Annual Report 2012 - Swiss Life

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58 Corporate Governance HIGHEST TOTAL COMPENSATION, CORPORATE EXECUTIVE BOARD Bruno Pfister, as Group CEO, received the highest total compensation for a member of the Corporate Executive Board in the period under review. In the 2012 financial year, Bruno Pfister was allocated the following amounts in the form of salary, cash bonus, contributions to occupational provisions, deferred compensation in cash and deferred compensation in shares (RSU plan): In CHF Compensation in cash 1 2 267 745 Shares none Share options none Total compensation 2012 in cash 2 267 745 including regular contribution to occupational provisions of CHF 225 504 2 493 249 including deferred compensation in cash 2 2 703 249 including deferred compensation in shares 3 3 369 016 Total compensation 2011 in cash 2 685 506 including regular contribution to occupational provisions of CHF 225 504 2 911 010 including deferred compensation in cash 4 3 271 010 including deferred compensation in shares 5 4 160 328 1 Including cash bonus of CHF 700 000 for the 2012 financial year, determined and paid at the beginning of 2013, and other compensation (child allowances, premium contribution) totalling CHF 67 745. 2 Deferred compensation in cash of CHF 210 000; this compensation component will be paid out on 1 April 2016, provided the regulatory requirements are satisfied at that point. 3 7100 future subscription rights in the form of RSUs entitling the holder to receive Swiss Life Holding shares on 1 April 2015, provided the requirements are satisfied at that point. On the allocation date of 1 April 2012 the fair value of an RSU was CHF 93.77. 4 Deferred compensation in cash of CHF 360 000; this compensation component was introduced on 1 January 2012 and will be paid out on 1 April 2015, provided the regulatory requirements are satisfied at that point. 5 6350 future subscription rights in the form of RSUs entitling the holder to receive Swiss Life Holding shares on 1 April 2014, provided the requirements are satisfied at that point. On the allocation date of 1 April 2011 the fair value of an RSU was CHF 140.05. Swiss Life – Annual Report 2012
59 Corporate Governance FURTHER INFORMATION In the form of an overview, the following additional information is provided on the Swiss Life Group compensation systems for the 2012 financial year: In CHF (unless otherwise indicated) Total compensation 1 772 051 739 of which total variable compensation (total pool) 2 113 733 933 Number of persons who received variable compensation 5 688 Total outstanding deferred compensation 9 194 770 of which cash payment 1 159 007 of which shares 0 of which options 0 of which others (Restricted Share Units, RSUs / Performance Share Units, PSUs) 8 035 763 Charges and credits in the financial year from compensation for previous financial years 3 –261 070 Board of Directors, Executive Board and persons whose activities have a significant influence on the risk profile: Total sign-on payments made in the financial year 4 0 Total severance payments made in the financial year 5 0 1 The totality of any monetary value which the company distributes to a person directly or indirectly for the work performed for the company, e.g. in the form of cash payments, noncash benefits, expenditure which establishes or increases entitlements to occupational provisions, pensions, shares or other allocation of shareholding rights as well as the forgiving, extinguishing or renunciation of any claims or debts. 2 Part of the total compensation, the granting or the amount of which is at the discretion of the company or which is contingent on fulfilment of predefined conditions. This includes compensation contingent on performance or meeting certain targets. Sign-on payments and severance payments also fall within the scope of the definition of variable compensation. 3 In particular reduction in expenses affecting net income due to the expiration of entitlements under equity compensation plans. 4 Compensation which is agreed on the conclusion of an employment agreement to be paid or be due once. Also deemed to constitute a sign-on payment shall be compensation for benefits foregone vis-à-vis a previous employer. 5 Compensation which is agreed in connection with the termination of an employment relationship. Swiss Life – Annual Report 2012
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Swiss Life Group annual report 2012
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4 Facts & Figures The Swiss Life
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6 Shareholder’s Letter Dear Share
Page 8 and 9: 8 Summary of Group results Summary
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In CHF million Notes 31.12.2012 31.
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In CHF million Notes 31.12.2012 31.
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In CHF million CHF EUR USD GBP JPY
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In CHF million 31.12.2012 31.12.201
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In CHF million 31.12.2012 31.12.201
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Number of shares 2012 2011 204 Cons
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In CHF million 2012 208 Consolidate
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226 Swiss Life Holding Financial St
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In CHF million 2012 2011 228 Swiss
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As % of total share capital 31.12.2
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In CHF million 2012 2011 232 Swiss
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250 Share Performance and Historica
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252 Contacts and Publishing Details
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130 286 The future starts here. Swi
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