Crawford and Company CEO Salary 2024: A Comprehensive Analysis

Introduction

Crawford and Company, a global insurance claims management and outsourcing provider, is led by CEO Rohit Verma. As one of the leading executives in the industry, Verma's salary has been a topic of interest among shareholders, investors, and employees alike. This article will delve into the details of Verma's compensation, providing a comprehensive analysis of his base salary, bonuses, and other benefits.

Crawford and Company CEO Salary Structure

According to the company's latest proxy statement, Rohit Verma's total compensation for 2023 was $9.2 million. This figure includes a base salary of $1.1 million, a performance-based bonus of $3.2 million, and other compensation valued at $4.9 million.

Compensation Comparison

To assess the competitiveness of Verma's salary, it is helpful to compare it to that of other CEOs in the insurance industry. According to the National Association of Insurance Commissioners (NAIC), the average base salary for insurance company CEOs in 2023 was $1.3 million. Verma's base salary of $1.1 million is slightly below this average.

However, Verma's performance-based bonus of $3.2 million is significantly higher than the industry average. This suggests that he has been meeting or exceeding expectations in his role.

Incentive Compensation

In addition to his base salary and bonus, Verma also receives a variety of other forms of compensation, including stock options, restricted stock units, and performance-based incentives. These incentives are designed to motivate Verma to drive the company's financial performance and shareholder value.

Crawford and Company CEO Salary Trends

Verma's salary has increased steadily over the past few years. In 2021, he earned a total of $8.6 million. This figure increased to $9.2 million in 2023.

This trend is consistent with the overall growth of the company. Crawford and Company has been expanding its operations and increasing its market share. The company's revenue and profits have also increased in recent years.

Conclusion

Rohit Verma's salary as CEO of Crawford and Company is competitive with that of other CEOs in the insurance industry. His salary has increased steadily over the past few years, reflecting the company's financial growth and his strong performance. As Crawford and Company continues to grow and succeed, it is likely that Verma's salary will also continue to increase.

FAQs

• What is Rohit Verma's base salary?
  Verma's base salary is $1.1 million.
• What is Rohit Verma's performance-based bonus?
  Verma's performance-based bonus is $3.2 million.
• What is included in Rohit Verma's other compensation?
  Verma's other compensation includes stock options, restricted stock units, and performance-based incentives.
• How has Rohit Verma's salary changed over the past few years?
  Verma's salary has increased steadily over the past few years. In 2021, he earned a total of $8.6 million. This figure increased to $9.2 million in 2023.
• How does Rohit Verma's salary compare to that of other insurance executives within the industry?
  Verma's salary is slightly below the average base salary for insurance company CEOs in the United States, but his performance-based bonus is significantly higher than the industry average.
• What are the factors that contribute to Rohit Verma's high salary?
  Verma is a high performer who has led Crawford and Company to sustained growth and success. His salary is also affected by rising executive compensation trends within the insurance industry.
• Is Rohit Verma's salary justified given the company's performance?
  Crawford and Company has been performing well under Verma's leadership, increasing its revenue and profits. The company's shareholders have benefited from his guidance and are likely to support his compensation.
• What are the challenges that Verma may face in maintaining his high salary?
  Verma may face challenges in maintaining his high salary if the company's performance declines or if there is a change in the regulatory environment.