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Annual Report 2016

Compensation disclosure and shareholdings 2016

Aggregate compensation of the Swiss Re Group

The aggregate compensation for the performance years 2015 and 2016 for all employees was as follows:

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Performance Year 2015

Performance Year 2016

Category

Type of plan

Number of employees1

Values (in CHF millions)

Number of employees1

Values (in CHF millions)

1

Regular staff.

2

Severance payments in the table above include (i) payments under standard severance packages, (ii) other payments that are over and above what is contractually or legally required, and (iii) voluntary supplementary departure payments, but exclude similar legally permitted payments or garden leave which are aligned with local market practice for comparable positions in respect of amount, nature or duration. No severance payments were made to members of the Group EC.

3

Covers 2015 equity sign-on awards which were not included in the 2015 Compensation Report.

Fixed compensation

Base salaries

12 767

1 228

14 053

1 312

Pensions, social security and benefits

12 767

473

14 053

479

Annual Performance Incentive

Cash Annual Performance Incentive

11 575

372

12 609

352

Value Alignment Incentive

918

61

810

50

Long-term variable compensation

Leadership Performance Plan

286

44

347

50

Other payments

Severance payments2

346

33

399

19

Sign-on payments3

75

3

109

3

Total

 

 

2 214

 

2 265

As of 31 December 2016 Swiss Re Group had 14 053 employees worldwide, compared to 12 767 employees at the end of 2015.

Aggregate compensation for Key Risk Takers

The aggregate compensation of the individuals that held a key risk-taking position during the performance years 2015 and 2016 was as follows:

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Performance Year 2015

Performance Year 2016

Category

Type of plan

Number of employees

Values (in CHF millions)

Number of employees

Values (in CHF millions)

1

Severance payments in the table above include (i) payments under standard severance packages, (ii) other payments that are over and above what is contractually or legally required, and (iii) voluntary supplementary departure payments, but exclude similar legally permitted payments or garden leave which are aligned with local market practice for comparable positions in respect of amount, nature or duration. No severance payments were made to members of the Group EC.

2

Covers 2015 equity sign-on awards which were not included in the 2015 Compensation Report.

Fixed compensation

Base salaries

213

77

210

79

Pensions, social security and benefits

213

39

210

35

Annual Performance Incentive

Cash Annual Performance Incentive

212

64

210

57

Value Alignment Incentive

211

40

209

34

Long-term variable compensation

Leadership Performance Plan

185

39

187

43

Other payments

Severance payments1

1

0

3

0

Sign-on payments2

9

1

12

1

Total

 

 

260

 

249