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March 21 (Bloomberg) -- Manulife Financial Corp., Canada’s largest life insurer, awarded Chief Executive Officer Donald Guloien C$12.8 million ($11.4 million) in total compensation for 2013 as the firm bolstered profit.

Guloien’s pay is 22 percent more than 2012, when the 56-year-old CEO was awarded C$10.4 million, the Toronto-based firm said today in a filing with Canadian regulators. Manulife reported 2013 profit of C$3.1 billion, up from C$1.8 billion a year earlier.

To contact the reporter on this story: Katia Dmitrieva in Toronto at

To contact the editors responsible for this story: David Scanlan at Steven Crabill

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