Aetna Inc. Chief Executive Mark T. Bertolini's compensation was valued at $17.3 million last year, up from $15.1 million in 2014, reflecting higher stock and option awards.

Mr. Bertolini received a base salary of about $1 million and a bonus of $1.84 million.

The company said the bonus reflected strong financial performance and returns to shareholders. Aetna said it made "excellent progress on strategic initiatives," including its agreement to buy Humana Inc.

Aetna said Mr. Bertolini is a "positive and constructive voice" on health-care and social policy issues, citing a 2015 increase in Aetna's minimum base wage to $16 an hour.

His bonus was paid at 153% of target, up from 140% in 2014.

Stock awards increased to $5.97 million from $5.07 million as option awards rose to $8.14 million from $6.91 million.

On Feb. 1, Aetna said its fourth-quarter profit rose 38% as operating revenue increased 2.2% to $15.09 billion.

Write to Josh Beckerman at josh.beckerman@wsj.com

(END) Dow Jones Newswires

April 08, 2016 17:45 ET (21:45 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.
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