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Nonprofiteer
← TEXAS MUTUAL INSURANCE COMPANY

Form 990 for tax year 2024

Filed by TEXAS MUTUAL INSURANCE COMPANY.

Totals

Total revenue
$1,532,187,813
Total expenses
$1,316,092,367
Contributions and grants received
$0
Grants paid
$17,105,929
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$0

Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • Brenda Ward

    President & CEO

    Total calculated
    $1,716,743
    From this org
    $1,548,094
    From related orgs
    $0
    Other
    $168,649
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $738,821
    Bonus
    $712,599
    Other
    $96,674
    Deferred
    $158,425
    Nontaxable benefits
    $10,224
    Filer's total
    $1,716,743

  • Leonard Johnson

    SVP Investments

    Total calculated
    $946,619
    From this org
    $894,839
    From related orgs
    $0
    Other
    $51,780
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $520,756
    Bonus
    $244,709
    Other
    $129,374
    Deferred
    $41,556
    Nontaxable benefits
    $10,224
    Filer's total
    $946,619

  • Paul Schlaud

    SVP Enterprise Affairs & General Counsel

    Total calculated
    $927,780
    From this org
    $818,606
    From related orgs
    $0
    Other
    $109,174
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $467,536
    Bonus
    $339,681
    Other
    $11,389
    Deferred
    $78,654
    Nontaxable benefits
    $30,520
    Filer's total
    $927,780

  • Willard Potter

    SVP & CFO

    Total calculated
    $889,598
    From this org
    $763,584
    From related orgs
    $0
    Other
    $126,014
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $495,674
    Bonus
    $230,188
    Other
    $37,722
    Deferred
    $94,820
    Nontaxable benefits
    $31,194
    Filer's total
    $889,598

  • Michael Hernandez

    Chief Data Officer

    Total calculated
    $733,336
    From this org
    $668,030
    From related orgs
    $0
    Other
    $65,306
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $407,521
    Bonus
    $196,629
    Other
    $63,880
    Deferred
    $41,556
    Nontaxable benefits
    $23,750
    Filer's total
    $733,336

  • Jeffrey Lentz

    SVP Underwriting

    Total calculated
    $723,571
    From this org
    $590,893
    From related orgs
    $0
    Other
    $132,678
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $350,440
    Bonus
    $173,722
    Other
    $66,731
    Deferred
    $99,273
    Nontaxable benefits
    $33,405
    Filer's total
    $723,571

  • Kim Haugaard

    SVP Policyholder Services

    Total calculated
    $715,734
    From this org
    $601,452
    From related orgs
    $0
    Other
    $114,282
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $362,819
    Bonus
    $172,480
    Other
    $66,153
    Deferred
    $101,008
    Nontaxable benefits
    $13,274
    Filer's total
    $715,734

  • Lawrence Martin

    SVP Human Resources

    Total calculated
    $679,118
    From this org
    $568,370
    From related orgs
    $0
    Other
    $110,748
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $354,212
    Bonus
    $168,776
    Other
    $45,383
    Deferred
    $99,524
    Nontaxable benefits
    $11,224
    Filer's total
    $679,119

  • Jeannette Sprague

    SVP & Chief Information Officer

    Total calculated
    $678,842
    From this org
    $617,050
    From related orgs
    $0
    Other
    $61,792
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $319,504
    Bonus
    $183,351
    Other
    $114,194
    Deferred
    $41,556
    Nontaxable benefits
    $20,236
    Filer's total
    $678,841

  • Jo Betsy Norton

    SVP Public Affairs

    Total calculated
    $641,563
    From this org
    $587,783
    From related orgs
    $0
    Other
    $53,780
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $348,111
    Bonus
    $163,438
    Other
    $76,234
    Deferred
    $41,556
    Nontaxable benefits
    $12,224
    Filer's total
    $641,563

  • Elise Teeter

    SVP & General Auditor

    Total calculated
    $589,352
    From this org
    $487,942
    From related orgs
    $0
    Other
    $101,410
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $299,005
    Bonus
    $142,266
    Other
    $46,671
    Deferred
    $82,630
    Nontaxable benefits
    $18,780
    Filer's total
    $589,352

  • Nathan Scott

    VP Investments

    Total calculated
    $571,274
    From this org
    $457,618
    From related orgs
    $0
    Other
    $113,656
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $312,806
    Bonus
    $112,435
    Other
    $32,377
    Deferred
    $81,086
    Nontaxable benefits
    $32,570
    Filer's total
    $571,274

  • Phoebe Murphy

    Chief Actuary & VP of Enterprise Analytics

    Total calculated
    $555,562
    From this org
    $454,180
    From related orgs
    $0
    Other
    $101,382
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $288,899
    Bonus
    $105,268
    Other
    $60,014
    Deferred
    $78,930
    Nontaxable benefits
    $22,452
    Filer's total
    $555,563

  • Edward Coates

    VP HR Employee Services

    Total calculated
    $534,816
    From this org
    $418,446
    From related orgs
    $0
    Other
    $116,370
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $277,743
    Bonus
    $99,079
    Other
    $41,624
    Deferred
    $83,800
    Nontaxable benefits
    $32,570
    Filer's total
    $534,816

  • Shannon Pounds

    VP & Associate General Counsel

    Total calculated
    $533,787
    From this org
    $443,987
    From related orgs
    $0
    Other
    $89,800
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $295,636
    Bonus
    $105,105
    Other
    $43,246
    Deferred
    $71,020
    Nontaxable benefits
    $18,780
    Filer's total
    $533,787

  • Erica Sanchez

    VP & Controller

    Total calculated
    $527,477
    From this org
    $422,072
    From related orgs
    $0
    Other
    $105,405
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $275,664
    Bonus
    $96,714
    Other
    $49,694
    Deferred
    $83,925
    Nontaxable benefits
    $21,480
    Filer's total
    $527,477

  • Peppia Sherrouse

    VP Claim Operations

    Total calculated
    $527,217
    From this org
    $431,117
    From related orgs
    $0
    Other
    $96,100
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $290,212
    Bonus
    $99,592
    Other
    $41,314
    Deferred
    $76,720
    Nontaxable benefits
    $19,380
    Filer's total
    $527,218

  • Beverly Harris

    VP Corporate Strategy & Product

    Total calculated
    $526,754
    From this org
    $429,062
    From related orgs
    $0
    Other
    $97,692
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $283,885
    Bonus
    $104,898
    Other
    $40,279
    Deferred
    $76,992
    Nontaxable benefits
    $20,700
    Filer's total
    $526,754

  • Anthony Seraphim

    VP Digital Transformation

    Total calculated
    $518,993
    From this org
    $423,453
    From related orgs
    $0
    Other
    $95,540
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $299,901
    Bonus
    $102,832
    Other
    $20,720
    Deferred
    $70,139
    Nontaxable benefits
    $25,401
    Filer's total
    $518,993

  • Amy Green-Hinojosa

    VP Project Management Office

    Total calculated
    $513,877
    From this org
    $403,457
    From related orgs
    $0
    Other
    $110,420
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $256,289
    Bonus
    $92,881
    Other
    $54,287
    Deferred
    $80,900
    Nontaxable benefits
    $29,520
    Filer's total
    $513,877

  • Lisa Evans

    VP Distribution & Customer Engagement

    Total calculated
    $513,315
    From this org
    $440,227
    From related orgs
    $0
    Other
    $73,088
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $301,255
    Bonus
    $107,228
    Other
    $31,744
    Deferred
    $71,888
    Nontaxable benefits
    $1,200
    Filer's total
    $513,315

  • Richard Dabney

    VP Corporate Underwriting

    Total calculated
    $513,129
    From this org
    $422,478
    From related orgs
    $0
    Other
    $90,651
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $284,195
    Bonus
    $101,021
    Other
    $37,261
    Deferred
    $58,081
    Nontaxable benefits
    $32,570
    Filer's total
    $513,128

  • David John

    VP IT Infrastructure

    Total calculated
    $511,081
    From this org
    $398,777
    From related orgs
    $0
    Other
    $112,304
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $283,246
    Bonus
    $106,107
    Other
    $9,424
    Deferred
    $88,178
    Nontaxable benefits
    $24,126
    Filer's total
    $511,081

  • Roger Humecky

    VP Data Analytics & Business Intelligence

    Total calculated
    $507,567
    From this org
    $415,048
    From related orgs
    $0
    Other
    $92,519
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $282,801
    Bonus
    $99,363
    Other
    $32,884
    Deferred
    $70,689
    Nontaxable benefits
    $21,830
    Filer's total
    $507,567

  • Jeremiah Bentley

    VP Marketing & Community Affairs

    Total calculated
    $496,749
    From this org
    $383,586
    From related orgs
    $0
    Other
    $113,163
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $249,253
    Bonus
    $88,903
    Other
    $45,430
    Deferred
    $80,593
    Nontaxable benefits
    $32,570
    Filer's total
    $496,749

  • Greta Gonzales

    VP & Chief Risk Officer

    Total calculated
    $495,872
    From this org
    $405,464
    From related orgs
    $0
    Other
    $90,408
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $274,250
    Bonus
    $96,296
    Other
    $34,919
    Deferred
    $69,300
    Nontaxable benefits
    $21,108
    Filer's total
    $495,873

  • David Morton

    VP Underwriting Operations

    Total calculated
    $494,145
    From this org
    $400,974
    From related orgs
    $0
    Other
    $93,171
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $285,342
    Bonus
    $104,549
    Other
    $11,083
    Deferred
    $60,601
    Nontaxable benefits
    $32,570
    Filer's total
    $494,145

  • Toni Toliver

    VP Business Law

    Total calculated
    $489,294
    From this org
    $401,008
    From related orgs
    $0
    Other
    $88,286
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $271,249
    Bonus
    $94,906
    Other
    $34,852
    Deferred
    $68,431
    Nontaxable benefits
    $19,855
    Filer's total
    $489,293

  • Eric Bourquin

    VP Safety Services

    Total calculated
    $483,642
    From this org
    $376,800
    From related orgs
    $0
    Other
    $106,842
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $247,430
    Bonus
    $91,802
    Other
    $37,567
    Deferred
    $72,565
    Nontaxable benefits
    $34,277
    Filer's total
    $483,641

  • James Ziolkowski

    VP Regional Operations

    Total calculated
    $481,278
    From this org
    $415,972
    From related orgs
    $0
    Other
    $65,306
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $265,379
    Bonus
    $93,639
    Other
    $56,953
    Deferred
    $41,556
    Nontaxable benefits
    $23,750
    Filer's total
    $481,277

  • Billy Jackson

    VP Regional Operations

    Total calculated
    $471,633
    From this org
    $409,323
    From related orgs
    $0
    Other
    $62,310
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $266,661
    Bonus
    $90,369
    Other
    $52,293
    Deferred
    $41,556
    Nontaxable benefits
    $20,754
    Filer's total
    $471,633

  • Jackie Kenyon

    VP Special Litigation

    Total calculated
    $465,977
    From this org
    $374,702
    From related orgs
    $0
    Other
    $91,275
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $242,024
    Bonus
    $85,402
    Other
    $47,276
    Deferred
    $70,840
    Nontaxable benefits
    $20,435
    Filer's total
    $465,977

  • John Sapp

    VP Information Security

    Total calculated
    $447,631
    From this org
    $384,599
    From related orgs
    $0
    Other
    $63,032
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $277,196
    Bonus
    $96,132
    Other
    $11,271
    Deferred
    $51,808
    Nontaxable benefits
    $11,224
    Filer's total
    $447,631

  • Matthew Smith

    VP Engineering

    Total calculated
    $430,239
    From this org
    $360,123
    From related orgs
    $0
    Other
    $70,116
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $255,264
    Bonus
    $55,731
    Other
    $49,128
    Deferred
    $46,366
    Nontaxable benefits
    $23,750
    Filer's total
    $430,239

  • Nicholas Tsourmas

    Medical Director

    Total calculated
    $413,396
    From this org
    $351,155
    From related orgs
    $0
    Other
    $62,241
    Hours/week
    30

    Schedule J breakdown matched by us

    Base
    $276,243
    Bonus
    $64,507
    Other
    $10,405
    Deferred
    $41,541
    Nontaxable benefits
    $20,700
    Filer's total
    $413,396

  • Rhonda Barker

    VP Premium Audit

    Total calculated
    $410,457
    From this org
    $338,216
    From related orgs
    $0
    Other
    $72,241
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $236,336
    Bonus
    $84,094
    Other
    $17,787
    Deferred
    $62,017
    Nontaxable benefits
    $10,224
    Filer's total
    $410,458

  • Ronald Ellis Simmons

    Director

    Total calculated
    $228,000
    From this org
    $198,000
    From related orgs
    $30,000
    Other
    $0
    Hours/week
    4

  • Gregory Carter

    Chief Transformation Officer

    Total calculated
    $200,000
    From this org
    $200,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $200,000
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $200,000

  • Tommy Dan Phillips

    Director

    Total calculated
    $135,000
    From this org
    $135,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Alexia Selene Elliott

    Director

    Total calculated
    $135,000
    From this org
    $105,000
    From related orgs
    $30,000
    Other
    $0
    Hours/week
    4

  • Steven Dudley Oldham

    Director

    Total calculated
    $135,000
    From this org
    $105,000
    From related orgs
    $30,000
    Other
    $0
    Hours/week
    4

  • William Francis Quinn

    Director

    Total calculated
    $130,000
    From this org
    $130,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Kristina Rose Koncaba

    Director

    Total calculated
    $120,000
    From this org
    $120,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Brett Baker Flagg

    Director

    Total calculated
    $120,000
    From this org
    $120,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Gary Gibson

    Director

    Total calculated
    $115,000
    From this org
    $115,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Kevin Mart Robnett

    Director

    Total calculated
    $105,000
    From this org
    $105,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

Schedule J, Part I, Line 1a
Social Club memberships were paid for Brenda Ward, Jo Betsy Norton, James Ziolkowski, Jeffrey Lentz, and Leonard Johnson. The memberships are used for marketing and lobbying purposes.
Schedule J, Part I, Line 4
a) Severance payment (separation agreement voluntarily entered into by both parties) paid to Jeannette Sprague in the amount of $99,652; b) Texas Mutual Insurance Company manages a non-qualified deferred compensation plan for managers and highly compensated employees. Contributions are considered vested 5 years after the contribution date or when the participant reaches age 62. Amounts are as follows: Brenda Ward $78,980; Willard Potter $26,090; Kim Haugaard $52,736; Jeffrey Lentz $53,542; Lawrence Martin $33,043; Elise Teeter $35,570; Nathan Scott $19,881; Phoebe Murphy $49,162; Shannon Pounds $32,246; Lisa Evans $20,604; Peppia Sherrouse $29,153; Beverly Harris $30,257; Anthony Seraphim $9,580; Richard Dabney $14,310; Erica Sanchez $39,025; Edward Coates $29,500; Roger Humecky $21,071; Greta Gonzales $22,346; Amy Green-Hinojosa $42,890; Toni Toliver $23,848; Jeremiah Bentley $34,375; Eric Bourquin $26,952; Jackie Kenyon $34,972; Matthew Smith $17,162; Rhonda Barker $6,799

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2024
Filed
12 November 2025
IRS schema version
2024v5.0
Source object
202533169349307583

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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