THE MICHIGAN PROPERTY AND CASUALTY GUARANTY ASSOCIATION ("MPCGA") IS AN UNINCORPORATED ASSOCIATION OF ALL PROPERTY AND CASUALTY INSURERS AUTHORIZED TO TRANSACT INSURANCE IN MICHIGAN. MPCGA WAS CREATED BY AN ACT OF THE MICHIGAN LEGISLATURE, MCL 500.7901 ET SEQ., IN ORDER TO PROTECT THE PUBLIC AGAINST FINANCIAL LOSSES TO POLICYHOLDERS AND CLAIMANTS AS A RESULT OF PROPERTY AND CASUALTY INSURANCE COMPANY INSOLVENCIES. WHEN A MEMBER INSURER BECOMES INSOLVENT, MPCGA HAS A DUTY TO PAY CERTAIN OBLIGATIONS OF THE INSOLVENT INSURER THAT COME WITHIN THE ACT'S DEFINITION OF COVERED CLAIMS. MPCGA DOES NOT HANDLE CLAIMS ARISING OUT OF LIFE OR DISABILITY INSURANCE OR ANNUITY CONTRACTS.
Executive compensation, broken down
Form 990 · Part VII & Schedule J · 5 reported individuals · Filing year 2024
Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.
- Base
- $231k
- Bonus
- —
- Other
- —
- Benefits
- $30k
- Base
- $185k
- Bonus
- —
- Other
- —
- Benefits
- $24k
- Base
- $141k
- Bonus
- —
- Other
- —
- Benefits
- $26k
- Base
- $124k
- Bonus
- —
- Other
- —
- Benefits
- $26k
| Position | Base | Bonus | Other | Benefits | Total |
|---|---|---|---|---|---|
Executive Director 75th to 90th percentile | $231k | — | — | $30k | $272k $287k |
Director of Finance and Admin. 75th to 90th percentile | $185k | — | — | $24k | $219k $231k |
Claims Manager Highest Compensated Employee Median to 75th percentile | $141k | — | — | $26k | $175k $184k |
Accounting Manager Median to 75th percentile | $124k | — | — | $26k | $156k $165k |
Senior Claims Adjuster Highest Compensated Employee 25th percentile to median | — | — | — | — | $130k $138k |
Teal figures restate each filed amount in 2026 dollars.
Estimated with Detroit-Warren-Dearborn, MI metro-area CPI-U, restating filed pay into April 2026 dollars. A restatement of past pay, not current or projected pay.
Plus 7 unpaid individuals.
Up 4%
from 2023
From $262k in 2023 to $272k in 2024.
Estimated with Detroit-Warren-Dearborn, MI metro-area CPI-U, restating filed pay into April 2026 dollars. A restatement of past pay, not current or projected pay.
Chief Executive Officer pay rose 4% from 2023 to 2024, while revenue rose 30%.
- Chief Financial Officer pay rose 2% from 2023 to 2024.
- Highest Compensated Employee pay rose 6% from 2023 to 2024.
Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.
Revenue and expenses over time
MICHIGAN PROPERTY AND CASUALTY GUARANTY ASSOCIATION reported revenue and expenses across 2 filing years.
Common questions about MICHIGAN PROPERTY AND CASUALTY GUARANTY ASSOCIATION
What does the Chief Executive Officer of MICHIGAN PROPERTY AND CASUALTY GUARANTY ASSOCIATION earn?
In 2024, the Chief Executive Officer of MICHIGAN PROPERTY AND CASUALTY GUARANTY ASSOCIATION received $272,023 in total compensation. This pay is in the top quarter for Chief Executive Officer roles among nonprofits nationwide, across all sectors, though not the top 10% of comparable filings. Based on IRS Form 990 data.
How does Chief Executive Officer pay at MICHIGAN PROPERTY AND CASUALTY GUARANTY ASSOCIATION compare with similar nonprofits?
Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Chief Executive Officer at MICHIGAN PROPERTY AND CASUALTY GUARANTY ASSOCIATION falls between the 75th and 90th percentiles.
What are MICHIGAN PROPERTY AND CASUALTY GUARANTY ASSOCIATION's revenue and expenses?
In 2024, MICHIGAN PROPERTY AND CASUALTY GUARANTY ASSOCIATION reported $14.7M in total revenue and $21M in total expenses on its IRS Form 990.
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