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Filing year 2024

NATIONAL ASSOCIATION OF MUTUAL INSURANCE COMPANIES INC

Indianapolis, Indiana·EIN 35-0539460·6
Total revenue
$24.4M
Total assets
$25.1M
Total expenses
$25.9M
Reported officers
33
Mission

NAMIC ORGANIZES AND LEADS ASSOCIATION MEMBER EFFORTS TO IMPROVE THE HEALTH AND PERFORMANCE OF THE PROPERTY CASUALTY INSURANCE THROUGH ITS GOVERNMENT AFFAIRS (ADVOCACY, LOBBYING, ISSUE MANAGEMENT, PUBLIC AFFAIRS, AND FEDERAL AND STATE GRASSROOTS EFFORTS INCLUDING POLITICAL ACTION); EDUCATION/CERTIFICATION (BOARD, EXECUTIVE, MANAGEMENT; TECHNICAL); AND INSURANCE BUSINESS SUPPORT SERVICES (PROFESSIONAL LIABILITY INSURANCE, COMPLIANCE, AND EMPLOYEE BENEFIT PROGRAMS). NAMIC'S EFFORTS ARE DIRECTED THROUGH ITS 501(C)6 PARENT ORGANIZATION AND WITHIN RELATED SUBSIDIARIES AND OTHER ENTITIES AS DESCRIBED HEREIN.

Executive compensation, broken down

Form 990 · Schedule J · 11 reported individuals · Filing year 2024

$872k
$938k
Base
$468k
Bonus
$299k
Other
$33k
Benefits
$33k
SVP - Federa
senior vice president
$678k
$730k
Base
$407k
Bonus
$139k
Other
$41k
Benefits
$24k
SVP - State
senior vice president
$437k
$470k
Base
$288k
Bonus
$96k
Other
$3k
Benefits
$26k
SVP - Member
senior vice president
$428k
$460k
Base
$285k
Bonus
$94k
Other
$3k
Benefits
$24k
SVP - Events
senior vice president
$347k
$373k
Base
$232k
Bonus
$75k
Other
$3k
Benefits
$9k
Former CSO
officer (unspecified)
$258k
$277k
Base
$15k
Bonus
$98k
Other
$132k
Benefits
$6k
General Coun
highest compensated employee
$255k
$275k
Base
$235k
Bonus
Other
$5k
Benefits
$696
General Coun
highest compensated employee
$243k
$261k
Base
$156k
Bonus
$46k
Other
$3k
Benefits
$20k
Chief of Sta
officer (unspecified)
$157k
$169k
Base
$77k
Bonus
$28k
Other
$17k
Benefits
$24k
Base
$89k
Bonus
Other
$3k
Benefits
$15k
$29k
$32k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 22 unpaid individuals.

Up 8%
from 2023

From $804k in 2023 to $872k in 2024.

$804k
2023
$872k
2024
In today's dollarsEst.
Up 6% in real terms$888k to $938k

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

NATIONAL ASSOCIATION OF MUTUAL INSURANCE COMPANIES INC reported revenue and expenses across 2 filing years.

RevenueExpenses
$22.6M
$22.1M
2023
$24.4M
$25.9M
2024
Total revenue and total expenses from IRS Form 990 filings.
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