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Summit Reinsurance Services Salary

Summit Reinsurance Services Salary

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As of October 2026, the average annual salary for employees at Summit Reinsurance Services in the United States is $92,865. This translates to an approximate hourly wage of $45. Salaries at Summit Reinsurance Services typically range from $81,647 to $105,111 annually, reflecting the diverse roles and experience levels within the company.
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Is Summit Reinsurance Services’s Pay Competitive? Salary Benchmarking Analysis

How does Summit Reinsurance Services's compensation stack up against the industry and its key competitors? Our salary benchmarking analysis provides a clear comparison. The chart below visualizes this comparison alongside select peer companies.
Competitor / Benchmark Avg. Salary Variance Primary Market Influence Factor & Explanation
HMK Insurance Agency $100,016
+7.7%
Reflects structural premiums typical of HMK Insurance Agency's large-cap national operations.
American Life Insurance Co $101,145
+8.9%
Data suggests American Life Insurance Co's workforce skews heavily towards veteran, high-tenure roles.
Pension and Employee Benefits Commission $112,927
+21.6%
Influenced by prevailing union wage agreements specific to Pension and Employee Benefits Commission's sector.
Norbram Group Insurance Benefits Inc $100,016
+7.7%
Adjusted for higher cost-of-living indices in Norbram Group Insurance Benefits Inc's primary metro hubs.
Insurance Industry $123,858
+33.4%
Pay variances are driven by organizational scale, specialized skill requirements, or geographic cost-of-living factors.
Need More Granular Data? The analysis above provides a high-level market overview. To benchmark specific job codes, adjust for real-time cost-of-living changes, or access verified HR-reported datasets, upgrade to Salary.com for Business. Precision matters when building your compensation strategy.

How Summit Reinsurance Services's Salaries Compare to Similar Companies?

Explore companies in the same industry to compare average salaries, benefits, and career opportunities with those at Summit Reinsurance Services. Click a company name to learn more.

Employee Reviews: Working at Summit Reinsurance Services

Considering a career at Summit Reinsurance Services? Explore authentic employee reviews to learn about the work environment, career growth opportunities, pay transparency and benefits. These first-hand insights can help you set realistic compensation expectations and make informed career decisions.
The 401(k) match is a nice perk, and health benefits are comprehensive. The workload is balanced, with occasional peaks. Work-life balance is respected, and the office environment is comfortable. I’ve grown significantly since joining this company. Management is competent, though not overly innovative.
Commented in May 23, 2025
12
0
Career growth opportunities are plentiful, and management is supportive. The company’s commitment to employee development is impressive. Work-life balance is respected, and the benefits package is robust. Compensation is fair, and bonuses are achievable. It’s a reliable employer for insurance professionals. Processes here are well-structured, making daily tasks straightforward. Benefits, including...
Commented in September 08, 2024
33
3
Team collaboration is strong, making problem-solving efficient. A dependable place for steady employment. My experience here has been steady and predictable. The insurance sector is challenging, but the team is knowledgeable and helpful.
Commented in March 07, 2024
35
3

Summit Reinsurance Services Overview

Website
www.summit-re.com
Founded In
1999
Employees
50 - 100 employees
Industry
Insurance
Headquarter Address
6920 Pointe Inverness Way Fort Wayne Indiana IN 46804
Revenue
$50 Million - $200 Million
Phone Number
+1 2604073977
Social Media
About Summit Reinsurance Services
Summit Reinsurance Services is a managing general underwriter and reinsurance advisor, working with health insurers, managed care plans, provider groups, and self-funded employers throughout the United States. Summit Re helps clients analyze, manage, and transfer risk to help protect their financial stability. As consultants and advisors, Summit works with its clients to formulate and implement ne

What Benefits Does Summit Reinsurance Services Offer Beyond Salary?

A competitive compensation package is more than just a salary. Summit Reinsurance Services offers a comprehensive benefits package designed to support your health, financial future, and overall well-being. Below are the most common key benefits:
Social Security
401(K)
Disability
Healthcare
Pension
Time Off (days)
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What Is the Cost of Living Near Fort Wayne?

Understanding the cost of living near Fort Wayne is key to truly evaluating a salary offer or your current compensation at Summit Reinsurance Services.
Fort Wayne's Cost of Living Index is approximately 77.2 (22.8% less expensive than US average; 14.8% less than IN average). NE IN city, very affordable housing. Citilink. When planning your budget based on a salary from Summit Reinsurance Services, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $750 - $1,150+ A significant portion of Summit Reinsurance Services salary. Location choices impact this heavily.
Utilities (Basic) $150 - $240 Electricity, Heating, Cooling, Water etc.
Public Transportation $40 (Citilink monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $360 - $530 Can be higher with more dining out or specialty stores.
Personal & Leisure $280 - $550+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $340 - $630+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $1,920 - $3,100+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Summit Reinsurance Services

1. What is the typical salary range (low to high) for most roles at Summit Reinsurance Services?

The typical annual salary range for most roles at Summit Reinsurance Services is approximately from $81,647 to $105,111. It's important to remember that these are overall averages, actual salaries vary significantly based on specific job titles, years of experience, skills, and location.

2. How much does Summit Reinsurance Services pay compared to HMK Insurance Agency?

The average annual salary at Summit Reinsurance Services is $92,865, or an hourly wage of $45, in comparison to HMK Insurance Agency which pays $100,016 per year or $48 per hour.

3. Do salaries differ significantly between departments at Summit Reinsurance Services?

Yes, salaries often differ between departments at Summit Reinsurance Services due to varying market demand for specific skill sets and the nature of the roles. For example, technical roles in Engineering or IT may command different salary ranges compared to roles in Marketing or Human Resources.

4. How does experience level affect salary at Summit Reinsurance Services?

Experience level is a significant factor in determining salary at Summit Reinsurance Services, as it is with most employers. Generally, employees with more years of relevant experience and a proven track record can command higher salaries. For example, a senior-level role will typically have a higher pay band than an entry-level or mid-career position within the same job family.

5. How can I determine if a salary offer from Summit Reinsurance Services in Fort Wayne is fair given the local cost of living?

To determine if a salary offer from Summit Reinsurance Services in Fort Wayne is fair, first compare the gross salary to our data for similar roles at Summit Reinsurance Services and its competitors (see our similar company salaries section) . Then, critically, use our "Cost of Living Insights for Fort Wayne" to understand its purchasing power.

6. Why might an individual's actual salary at Summit Reinsurance Services differ from the ranges shown here?

An individual's actual salary at Summit Reinsurance Services can differ from our estimated ranges due to various factors. These include their specific years of experience in the role, unique skills or certifications, educational background, performance record, the specific team or department they join, negotiation outcomes, and even the precise timing of when they were hired relative to market fluctuations. Our ranges represent typical compensation.

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