 115603837 |
| TAXES LICENSES AND FEES | 25379908 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 42417387 | Total |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 923011364 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 23848794 | BOY |
| EOY | 211363 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 118152150 | BOY |
| EOY | 148671323 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 229599143 | BOY |
| EOY | 296977373 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 44549942 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 24230011 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 22304810 | BOY |
| EOY | 20319931 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3888676647 | BOY |
| EOY | 4230398172 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 67738299 | BOY |
| EOY | 164036757 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 29640142 | BOY |
| EOY | 29679466 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4379959985 | BOY |
| EOY | 4890294385 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 72434142 | BOY |
| EOY | 91085457 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 346110040 | BOY |
| EOY | 428272676 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2284199247 | BOY |
| EOY | 2436547249 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2702743429 | BOY |
| EOY | 2955905382 | EOY |
Retained Earnings Endowment Etc RetainedEarningsEndowmentEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1677216556 | BOY |
| EOY | 1934389003 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1677216556 | BOY |
| EOY | 1934389003 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4379959985 | BOY |
| EOY | 4890294385 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 168674488 | ReconcilationRevenueExpenses |
| Reconciliation Unrealized Invest | 92534780 | ReconciliationUnrealizedInvest |
| Reconcilation Other Changes | -4036821 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | false | AccountantCompileOrReview |
| FS Audited | true | FSAudited |
| Audit Committee | true | AuditCommittee |
| Federal Grant Audit Required | false | FederalGrantAuditRequired |
Schedule D IRS990ScheduleD
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 1251018 | InvestmentCostOrOtherBasis |
| Other Cost Or Other Basis | 2827205 | OtherCostOrOtherBasis |
| Book Value | 4078223 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 27180611 | OtherCostOrOtherBasis |
| Depreciation | 11745498 | Depreciation |
| Book Value | 15435113 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 13291108 | OtherCostOrOtherBasis |
| Depreciation | 12484513 | Depreciation |
| Book Value | 806595 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 20319931 | TotalOfBookValueLandBuildings |
Other Securities OtherSecurities (7 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| CLARION LION PROPERTIES FUND | 73377516 | C |
| LOOMIS SAYLES SENIOR LOAN FUND | 63415465 | C |
| WESTERN BANK LOANS | 8632630 | C |
| WESTERN AST HIGH YIELD | 7323151 | C |
| WESTERN ASSET EMERGING MKTS. LOCAL DEBT PORT | 5025600 | C |
| WESTERN OPPORTUNISTIC INTL INV GRADE | 3761000 | C |
| WESTERN ASSET EMERGING MKTS CORP CREDIT PORT | 2501395 | C |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 164036757 | TotalOfBookValueSecurities |
Other Assets OtherAssets (3 entries)
| DescriptionDescription | Book ValueBookValue |
|---|---|
| INVESTMENT INCOME DUE AND ACCRUED | 29366720 |
| GUARANTY FUNDS RECEIVABLE OR ON DEP | 149181 |
| MISCELLANEOUS ASSETS | 163565 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | 29679466 | TotalBookValueOtherAssets |
Other Liabilities OtherLiabilities (5 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| LOSSES | $2,192,869,160 |
| LOSS ADJUSTMENT EXPENSES | $229,891,250 |
| AMTS WITHHELDRETAINED BY COMPANY | $2,966,214 |
| ADVANCED PREMIUMS | $9,156,130 |
| RETROACTIVE REINSURANCE RESERVE | $1,664,495 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 2436547249 | TotalOfAmounts |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | true | SeverancePayment |
| Supplemental Nonqual Retire Plan | true | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | false | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | false | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | false | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | false | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | false | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | false | AnyNonFixedPayments |
| Initial Contract Exception | false | InitialContractException |
| Rebuttable Presumption Procedure | false | RebuttablePresumptionProcedure |
Form990 Schedule J Part II Form990ScheduleJPartII (29 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Bonus Filing OrgBonusFilingOrg | Other Compensation Filing OrgOtherCompensationFilingOrg | Deferred Comp Filing OrgDeferredCompFilingOrg | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Total Compensation Filing OrgTotalCompensationFilingOrg | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg |
|---|---|---|---|---|---|---|
| RONALD O WRIGHT | ||||||
| 420406 | 150480 | 102764 | 26846 | 18264 | 718761 | |
| BILL A MCLELLAN | ||||||
| 250878 | 54377 | 141477 | 26846 | 25980 | 499558 | 88485 |
| LISA M CORLESS | ||||||
| 319458 | 92700 | 24445 | 55795 | 26302 | 518701 | 19999 |
| PERRY M BARRON | ||||||
| 239663 | 52481 | 142156 | 26846 | 29580 | 490725 | 116784 |
| MARY B NICHOLS | ||||||
| 244633 | 53459 | 51679 | 26846 | 17340 | 393956 | |
| CECILY A GALLAGHER | ||||||
| 251304 | 55992 | 37769 | 50599 | 10776 | 406440 | 30553 |
| LEONARD R JOHNSON | ||||||
| 255663 | 55755 | 29472 | 50433 | 27540 | 418862 | 26716 |
| TERRY L FRAKES | ||||||
| 221572 | 44868 | 51894 | 26846 | 9096 | 354276 | |
| STEVEN E MATH | ||||||
| 247953 | 54408 | 894 | 44065 | 8276 | 355597 | |
| BRENDA J WARD | ||||||
| 188131 | 41625 | 28799 | 41260 | 8376 | 308191 | 21582 |
| BENJAMIN J TURNER | ||||||
| 209169 | 37756 | 15221 | 44932 | 26628 | 333706 | 12204 |
| TERRENCE L BUCHHEIT | ||||||
| 191766 | 35003 | 26299 | 41609 | 22264 | 316940 | 24637 |
| KENNETH W LAUBER | ||||||
| 178123 | 32068 | 34131 | 22283 | 22864 | 289469 | |
| JEFFERY P LENTZ | ||||||
| 160000 | 24000 | 49625 | 26455 | 29980 | 290060 | 6464 |
| DAVID W JOHN | ||||||
| 181829 | 32821 | 16780 | 38658 | 32508 | 302595 | 19986 |
| JAMES R KOHLOFF | ||||||
| 170585 | 17097 | 36567 | 25020 | 28080 | 277349 | |
| MITCHELL D WALSH | ||||||
| 174150 | 31328 | 14939 | 36656 | 27780 | 284852 | 13213 |
| ERNEST W STOKEY | ||||||
| 160384 | 29449 | 26839 | 34169 | 8976 | 259816 | 18905 |
| KIM HAUGAARD | ||||||
| 166763 | 29999 | 18691 | 35108 | 19540 | 270100 | 18053 |
| LYNETTE T CALDWELL | ||||||
| 172498 | 30763 | 8613 | 36445 | 22061 | 270380 | 7593 |
| JODY A HEINS | ||||||
| 162473 | 29168 | 17194 | 34137 | 8376 | 251348 | 9765 |
| JO BETSY NORTON | ||||||
| 157959 | 28575 | 10003 | 32928 | 18940 | 248405 | 8566 |
| TIMOTHY P RILEY | ||||||
| 143673 | 26490 | 14889 | 30161 | 7680 | 222894 | 6968 |
| DIANE M STARKEY | ||||||
| 140983 | 20624 | 5007 | 22112 | 16649 | 205375 | 8741 |
| MYCHAEL V RITTERHOFF | ||||||
| 133266 | 19495 | 8699 | 20490 | 8376 | 190326 | 8969 |
| MARGARET A WILSON | ||||||
| 135158 | 19691 | 6557 | 20960 | 9467 | 191832 | 7931 |
| ALAN J CULLEN | ||||||
| 133648 | 19551 | 7577 | 20563 | 9936 | 191276 | 9447 |
| EDWARD M COATES | ||||||
| 132159 | 19824 | 5203 | 20938 | 29580 | 207704 | 7712 |
| TERRY J ELIASEN | ||||||
| 103530 | 17665 | 112693 | 22375 | 23316 | 279579 | 8674 |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Explanation | 01. MEMBER ELECTION FOR ADDITIONAL MEMBERS (PART VI LINE 7A) THE COMPANY WAS ESTABLISHED BY TEXAS STATUTE. THE COMPANY HAS NINE-MEMBER BOARD OF DIRECTORS CONSISTING OF TEXAS BUSINESS EMPLOYEES. FIVE MEMBERS INCLUDING THE CHAIR ARE APPOINTED BY THE GOVENOR OF TEXAS AND CONFIRMED BY THE SENATE. THE REMAINING FOUR BOARD MEMBERS ARE ELECTED BY THE POLICYHOLDERS. 02. GOVERNING BODY DECISIONS (PART VI LINE 7B) LEGISLATION PROHIBITS THE APPOINTMENT OR ELECTION OF ANY PERSON WHO HAS A POTENTIAL CONFLICT OF INTEREST BECAUSE OF OTHER INVOLVEMENT IN THE INSURANCE INDUSTRY. 03. FORM 990 GOVERNING BODY REVIEW (PART VI LINE 11) THE 990 TAX RETURN IS COMPLETED BY AN ACCOUNTANT IN THE FINANCIAL REPORTING DEPARTMENT USING WORKPAPERS AND VERIFICATION TO THE COMPANY'S ANNUAL STATEMENT AND AUDITED STATUTORY ANNUAL REPORT. THE RETURN IS REVIEWD BY MANAGEMENT PRIOR TO FILING THE RETURN. 04. CONFLICT OF INTEREST POLICY COMPLIANCE (PART IV LINE 12C) THE COMPANY'S CONFLICT OF INTEREST POLICY IS REVIEWED ANNUALLY. THE POLICY IS DISTRIBUTED TO ALL EMPLOYEES VIA A YEARLY PUBLICATIONS EMAIL. ALL EMPLOYEES ARE REQUIRED TO ACKNOWLEDGE RECEIPT BY PROVIDING AN ELECTRONIC SIGNATURE. 05. CEO EXECUTIVE DIRECTOR TOP MANAGEMENT COMPENSATION (PART VI LINE 15A) AN ANNUAL COMPENSATION REVIEW IS PERFORMED BY THE COMPANY'S HUMAN RESOURCES DEPARTMENT FOR ALL BENCHMARK POSITIONS INCLUDING EXECUTIVE POSITIONS. THE BOARD OF DIRECTORS REVIEWS AND APPROVES THE COMPENSATION PACKAGE FOR THE PRESIDENT AND THE GENERAL AUDITOR. 06. OTHER OFFICER OR KEY EMPLOYEE COMPENSATION (PART VI LINE 15B) THE PRESIDENT OR HIS DESIGNEE APPROVES THE PAY FOR ALL OTHER EMPLOYEES. 07. GOVERNING DOCUMENTS ETC. AVAILABLE TO PUBLIC (PART VI LINE 19) ALL EXTERNAL REQUESTS FOR ORGANIZATION INFORMATION CAN BE OBTAINED THROUGH WRITTEN REQUESTS. ADDITIONALLY CERTAIN FINANCIAL INFORMATION IS AVAILABLE ON THE COMPANY'S WEBSITE. 08. EXPLANATION OF OTHER CHANGE IN NET ASSETS OR FUND BAL (PART XI LINE 9) CHANGE IN NONADMITTED ASSETS (2520694) CHANGE IN PROVISION FOR REINSURANCE (3768) POST RETIREMENT MEDICAL PLAN (1512359) | Explanation |