"more than compensated" is correct and can be used in written English. You can use this phrase when you are discussing something that has gone beyond the point of being compensated or made up for. For example: "The generous bonus more than compensated for the stress of the job."
The Cardinals more than compensated.
But the consumer business more than compensated.
The food, too, more than compensated for rough service.
But Johnson and the offense usually more than compensated.
PAYOFF "In my particular case I feel more than compensated".
The rewards must have more than compensated for the risks and hardships, historians conclude.
Any momentary insecurity of tone was more than compensated for by a palpable sense of commitment.
But these setbacks were more than compensated for by the good days.
But that cooling affect will be more than compensated by the trend towards warmer winters".
They more than compensated for my reticent relationship with opulence by their total embrace of it.
Everyone agreed that the highs more than compensated for the lows.
Ludwig does not simply clarify my doubts with English writing, it enlightens my writing with new possibilities
Simone Ivan Conte
Software Engineer at Adobe, UK