(Just to have someplace to put these, this post will be reachable from www.InsuranceSalarySurveys.com .)
Property & casualty insurance compensation survey
Life insurance compensation survey
Health insurance compensation survey
(The P&C, Life and Health salary survey medians are compared here.)
Simply for my own edification, I spent a little time and looked at the SEC filings for the top 10 US publicly-traded health insurers, by market capitalization, to produce a C-level compensation survey. Here is the underlying data, publicly available on Google Spreadsheets.
These companies were included: UnitedHealth, WellPoint, Aetna, CIGNA, Humana, Coventry, Health Net, Amerigroup, Magellan and WellCare.
“Compensation” in this context is the total amount from the “Summary Compensation Table”, which includes salary, bonus, share awards, option awards, non-equity incentive plan compensation, change in pension value, and whatever else they decide to include in that table.
Chief Executive Officer (CEO): 25th percentile = $5.4 million ; Median = $6.6 million ; 75th percentile = $12.1 million
Chairman: 25th = $7.2m ; Median = $15.3m ; 75th = $17.9m
Chief Operating Officer (COO): 25th = $2.2m ; Median = $2.7m ; 75th = $3.1m
President: 25th = $3.6m ; Median = $6.5m ; 75th = $8.9m
Chief Financial Officer (CFO): 25th = $1.8m ; Median = $4.0m ; 75th = $6.9m
If someone held more than one slot, I included them in all applicable slots. Have fun!
(This post is also reachable from InsuranceSalarySurveys.com, which includes Life Insurance, Property & Casualty Primary Insurance, and Property & Casualty Reinsurance salary surveys.)
*As seen in the American Academy of Actuaries’ Contingencies magazine.
Cool stuff.
“The Defense Advanced Research Projects Agency (DARPA) has awarded Medicago a $21 million research grant to improve the process of large-quantity H1N1 vaccine production using plant-based technology.
The company is currently using tobacco leaves to produce pandemic and seasonal influenza vaccines. Medicago’s project with DARPA will lead to a total investment of more than $32 million in Research Triangle Park.
“Bringing jobs to North Carolina is my No. 1 priority, and part of that mission is seeking out innovative businesses to increase our workforce opportunities,” said Gov. Perdue. “This exciting project represents the best of the biotechnology sector: creating jobs that use new technology to transform a traditional North Carolina product – tobacco – into vaccines for H1N1 and other dangerous flu viruses.”
Medicago USA is developing vaccines for humans based on two proprietary technologies; plant-based manufacturing technology and its virus-like-particles (VLPs). VLPs can be rapidly and efficiently produced and isolated from plant leaves and closely resemble a virus, allowing them to be recognized readily by the immune system, yet they are completely non-infectious and unable to replicate, making for a very safe vaccine.”
As I mentioned earlier, local web advertising will double within three years.
Andrew Shotland wonders aloud on what great local web search tools have yet to be perfected. These include:
1) Changing your business’s Facebook page name on the fly
2) Keyword estimator drilled down to local
3) Twitter deals locally
4) Local Google maps analytics
5) Competitive citation checker
6) Craigslist tools that keep posts fresh and spam free
7) Centroid (geometric center) ranker
8 ) Ability to block lead generators from selling leads through organic means
9) “Pitch to me” opt-in list
10) Fake address obliterator
“Oversee owns over 950,000 domain names making it one of the largest owners of Internet Real Estate in the world.”
Holy smokes.
“State Auto Financial Corp. late this afternoon announced plans to sell State Auto National, its non-standard auto-insurance subsidiary.
The prospective buyer is Hallmark Insurance Co. of Fort Worth, Texas.”
“Royal Bank of Canada, the country’s worst-performing bank stock this year, has approached potential buyers for a U.S. insurance unit it acquired for $650 million a decade ago, said people with knowledge of the matter.
Goldman Sachs Group Inc. has been soliciting buyers for Liberty Life Insurance Co. on behalf of Canada’s biggest bank for several months, said the people, speaking on condition of anonymity because the talks are private. The business is likely to fetch less than $1 billion in a sale, they said.”
Interns are chatty, gossip, excitable, understand their weaknesses and like to take chances.
386 visits/day, last 7 days.
