Insurance Company CEO Compensation
(in $$ U.S.)
| Insurance Carrier / CEO |
2003 |
2002 |
2001 |
| |
|
|
|
| Aetna -- John W. Rowe |
|
|
|
Cash compensation
|
10,638,223
|
8,927,005
|
3,544,242
|
% change vs. year before
|
19.17
|
151.87
|
|
Exercised stock options
|
7,589,430
|
0
|
0
|
Total compensation
|
18,227,653
|
8,927,005
|
3,544,242
|
% change vs. year before
|
+ 104.19
|
+ 151.87
|
|
| |
|
|
|
| Cigna -- H. Edward Hanway |
|
|
|
Cash compensation
|
8,639,600
|
6,802,000
|
10,482,900
|
% change vs. year before
|
27.02
|
-35.11
|
|
Exercised stock options
|
0
|
0
|
0
|
Total compensation
|
8,639,600
|
6,802,000
|
10,482,900
|
% change vs. year before
|
+ 27.02
|
- 35.11
|
|
| |
|
|
|
| Coventry Health Care -- Allen F. Wise |
|
|
|
Cash compensation
|
10,081,451
|
8,973,164
|
4,954,093
|
% change vs. year before
|
12.35
|
81.13
|
|
Exercised stock options
|
9,965,459
|
11,341,966
|
0
|
Total compensation
|
20,046,910
|
20,315,130
|
4,954,093
|
% change vs. year before
|
- 1.32
|
+ 310.07
|
|
| |
|
|
|
| Health Net -- Jay M. Gellert |
|
|
|
Cash compensation
|
4,096,037
|
1,526,819
|
757,487
|
% change vs. year before
|
168.27
|
101.56
|
|
Exercised stock options
|
10,068,377
|
0
|
0
|
Total compensation
|
14,164,414
|
1,526,819
|
757,487
|
% change vs. year before
|
+ 827.71
|
+ 101.56
|
|
| |
|
|
|
| Humana -- Michael B. McCallister |
|
|
|
Cash compensation
|
5,764,377
|
1,648,972
|
1,622,606
|
% change vs. year before
|
249.57
|
1.62
|
|
Exercised stock options
|
344,063
|
0
|
10,396
|
Total compensation
|
6,108,440
|
1,648,972
|
1,633,002
|
% change vs. year before
|
+ 270.44
|
+ 0.98
|
|
| |
|
|
|
| PacifiCare Health Systems -- Howard G. Phanstiel |
|
|
|
Cash compensation
|
6,378,023
|
3,005,781
|
1,431,039
|
% change vs. year before
|
112.19
|
110.04
|
|
Exercised stock options
|
0
|
0
|
0
|
Total compensation
|
6,378,023
|
3,005,781
|
1,431,039
|
% change vs. year before
|
+ 112.19
|
+ 110.04
|
|
| |
|
|
|
| United Health Group -- William W. McGuire |
|
|
|
Cash compensation
|
10,001,499
|
9,455,035
|
7,671,038
|
% change vs. year before
|
5.78
|
23.26
|
|
Exercised stock options
|
84,176,032
|
0
|
50,486,500
|
Total compensation
|
94,177,531
|
9,455,035
|
58,157,538
|
% change vs. year before
|
+ 896.05
|
- 83.74
|
|
| |
|
|
|
| WellChoice -- Michael A. Stocker |
|
|
|
Cash compensation
|
5,018,276
|
1,976,550
|
2,132,625
|
% change vs. year before
|
153.89
|
-7.32
|
|
Exercised stock options
|
0
|
0
|
0
|
Total compensation
|
5,018,276
|
1,976,550
|
2,132,625
|
% change vs. year before
|
+ 153.89
|
- 7.32
|
|
| |
|
|
|
| WellPoint Health Networks -- Larry C. Glasscock |
|
|
|
Cash compensation
|
46,212,719
|
6,857,839
|
15,675,551
|
% change vs. year before
|
573.87
|
-56.25
|
|
Exercised stock options
|
0
|
0
|
0
|
Total compensation
|
46,212,719
|
6,857,839
|
15,675,551
|
% change vs. year before
|
+ 573.87
|
- 56.25
|
|
Sources: Insurance company proxy statements
|
