Cordani has led Cigna for more than eight years. Photo: Scott Eells / Bloomberg via Getty Images

Cigna CEO David Cordani made $43.9 million in 2017, according to a federal securities filing. That amount reflects the stock awards and options that Cordani actually cashed out.

The big picture: Cordani was in the spotlight a lot last year. He broke off the health insurer's merger with Anthem after feuds plagued both sides. Cigna is suing Anthem for almost $15 billion "as a result of the failed merger process," and a trial for the case is scheduled for 2019.

Buried in the weeds: The Securities and Exchange Commission now requires publicly traded companies to report CEO pay ratios, which show how much the average company employee makes compared with the CEO.

  • The median annual compensation of a Cigna employee was $63,010 in 2017.
  • Cigna calculated the CEO pay ratio at 279:1 (for every $1 the average worker makes, Cordani gets $279).

Yes, but: That's not entirely accurate. Based on SEC rules, the reported ratio is based on the estimated fair value of Cordani's stock instead of the actual realized value.

  • Using Cordani's $43.9 million compensation total, Cigna's CEO pay ratio was 697:1.

Go deeper: The sky-high pay of health care CEOs.

Go deeper

Mike Allen, author of AM
1 hour ago - Politics & Policy

Biden pushes unity message in new TV wave

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What he's saying: The ad — which began Friday night, and is a follow-up to "Fresh Start" — draws from a Biden speech earlier in the week in Manitowoc, Wisconsin:

Updated 2 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 6:30 p.m. ET: 32,390,204 — Total deaths: 985,302 — Total recoveries: 22,286,345Map.
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  3. States: "We’re not closing anything going forward": Florida fully lifts COVID restaurant restrictions — Virginia Gov. Ralph Northam tests positive for coronavirus.
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  5. Business: Coronavirus has made airports happier places The expiration of Pandemic Unemployment Assistance looms.
  6. Education: Where bringing students back to school is most risky.

Trump prepares to announce Amy Coney Barrett as Supreme Court replacement

Judge Amy Coney Barrett. Photo: Matt Cashore/Notre Dame University via Reuters

President Trump is preparing to nominate federal appeals court Judge Amy Coney Barrett of Indiana, a favorite of both the social conservative base and Republican elected officials, to succeed Justice Ruth Bader Ginsburg, Republican sources tell Axios.

Why it matters: Barrett would push the already conservative court further and harder to the right, for decades to come, on the most important issues in American politics — from abortion to the limits of presidential power. If confirmed, she would give conservatives a 6-3 majority on the high court.