IN 1969, THE NORTH CAROLINA GENERAL ASSEMBLY ESTABLISHED THE ASSOCIATION AS A MARKET OF LAST RESORT TO PROVIDE PROPERTY INSURANCE FOR INDIVIDUALS AND BUSINESSES WHO ARE UNABLE TO BUY IT IN THE STANDARD INSURANCE MARKET. ALL PROPERTY AND CASUALTY INSURANCE COMPANIES DOING BUSINESS IN NORTH CAROLINA ARE REQUIRED BY STATUTE TO PARTICIPATE IN FUNDING THE OPERATIONS OF THE ASSOCIATION, AND THEY SHARE IN ITS LOSSES ON PRO RATA BASIS. THE ASSOCIATION IS NOT AN AGENCY OF THE STATE GOVERNMENT, BUT ITS REGULATED BY THE NORTH CAROLINA COMMISSIONER OF INSURANCE.
Executive compensation, broken down
Form 990 · Part VII & Schedule J · 11 reported individuals · Filing year 2024
Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.
- Base
- $497k
- Bonus
- $70k
- Other
- $1k
- Benefits
- $25k
- Base
- $353k
- Bonus
- $68k
- Other
- $2k
- Benefits
- $30k
- Base
- $273k
- Bonus
- $46k
- Other
- $1k
- Benefits
- $32k
- Base
- $237k
- Bonus
- $45k
- Other
- $1k
- Benefits
- $31k
- Base
- $232k
- Bonus
- $45k
- Other
- $2k
- Benefits
- $15k
- Base
- $229k
- Bonus
- $30k
- Other
- $2k
- Benefits
- $25k
- Base
- $212k
- Bonus
- $34k
- Other
- $1k
- Benefits
- $15k
- Base
- $185k
- Bonus
- $44k
- Other
- $1k
- Benefits
- $24k
- Base
- $181k
- Bonus
- $29k
- Other
- $1k
- Benefits
- $30k
- Base
- $144k
- Bonus
- $24k
- Other
- $21k
- Benefits
- $41k
- Base
- $154k
- Bonus
- $18k
- Other
- $19k
- Benefits
- $803
| Position | Base | Bonus | Other | Benefits | Total |
|---|---|---|---|---|---|
Chief Executive Officer Above 90th percentile | $497k | $70k | $1k | $25k | $614k $652k |
Chief Operating Officer Above 90th percentile | $353k | $68k | $2k | $30k | $473k $502k |
Chief Claims Officer Key Employee 75th to 90th percentile | $273k | $46k | $1k | $32k | $370k $392k |
Chief Information Officer 75th to 90th percentile | $237k | $45k | $1k | $31k | $331k $351k |
Chief Human Resources Officer Key Employee 75th to 90th percentile | $232k | $45k | $2k | $15k | $311k $330k |
Director of IT Chief Information Officer 75th to 90th percentile | $229k | $30k | $2k | $25k | $300k $318k |
Director of Claims Highest Compensated Employee 75th to 90th percentile | $212k | $34k | $1k | $15k | $274k $290k |
Chief Financial Officer 75th to 90th percentile | $185k | $44k | $1k | $24k | $269k $285k |
Director of Underwriting Highest Compensated Employee 75th to 90th percentile | $181k | $29k | $1k | $30k | $250k $265k |
Claims Manager Highest Compensated Employee Median to 75th percentile | $144k | $24k | $21k | $41k | $232k $246k |
Claims Manager Highest Compensated Employee Median to 75th percentile | $154k | $18k | $19k | $803 | $203k $216k |
Teal figures restate each filed amount in 2026 dollars.
Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Plus 16 unpaid individuals.
Up 9%
from 2023
From $563k in 2023 to $614k in 2024.
Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Chief Executive Officer pay rose 9% from 2023 to 2024, while revenue rose 41%.
- Chief Operating Officer pay rose 11% from 2023 to 2024.
- Key Employee pay rose 14% 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
NORTH CAROLINA JOINT UNDERWRITING ASSOCIATION reported revenue and expenses across 2 filing years.
Common questions about NORTH CAROLINA JOINT UNDERWRITING ASSOCIATION
What does the Chief Executive Officer of NORTH CAROLINA JOINT UNDERWRITING ASSOCIATION earn?
In 2024, the Chief Executive Officer of NORTH CAROLINA JOINT UNDERWRITING ASSOCIATION received $614,392 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 NORTH CAROLINA JOINT UNDERWRITING 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 NORTH CAROLINA JOINT UNDERWRITING ASSOCIATION falls in the top 10%.
What are NORTH CAROLINA JOINT UNDERWRITING ASSOCIATION's revenue and expenses?
In 2024, NORTH CAROLINA JOINT UNDERWRITING ASSOCIATION reported $232.8M in total revenue and $234.1M in total expenses on its IRS Form 990.
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