Chubb CEO Evan Greenberg's 2019 pay rises 1% to $20M
Chubb reports 2019 executive compensation
By ExecPay News
Published: April 6, 2020
Chubb reported fiscal year 2019 executive compensation information on April 6, 2020.
In 2019, five Chubb executives received on average a compensation package of $9.6M, a 5% 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 1% compared to 2018. 45% of Greenberg's compensation, or $9.2M, was in stock awards. Greenberg also received $6.7M in bonus, $1.9M in option awards, $1.4M in salary, as well as $1.3M in other compensation.
For fiscal year 2019, the median employee pay was $66,372 at Chubb. Therefore, the ratio of Evan G. Greenberg's pay to the median employee pay was 308 to one.
John W. Keogh, Chief Operating Officer, received a compensation package of $8.1M, which increased by 3% compared to previous year. 40% of the compensation package, or $3.2M, was in stock awards.
Paul J. Krump, President, North America Commercial and Personal Insurance, earned $7.6M in 2019, a 23% increase compared to previous year.
John J. Lupica, Chairman, received $6.7M in 2019, which increases by 8% compared to 2018.
Philip V. Bancroft, Chief Financial Officer, earned $5.1M in 2019, a 1% increase compared to previous year.
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Source: SEC filing on April 6, 2020.