2024’s Highest Paid Insurance Executives

We all agree that a very nice income can be made in the insurance industry. Some make more than others. And some of those making more than others make a lot more.

The insurance publication, Business Insurance recently took a look at the highest paid insurance brokers in 2024. These five executives are making an enviable income. While most of us hope to get raises that at least match inflation, these executives are seeing salary increases ranging from that of Christa Davies of Aon at 163.9% to 9.2%.

Most, however, are much higher than the 9.2% of J. Patrick Gallagher of Arthur J. Gallagher.

Here is the list:

1. Christa Davies, Aon PLC CFO

Salary: $1,250,000

Stock awards: $25,042,451

Other: $5,340,367

Total: $31,632,818

Change: 163.9%

2. John Q. Doyle, President & CEO, Marsh McLennan

Salary: $1,400,000

Stock awards: $5,775,090

Option awards: $5,550,012

No-equity incentive: $6,000,000

Other: $329,854

Total: $19,054,956

Change: 64.3%

3. J. Patrick Gallagher Jr. chairman and CEO, Arthur J. Gallagher

Salary: $1,300,000

Stock awards: $3,988,775

Option awards: $1,388,841

Non-equity incentive: $5,850,000

Change in pension, deferred comp: $36,498

Other: $2,932,108

Total: $15,496,222

Change: 9.2%

4. Carl Hess, CEO, Willis Towers Watson

Salary: $1,000,000

Share awards: $8,499,764

Non-equity incentive: $2,499,508

Change in pension,deferred comp: $156,923

Other: $512,637

Total: $12,668,832

Change: 18.1%

5. J. Powell Brown, CEO & President, Brown & Brown

Salary: $1,000,000

Stock awards: $2,941,861

Non-equity incentive: $5,500,000

Other: $344,884

Total: $9,786,745

Change: 45.2%

Source link: Business Insurance — https://bit.ly/4avkRTb