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Filing year 2022

CHESAPEAKE EMPLOYERS' INSURANCE COMPANY

Towson, Maryland·EIN 46-1056754·501(c)(27)
Total revenue
$134.9M
Total assets
$0
Total expenses
$101.2M
Reported officers
18
Mission

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.

Chief Executive Officer
Above 90th percentile
$417k
$476k
Base
$325k
Bonus
$78k
Other
$2k
Benefits
Chief Results Officer
Key Employee
75th to 90th percentile
$373k
$425k
Base
$244k
Bonus
$90k
Other
$6k
Benefits
$21k
President
75th to 90th percentile
$228k
$260k
Base
$204k
Bonus
$8k
Other
$3k
Benefits
Chief Financial Officer
Median to 75th percentile
$169k
$193k
Base
$139k
Bonus
$6k
Other
$8k
Benefits
$9k
Chief Legal Officer
Officer (Unspecified)
$162k
$185k
Base
$132k
Bonus
$6k
Other
$7k
Benefits
$9k
Chief Administrative Officer
Highest Compensated Employee
25th percentile to median
$159k
$181k
Base
$139k
Bonus
$6k
Other
$4k
Benefits
Chief Investment Officer
Highest Compensated Employee
25th percentile to median
$157k
$179k
Base
$124k
Bonus
$6k
Other
Benefits
$17k
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.

FAQ

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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