The members of the Management Board receive their remuneration exclusively from UNIQA Insurance Group AG, the Group holding company.
In € thousand |
2015 |
2014 |
||
|
||||
The expenses attributable to the financial year in question for the remuneration of the members of the Management Board amounted to: |
|
|
||
Fixed remuneration1) |
2,469 |
2,468 |
||
Variable remuneration |
1,029 |
2,242 |
||
Current remuneration |
3,498 |
4,710 |
||
Termination benefit entitlements |
0 |
0 |
||
Total |
3,498 |
4,710 |
||
of which proportionately recharged to operating subsidiaries: |
2,157 |
2,173 |
||
Former members of the Management Board and their surviving dependants received: |
2,751 |
2,706 |
||
The breakdown of the total Management Board remuneration among the individual members of the Management Board was as follows:
Name of Mgt. Board member |
Fixed remuneration |
Variable remuneration (STI)1) |
Multi-year share-based remuneration (LTI)2) |
Total current remuneration |
Termination benefit entitlements |
Total for |
||||
In € thousand |
||||||||||
|
||||||||||
Andreas Brandstetter |
609 |
250 |
0 |
859 |
0 |
859 |
||||
Hannes Bogner |
459 |
195 |
0 |
653 |
0 |
653 |
||||
Wolfgang Kindl |
459 |
190 |
0 |
649 |
0 |
649 |
||||
Thomas Münkel |
485 |
204 |
0 |
689 |
0 |
689 |
||||
Kurt Svoboda |
458 |
190 |
0 |
648 |
0 |
648 |
||||
Total 2015 |
2,469 |
1,029 |
0 |
3,498 |
0 |
3,498 |
||||
Total 2014 |
2,468 |
2,242 |
0 |
4,710 |
0 |
4,710 |
||||
In 2016, it is expected that the members of the Management Board of the UNIQA Insurance Group AG will be paid a variable remuneration (STI) in the amount of €1.9 million for the 2015 financial year.
In addition to the remuneration listed above, the following pension fund contributions were paid in the financial year for the existing pension commitments to the members of the Management Board. The compensation payments arise if a member of the Management Board steps down before the age of 65 because pension entitlements are generally funded in full until the age of 65.
Pensions Funds Contributions |
Regular |
Compensation |
Total for |
In € thousand |
|||
Andreas Brandstetter |
84 |
0 |
84 |
Hannes Bogner |
128 |
0 |
128 |
Wolfgang Kindl |
119 |
0 |
119 |
Thomas Münkel |
245 |
0 |
245 |
Kurt Svoboda |
105 |
0 |
105 |
Total 2015 |
681 |
0 |
681 |
Total 2014 |
681 |
0 |
681 |
The remuneration paid to the members of the Supervisory Board for their work in the 2014 financial year was €443,750. Provisions of €425,000 have been set aside for the remuneration to be paid for this work in 2015. A total of €49,100 was paid out in 2015 to cover attendance fees and out-of-pocket expenses (2014: €32,700).
In € thousand |
2015 |
2014 |
Current financial year (provision) |
425 |
444 |
Attendance fees |
49 |
33 |
Total |
474 |
476 |
The breakdown of the total remuneration (including attendance fees) paid to the individual members of the Supervisory Board was as follows:
Name of Supervisory Board member |
Remuneration |
Remuneration |
In € thousand |
||
Walter Rothensteiner |
74 |
72 |
Christian Kuhn |
65 |
61 |
Georg Winckler |
0 |
24 |
Erwin Hameseder |
65 |
62 |
Eduard Lechner |
65 |
53 |
Günther Reibersdorfer |
0 |
22 |
Ewald Wetscherek |
0 |
20 |
Markus Andréewitch |
33 |
20 |
Ernst Burger |
37 |
35 |
Peter Gauper |
39 |
35 |
Johannes Schuster |
37 |
35 |
Kory Sorenson |
43 |
27 |
Payments to employee representatives |
17 |
12 |
Total |
474 |
476 |
Former members of the Supervisory Board did not receive any remuneration.
The disclosures in accordance with Section 239(1) of the Austrian Commercial Code in conjunction with Section 80b of the Austrian Insurance Supervisory Act, which must be included as mandatory disclosures in the notes to the financial statements for IFRS financial statements to release the Company from the requirement to prepare financial statements in accordance with the Austrian Commercial Code, are defined more broadly for the separate financial statements in accordance with the provisions of the Austrian Commercial Code. The separate financial statements include not only the remuneration for the decision-making functions (Management Board) of UNIQA Insurance Group AG, but also the remuneration paid to the Management Boards of the subsidiaries if such remuneration is based on a contract with UNIQA Insurance Group AG.
