Sundar PichaiSundar Pichai earned $164M in 2023

Gregory E. Murphy has been a key figure at Selective Insurance Group, having served as CEO from 2013 until early 2020, when he transitioned to the role of Executive Chairman. He has a strong educational background, holding degrees from Boston...

Quick Links
S

Gregory E. Murphy

Ex-CEO of Selective Insurance Group

Education

Boston College and Harvard Business School Advanced Management Program

Field of Expertise

Business & Management

Sector of Economy

Financial Services

Born

January 1, 1955 - 70 years ago

CEO of Selective Insurance Group for

7 years 1 month (Jan 2013 - Feb 2020)

Previous Experience

Chairman, President and Chief Executive Officer of the Company from 2000 to 2013, President and Chief Executive Officer from 1999 to 2000, President and Chief Operating Officer from 1997 to 1999, and other senior executive, management, and operational positions of the Company from 1980 to 1997.

Holdings

See how much did Gregory E. Murphy make over time.

Gregory E. Murphy's wealth was significantly tied to his holdings in Selective Insurance Group, reflecting his deep connection and commitment to the company. At one point, a large part of his wealth stemmed from performance-based restricted stock units and cash...

Total Stock Sold

$14.95M

SIGI

$14.95M

309,299 SIGI shares

What if they kept their stock?

If Gregory E. Murphy didn't sell their stock, today they would have:
Extra SIGI309,299 shares worth $16.04M.
This is 7.3% and $1.09M more than what they got when they sold the stock.

Charitable Transactions

SIGI

34,272 shares

SIGI

Recent Charitable Transactions

SIGI

5,000 shares

SIGI

Dec 9, 2021

Charity

SIGI

1,000 shares

SIGI

Aug 20, 2021

Charity

SIGI

400 shares

SIGI

Dec 7, 2020

Charity

SIGI

4,500 shares

SIGI

Aug 6, 2020

Charity

SIGI

4,100 shares

SIGI

May 8, 2019

Charity

SIGI

4,000 shares

SIGI

Nov 5, 2018

Charity

Insider Trading

See recent insider trades of Gregory E. Murphy.

SIGI

$775.95K

SIGI at $77.59/share

Feb 16, 2022

Sale

SIGI

23,497 shares

SIGI

Feb 1, 2022

Received

SIGI

5,000 shares

SIGI

Dec 9, 2021

Charity

SIGI

$1.81M

SIGI at $79.66/share

Nov 9, 2021

Sale

SIGI

1,000 shares

SIGI

Aug 20, 2021

Charity

SIGI

$2.00M

SIGI at $81.19/share

Jul 30, 2021

Sale

SIGI

1,051 shares

SIGI

Apr 30, 2021

Received

SIGI

$2.45M

SIGI at $75.59/share

Apr 30, 2021

Sale

SIGI

400 shares

SIGI

Dec 7, 2020

Charity

SIGI

$630.77K

SIGI at $63.08/share

Nov 17, 2020

Sale

Compensation History

See how much did Gregory E. Murphy make over time.

Gregory E. Murphy's compensation has reflected his strategic leadership at Selective Insurance Group. In 2019, he earned a total of approximately $6.8 million, including a base salary of $992,308 and a substantial cash bonus of $2 million, demonstrating a strong pay-for-performance correlation. His compensation also included contributions to his retirement and deferred compensation plans. Over the years, as the CEO, Mr. Murphy was consistently rewarded for meeting and exceeding performance metrics, including achieving targets linked to the company’s financial health. For instance, in 2016, his total compensation reached over $4.4 million, showcasing the growth trajectory of both his pay and the company under his tenure. Notably, his arrangement included not just fixed salaries but also variable incentives that tied directly to Selective's performance, ensuring his interests aligned with those of the shareholders. Also, in a transitional role as Executive Chairman, Mr. Murphy's compensation was adapted to reflect his new responsibilities, further illustrating the dynamic nature of executive leadership and compensation alignment at Selective Insurance.

Year

2020

Total Compensation

$3.19M

Salary

$807.69K

Board Justification

The compensation philosophy aligns executive compensation with company performance and stockholder interests, emphasizing pay-for-performance.

Bonus

$2.00M

Board Justification

The ACIP payment for 2020 was set at 248% of base salary, reflecting the achievement of corporate performance measures.

Other

$380.33K

Board Justification

This includes company matching contributions, non-elective contributions to the Deferred Compensation Plan, and tax preparation services.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock awards were granted after the first quarter of 2020; therefore, no stock vested in 2020.

Performance Metrics

The performance metrics for the ACIP included achieving a GAAP combined ratio of between 90.0% and 100.0% and meeting various strategic objectives.

Other Selective Insurance Group CEOs

Here are other CEOs of Selective Insurance Group