Earnings of the Management Board and Supervisory Board


Members of the Management Board receive their remuneration exclusively from UNIQA Versicherungen AG, the Group holding company.

Figures in € thousand

2011

2010

1)

These variable payments were made for the 2010 financial year, together with the provisions made in the 2010 annual financial statements in the amount of € 1,959,000. The members of the Management Board are not receiving any variable payments for 2011.

The expenses for remuneration of Management Board members attributable to the financial year amounted to:

 

 

Fixed payments

2,789

2,747

Variable payments

431)

1,959

Regular payments

2,832

4,705

Severance claims

2,785

Total

5,617

4,705

Of which was proportionally passed on to the operative subsidiaries:

5,336

4,470

Former members of the Management Board
and their surviving dependants were paid:

2,598

2,556

For pension commitments to these persons
the following provision was made on 31 December:

20,790

23,548

Payments to the Management Board are divided up among the individual members as follows:

Name of the Management Board member

Fixed payments 2011

Variable payments 20111)

Severance claims 2011

Annual total

Figures in € thousand

1)

Adjusted for the € 42,575 paid out for the 2010 financial year.

Andreas Brandstetter

491

491

Hannes Bogner

475

475

Wolfgang Kindl (from 1 July 2011)

229

229

Hartwig Löger (from 1 July 2011)

224

224

Kurt Svoboda (from 1 July 2011)

223

223

Gottfried Wanitschek

501

501

 

 

 

 

 

Retired effective 30 June 2011

 

 

 

Konstantin Klien

368

2,337

2,705

Karl Unger

278

448

726

The compensation to the members of the Supervisory Board for their work in the 2010 financial year was € 380,000. A provision of € 304,000 has been made for compensation of their work in the 2011 financial year. In 2011, € 33,375 (2010: € 39,225) were paid out in attendance fees and cash expenditures.

Figures in € thousand

2011

2010

For the current financial year (provision)

304

380

Meeting fees

33

39

Total

337

419

The Supervisory Board’s compensation (including attendance fees) was split between the individual members of the Supervisory Board as follows:

Name of the Board member

Compensation 20111)

Compensation 2010

Figures in € thousand

1)

The Management Board and the Supervisory Board are recommending to the 2012 Annual General Meeting that a resolution be passed to reduce compensation.

Christian Konrad

57

71

Georg Winckler

47

58

Walter Rothensteiner

41

51

Christian Kuhn

41

51

Markus Mair

17

Günther Reibersdorfer

36

28

Ewald Wetscherek

36

45

Ernst Burger

13

16

Erwin Hameseder

19

23

Eduard Lechner

19

24

Hannes Schmid

19

23

Former members of the Supervisory Board did not receive any compensation.

The information according to Section 239 paragraph 1 of the Austrian Commercial Code in connection with Section 80b of the Insurance Supervisory Act, which must be included in the Notes as mandatory information for IFRS financial statements to release the company from the requirement to prepare financial statements in accordance with the Austrian Commercial Code, is defined for the individual financial statements according to the provisions of the Austrian Commercial Code, with expanded scope. In addition to the executive functions (Management Board) of UNIQA Versicherungen AG, the individual financial statements also include the earnings of the Management Boards of the subsidiaries, insofar as there is a legally binding basis with UNIQA Versicherungen AG.

© 2012 BY UNIQA GROUP AUSTRIA