Between their base salary, stock options and bonuses, it can be challenging to determine exactly how much a corporate executive earns in a given year. Enter S&P Global Market Intelligence, where researchers analyzed annual reports and SEC filings from 2022 to determine which CEOs in the property and casualty insurance sector 'brought home the most bacon' that year. The slideshow above illustrates 2022's highest paid P&C insurance company CEOs in 2022, according to S&P Global Market Intelligence. Analysts noted that many individuals on this list actually earned less than they did in 2021. However they all still earned multi-millions of dollars over the course of the year — salaries that are far and above what other executives at each company earned. The employment website Zippia explains that CEO salaries are generally tied to company performance, and that CEOs "provide an extremely high level of talent and skill to produce a strongly performing company." Only about 20% of a CEOs annual compensation comes from a base salary, Zippia adds. The majority of CEO pay is in fact determined by performance metrics and stock options. How do the salaries of the P&C insurance executives named above stack up to other CEOs around corporate America? CNBC reports that 2022's single highest paid CEO was Stephen Schwarzman of Blackstone, who drew a 2022 compensation package worth roughly $253 million. See also: |
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.