Chief Executive Officer Salary at Farmers Union Mutual Insurance Co BETA

How much does a Farmers Union Mutual Insurance Co Chief Executive Officer make?

As of March 2025, the average annual salary for a Chief Executive Officer at Farmers Union Mutual Insurance Co is $698,359, which translates to approximately $336 per hour. Salaries for Chief Executive Officer at Farmers Union Mutual Insurance Co typically range from $534,526 to $880,356, reflecting the diverse roles within the company.

It's essential to understand that salaries can vary significantly based on factors such as geographic location, departmental budget, and individual qualifications. Key determinants include years of experience, specific skill sets, educational background, and relevant certifications. For a more tailored salary estimate, consider these variables when evaluating compensation for this role.

DISCLAIMER: The salary range presented here is an estimation that has been derived from our proprietary algorithm. It should be noted that this range does not originate from the company's factual payroll records or survey data.

Farmers Union Mutual Insurance Co Overview

Website:
fumico.net
Size:
<25 Employees
Revenue:
$10M - $50M
Industry:
Insurance

Farmers Union Mutual Insurance Company (FUMICO) is the largest domiciled property and casualty insurance company in Montana, writing business in Montana since 1915. FUMICO, rated A - (excellent) by AM Best, is one of the largest writers of farm and ranch business and a major writer of homeowners and commercial insurance in the state. FUMICO has approximately 60 agents located in the rural communities of Montana.

See similar companies related to Farmers Union Mutual Insurance Co

What Skills Does a person Need at Farmers Union Mutual Insurance Co?

At Farmers Union Mutual Insurance Co, specify the abilities and skills that a person needs in order to carry out the specified job duties. Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.

  1. Leadership: Knowledge of and ability to employ effective strategies that motivate and guide other members within our business to achieve optimum results.
  2. Planning: An act or process of making or carrying out plans. Establishment of goals, policies, and procedures for a social or economic unit city planning business planning.
  3. Initiative: Taking decisive action and initiating plans independently to address problems, improve professional life, and achieve goals.
  4. Analysis: Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.
  5. Futures: Futures are derivative financial contracts obligating the buyer to purchase an asset or the seller to sell an asset at a predetermined future date and set price.

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Check more jobs information at Farmers Union Mutual Insurance Co

Job Title Average Farmers Union Mutual Insurance Co Salary Hourly Rate
2 Commercial Lines Underwriter $53,789 $26
3 Vice President, Claims $177,088 $85
4 President & Chief Executive Officer $623,159 $300
5 Programmer III $85,977 $41
6 Accountant $66,415 $32
7 Director, Production $117,046 $56
8 Assistant Vice President of Underwriting $53,789 $26
9 Claims Representative $34,707 $17

Hourly Pay at Farmers Union Mutual Insurance Co

The average hourly pay at Farmers Union Mutual Insurance Co for a Chief Executive Officer is $336 per hour. The location, department, and job description all have an impact on the typical compensation for Farmers Union Mutual Insurance Co positions. The pay range and total remuneration for the job title are shown in the table below. Farmers Union Mutual Insurance Co may pay a varying wage for a given position based on experience, talents, and education.
How accurate does $698,359 look to you?

FAQ about Salary and Jobs at Farmers Union Mutual Insurance Co

1. How much does Farmers Union Mutual Insurance Co pay per hour?
The average hourly pay is $336. The salary for each employee depends on several factors, including the level of experience, work performance, certifications and skills.
2. What is the highest salary at Farmers Union Mutual Insurance Co?
According to the data, the highest approximate salary is about $880,356 per year. Salaries are usually determined by comparing other employees’ salaries in similar positions in the same region and industry.
3. What is the lowest pay at Farmers Union Mutual Insurance Co?
According to the data, the lowest estimated salary is about $534,526 per year. Pay levels are mainly influenced by market forces, supply and demand, and social structures.
4. What steps can an employee take to increase their salary?
There are various ways to increase the wage. Level of education: An employee may receive a higher salary and get a promotion if they obtain advanced degrees. Experience in management: an employee with supervisory experience can increase the likelihood to earn more.