40 Overview

Founded in 1981, 40|86 Advisors, Inc., is a wholly-owned subsidiary of CNO Financial Group. CNO is dedicated to serving the basic insurance needs of the fast-growing but underserved middle-income market, through Bankers Life & Casualty, Washington Nat...
Founded in 1981, 40 is an established company that loves to hire graduates from Wheelock College, with 6.7% of its employees having attended Wheelock College. 40 has established itself as a great place to work in Indiana, and it is number 8 on Zippia's list of Best Companies to Work for in Carmel, IN. The average employee at 40 makes $72,883 per year. In comparison, some of its highest paying competitors, like Guy Carpenter & Company, Mutual of America Life Insurance ..., and Ullico, pay $87,781, $84,374, and $80,537, respectively.
Based in Indiana, 40 is a key player in the insurance industry with 3,000 employees.

The Organization’s Mission

Our mission is to deliver unique, high-value and easy to use solutions for a wide variety of maintenance needs in workshops, factories and homes.







Founded in



Carmel, IN



Organization Type


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The Team At 40

Key People
  • Eric Johnson (CEO)

40 Company Rankings

40 is ranked #89 on the Best Companies to Work For in Indiana list. Zippia's Best Places to Work lists provide unbiased, data-based evaluations of companies. Rankings are based on government and proprietary data on salaries, company financial health, and employee diversity.

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40 Salaries

How much does 40 pay?
The national average salary for a 40 employee in the United States is $72,883 per year. Employees in the top 10 percent can make over $150,000 per year, while employees at the bottom 10 percent earn less than $35,000 per year.
Salary Score
Average Employee Earnings

40 Salaries By Job Title

The average employee at 40 earns a yearly salary of $72,883 per year, but different jobs can earn drastically different salaries. Some of the positions that earn high wages at 40 include portfolio manager, director, subject matter expert, and trading assistant. A typical portfolio manager salary at 40 is $219,845 per year. To get a better sense of the salaries at 40, other roles such as security officer and machine operator can be considered as well. For comparison, the title security officer at 40 earns $24,125 per year.
Job Title
Average Salarydesc
Portfolio Manager
Salary Range180k - 268k$220k$219,845
Salary Range125k - 191k$155k$155,376
Subject Matter Expert
Salary Range124k - 156k$140k$139,733
Trading Assistant
Salary Range90k - 152k$118k$117,687
Reporting Manager
Salary Range100k - 136k$117k$117,363
Salary Range85k - 99k$92k$92,296
Investment Analyst
Salary Range67k - 101k$83k$83,111
Occupational Health Nurse
Salary Range76k - 89k$82k$82,338
Systems Analyst
Salary Range68k - 90k$79k$78,718
Systems Specialist
Salary Range64k - 82k$73k$73,155

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40 Careers

On average, employees at 40 stay with the company for 3.7 years.

Average Length of Employment

3.7 years

Top Employers Before 40

Top Employers After 40

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40 Employee Demographics

Diversity Score
We calculated the diversity score of companies by measuring multiple factors, including the ethnic background, gender identity, and language skills of their workforce.

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40 Employees Education

Of the 3,000 employees at 40, 6.7% attended Wheelock College. Employees at 40 most frequently majored in Business, and most employees’ highest level of education is a Bachelors.

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40 Financial Performance

Performance Score
We calculated the performance score of companies by measuring multiple factors, including revenue, longevity, and stock market performance.



Founded in


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40 Competitors

Competitors of 40 include Guy Carpenter & Company, Mutual of America Life Insurance .., and Ullico. The wages at Guy Carpenter & Company average higher than the other similar companies, where the median salary is $87,781 per year. Employees at Mutual of America Life Insurance .. earn an average of $84,374 per year, and the employees at Ullico earn an average salary of $80,537 per year.
Average Salarydesc
Guy Carpenter & Company
Salary Range65k - 118k$88k$87,781

Mutual of America Life Insurance ...

Salary Range62k - 114k$84k$84,374
Salary Range59k - 109k$81k$80,537
Distinguished Programs Group
Salary Range55k - 111k$79k$78,771
Munich Reinsurance America
Salary Range56k - 106k$78k$77,605
Standard Insurance Company
Salary Range53k - 101k$74k$74,073

Clark Consulting

Salary Range52k - 100k$73k$72,727
Phoenix Life Insurance Company
Salary Range51k - 95k$70k$69,937

M Financial Group

Salary Range50k - 97k$70k$69,872
Summit Consulting
Salary Range51k - 92k$69k$69,083

Frequently Asked Questions about 40

When was 40 founded?

40 was founded in 1981.

How many Employees does 40 have?

40 has 3,000 employees.

What industry is 40 in?

40 is in the insurance industry.

What is 40's mission?

40's mission statement is "Our mission is to deliver unique, high-value and easy to use solutions for a wide variety of maintenance needs in workshops, factories and homes."

What type of company is 40?

40 is a private company.

Who are 40's competitors?

40 competitors include International Financial Group, Clark Consulting, Guy Carpenter & Company, Wilton Re U.S. Holdings, The Hartman Group, M Financial Group, Corporate Consulting Services, XL America, MBA Holdings, Munich Reinsurance America, National Security Group, Ullico, Standard Insurance Company, Mutual of America Life Insurance ..., Summit Consulting, Distinguished Programs Group, Phoenix Life Insurance Company, CETA, The Navigators Group, Illinois Casualty Company.

Who works at 40?

Eric Johnson (CEO)

Where is 40's headquarters?

40's headquarters is in Carmel, IN.

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Updated October 6, 2021

Zippia gives an in-depth look into the details of 40, including salaries, political affiliations, employee data, and more, in order to inform job seekers about 40. The employee data is based on information from people who have self-reported their past or current employments at 40. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions, or for the results obtained from the use of this information. The data presented on this page does not represent the view of 40 and its employees or that of Zippia.

40 may also be known as or be related to 40 and 40/86 Advisors Inc.