Swiss Re shareholders approve all proposals at 2024 AGM

<div id="" markup="content"> <div> <p><span><span style="font-weight: bold;">Zurich, 12 April 2024 – Swiss</span><span style="font-weight: bold;"> </span><span style="font-weight: bold;">Re's shareholders approved all motions put forward by the Board of Directors at today's Annual General Meeting (AGM). In particular:</span></span></p> <ul type="disc"> <li><span style="font-weight: bold;">The distribution of an ordinary dividend of USD</span><span style="font-weight: bold;"> </span><span style="font-weight: bold;">6.80 per share</span></li> <li><span style="font-weight: bold;">The election of Jacques</span><span style="font-weight: bold;"> </span><span style="font-weight: bold;">de</span><span style="font-weight: bold;"> </span><span style="font-weight: bold;">Vaucleroy as new Chairman of the Board of Directors for a one-year term</span></li> <li><span style="font-weight: bold;">The re-election of all proposed members of the Board for a one-year term </span></li> <li><span style="font-weight: bold;">The election of Geraldine Matchett as a new Board member for a one-year term</span></li> </ul> <p><span style="font-weight: bold;">Distribution of the dividend </span></p> <p><span>With a majority of 99.26% of the votes cast, shareholders approved the proposal of the Board of Directors to pay out an ordinary dividend of USD</span><span> </span><span>6.80 per share for the 2023 financial year, reflecting Swiss</span><span> Re's strong capital position and capital management priorities.</span></p> <p><span>The dividend will be paid converted into Swiss francs, out of voluntary profit reserves and will be distributed beginning 18</span><span> </span><span>April</span><span> </span><span>2024. From 16</span><span> </span><span>April</span><span> </span><span>2024, Swiss</span><span> </span><span>Re shares will be traded ex-dividend. </span></p> <p><span style="font-weight: bold;">Elections to the Board of Directors</span></p> <p><span>Shareholders approved the re-election of Jacques</span><span> </span><span>de</span><span> </span><span>Vaucleroy as a member of the Board of Directors and his election as new Chairman of the Board of Directors, each for a one-year term of office until completion of the next AGM.</span></p> <p><span>Swiss</span><span> </span><span>Re's new Chairman Jacques</span><span> </span><span>de</span><span> </span><span>Vaucleroy said: "I would like to thank shareholders for their support and trust in me. Since joining the Board of Directors seven years ago, my appreciation for Swiss Re has only grown. I look forward to continuing to work with the Board of Directors and the management team as we remain focused on increasing profitability and shareholder returns."</span></p> <p><span>The shareholders re-elected all other proposed members of the Board of Directors for a one-year term of office. Geraldine Matchett was elected as a new Board member, for a one-year term as well. </span></p> <p><span>In addition, shareholders re-elected all proposed Compensation Committee members for a one-year period. </span></p> <p><span style="font-weight: bold;">Approval of the compensation of the Board of Directors and Group Executive Committee</span></p> <p><span>Shareholders approved with 83.16% of the votes cast the maximum aggregate amount of compensation for the members of the Board of Directors for the one-year term until the completion of the 2025 AGM. </span></p> <p><span>Shareholders also approved the aggregate amount of variable short-term compensation for the members of the Group Executive Committee for the 2023 financial year with 93.51% of the votes cast. In addition, shareholders approved the maximum aggregate amount of fixed compensation and variable long-term compensation for the members of the Group Executive Committee for the 2025 financial year with 83.69%. </span></p> <p><span>In a consultative vote, the shareholders approved the 2023 Compensation Report with 90.45% of the votes cast.</span></p> <p><span style="font-weight: bold;">Additional voting results and information</span></p> <p><span>Further motions by the Board of Directors that were approved by today's AGM included:</span></p> <ul type="disc"> <li><span>The company's Annual Report (including the Management Report) and the annual and consolidated financial statements for the 2023 financial year</span></li> <li><span>The company's Sustainability Report 2023 in a consultative vote</span></li> <li><span>The discharge of all members of the Board of Directors for the last financial year</span></li> </ul> <p><span>Detailed voting results and the minutes of the AGM will be available on Swiss</span><span> </span><span>Re's <a href="http://www.swissre.com/investors/financial-calendar/20240412-160-agm-investors.html" style="text-decoration: none;">website</a>.</span><span> A replay of today's AGM as well as the speeches of the Chairman and the Group CEO can also be accessed on the <a href="http://www.swissre.com/investors/financial-calendar/20240412-160-agm-investors.html" style="text-decoration: none;">website</a></span><span>.</span></p> </div></div>