CHESAPEAKE EMPLOYERS' INSURANCE COMPANY WAS ESTABLISHED BY STATUTE TO BE THE WORKERS' COMPENSATION INSURER OF LAST RESORT AS WELL AS A COMPETITIVE INSURER IN THE STATE OF MARYLAND.
Executive compensation, broken down
Form 990 · Part VII & Schedule J · 17 reported individuals · Filing year 2022
Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.
- Base
- $325k
- Bonus
- $78k
- Other
- $2k
- Benefits
- —
- Base
- $244k
- Bonus
- $90k
- Other
- $6k
- Benefits
- $21k
- Base
- $204k
- Bonus
- $8k
- Other
- $3k
- Benefits
- —
- Base
- $139k
- Bonus
- $6k
- Other
- $8k
- Benefits
- $9k
- Base
- $132k
- Bonus
- $6k
- Other
- $7k
- Benefits
- $9k
- Base
- $139k
- Bonus
- $6k
- Other
- $4k
- Benefits
- —
- Base
- $124k
- Bonus
- $6k
- Other
- —
- Benefits
- $17k
| Position | Base | Bonus | Other | Benefits | Total |
|---|---|---|---|---|---|
Chief Executive Officer Above 90th percentile | $325k | $78k | $2k | — | $417k $476k |
Chief Results Officer Key Employee 75th to 90th percentile | $244k | $90k | $6k | $21k | $373k $425k |
President 75th to 90th percentile | $204k | $8k | $3k | — | $228k $260k |
Chief Financial Officer Median to 75th percentile | $139k | $6k | $8k | $9k | $169k $193k |
Chief Legal Officer Officer (Unspecified) | $132k | $6k | $7k | $9k | $162k $185k |
Chief Administrative Officer Highest Compensated Employee 25th percentile to median | $139k | $6k | $4k | — | $159k $181k |
Chief Investment Officer Highest Compensated Employee 25th percentile to median | $124k | $6k | — | $17k | $157k $179k |
Medical Consultant Highest Compensated Employee 10th to 25th percentile | — | — | — | — | $127k $145k |
Board Chair 25th percentile to median | — | — | — | — | $23k $27k |
Director Board Member Median to 75th percentile | — | — | — | — | $23k $26k |
Director (to Jun '22) Board Member Median to 75th percentile | — | — | — | — | $23k $26k |
Director Board Member Median to 75th percentile | — | — | — | — | $22k $25k |
Director Board Member Median to 75th percentile | — | — | — | — | $21k $24k |
Director Board Member Median to 75th percentile | — | — | — | — | $21k $24k |
Director Board Member Median to 75th percentile | — | — | — | — | $21k $24k |
Vice Chair Board Vice Chair Median to 75th percentile | — | — | — | — | $21k $24k |
Director Board Member 25th percentile to median | — | — | — | — | $10k $12k |
Teal figures restate each filed amount in 2026 dollars.
Estimated with Baltimore-Columbia-Towson, MD metro-area CPI-U, restating filed pay into April 2026 dollars. A restatement of past pay, not current or projected pay.
Plus 1 unpaid individual.
Common questions about CHESAPEAKE EMPLOYERS' INSURANCE COMPANY
What does the Chief Executive Officer of CHESAPEAKE EMPLOYERS' INSURANCE COMPANY earn?
In 2022, the Chief Executive Officer of CHESAPEAKE EMPLOYERS' INSURANCE COMPANY received $417,360 in total compensation. This pay is in the top 10% for Chief Executive Officer roles among nonprofits nationwide, across all sectors: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.
How does Chief Executive Officer pay at CHESAPEAKE EMPLOYERS' INSURANCE COMPANY compare with similar nonprofits?
Compared with the same role at nonprofits nationwide, across all sectors, the 2022 pay of the Chief Executive Officer at CHESAPEAKE EMPLOYERS' INSURANCE COMPANY falls in the top 10%.
What are CHESAPEAKE EMPLOYERS' INSURANCE COMPANY's revenue and expenses?
In 2022, CHESAPEAKE EMPLOYERS' INSURANCE COMPANY reported $134.9M in total revenue and $101.2M in total expenses on its IRS Form 990.
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