5 Insurers Make List of Top 50 Companies for Executive Women

New York Life, State Farm among those honored; see companies broken down by percentage of women holding executive responsibilities.

Insurance Networking News, February 6, 2013

Justin Stephani

The National Association for Female Executives (NAFE) placed five insurers: Aetna, Allstate, Massachusetts Mutual Life Insurance, New York Life and State Farm, on a list of the top 50 companies for female executives.

It was the fifth selection in a row for New York Life, which released a statement in which Maria Mauceri, VP and Actuary, Human Resources Department for New York Life, said the company was honored to be selected again.

In order to be eligible, companies must have at least two women on their boards and at least 1,000 employees. In addition to assessing corporate programs and policies dedicated to advancing women, NAFE analyzed the number of women at the highest ranks and those with profit-and-loss responsibilities.

Further statistics related to women’s roles for the insurers honored are below.

Percentage of overall employees who are women:

Aetna: 76
Allstate: 58
MassMutual: 57
New York Life: 52
State Farm: 59

Percentage of corporate executives who are women:

Aetna: 26
Allstate: 31
MassMutual: 34
New York Life: 31
State Farm: 34

Percentage of the top 10 percent of the company’s earners who are women:

Aetna: 45
Allstate: 35
MassMutual: 34
New York Life: 24
State Farm: 34

Percentage of executives running divisions with revenues of more than a billion dollars who are women:

Aetna: 17
Allstate: 25
MassMutual: 50
New York Life: -
State Farm: 38

Percentage of executives who report directly to the CEO who are women:

Aetna: 36
Allstate: 33
MassMutual: 36
New York Life: 25
State Farm: 22

Percentage of the members of the board of directors who are women:

Aetna: 33
Allstate: 27
MassMutual: 25
New York Life: 17
State Farm: 23

For more information on related topics, visit the following channels:

• Women in Insurance Leadership