American International Group Inc.’s Brian Duperreault remained the highest-paid CEO among U.S.-listed property and casualty or multiline insurers in 2019, although his compensation dropped slightly from 2018, according to an S&P Global Market Intelligence analysis.
Duperreault's total adjusted compensation slid 8.0% to $19.2 million, which consists of $1.9 million cash, $8.6 million of stock, $2.8 million of options and $5.9 million from a nonequity incentive plan. Duperreault's pay is approximately 288x the median employee salary at AIG.
In second place is Allstate Corp.'s Thomas Wilson, who received $16.3 million last year, a decline of 8.7% from his pay in 2018. His compensation, which is about 317x the median employee salary at Allstate, consists of $1.5 million cash, $6.0 million of shares, $4.0 million of options and $4.7 million from a nonequity incentive plan.
Rounding out the top five are Travelers Cos. Inc.'s Alan Schnitzer, Hartford Financial Services Group Inc.'s Christopher Swift and Progressive Corp.'s Susan Griffith, with compensation of $16.1 million, $14.5 million and $14.0 million, respectively.
Assurant Inc.'s Alan Colberg saw the biggest percentage drop in compensation at 30.5% to $9.5 million. ProSight Global Inc.'s Lawrence Hannon was the biggest gainer percentage-wise, with his compensation jumping 390.6% to $7.2 million after being granted $5.4 million of stock.
This article was published by S&P Global Market Intelligence and not by S&P Global Ratings, which is a separately managed division of S&P Global.
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