An educated, hard-working independent insurance agent can make a very good living. Agency owners — using the same criteria — can also make very good money. Some — those at the higher levels of insurance management — can easily makes a seven-figure income.
Business Insurance recently took a hard look at the highest paid insurance executives and published an article on the top-5 highest earners. Four of the five in the top-5 made over $20 million in 2022.
Here they are:
1. Peter Zaffino — AIG
Salary: $1,571,923
Stock awards: $62,422,889
Option awards: $3,224,990
Non-equity incentive: $7,830,000
Other: $264,397
Total: $75,314,199
Percentage of change: +243.8%
2. Evan Greenberg — Chubb
Salary: $1,400,000
Bonus: $7,700,000
Stock awards: $11,625,143
Option awards: $3,022,290
Other: $1,404,637
Total: $25,152,070
Percentage of change: +8.5%
3. Alan Schnitzer — Travelers Cos.
Salary: $1,300,000
Stock awards: $7,740,075
Option awards: $5,159,281
Non-equity incentive: $6,800,000
Other: $73,041
Total: $21,072,397
Percentage of change: +6.1%
4. David Long — Liberty Mutual
Salary: $1,487,500
Bonus: $5,981,250
Appreciation units: $10,200,560
Restricted units: $2,550,012
Other: $509,456
Total: $20,728,778
Percentage of change: +12.3%
*** Please note, Long retired at the end of 2022
5. Ajit Jain — Berkshire Hathaway
Salary: $16,000,000
Bonus: $3,000,000
Other: $15,250
Total: $19,015,250
Percentage of change: Not measured
Source link: Business Insurance — https://bit.ly/3n6lsbh
