A proxy filed with the Securities and Exchange Commission shows that that the CEO of Chicago-based CNA received a 43 percent pay increase last year, according to Crain’s Chicago Business. CEO Stephen Lilienthal received $986,538 in salary and a $1.9-million bonus in 2003, compared to $802,885 and a $1.2-million bonus in 2002. Last year was marked by a series of reserve charges totaling $1.8 billion that badly affected the insurer’s bottom line. However, a new debt plan yielded favorable reviews from the ratings agencies.
Was this article valuable?
Here are more articles you may enjoy.
‘The Arms Race Is On’: Chubb’s Greenberg on Mythos, Middle East 
How Niche Insurance Shielded Bad Bunny From Bad Weather 
Three Sentenced in Bear-Suit Attacks Insurance Fraud Case 
Florida Sunshine: Big Improvement in Combined Ratio in 2025, Gallagher Says From This Issue
