Executive Salaries of Insurance Companies
Jul 27, 2009 — KZeese

NAME, TITLE, COMPANY ANNUAL COMPENSATION

H. Edward Hanway, Chair/CEO, Cigna Corp., $30.16 million

Ronald A. Williams, Chair/CEO, Aetna Inc., $23,045,834 (2007)

David B. Snow, Jr, Chair/CEO, Medco Health, $21.76 million

Dale B. Wolf, CEO, Coventry Health Care, $20.86 million

Michael B. MCallister, CEO, Humana Inc., $20.06 million

Jay M. Gellert, President/CEO, Health Net, $16.65 million

Stephen J. Hemsley, CEO, UnitedHealth Group, $13,164,529 (2007)

Raymond McCaskey, CEO, Health Care Service Corp., (Blue Cross Blue Shield), $10.3 million (in 2007; up 78% from 2006)

Angela F. Braly, President/CEO, Wellpoint, $9,094,771

Michael F. Neidorff, CEO, Centene Corp., $8,750,751 (2007)

Todd S. Farha, CEO, WellCare Health Plans, $5,270,825 (2006)

Cleve Killingsworth, Pres/CEO, Blue Cross Blue Shield of Massachusetts, $3.6 million (2007)

William C. Van Faasen, Chairman, Blue Cross Blue Shield of Massachusetts, $3 million plus $16.4 million in retirement benefits

Daniel Loepp, CEO, Blue Cross Blue Shield of Michigan, $1,657,555 (2006)

Charlie Baker, President/CEO, Harvard Pilgrim Health Care, $1.5 million (2006)

James Roosevelt, Jr., CEO, Tufts Associated Health Plans, $1.3 million (2006)

Daniel P. McCartney, CEO, Healthcare Services Group, Inc., $ 1,061,513 (2007)

Sources:

1. Special Report: CEO Compensation, Forbes.com, April 30, 2008: http://www.forbes.com/2008/04/30/ceo-paycompensation-lead-bestbosses08-c...

2. Executive PayWatch Database, AFL-CIO http://www.aflcio.org/corporatewatch/paywatch/ceou/database.cfm#H

3. The Chicago Business Journal, April 5, 2008: http://www.chicagobusiness.com/cgi-bin/news.pl?id=28855&seenIt=1

4. Equilar, a Redwood Shores, California-based executive compensation research firm.

5. The Boston Globe, November 16, 2007 and February 12, 2009.