(Bloomberg) -- Hartford Financial Services Group Inc. said that Chief Executive Officer Chris Swift’s pay package nearly doubled to $10 million for last year as stock awards climbed.
The compensation included a $2.45 million bonus and more than $6 million in stock and option awards, up from $2.2 million a year earlier, Hartford said Thursday in a regulatory filing.
Swift took over in July 2014 and said he has worked to shift the insurer to be more “offensive-minded,” a change for the company which had been selling off life insurance units to simplify and focus on property-casualty coverage. Hartford said his pay was tied to improved financial performance, as the company beat the Standard & Poor’s 500 Index and boosted book value per share by 7%, according to the regulatory filing.
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