Total compensation for Aflac Chairman and CEO Dan Amos rose 17 percent in 2010, a year in which the Columbus-based insurer reported 57 percent growth in profits, the company said Thursday in its annual proxy filing.
Amos had total compensation of nearly $16 million, compared to $13.6 million in 2009, and $10.8 million in 2008. Aflac reported net income of $2.3 billion in 2010.
Amos’ base salary was $1.4 million, unchanged from 2009. The value of stock awards more than doubled in 2010 to $3.4 million, while option awards climbed 18 percent to $6.8 million. Performance bonuses, called non-equity compensation, dipped slightly to $4 million.
Kriss Cloninger III, president and chief financial officer, made $8.7 million, up 51 percent. Aflac Japan President and chief operating officer Tohru Tonoike’s compensation climbed 40 percent to $3.4 million.
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