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WORKERS COMPENSATION REINSURANCE ASSOCIATION
WORKERS COMPENSATION REINSURANCE ASSOCIATION
MN · EIN 411357750
32
Executives Disclosed
$260.6M
Annual Revenue
$3754.0M
Total Assets
2.1:1
Internal Pay Ratio
WORKERS COMPENSATION REINSURANCE ASSOCIATION has 32 executives with disclosed compensation. The highest-paid executive, James Heer (PRESIDENT & CEO), received peak total compensation of $524,805.
Top Executive Compensation Over Time
Executive Compensation
| Name | Title | Peak Comp. | Latest Comp. | Years | vs. Household |
|---|---|---|---|---|---|
| James Heer | PRESIDENT & CEO | $525K | $525K | 2016–2024 | 7x |
| Cynthia Smith | VP OF OPERATIONS/CORP SECRETRY | $429K | $412K | 2016–2024 | 5.7x |
| Lynn Carroll | VP & ACTUARY (UNTIL 10/10) | $350K | $245K | 2016–2022 | 4.7x |
| Alison Khan | VP & ACTUARY | $328K | $328K | 2022–2024 | 4.4x |
| Dave McKee | VP & CFO TREASURER | $328K | $328K | 2016–2024 | 4.4x |
| Natalie Haefner | VP OF CLAIMS AND INJURY MGMT | $324K | $300K | 2016–2024 | 4.3x |
| Tony Tio | ACTUARY | $305K | $305K | 2016–2024 | 4.1x |
| Daniel Lovhaug | VP IT & SECURITY OFFICER | $245K | $245K | 2018–2024 | 3.3x |
| Ray Mularie | BUSINESS SYS ANALYST V | $196K | $196K | 2023–2024 | 2.6x |
| Pat Irestone | CIO (SEE SCHEDULE O) | $194K | $0 | 2018–2021 | 2.6x |
| Sean Nagel | ENTERPRISE ARCHITECT | $188K | $188K | 2024–2024 | 2.5x |
| Evan Cordes | LEGAL COUNSEL AS OF 2/24 | $185K | $185K | 2024–2024 | 2.5x |
| Peter Foley | MEMBERSHIP AUDIT SUPERVISOR | $158K | $158K | 2021–2024 | 2.1x |
| Sharon Monaghan | CONTROLLER | $124K | $0 | 2018–2018 | 1.7x |
| Kenneth Peterson | DIRECTOR | $14K | $0 | 2019–2024 | 0.2x |
| James Oukrop | DIRECTOR | $13K | $0 | 2016–2024 | 0.2x |
| Samuel Nolley | DIRECTOR | $12K | $0 | 2021–2024 | 0.2x |
| William McCarthy | DIRECTOR | $12K | $0 | 2016–2024 | 0.2x |
| Daniel Greensweig | DIRECTOR | $11K | $0 | 2018–2024 | 0.1x |
| Michele Spencer | DIRECTOR | $10K | $0 | 2016–2021 | 0.1x |
| Terrence Miller | DIRECTOR | $10K | $0 | 2023–2024 | 0.1x |
| Richard Long | DIRECTOR | $10K | $0 | 2021–2024 | 0.1x |
| Sheila Brown | DIRECTOR | $10K | $0 | 2020–2024 | 0.1x |
| Allison Waggoner | DIRECTOR | $10K | $0 | 2016–2024 | 0.1x |
| Stuart Henderson | DIRECTOR (UNTIL 6/21) | $9K | $0 | 2016–2021 | 0.1x |
| Edward Reynoso | DIRECTOR | $9K | $0 | 2016–2024 | 0.1x |
| Jane Jasper Krumrie | DIRECTOR (UNTIL 6/21) | $8K | $0 | 2016–2021 | 0.1x |
| David Hennes | DIRECTOR (UNTIL 6/18) | $8K | $0 | 2016–2018 | 0.1x |
| Jean MacHart | DIRECTOR | $7K | $0 | 2023–2024 | 0.1x |
| Thomas Borman | DIRECTOR (UNTIL 6/19) | $6K | $0 | 2016–2019 | 0.1x |
| Robert Lund | DIRECTOR | $6K | $0 | 2017–2017 | 0.1x |
| Gary Nelson | DIRECTOR (JANUARY - NOVEMBER) | $5K | $0 | 2016–2016 | 0.1x |
Annual Summary
| Year | Executives | Avg. Comp. | Highest Comp. | Total Payroll |
|---|---|---|---|---|
| 2016 | 16 | $234K | $312K | $1.4M |
| 2017 | 16 | $251K | $333K | $1.5M |
| 2018 | 19 | $264K | $348K | $1.6M |
| 2019 | 18 | $266K | $372K | $1.9M |
| 2020 | 18 | $276K | $378K | $1.9M |
| 2021 | 21 | $289K | $410K | $2.0M |
| 2022 | 18 | $281K | $441K | $2.2M |
| 2023 | 20 | $290K | $473K | $2.6M |
| 2024 | 22 | $288K | $525K | $3.2M |
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