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Business

Aflac chief Amos' pay climbs to $16 million

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March 18, 2011

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.

About the Author

J. Scott Trubey is the senior editor over business, climate and environment coverage at The Atlanta Journal-Constitution. He previously served as a business reporter for the AJC covering banking, real estate and economic development. He joined the AJC in 2010.

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