The Median Chief Executive Officer Brought Home $6.0 Million
A research study of life insurance compensation was conducted at LifeSalarySurvey.com. This salary survey considered the top 10 life insurance companies in the United States market, based on market capitalization.
Compensation by the leading executives at Genworth, Hartford Financial, Torchmark, Protective Life, Symetra, FBL Financial, Met Life, Prudential USA, Principal and Lincoln National were tallied.
Annual compensation was compiled from U.S. SEC filings. This compensation included salary, bonus, share awards, option awards, non-equity incentive plan compensation and change in pension value.
The median Chief Executive Officer (CEO) at these firms brought home $6.0 million. Fifty percent of these CEO’s earned between $4.7 million and $8.7 million.
The median Chairman earned $7.3 million, with the middle 50% of the Chairpersons bringing home $4.8-10.4 million.
Median Presidents collected $6.0 million. Fifty percent of these Presidents earned between $4.9 million and $7.2 million.
Median Chief Investment Officers (CIO) collected $2.5 million, with the middle 50% of the CIO’s earning $1.2-4.1 million.
Chief Financial Officers (CFO), at the median, brought home $2.1 million. Fifty percent of these CFO’s collected between $1.5 million to $4.2 million.
The median General Counsel collected $2.0 million. Fifty percent of these General Counsels brought home between $1.5 million and $2.3 million.