State Farm Chief Executive Officer Ed Rust Jr. received $11.66 million in compensation for 2006, $5.26 million more than he did in 2005, the company disclosed.
He received a base salary of $1.77 million and performance bonus of $9.89 million, the Bloomington, Ill.-based mutual insurance company said.
Dick Luedke, a company spokesman, said Mr. Rust's salary reflected the company's increased profits, growth, and customer and employee satisfaction.
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