Chubb CEO Evan Greenberg's 2018 pay rises 6% to $20M
Chubb reports 2018 executive compensation
By ExecPay News
Published: April 2, 2019
Chubb reported fiscal year 2018 executive compensation information on April 2, 2019.
In 2018, five Chubb executives received on average a compensation package of $9.1M, a 1% increase compared to previous year.
Average pay of disclosed executives at Chubb
Evan G. Greenberg, Chief Executive Officer, received $20M in total, which increased by 6% compared to 2017. 43% of Greenberg's compensation, or $8.8M, was in stock awards. Greenberg also received $6.1M in bonus, $2.8M in option awards, $1.4M in salary, as well as $1.2M in other compensation.
For fiscal year 2018, the median employee pay was $64,340 at Chubb. Therefore, the ratio of Evan G. Greenberg's pay to the median employee pay was 316 to one.
John W. Keogh, Chief Operating Officer, received a compensation package of $7.9M, which is about the same as previous year. 38% of the compensation package, or $3M, was in stock awards.
John J. Lupica, Chairman, earned $6.2M in 2018, a 1% increase compared to previous year.
Paul J. Krump, President, North America Commercial and Personal Insurance, received $6.2M in 2018, which decreases by 12% compared to 2017.
Philip V. Bancroft, Chief Financial Officer, earned $5M in 2018, which is about the same as previous year.
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Source: SEC filing on April 2, 2019.