Laya directors share in €11.49m pay bonanza after €650m sale to Axa

The overall pay of €11.94m to directors is six times the €1.9m directors’ pay package for 2022

Last month, Laya Healthcare hiked its premiums on average by 6.5%. It stated that the price rise was needed to address the increased demand for healthcare services and rising costs. Picture: Larry Cummins

The directors of one of the country's largest health insurers, Laya Healthcare, last year shared in a pay bonanza of €11.94m.

That is disclosed in new accounts for Laya Healthcare Ltd, which show that the bulk of the €11.94m remuneration to directors arose in "transaction/sale related costs" from the €650m sale of Laya Healthcare to French headquartered Axa in October of last year.