Cincinnati Financial reports 2018 executive compensation
CEO Steven J. Johnston receives $3.4M
Cincinnati Financial reported fiscal year 2018 executive compensation information on March 13, 2019.
In 2018, five executives at Cincinnati Financial received on average a compensation package of $2,376,374, a 27% decrease compared to previous year.Average pay of disclosed executives at Cincinnati Financial
Steven J. Johnston, Chief Executive Officer, received $3,444,610 in total, which decreased by 31% compared to 2017. 29.77% of Johnston's compensation, or $1,025,385, was in salary. Johnston also received $339,900 in non-equity incentive plan, $849,752 in option awards, $999,111 in stock awards, as well as $230,462 in other compensation.
For fiscal year 2018, the median employee pay was $88,046 at Cincinnati Financial. Therefore, the ratio of Steven J. Johnston's pay to the median employee pay was 39 to one.
Jacob F. Scherer, Jr, Chief Insurance Officer and Executive Vice President The Cincinnati Insurance Company, received a compensation package of $2,887,005, which decreased by 20% compared to previous year. 32.88% of the compensation package, or $949,152, was in salary.
Michael J. Sewell, Chief Financial Officer, earned $2,161,540 in 2018, a 24% decrease compared to previous year.
Martin F. Hollenbeck, Chief Investment Officer, received $1,799,817 in 2018, which decreases by 24% compared to 2017.
Martin J. Mullen, Chief Claims Officer and Senior Vice President The Cincinnati Insurance Company, earned $1,588,896 in 2018, a 37% decrease compared to previous year.