AIA

AIA Group Limited is an insurance group listed in Hong Kong. In 2019, Lee Yuan Siong, one of the three co-CEOs of Ping An who had long overseen its insurance business, “transferred” to become chief executive officer of AIA. According to reports at the time, his annual salary was 50 million yuan, and he also received a 200 million yuan “separation fee”; the news attracted wide attention both inside and outside the insurance industry.

According to AIA’s annual report, Group Chief Executive and President Lee Yuan Siong received total remuneration of 92.88 million yuan (US$13.51 million) in 2022, or more than HK$100 million when calculated in Hong Kong dollars, the currency in which the company pays salaries. In terms of overall remuneration of key management personnel, at least five AIA executives were paid 10 million yuan or more in 2022, making AIA the most generous payer of executive compensation in the insurance industry that year.