CEO Income for P&C Insurers

The income of the heads of insurance companies is always controversial. Many of these executives take home millions each year. Critics say maybe a bit lower income might mean a bit lower premiums for the insurance people buy to help pay those salaries, bonuses and stock options.

Here are 2024’s five highest paid P&C insurance company CEOs:

1. Nicolas Papadopoulo, Arch Capital:

2024 compensation adjusted: $31.7 million

Increase over 2023: +347%

2. Evan Goldberg, Chubb

2024 adjusted compensation: $30.1 million

3. Thomas Wilson, Allstate

2024 adjusted compensation: $26.1 million

4. Peter Zaffino, AIG

2024 adjusted compensation: $24.6 million

5.  Pareshbhai Patel, HCI Group

2024 compensation adjusted: $20.2 million

These are the executives who had the largest increases year-over-year between 2023 and 2024:

• Pareshbhai Patel, HCI Group: +461.5%
• Margaret Tooth, Trumpanion: +357%
• Nicolas Papadopoulo, Arch Capital: +347%
• Stephen Sills, Bowhead Specialty: +235.9%
• Gabriel Tirador, Mercury General: +124.5%
• Stephen Spray, Cincinnati Financial: +98.4%
• Seth Daggett, NI Holdings: +94.3%
• George Murphy, Safety Insurance: +87.5%
• Meryl Golden, Kingstone: +75.1%
• Brian Roney, Conifer Holdings: +72.9%

Source link: PropertyCasualty360.com — https://bit.ly/4mucRI2