Second Mutual reports solid financial results Water- cooler, air conditioner project nears completion In Second Mutual, business is running smoothly. Through May, the Mutual was $1.3 million under budget in operations and $467,000 under budget in reserves. The Mutual budgeted $5.557 million for insurance for 17 months, and the premium came in at $3.845 million for a savings of $1.7 million.