In its 2010 Executive Compensation Review, Charlottesville, Va.-based SNL Financial, a provider of financial data and analysis on the banking, financial services and insurance markets, examines pay packages across a number of lines of business for the 2009 fiscal year. While CEO base salary ebbed slightly (down .86%) for all insurance companies, there were some large variances across all lines, notes the report.
For example, while multiline and property/casualty CEOs saw base salary increases of 5.81% and 4.26% respectively, life/health and managed care CEOs saw a decline of 16.21% and 12.21%. Given the long-term nature of executive compensation packages, the fact these retrenchments occurred as health insurers came under increased scrutiny during the health care reform debate is likely coincidental.
Register or login for access to this item and much more
All Digital Insurance content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access