NEW YORK (AP) — Insurer Allstate Corp. gave its CEO a pay package in 2010 that was worth $8.6 million, a cut of about 8 percent from 2009, according to a company filing made Wednesday with the Securities and Exchange Commission.
The decline came in a year when the Northbrook, Ill.-based property and casualty insurer's net income rose 9 percent but its operating profit fell 18 percent.
CEO, Chairman and President Thomas Wilson received $9.4 million in 2009, according to an Associated Press analysis of the filing.
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