How much does Michael tipsord make?
How much does Michael tipsord make?
Michael Tipsord, chairman, president and CEO of State Farm, received total compensation of $20,266,505.62 last year, according to a report by The Pantagraph. That includes a $2,147,076.91 base salary and an $18,081,900 incentive-based bonus. It’s a 65% hike from his 2019 compensation.
How old is Michael tipsord State Farm?
62 years (June 20, 1959)
Michael L. Tipsord/Age
When did Michael tipsord become CEO of State Farm?
September 2015
On the heels of Rust Jr.’s retirement, Michael Tipsord was named chief executive officer in September 2015 and president earlier the same year. He was elected chairman of the board of State Farm Mutual Automobile Insurance Company in June 2016.
Who is the CEO for State Farm?
Michael L. Tipsord (Sep 2015–)
State Farm/CEO
What is the average salary of a State Farm agent?
State Farm Agent Team Member Salary
| Annual Salary | Monthly Pay | |
|---|---|---|
| Top Earners | $42,000 | $3,500 |
| 75th Percentile | $35,000 | $2,916 |
| Average | $32,291 | $2,690 |
| 25th Percentile | $27,500 | $2,291 |
Who is State Farm owned by?
the big Mutual
State Farm General is 100% owned by the big Mutual, the administrative judge pointed out. It’s also headquartered in Bloomington, and managed entirely by Mutual employees, who also comprise its board of directors. General, in fact, has no employees of its own.
What is state farms net worth?
$126.1 billion
The net worth for the State Farm group ended the year at $126.1 billion compared with $116.2 billion at year-end 2019.
What is State Farm known for?
State Farm® Story State Farm, well known for being a “good neighbor” by “being there” for our customers, was founded in 1922 by retired farmer and insurance salesman George Jacob “G.J.” Mecherle. We now insure more cars and homes than any other insurer in the U.S. A mutual company, we are focused on our policyholders.
Who has highest salary in the world?
The Top 6 Highest Paying Jobs in the World
- Chief Executive Officer (CEO)
- General Surgeon.
- Senior Software Engineer.
- Investment Banker.
- Data Scientist.
- IT Systems Manager.
What is Amazon CEO salary?
His annual salary from Amazon in 2020 was $81,840, which qualifies as a middle-income wage in his home state of California. In 2020, he took no bonuses, stocks or options, however, he earned $1,600,000 from “other types of compensation,” according to the website Salary.com.
Is state Farm a private company?
State Farm is a private company that has been handling insurance claims since 1922. During that time, it has grown to offer a myriad of additional financial products, such as loans, banking and retirement accounts, investment accounts and estate planning.
Who owns State Farm?
The State Farm Insurance Company is actually a family of property, casualty and life insurance companies doing business throughout the United States and Canada. State Farm is a mutual company, which means that the company is owned collectively by State Farm policyholders, and not by shareholders.
Who are the executive officers of State Farm?
Michael L. Tipsord is Chairman, President and Chief Executive Officer of State Farm Mutual Automobile Insurance Company. State Farm® and its affiliates are the largest providers of auto, home and individual life insurance in the United States.
What is state farm mutual?
State Farm is a mutual company, which means that the company is owned collectively by State Farm policyholders, and not by shareholders.