Southwest Airlines Co.benefits

Southwest Airlines Co.'s benefits plans covered 78,210 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · other. Insurance premiums totaled $572,520. Insurance brokers and agents were paid $2,082,120 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 363.7% of premiums. That is $27 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay fell 18% from $2,531,756 in 2023.