At Texas Mutual Insurance Company, the state’s leading provider of workers’ compensation insurance, we’re committed to being a stable force for good. That’s why we launched our first-ever corporate citizenship strategy last year to outline the focus areas and commitments that will guide how we will drive toward creating a stronger, safer, more resilient Texas. Now, we’re releasing the first edition of our Corporate Citizenship Impact Report to showcase the significant strides we’ve made toward our goals.

In our corporate citizenship strategy, we committed to combining the power of Texas Mutual’s business operations, philanthropy and partnerships to focus on four areas of impact.

Supporting working Texans – today and tomorrow

We are committed to addressing issues that impact Texas employees to ensure everyone has access to affordable health care, safe working environments, and what they need to seize opportunities for prosperity. During 2023, we made several strides in this area:

• Launched our health subsidiary, Texicare, that is improving access to health care in Texas for small businesses and employees
• Awarded $411,000 in student scholarships and $4.1 million in generational learning grants
• Launched a new e-Learning system for our policyholders to help with safety training
• Invested in strategic partnerships with organization such as Texas 2036, Early Matters Texas and Foundation Communities

Developing the insurance talent of the future

We believe dedicated insurance professionals are making Texas a stronger, more stable, and secure place for all of us. As generations of insurance professionals retire, it is critical for our industry—and our company—to develop the insurance talent of the future. To support this goal, we’ve:

• Launched an internal mentorship program and career days
• Hired 19 trainees, two apprentices and five interns
• Received recognition as the 2023 Gulf Coast Region Business Apprenticeship Provider of the Year and Best Place for Working Parents

Leading with trust and credibility

We are committed to maintaining the highest level of integrity by delivering on our commitments and showing up for those who rely on us. As a company, we led with trust and credibility in 2023 by:

• Identifying $9.7 million in fraud and abuse
• Contributing almost 7,000 employee volunteer hours
• Maintaining our “A” financial strength rating and “a+” issuer credit rating by AM Best

Strengthening the Texas economy

We know that we only succeed when the businesses of Texas succeed. As a mutual insurance company, we make our business decisions based upon what is good for our long-term success and the long-term success of the state of Texas. Last year, we continued working to strengthen the state’s economy by:

• Distributing $340 million in dividends to over 69,000 policyholder owners
• Granting $3.9 million to nonprofits for workforce development
• Initiating a partnership to build a new disaster preparedness and response tool

These achievements reflect our ongoing commitment to being a model corporate citizen in Texas now and for decades to come. We’re proud of the progress we’ve made and are grateful to our policyholders, agents, community partners and employees who share in our mission and make these efforts possible. To learn more about these and other achievements, view our 2023 Corporate Citizenship Impact Report. To see our work in action, visit texasmutual.com/community.