CEO Wayne Peacock was one of nearly two dozen executives at USAA whose insurance-related salaries were disclosed in filings with the Nebraska Department of Insurance, as annually required.
Scott Ball / San Antonio Report
USAA’s insurance divisions, which are structured as separate companies, paid a total of roughly $24.5 million to the executives,from 2020, which was his first year at the top post. Peacock, the former president of USAA Property and Casualty Insurance Group, was named CEO in January 2020. Peacock’s total compensation from USAA is likely higher, as the figures the company reports to Nebraska do not include salaries from its banking and investment divisions, which represent a smaller but still significant portion of the financial giant’s revenue stream.
Peacock, who sits over all of USAA’s divisions and not just its insurance-related ones, was the USAA insurance divisions’ third-highest paid executive. The top distinction belongs to James Dale Syring, president of USAA Property and Casualty Insurance Group, who was paid around $3.7 million by the divisions.
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