CEO Wayne Peacock received $4.8 million last year, the San Antonio company reported. That’s still less than the compensation of his predecessor.
President and CEO Wayne Peacock received $4.8 million in total compensation from five USAA insurance companies last year. That was up 157 percent from $1.9 million in 2021, according to figuresBut it’s still slightly less than the nearly $4.9 millionOn ExpressNews.com:USAA does not disclose total compensation for its executives because it is a private company, but Nebraska requires insurers who do business in the state to report such pay.
“Recruiting top, diverse talent at USAA allows us to provide members with highly competitive products and exceptional service they expect and deserve,” the company said in a statement. “Diverse talent helps us meet our mission to empower the financial security of the military community and their families.”
Brandon Carter, President of USAA Life Insurance Co., received $1.8 million last year, up from $1.2 million in 2021. Jason Witty was named chief security officer and senior vice president early last year, joining USAA from J.P. Morgan Chase, and he pulled in $2 million. “Compensation for executives, which includes base and incentive pay, can vary based on performance, market conditions and other factors,” USAA said.
In private passenger auto insurance sales in Texas in 2021, United Services Automobile Association ranked seventh, USAA Casualty Insurance Co. ranked eighth, USAA General Indemnity Co. ranked 11th and Garrison Property and Casualty Insurance Co. ranked 13th.USAA has not reported its financial performance for 2022.
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