ESBD_503812_1777391430431_Financial Experience - Current.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 report documenting claims data for group life and accidental death and dismemberment (AD&D) insurance provided by The Hartford Life and Accident Insurance Company to The Texas A&M University System under policy numbers 681835G and 681794G. The report presents detailed claims experience across six coverage categories—Basic Life, Dependent Life, Supplemental Life, Supplemental Dependent Life, Basic AD&D, and Supplemental AD&D—spanning from September 1, 2020, through February 28, 2026. The data encompasses five full policy years (September 2020 through August 2025) and a partial sixth year through February 2026, covering an average of 229,579 employees and retirees under basic life coverage and varying populations across supplemental products. Total billed premiums across all products for the five-year period amount to $108,220,432, with corresponding incurred claims of $92,739,491, yielding a combined incurred loss ratio of 85.7%.
Performance metrics vary significantly across product lines, with Basic Life exhibiting the highest loss ratio at 133% and Dependent Life showing the lowest at 21% over the five-year experience period. The number of death claims across all products totaled 3,421 over the measurement period, with Basic Life accounting for 1,948 claims. Supplemental Life represents the largest premium volume at $87,233,683 with an 84% loss ratio, while Basic AD&D and supplemental products generated substantially lower claim volumes. The covered lives across the system demonstrate growth trajectory, increasing from approximately 35,795 under basic life in 2020 to 41,573 by February 2026, indicating organizational expansion. This financial experience data directly supports the Request for Proposal SBA-26-280 issued by Texas A&M University System Office of Procurement and Business Services for a new three-year fully-insured group life and AD&D claims administration contract commencing September 1, 2026.
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EXPERIENCE - BASIC LIFE
Account Name: THE TEXAS A&M UNIVERSITY SYSTEM
Policy Numbers: 681835G, 681794G
Employee/Retiree
All claims reported as of 02/28/2026 on an accident year basis.
PERIODS
From 09/01/2020 09/01/2021 09/01/2022 09/01/2023 09/01/2024 09/01/2025
Through 08/31/2021 08/31/2022 08/31/2023 08/31/2024 08/31/2025 02/28/2026
Billed Premium (BP) 2,312,800$ 2,287,622$ 2,235,212$ 2,368,739$ 2,461,354$ 1,338,139$ 13,003,866$
Constant Premium (CP) 2,312,800$ 2,287,622$ 2,235,212$ 2,368,739$ 2,461,354$ 1,338,139$ 13,003,866$
Total Paid Claims 3,148,056$ 2,890,648$ 3,113,649$ 3,121,670$ 2,722,992$ 1,515,220$ 16,512,235$
Total Incurred Claims 3,148,056$ 2,890,648$ 3,113,649$ 3,121,670$ 3,243,220$ 1,795,343$ 17,312,587$
Incurred Loss Ratio 136% 126% 139% 132% 132% 134% 133%
Number of Death Claims 401 355 350 339 325 178 1,948
Covered Lives 35,795 36,235 37,216 38,579 40,181 41,573 229,579
TOTAL
EXPERIENCE - BASIC DEPENDENT LIFE
Policy Numbers: 681835G, 681794G
Dependent
All claims reported as of 02/28/2026 on an accident year basis.
PERIODS
From 09/01/2020 09/01/2021 09/01/2022 09/01/2023 09/01/2024 09/01/2025
Through 08/31/2021 08/31/2022 08/31/2023 08/31/2024 08/31/2025 02/28/2026
Billed Premium (BP) 128,860$ 130,446$ 133,976$ 138,883$ 144,652$ 74,831$ 751,647$
Constant Premium (CP) 128,860$ 130,446$ 133,976$ 138,883$ 144,652$ 74,831$ 751,647$
Total Paid Claims 25,003$ 15,000$ 20,017$ 45,024$ 30,006$ 20,001$ 155,052$
Total Incurred Claims 25,003$ 15,000$ 20,017$ 45,024$ 33,116$ 21,676$ 159,836$
Incurred Loss Ratio 19% 11% 15% 32% 23% 29% 21%
Number of Death Claims 5 3 4 9 6 4 31
EXPERIENCE - SUPP LIFE
Policy Numbers: 681835G, 681794G
Employee/Retiree
All claims reported as of 02/28/2026 on an accident year basis.
PERIODS
From 09/01/2020 09/01/2021 09/01/2022 09/01/2023 09/01/2024 09/01/2025
Through 08/31/2021 08/31/2022 08/31/2023 08/31/2024 08/31/2025 02/28/2026
Billed Premium (BP) 14,823,430$ 14,911,929$ 15,337,305$ 16,106,099$ 16,653,549$ 9,401,370$ 87,233,683$
Constant Premium (CP) 14,823,430$ 14,911,929$ 15,337,305$ 16,106,099$ 16,653,549$ 9,401,370$ 87,233,683$
Total Paid Claims 13,784,393$ 10,985,426$ 12,221,058$ 11,685,313$ 14,097,632$ 6,893,727$ 69,667,550$
Total Incurred Claims 13,784,393$ 10,985,426$ 12,221,058$ 11,685,313$ 16,161,943$ 8,005,279$ 72,843,413$
Incurred Loss Ratio 93% 74% 80% 73% 97% 85% 84%
Number of Death Claims 211 193 181 192 190 112 1,079
Covered Lives 17,234 17,054 17,135 17,236 17,429 17,513 103,601
EXPERIENCE - SUPP DEP
Policy Numbers: 681835G, 681794G
Dependent
All claims reported as of 02/28/2026 on an accident year basis.
PERIODS
From 09/01/2020 09/01/2021 09/01/2022 09/01/2023 09/01/2024 09/01/2025
Through 08/31/2021 08/31/2022 08/31/2023 08/31/2024 08/31/2025 02/28/2026
Billed Premium (BP) 2,497,589$ 2,337,115$ 2,308,577$ 2,352,699$ 2,338,234$ 1,288,543$ 13,122,757$
Constant Premium (CP) 2,497,589$ 2,337,115$ 2,308,577$ 2,352,699$ 2,338,234$ 1,288,543$ 13,122,757$
Total Paid Claims 2,558,915$ 2,167,261$ 2,110,917$ 1,501,338$ 1,511,631$ 803,079$ 10,653,141$
Total Incurred Claims 2,558,915$ 2,167,261$ 2,110,917$ 1,501,338$ 1,697,216$ 903,010$ 10,938,657$
Incurred Loss Ratio 102% 93% 91% 64% 73% 70% 83%
Number of Death Claims 74 68 63 61 63 34 363
Covered Lives 12,862 11,062 10,282 9,904 9,770 9,857 63,737
EXPERIENCE - BASIC SAADD
Policy Numbers: 681835G, 681794G
Employee
All claims reported as of 02/28/2026 on an accident year basis.
PERIODS
From 09/01/2020 09/01/2021 09/01/2022 09/01/2023 09/01/2024 09/01/2025
Through 08/31/2021 08/31/2022 08/31/2023 08/31/2024 08/31/2025 02/28/2026
Billed Premium (BP) 21,477$ 21,741$ 22,329$ 23,147$ 24,109$ 12,472$ 125,274$
Constant Premium (CP) 21,477$ 21,741$ 22,329$ 23,147$ 24,109$ 12,472$ 125,274$
Total Paid Claims 5,000$ 25,000$ 15,000$ 27,500$ 27,500$ 15,000$ 115,000$
Total Incurred Claims 5,000$ 25,000$ 15,000$ 27,500$ 31,851$ 17,343$ 121,693$
Incurred Loss Ratio 23% 115% 67% 119% 132% 139% 97%
EXPERIENCE - SUPP SAADD
Policy Numbers: 681835G, 681794G
Family
All claims reported as of 02/28/2026 on an accident year basis.
PERIODS
From 09/01/2020 09/01/2021 09/01/2022 09/01/2023 09/01/2024 09/01/2025
Through 08/31/2021 08/31/2022 08/31/2023 08/31/2024 08/31/2025 02/28/2026
Billed Premium (BP) 1,011,444$ 972,948$ 983,724$ 1,028,026$ 1,079,564$ 602,526$ 5,678,232$
Constant Premium (CP) 1,011,444$ 972,948$ 983,724$ 1,028,026$ 1,079,564$ 602,526$ 5,678,232$
Total Paid Claims 385,000$ 442,293$ 448,500$ 638,593$ 1,557,896$ 319,000$ 3,791,281$
Total Incurred Claims 385,000$ 442,293$ 448,500$ 638,593$ 1,683,293$ 386,522$ 3,984,200$
Incurred Loss Ratio 38% 45% 46% 62% 156% 64% 70%
Covered Lives 17,934 17,592 17,512 17,691 17,949 18,083 106,761
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