Kandarian’s Pay at MetLife More Than Doubles to $10.6 Million

Steven Kandarian’s compensation at MetLife Inc. (MET) more than doubled last year as he was promoted to chief executive officer of the largest U.S. life insurer.

Kandarian was awarded $10.6 million for last year, including a $3 million bonus, compared with about $4.2 million in 2010 when he was chief investment officer, the New York-based company said today in a regulatory filing.

To contact the reporter on this story: Andrew Frye in New York at afrye@bloomberg.net

To contact the editor responsible for this story: Dan Kraut at dkraut2@bloomberg.net

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