The remuneration report describes the structure and system of the remuneration for the Executive Board and Supervisory Board and provides detailed information about the individual remuneration of present and former members of the Executive Board and Supervisory Board of Hannover Rück SE that is granted and owing to them for their work in the 2021 financial year.

Due to the entry into force of the Act Implementing the Second Shareholders’ Rights Directive (ARUG II) on 12 December 2019, the Executive Board and Supervisory Board have drawn up the remuneration report for the 2021 financial year for the first time on the basis of the new regulatory requirements of § 162 Stock Corporation Act (AktG). The report is in conformity with the recommendations and suggestions of the German Corporate Governance Code (DCGK) as amended on 16 December 2019 and takes account of relevant regulatory provisions.

Information on the current remuneration system of the Executive Board in accordance with § 87a AktG (German Stock Corporation Act) and the latest resolution on remuneration of the Supervisory Board in accordance with § 113 subsection 3 AktG are available on https://www.hannover-re.com/1837381/2021-annual-general-meeting