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UPDATE 1-UK insurer Aviva CEO take-home pay doubles to $8 mln in 2015

Tue, 29th Mar 2016 13:09

(Updates with share price performance, other CEO pay)

LONDON, March 29 (Reuters) - British insurer Aviva chief executive Mark Wilson's take-home pay more than doubled to5.67 million pounds ($8.1 million) last year, after the purchaseof rival Friends Life, Aviva's annual report showed on Tuesday.

Aviva completed the 5.6 billion pound acquisition in April2015, creating a market leader in life insurance. It posted a 20percent rise in operating profit for 2015.

Wilson received a bonus of 1.78 million pounds or 182percent of his basic salary, compared with a maximum possible200 percent payout, due to "strong financial performance" andprogress on strategic objectives last year, Aviva said.

The CEO, who joined Aviva at the beginning of 2013, alsoreceived payments for the first time from a long-term incentiveplan (LTIP).

Wilson received 2.56 million pounds from the LTIP, based ona three-year performance period to end-2015.

Aviva's share price rose by 38 percent over the period.

Rival insurer Legal & General's chief executiveNigel Wilson earned 4.7 million pounds in 2015 and RSA boss Stephen Hester earned 2.47 million pounds.

($1 = 0.7000 pounds) (Reporting by Carolyn Cohn; Editing by Alexander Smith)

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