Median Change in Insurer CEO Overall Pay Down 1 Percent
June 27, 2016 by Cyril Tuohy
Median change in the overall CEO compensation at nine life, annuity and health insurers declined by 1 percent in 2015 year over year, according to a new report.
Overall CEO compensation is made up of the base salary, long-term incentives and cash bonuses.
The base salary of life and health insurance company CEOs increased 1 percent and long-term incentive pay also rose 1 percent, the report by Compensation Advisory Partners said.
Cash bonuses, however, dropped 22 percent, resulting in the overall median change of negative 1 percent.
Life and annuity carriers faced a relatively high degree of volatility, which affects company results and the amount in compensation executives receive.
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