ESBD_503812_1775238396412_Financial Experience FY2025.pdf
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- Solicitation number
- RFP-01-SBA-26-280
- Issued by
- Brazos County, Texas
About this file
This is a financial experience reporting document from The Hartford for the Texas A&M University System (TAMUS) life insurance plans covering the five-year period from September 2020 through August 2025. The document provides a comprehensive analysis of claims experience and premium data across multiple plan types, including basic life, basic dependent life, supplemental life, supplemental dependent life, basic supplemental accident and sickness disability (SAADD), and supplemental SAADD. The combined experience across all TAMUS life plans demonstrates an overall loss ratio of 85.7% on total billed premiums of $108,220,432, with total incurred claims of $92,739,491 as of August 31, 2025.
The document details specific claims and premium experience by plan type and policy year, noting significant variations in performance across the product lines. Basic life coverage showed the highest loss ratio at 137.7% with incurred claims of $15,318,928 against premiums of $11,127,025, while basic dependent life demonstrated improved performance at 37.8% loss ratio. Supplemental life plans generated $79,619,775 in billed premiums with an 81.8% loss ratio, and supplemental SAADD coverage produced the most favorable results with a 45.6% loss ratio. The covered lives data indicates a declining enrollment trend across most plan categories, with basic life declining from 35,823 to 34,312 covered lives over the five-year period, while death claims across all plans totaled 3,343 incidents during the reporting period. The Hartford policy numbers associated with this experience are 681794G and 681835G.
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Experience Reporting
Financial Review
Combined Experience All TAMUS Life Plans
85.7%
585421 BR 02/25 © 2025 The Hartford. Confidential. No part of this document may be reproduced, published or posted without the permission of The Hartford.
Coverage Billed Premium Incurred Claims Loss ratio
Basic life $11,127,025 $15,318,928 137.7%
Basic dep life $634,412 $239,828 37.8%
Supp life $79,619,775 $65,126,434 81.8%
Supp dep life $11,834,770 $9,657,353 81.6%
Basic saadd $153,547 $183,313 119.4%
Supp saadd $4,850,903 $2,213,635 45.6%
Total $108,220,432 $92,739,491 85.69%
THE TEXAS A&M UNIVERSITY SYSTEM
Policy Numbers: 681794G, 681835G All claims 9/2020 – 8/2025 reported as of 08/31/2025 on an accident year basis.
585421 BR 02/25 © 2025 The Hartford. Confidential. No part of this document may be reproduced, published or posted without the permission of The Hartford.
EXPERIENCE - BASIC LIFE
PERIODS
From 09/01/2020 09/01/2021 09/01/2022 09/01/2023 09/01/2024
Through 08/31/2021 08/31/2022 08/31/2023 08/31/2024 08/31/2025
Billed Premium (BP) 2,299,789$ 2,254,047$ 2,232,573$ 2,164,529$ 2,176,087$ 11,127,025$
Constant Premium (CP) 2,299,789$ 2,254,047$ 2,232,573$ 2,164,529$ 2,176,087$ 11,127,025$
Total Paid Claims 3,148,056$ 2,890,648$ 3,113,397$ 3,125,670$ 2,445,385$ 14,723,157$
Total Incurred Claims 3,148,056$ 2,890,648$ 3,113,397$ 3,244,824$ 2,922,002$ 15,318,928$
Incurred Loss Ratio 137% 128% 139% 150% 134% 138%
Number of Death Claims 405 355 351 339 291 1,741
Covered Lives 35,823 35,371 35,019 34,689 34,312 175,214
TOTAL
585421 BR 02/25 © 2025 The Hartford. Confidential. No part of this document may be reproduced, published or posted without the permission of The Hartford.
EXPERIENCE - BASIC DEP LIFE
PERIODS
From 09/01/2020 09/01/2021 09/01/2022 09/01/2023 09/01/2024
Through 08/31/2021 08/31/2022 08/31/2023 08/31/2024 08/31/2025
Billed Premium (BP) 120,010$ 131,334$ 127,448$ 127,716$ 127,904$ 634,412$
Constant Premium (CP) 120,010$ 131,334$ 127,448$ 127,716$ 127,904$ 634,412$
Total Paid Claims 25,003$ 15,000$ 20,017$ 97,524$ 75,005$ 232,550$
Total Incurred Claims 25,003$ 15,000$ 20,017$ 98,980$ 80,828$ 239,828$
Incurred Loss Ratio 21% 11% 16% 78% 63% 38%
Number of Death Claims 5 3 4 12 5 29
Covered Lives 35,499 35,109 33,936 33,713 33,354 171,611
585421 BR 02/25 © 2025 The Hartford. Confidential. No part of this document may be reproduced, published or posted without the permission of The Hartford.
EXPERIENCE - SUPP LIFE
PERIODS
From 09/01/2020 09/01/2021 09/01/2022 09/01/2023 09/01/2024
Through 08/31/2021 08/31/2022 08/31/2023 08/31/2024 08/31/2025
Billed Premium (BP) 14,640,563$ 14,821,223$ 15,716,598$ 16,485,379$ 17,956,012$ 79,619,775$
Constant Premium (CP) 14,640,563$ 14,821,223$ 15,716,598$ 16,485,379$ 17,956,012$ 79,619,775$
Total Paid Claims 13,784,393$ 10,985,424$ 12,221,058$ 11,893,313$ 13,569,056$ 62,453,244$
Total Incurred Claims 13,784,393$ 10,985,424$ 12,221,058$ 12,427,951$ 15,707,608$ 65,126,434$
Incurred Loss Ratio 94% 74% 78% 75% 87% 82%
Number of Death Claims 214 192 182 193 177 958
Covered Lives 17,063 16,598 16,053 15,374 14,623 79,711
585421 BR 02/25 © 2025 The Hartford. Confidential. No part of this document may be reproduced, published or posted without the permission of The Hartford.
EXPERIENCE - SUPP DEP LIFE
PERIODS
From 09/01/2020 09/01/2021 09/01/2022 09/01/2023 09/01/2024
Through 08/31/2021 08/31/2022 08/31/2023 08/31/2024 08/31/2025
Billed Premium (BP) 2,665,717$ 2,437,298$ 2,326,844$ 2,268,253$ 2,136,659$ 11,834,770$
Constant Premium (CP) 2,665,717$ 2,437,298$ 2,326,844$ 2,268,253$ 2,136,659$ 11,834,770$
Total Paid Claims 2,558,915$ 2,167,261$ 2,110,917$ 1,448,838$ 1,139,100$ 9,425,032$
Total Incurred Claims 2,558,915$ 2,167,261$ 2,110,917$ 1,495,302$ 1,324,958$ 9,657,353$
Incurred Loss Ratio 96% 89% 91% 66% 62% 82%
Number of Death Claims 74 68 63 58 52 315
Covered Lives 12,862 11,062 10,282 9,904 9,715 53,825
585421 BR 02/25 © 2025 The Hartford. Confidential. No part of this document may be reproduced, published or posted without the permission of The Hartford.
EXPERIENCE - BASIC SAADD
PERIODS
From 09/01/2020 09/01/2021 09/01/2022 09/01/2023 09/01/2024
Through 08/31/2021 08/31/2022 08/31/2023 08/31/2024 08/31/2025
Billed Premium (BP) 54,020$ 24,456$ 24,948$ 25,353$ 24,771$ 153,547$
Constant Premium (CP) 54,020$ 24,456$ 24,948$ 25,353$ 24,771$ 153,547$
Total Paid Claims 12,500$ 32,500$ 60,000$ 22,604$ 48,875$ 176,479$
Total Incurred Claims 12,500$ 32,500$ 60,000$ 23,971$ 54,342$ 183,313$
Incurred Loss Ratio 23% 133% 241% 95% 219% 119%
Covered Lives 35,513 35,179 34,802 34,689 34,312 174,495
585421 BR 02/25 © 2025 The Hartford. Confidential. No part of this document may be reproduced, published or posted without the permission of The Hartford.
EXPERIENCE - SUPP SAADD
PERIODS
From 09/01/2020 09/01/2021 09/01/2022 09/01/2023 09/01/2024
Through 08/31/2021 08/31/2022 08/31/2023 08/31/2024 08/31/2025
Billed Premium (BP) 1,016,837$ 993,444$ 964,238$ 946,364$ 930,020$ 4,850,903$
Constant Premium (CP) 1,016,837$ 993,444$ 964,238$ 946,364$ 930,020$ 4,850,903$
Total Paid Claims 469,793$ 549,500$ 481,593$ 338,500$ 240,000$ 2,079,386$
Total Incurred Claims 469,793$ 549,500$ 481,593$ 365,350$ 347,399$ 2,213,635$
Incurred Loss Ratio 46% 55% 50% 39% 37% 46%
Covered Lives 17,994 17,236 16,386 15,641 14,820 82,077
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