Aetna missed an earnings goal last year, so the health insurer chopped the performance-based bonus it awarded Chairman and CEO Mark T. Bertolini.
But the 56-year-old executive's total compensation still rose 26 percent to more than $13 million in 2012.
That included a $977,159 salary and a bonus of $892,800, which was down 55 percent compared to 2011. It also included stock awards totaling $11.1 million, a 52 percent hike compared to the previous year.
Aetna Inc. is the nation's third largest health insurer. The Hartford, Conn., company says its operating earnings per share fell short of the mark it set for the full pay-out of its annual bonus program.
The AP's calculation counts salary, bonuses, perks and stock and options awarded to the executive during the year.