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Greffin retired on March 31, after helping diversify the company’s portfolio and steer the insurer through the financial crisis of 2008 and 2009. (AP Photo)

(Bloomberg) – Judy Greffin, former chief investment officer of Allstate Corp., had her bonus cut in half before announcing her retirement from the largest publicly traded U.S. home and auto insurer.

The money manager’s cash incentive award fell to $500,000 for 2015, from $1 million in 2014 and $1.4 million in 2013, the Northbrook, Illinois-based company said in a filing Monday. Her total pay dropped to $3.3 million from $4.8 million. Greffin’s bonus was 65% of her target.

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