Share-based remuneration

The following share-based remuneration schemes were operating within the Group in the 2013 financial year:

  • Stock appreciation rights scheme (SAR) of Hannover Rück SE (operating since 2000, being phased out in stages since 2011 and close to being wound up)
  • share award scheme (share-based remuneration in the form of virtual shares, operating since 2011)

These schemes and their impact on the profit for the year and the Group’s assets, financial position and net income are described below.