Patrick K. Callahan
2020
In 2020, Patrick K. Callahan earned a total compensation of $3.9M as Personal Lines President at Progressive, a 19% increase compared to previous year.
Compensation breakdown
| Non-Equity Incentive Plan | $1,628,307 |
|---|---|
| Salary | $565,384 |
| Stock Awards | $1,650,123 |
| Other | $12,000 |
| Total | $3,855,814 |
Callahan received $1.7M in stock awards, accounting for 43% of the total pay in 2020.
Callahan also received $1.6M in non-equity incentive plan, $565.4K in salary and $12K in other compensation.
Rankings
In 2020, Patrick K. Callahan's compensation ranked 2,969th out of 13,090 executives tracked by ExecPay. In other words, Callahan earned more than 77.3% of executives.
| Classification | Ranking | Percentile |
|---|---|---|
All | 2,969 out of 13,090 | 77th |
Division Finance, Insurance, And Real Estate | 509 out of 2,550 | 80th |
Major group Insurance Carriers | 101 out of 308 | 67th |
Industry group Fire, Marine, And Casualty Insurance | 44 out of 172 | 74th |
Industry Fire, Marine, and Casualty Insurance | 44 out of 172 | 74th |
Pay ratio
| Patrick K. Callahan's Pay | $3,855,814 |
|---|---|
| Median Employee's Pay | $72,368 |
| Pay Ratio | 53to 1 |
In 2020, the annual total compensation of Patrick K. Callahan was $3,855,814.
The annual total compensation of the median employee at Progressive was $72,368.
The ratio of Patrick K. Callahan's pay to the pay of median employee was therefore 53 to one.
Source: SEC filing on March 29, 2021.
Callahan's colleagues
We found four more compensation records of executives who worked with Patrick K. Callahan at Progressive in 2020.