ATTN Physicians and Americans: Remember the hit piece against physicians and their salaries in USA Today??? Well, the highest-paid insurance executives in the United States primarily lead major health and Property & Casualty (P&C) organizations. Executive compensation is heavily weighted toward stock awards and incentives, rather than base salaries. Top executives from recent proxy filings:
Andrew Witty: CEO of UNITEDHEALTH Group. Recognized as the highest-paid payer CEO, his total compensation reached $26.3 million.
Evan Greenberg: Chairman & CEO of Chubb. Leading a massive P&C firm, his total compensation was over $27.6 million, with some industry evaluations placing his adjusted compensation even higher at $30.1 million.
Nicolas Papadopoulo: Executive at Arch Capital. He is among the highest-paid P&C leaders with adjusted compensation reported near $31.7 million.
David Cordani: CEO of CIGNA Group. He consistently ranks near the top with a total compensation of $23.25 million (and has historically seen total packages over $91 million during high-vesting periods).
Thomas Wilson: CEO of Allstate. He features prominently as one of the highest-paid leaders in personal lines, with adjusted compensation over $26 million.Joseph Zubretsky: CEO of Molina Healthcare. He rounds out the top healthcare leaders with compensation packages of approximately $21.9 million.
Peter Zaffino: Chairman & CEO of AIG. He typically earns around $24.6 million in total compensation.