UnitedHealth Group CEO Andrew Witty was the highest-paid payer CEO in 2024.
Mr. Witty earned $26.3 million in total compensation in 2024, up from $23.5 million in 2023.
Most CEOs’ pay increased slightly from 2023, while Elevance Health CEO Gail Boudreaux saw a small decrease.
Two leaders, Humana CEO Jim Rechtin and CVS Health CEO J. David Joyner, assumed the chief executive role partway through 2024.
Here’s what CEOs of the largest payers earned in 2024:
Andrew Witty, UnitedHealth Group
- Salary: $1,500,000
- Stock awards: $17,250,065
- Option awards: $5,750,053
- Nonequity incentive plan compensation: $1,500,000
- All other compensation: $339,097
- Total: $26,339,215
David Cordani, The Cigna Group
- Salary: $1,573,077
- Stock awards: $15,214,154
- Option awards: $3,340,009
- Nonequity incentive plan compensation: $2,720,000
- Change in pension value and deferred compensation: $31,059
- Other compensation: $372,797
- Total: $23,251,096
Joseph Zubretsky, Molina Healthcare
- Salary: $1,600,000
- Stock awards: $16,200,092
- Nonequity incentive plan compensation: $3,360,000
- Other compensation: $784,017
- Total: $21,944,109
- Salary: $1,400,000
- Stock awards: $14,630,132
- Nonequity incentive plan compensation: $4,289,125
- Other compensation: $282,891
- Total: $20,602,148
Gail Boudreaux, Elevance Health
- Salary: $1,600,000
- Stock awards: $12,600,032
- Option awards: $4,199,989
- Nonequity incentive plan: $1,142,400
- Other compensation: $929,555
- Total: $20,471,976
- Salary: $1,103,495
- Stock awards: $4,499,890
- Option awards: $11,999,997
- Other compensation: $205,410
- Total: $17,808,792
- Salary: $1,105,769
- Stock awards: $7,317,483
- Option awards: $4,495,979
- Nonequity incentive plan: $1,943,477
- Other compensation: $716,768
- Total: $15,579,476
