CEO Compensation at Insurance Companies

Forbes.com lists the compensation packages for the chief executive officers of the 500 largest companies in the United States.

Making the list for 2005 at #41 is Edward Liddy of Allstate Insurance. He is listed as making $26.721 million.

At #154 on the list is Glenn Renwick of Progressive at $8.701 million.

Way down the listing at scandal-plagued American International Group (AIG) is Martin Sullivan, #410, at $2.132 million.

Forbes.com also lists Warren Buffet, CEO of Berkshire Hathaway, which owns GEICO Auto Insurance, as having total compensation of $100,000 but total net worth of $41.325 billion.

Forbes.com does not list the compensation for State Farm's CEO Ed Rust Jr., but estimates put that figure at around $4 million.

Bonus: Also on the list, at #172, is retired PPG Industries CEO Raymond LeBoeuf. His compensation is listed as $7.522 million.

According to the website, the heads of America's 500 biggest companies received an aggregate 54 percent pay raise last year. As a group, their total compensation amounted to $5.1 billion, versus $3.3 billion in fiscal 2003.


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