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Bigger bonus boosts Reinsurance Group CEO's pay to $8.1 million

Bigger bonus boosts Reinsurance Group CEO's pay to $8.1 million

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Reinsurance Group of America Chief Executive Anna Manning earned $8.1 million last year, a 21% increase.

The Chesterfield company's proxy statement shows that Manning's bonus and stock award both grew last year. A 3% raise boosted her salary to $1.03 million.

Manning's $2.1 million bonus was 139% of the target amount. She received $3.4 million worth of performance-contingent stock and $989,847 worth of stock-appreciation rights.

The stock award, which depends on three years' worth of financial results, could be even more lucrative. RGA beat its targets for a similar award that covered 2016 to 2018, and its stock price rose, so Manning's award that was originally valued at $1.5 million ended up being worth $3.2 million.

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Also included in Manning's pay were a $404,102 increase in pension value and perquisites including $1,357 for tax preparation and $1,831 for professional dues.

Manning earned 72 times as much as the median Reinsurance Group employee. The company calculated median pay of $113,479 for its 3,426 employees.

RGA's earnings per share rose 24% last year and its share price increased 16%.

Here's what St. Louis CEOs were paid in 2018:

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