8 Own shares (directly and indirectly held by the Company)

CHF millions

2015

2016

¹	Purchased at average price CHF 88.73 (2015: CHF 92.91)
²	Sold at average price CHF 87.97 (2015: CHF 93.31)
³	Purchased at average price CHF 91.73 (2015: CHF 97.27)
⁴	Purchased at average price CHF 94.00
⁵	Number of sold own shares has been updated by 522 shares from a subsidiary

Own shares held by subsidiaries

112 788

211 472

Own shares held by Swiss Re Ltd direct

28 395 225

32 755 754

Opening balance own shares

28 508 013

32 967 226

Purchase of own shares¹

1 615 389

987 559

Sale of own shares²

-1 576 176⁵

-983 451

Share buy-back programme (151st AGM 2015)³

4 420 000

6 214 370

Cancellation of shares bought back (151st AGM 2015)

-10 634 370

Share buy-back programme (152nd AGM 2016)⁴

5 542 500

Own shares as of 31 December

32 967 226

34 093 834