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Filing year 2023

WORKERS' COMPENSATION REINSURANCE ASSOCIATION

St Paul, Minnesota·EIN 41-1357750·27
Total revenue
$188.2M
Total assets
$3.5B
Total expenses
$49.2M
Reported officers
22
Mission

THE WCRA ENSURES THE AVAILABILITY OF LONGTERM REINSURANCE PROTECTION FOR SERIOUS MINNESOTA WORKERS' COMPENSATION CLAIMS. OUR STAFF OF INNOVATIVE PROFESSIONALS IS DEDICATED TO ACHIEVING THE HIGHEST STANDARD OF EXCELLENCE THROUGH STABLE AND REASONABLE RATES, EXPERT CLAIMS ADMINISTRATION, FINANCIAL STABILITY, AND INFORMATIONAL SERVICES.

Executive compensation, broken down

Form 990 · Schedule J · 20 reported individuals · Filing year 2023

$473k
$517k
Base
$336k
Bonus
Other
$15k
Benefits
$43k
VP of Operations/corp Secretry
vice president
$429k
$468k
Base
$216k
Bonus
Other
$23k
Benefits
$34k
VP & Actuary
vice president
$303k
$331k
Base
$254k
Bonus
Other
Benefits
$27k
Actuary
highest compensated employee
$297k
$324k
Base
$205k
Bonus
Other
Benefits
$19k
VP & CFO Treasurer
$295k
$323k
Base
$205k
Bonus
Other
Benefits
$36k
VP of Claims and Injury Mgmt
vice president
$283k
$309k
Base
$164k
Bonus
Other
Benefits
$43k
VP IT & Security Officer
vice president
$203k
$222k
Base
$152k
Bonus
Other
$10k
Benefits
$22k
Business Sys Analyst V
highest compensated employee
$173k
$189k
Base
$127k
Bonus
Other
Benefits
$24k
Membership Audit Supervisor
highest compensated employee
$151k
$165k
Base
$120k
Bonus
Other
Benefits
$2k
Director
board member
$12k
$13k
Director
board member
$11k
$12k
Director
board member
$11k
$12k
Director
board member
$9k
$10k
Director
board member
$9k
$9k
Director
board member
$8k
$9k
Director
board member
$8k
$8k
Director
board member
$8k
$8k
Director
board member
$7k
$8k
Director
board member
$7k
$8k
Director (as of 03/23)
board member
$6k
$6k

Teal figures restate each filed amount in 2026 dollars.

Estimated with Minneapolis-St.Paul-Bloomington, MN-WI metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 2 unpaid individuals.

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