National Oilwell Varcobenefits

National Oilwell Varco's benefits plans covered 10,830 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · other. Insurance premiums totaled $95,176,921. Insurance brokers and agents were paid $1,068,866 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 1.1% of premiums. That is $99 per covered person, below the median for employer plans that report broker pay. Broker pay rose 18% from $905,586 in 2023.