ZURICH, March 16 (Reuters) - Swiss Re paid Chief Executive Christian Mumenthaler 6.25 million Swiss francs ($6.26 million) in 2016 after he was promoted mid-year to the role, according to the reinsurer’s annual report published on Thursday.
Total compensation for predecessor Michel Lies was 7.02 million Swiss francs in 2015.
Zurich-based Swiss Re also said its economic net worth decreased by 2 percent to $36.6 billion as of the end of December. Swiss Re aims to increase economic net worth per share by an average of 10 percent per year over the reinsurance cycle.
$1 = 0.9989 Swiss francs Reporting by Brenna Hughes Neghaiwi; Editing by Michael Shields