Despite facing a complicated insurance environment, P&C insurance CEOs are still seeing big returns for their work. However, the lofty incomes these executives enjoy are concerning to some insureds, with many wondering if their pockets are where their increasing insurance premiums have landed.
Bruce Lucas, CEO of Florida’s Slide Insurance, and his wife are some of the most recent examples of this public scrutiny. In June, a report from ABC Gulf Coast News revealed Lucas paid himself over $21 million in 2024, while his wife, who serves as Slide’s COO, was paid $16.5 million. Combined with bonuses and stock awards, ABC estimates the pair took home more than $50 million last year while insureds in the state struggled with increased premiums.
Recently, S&P Global released its annual list of the top-paid insurance CEOs for 2024, and the following executives saw the largest increases in their compensation year-over-year:
- Pareshbhai Patel, HCI Group: +461.5%
- Margaret Tooth, Trumpanion: +357%
- Nicolas Papadopoulo, Arch Capital: +347%
- Stephen Sills, Bowhead Specialty: +235.9%
- Gabriel Tirador, Mercury General: +124.5%
- Stephen Spray, Cincinnati Financial: +98.4%
- Seth Daggett, NI Holdings: +94.3%
- George Murphy, Safety Insurance: +87.5%
- Meryl Golden, Kingstone: +75.1%
- Brian Roney, Conifer Holdings: +72.9%
In the slideshow above, we’ll look at the five P&C CEOs who S&P Global determined received the highest compensation in 2024.
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