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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Texas Mutual Insurance Company

Texas Mutual Insurance Company

Fiscal year ending 2024. Filed on November 12, 2025.

2200 Aldrich Street
Bldg M100
Austin, Texas 78723

Texas Mutual Insurance Company (EIN: 74-2615873) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2024 IRS Form 990 filing, Texas Mutual Insurance Company, a 501(c)(27) state-sponsored workers' compensation reinsurance organization, reported compensation for 46 out of 1,102 total employees. Among the employees shown here, the average compensation is $502,183. The highest compensated employee at Texas Mutual Insurance Company is Brenda Ward with fiscal year 2024 compensation of $1,716,743.

Revenue, expenses, and employee compensation

Revenue

$1,532,187,813

Expenses

$1,316,092,367

Employee compensation

$171,809,594
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Brenda Ward
President and Chief Executive Officer
$1,716,743
$1,548,094 No related comp$168,649
Leonard Johnson
Senior Vice President Investments
$946,619
$894,839 No related comp$51,780
Paul Schlaud
Senior Vice President Enterprise Affairs and General Counsel
$927,780
$818,606 No related comp$109,174
Willard Potter
Senior Vice President and Chief Financial Officer
$889,598
$763,584 No related comp$126,014
Michael Hernandez
Chief Data Officer
$733,336
$668,030 No related comp$65,306
Jeffrey Lentz
Senior Vice President Underwriting
$723,571
$590,893 No related comp$132,678
Kim Haugaard
Senior Vice President Policyholder Services
$715,734
$601,452 No related comp$114,282
Lawrence Martin
Senior Vice President, Human Resources
$679,118
$568,370 No related comp$110,748
Jeannette Sprague
Senior Vice President and Chief Information Officer
$678,842
$617,050 No related comp$61,792
Jo Betsy Norton
Senior Vice President Public Affairs
$641,563
$587,783 No related comp$53,780
Elise Teeter
Senior Vice President and General Auditor
$589,352
$487,942 No related comp$101,410
Nathan Scott
Vice President, Investments
$571,274
$457,618 No related comp$113,656

Benchmark Employee Compensation

Non-Employee Board Members

No board members were reported during this fiscal year.

Contractors

Occupational Health Centers of
Medical and Healthcare
$16,512,441
Techhealth Inc.
Medical and Healthcare
$13,463,253
Memorial Hermann Hospital Heal
Medical and Healthcare
$10,521,195
Align Networks Inc.
Medical and Healthcare
$9,130,497
Tmc Provider Group Pllc
Medical and Healthcare
$3,537,358

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.

Revisions to this organization profile

November 12, 2025:
2024 Texas Mutual Insurance Company 990 filed
November 14, 2024:
2023 Texas Mutual Insurance Company 990 filed
November 1, 2023:
2022 Texas Mutual Insurance Company 990 filed

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