Insurance Carriers
61 companies · FY2023
Reading the Insurance Carriers CEO Pay Landscape (SIC 63, FY2023)
The Insurance Carriers industry, classified under 2-digit SIC code 63, had 61 SEC-reporting public companies disclose CEO pay ratio data in fiscal year 2023. Across that set of firms, the median CEO-to-worker pay ratio was 70:1 and the average was 98:1. Median CEO total compensation in the sector was $7.3M, with the sector-wide average at $9.0M. These figures are aggregated from DEF 14A proxy statements filed under Section 953(b) of the Dodd-Frank Act, which requires every U.S.-listed reporting company to compare its CEO's total compensation against a representative median employee.
Pay dispersion inside this industry is substantial. The 25th percentile CEO in Insurance Carriers earned $2.8M, while the 75th percentile CEO earned $13.0M — a spread that shows how firm size, equity-heavy compensation packages, and performance-linked incentives can drive very different outcomes even among peers sharing the same SIC code. When the average and median ratios are close, as they are here, pay practices in the sector are relatively uniform and the median is a reliable representative value.
Below you can scan each of the 67 Insurance Carriers companies PlainCEOPay currently tracks in this SIC group, with headline pay, CEO name, median worker pay, and individual pay ratios. Click through to any company page to see the full compensation breakdown — base salary, stock awards, option awards, non-equity incentive pay, pension value changes, and other compensation — plus how that firm specifically compares to this industry benchmark. All data is pulled directly from SEC EDGAR filings and reflects what companies themselves disclosed to shareholders; it is not estimated, imputed, or projected.
Companies in Insurance Carriers (67)
| Company | CEO | CEO Pay | Median Worker | Pay Ratio | FY |
|---|---|---|---|---|---|
| American National Group Inc.SEC EDGAR DEF 14A — CIK 1039828 | — | $9.6M | $21K | 466:1 | 2022 |
| Oscar Health, Inc.SEC EDGAR DEF 14A — CIK 1568651 | — | $44.7M | $98K | 455:1 | 2023 |
| Elevance Health, Inc.SEC EDGAR DEF 14A — CIK 1156039 | — | $21.9M | $56K | 389:1 | 2023 |
| UNITEDHEALTH GROUP INCSEC EDGAR DEF 14A — CIK 731766 | — | $23.5M | $67K | 352:1 | 2023 |
| AFLAC INCSEC EDGAR DEF 14A — CIK 4977 | — | $20.7M | $64K | 324:1 | 2023 |
| METLIFE INCSEC EDGAR DEF 14A — CIK 1099219 | — | $20.6M | $82K | 252:1 | 2023 |
| ALLSTATE CORPSEC EDGAR DEF 14A — CIK 899051 | — | $16.5M | $69K | 239:1 | 2023 |
| National Western Life Group, Inc.SEC EDGAR DEF 14A — CIK 1635984 | — | $12.9M | $56K | 231:1 | 2022 |
| PROGRESSIVE CORP/OH/SEC EDGAR DEF 14A — CIK 80661 | — | $15.6M | $72K | 218:1 | 2023 |
| Alignment Healthcare, Inc.SEC EDGAR DEF 14A — CIK 1832466 | — | — | — | 216:1 | 2023 |
| PRUDENTIAL FINANCIAL INCSEC EDGAR DEF 14A — CIK 1137774 | — | $19.2M | $92K | 210:1 | 2023 |
| TRAVELERS COMPANIES, INC.SEC EDGAR DEF 14A — CIK 86312 | — | — | — | 194:1 | 2023 |
| PRINCIPAL FINANCIAL GROUP INCSEC EDGAR DEF 14A — CIK 1126328 | — | $15.2M | $78K | 194:1 | 2023 |
| HUMANA INCSEC EDGAR DEF 14A — CIK 49071 | — | — | — | 192:1 | 2023 |
| LINCOLN NATIONAL CORPSEC EDGAR DEF 14A — CIK 59558 | — | $13.4M | $94K | 142:1 | 2023 |
| NeueHealth, Inc.SEC EDGAR DEF 14A — CIK 1671284 | — | $10.0M | $72K | 140:1 | 2022 |
| KEMPER CorpSEC EDGAR DEF 14A — CIK 860748 | — | $8.2M | $60K | 135:1 | 2023 |
| Fidelity National Financial, Inc.SEC EDGAR DEF 14A — CIK 1331875 | — | $9.8M | $74K | 133:1 | 2023 |
| Jackson Financial Inc.SEC EDGAR DEF 14A — CIK 1822993 | — | $11.0M | $84K | 131:1 | 2023 |
| CNO Financial Group, Inc.SEC EDGAR DEF 14A — CIK 1224608 | — | $9.7M | $82K | 119:1 | 2023 |
| GLOBE LIFE INC.SEC EDGAR DEF 14A — CIK 320335 | — | — | — | 118:1 | 2023 |
| Root, Inc.SEC EDGAR DEF 14A — CIK 1788882 | — | $8.7M | $74K | 118:1 | 2023 |
| First American Financial CorpSEC EDGAR DEF 14A — CIK 1472787 | — | $7.1M | $60K | 117:1 | 2023 |
| LOEWS CORPSEC EDGAR DEF 14A — CIK 60086 | — | $6.9M | $66K | 105:1 | 2023 |
| RADIAN GROUP INCSEC EDGAR DEF 14A — CIK 890926 | — | $12.8M | $123K | 104:1 | 2023 |
| WHITE MOUNTAINS INSURANCE GROUP LTDSEC EDGAR DEF 14A — CIK 776867 | — | $7.6M | $74K | 102:1 | 2023 |
| REINSURANCE GROUP OF AMERICA INCSEC EDGAR DEF 14A — CIK 898174 | — | $13.5M | $146K | 93:1 | 2023 |
| SiriusPoint LtdSEC EDGAR DEF 14A — CIK 1576018 | — | — | — | 93:1 | 2023 |
| CLOVER HEALTH INVESTMENTS, CORP. /DESEC EDGAR DEF 14A — CIK 1801170 | — | — | — | 88:1 | 2023 |
| F&G Annuities & Life, Inc.SEC EDGAR DEF 14A — CIK 1934850 | — | $10.6M | $123K | 86:1 | 2023 |
| ARCH CAPITAL GROUP LTD.SEC EDGAR DEF 14A — CIK 947484 | — | $12.7M | $147K | 86:1 | 2023 |
| GENWORTH FINANCIAL INCSEC EDGAR DEF 14A — CIK 1276520 | — | $9.9M | $119K | 83:1 | 2023 |
| Primerica, Inc.SEC EDGAR DEF 14A — CIK 1475922 | — | $4.2M | $57K | 74:1 | 2023 |
| OLD REPUBLIC INTERNATIONAL CORPSEC EDGAR DEF 14A — CIK 74260 | — | $5.9M | $84K | 70:1 | 2023 |
| HANOVER INSURANCE GROUP, INC.SEC EDGAR DEF 14A — CIK 944695 | — | $5.4M | $80K | 67:1 | 2023 |
| Brighthouse Financial, Inc.SEC EDGAR DEF 14A — CIK 1685040 | — | $9.9M | $153K | 65:1 | 2023 |
| Enstar Group LTDSEC EDGAR DEF 14A — CIK 1363829 | — | — | — | 62:1 | 2023 |
| MBIA INCSEC EDGAR DEF 14A — CIK 814585 | — | $17.1M | $290K | 59:1 | 2023 |
| HCI Group, Inc.SEC EDGAR DEF 14A — CIK 1400810 | — | $3.7M | $66K | 56:1 | 2023 |
| AXIS CAPITAL HOLDINGS LTDSEC EDGAR DEF 14A — CIK 1214816 | — | $6.8M | $138K | 49:1 | 2023 |
| NMI Holdings, Inc.SEC EDGAR DEF 14A — CIK 1547903 | — | $7.9M | $165K | 48:1 | 2023 |
| UNIVERSAL INSURANCE HOLDINGS, INC.SEC EDGAR DEF 14A — CIK 891166 | — | $4.3M | $91K | 47:1 | 2023 |
| BERKSHIRE HATHAWAY INCSEC EDGAR DEF 14A — CIK 1067983 | — | $3.0M | $77K | 39:1 | 2023 |
| Heritage Insurance Holdings, Inc.SEC EDGAR DEF 14A — CIK 1598665 | — | $3.0M | $77K | 39:1 | 2021 |
| Employers Holdings, Inc.SEC EDGAR DEF 14A — CIK 1379041 | — | $3.8M | $105K | 36:1 | 2023 |
| AMERISAFE INCSEC EDGAR DEF 14A — CIK 1018979 | — | $2.1M | $67K | 31:1 | 2023 |
| NI Holdings, Inc.SEC EDGAR DEF 14A — CIK 1681206 | — | $2.3M | $78K | 29:1 | 2022 |
| UNITED FIRE GROUP INCSEC EDGAR DEF 14A — CIK 101199 | — | $2.8M | $100K | 28:1 | 2023 |
| Global Indemnity Group, LLCSEC EDGAR DEF 14A — CIK 1494904 | — | $2.7M | $103K | 26:1 | 2023 |
| James River Group Holdings, Inc.SEC EDGAR DEF 14A — CIK 1620459 | — | $2.7M | $117K | 23:1 | 2023 |
| CITIZENS, INC.SEC EDGAR DEF 14A — CIK 24090 | — | $1.4M | $60K | 23:1 | 2022 |
| Palomar Holdings, Inc.SEC EDGAR DEF 14A — CIK 1761312 | — | $3.5M | $159K | 22:1 | 2023 |
| SAFETY INSURANCE GROUP INCSEC EDGAR DEF 14A — CIK 1172052 | — | — | — | 21:1 | 2023 |
| Lemonade, Inc.SEC EDGAR DEF 14A — CIK 1691421 | — | $1.7M | $95K | 18:1 | 2023 |
| Cigna GroupSEC EDGAR DEF 14A — CIK 1739940 | — | — | — | 9:1 | 2023 |
| PROASSURANCE CORPSEC EDGAR DEF 14A — CIK 1127703 | — | $1.0M | $113K | 9:1 | 2023 |
| MARKEL GROUP INC.SEC EDGAR DEF 14A — CIK 1096343 | — | $441K | $55K | 8:1 | 2023 |
| Essent Group Ltd.SEC EDGAR DEF 14A — CIK 1448893 | — | — | — | 8:1 | 2023 |
| DONEGAL GROUP INCSEC EDGAR DEF 14A — CIK 800457 | — | $786K | $81K | 7:1 | 2023 |
| RENAISSANCERE HOLDINGS LTDSEC EDGAR DEF 14A — CIK 913144 | — | — | — | 6:1 | 2023 |
| Kinsale Capital Group, Inc.SEC EDGAR DEF 14A — CIK 1669162 | — | — | — | 5:1 | 2023 |
| CINCINNATI FINANCIAL CORPSEC EDGAR DEF 14A — CIK 20286 | — | — | — | 4:1 | 2023 |
| TRUPANION, INC.SEC EDGAR DEF 14A — CIK 1371285 | — | $346K | $87K | 4:1 | 2023 |
| OCTAVE SPECIALTY GROUP INCSEC EDGAR DEF 14A — CIK 874501 | — | $685K | $228K | 3:1 | 2023 |
| ASSURANT, INC.SEC EDGAR DEF 14A — CIK 1267238 | — | $105K | $53K | 2:1 | 2023 |
| GREENLIGHT CAPITAL RE, LTD.SEC EDGAR DEF 14A — CIK 1385613 | — | $327K | $163K | 2:1 | 2023 |
| ASSURED GUARANTY LTDSEC EDGAR DEF 14A — CIK 1273813 | — | $306K | $306K | 1:1 | 2023 |
Frequently Asked Questions
What's the typical pay ratio in Insurance Carriers? ▼
How much do Insurance Carriers CEOs earn? ▼
How many companies report CEO pay in Insurance Carriers? ▼
Where does this Insurance Carriers pay data come from? ▼
Read our methodology — how this data is sourced, computed, and verified.