b) Share-based compensation plans for employees and executives
The Group encourages employees to own shares in Zurich Insurance Group Ltd and has set up a framework based
on the implementation of performance share programs. Actual plans are tailored to meet local market requirements.
Expenses for share-based payments depend on various factors, including achievement of targets, and are subject to
the discretion of the Remuneration Committee. The expenses may therefore vary significantly from year to year.
The net amount of USD 202 million and USD 50 million for the years ended December 31, 2014 and 2013, respectively,
reflects all aspects of share-based compensation, including adjustments made during the year.
The explanations below provide a more detailed overview of the main plans of the Group.