Jacob F. Scherer, Jr

Cincinnati Financial

Chief Insurance Officer and Executive Vice President The Cincinnati Insurance Company

Overview

Jacob F. Scherer, Jr made an average of $2.3M in compensation at Cincinnati Financial from 2006 to 2018.

Annual data

2018

In 2018, Jacob F. Scherer, Jr earned a total compensation of $2.9M as Chief Insurance Officer and Executive Vice President The Cincinnati Insurance Company at Cincinnati Financial.

Ranking3,286 out of 10,753
Percentile69.4%

Jacob F. Scherer, Jr's 2018 compensation ranked 3,286th out of 10,753 executive pay records tracked by us this year.

Scherer earned more than 69.4% of all executives tracked by us in 2018.

Industry groupFire, Marine, And Casualty Insurance
Ranking41 out of 137
Percentile70.1%

In the industry group of Fire, Marine, And Casualty Insurance, Scherer's pay ranked 41st out of 137 executive pay records tracked by us in 2018.

Scherer earned more than 70.1% of executives in this group.

Change in Pension Value and Nonqualified Deferred Compensation Earnings$621,358
Non-Equity Incentive Plan$185,918
Option Awards$464,800
Salary$949,152
Stock Awards$638,786
Other$26,991
Total$2,887,005

Scherer received $949.2K in salary, which accounts for 32.88% of total compensation.

Scherer also received $621.4K of change in pension value and nonqualified deferred compensation earnings, $185.9K in non-equity incentive plan, $464.8K in option awards, $638.8K in stock awards and $27K in other compensation.

Jacob F. Scherer, Jr's Pay$2,887,005
Median Employee's Pay$88,046
Pay Ratio33 : 1

For fiscal year 2018, the annual total compensation for Jacob F. Scherer, Jr was $2,887,005 and for the median employee at Cincinnati Financial was $88,046. The resulting ratio of Jacob F. Scherer, Jr's pay to the pay of median employee was 33 to one.

2017

In 2017, Jacob F. Scherer, Jr earned a total compensation of $3.6M as Chief Insurance Officer and Executive Vice President The Cincinnati Insurance Company at Cincinnati Financial.

Ranking2,734 out of 13,682
Percentile80.0%

Jacob F. Scherer, Jr's 2017 compensation ranked 2,734th out of 13,682 executive pay records tracked by us this year.

Scherer earned more than 80.0% of all executives tracked by us in 2018.

Industry groupFire, Marine, And Casualty Insurance
Ranking48 out of 191
Percentile74.9%

In the industry group of Fire, Marine, And Casualty Insurance, Scherer's pay ranked 48th out of 191 executive pay records tracked by us in 2017.

Scherer earned more than 74.9% of executives in this group.

Change in Pension Value and Nonqualified Deferred Compensation Earnings$506,246
Non-Equity Incentive Plan$1,203,350
Option Awards$451,262
Salary$921,351
Stock Awards$495,696
Other$35,832
Total$3,613,737

Scherer received $1.2M in non-equity incentive plan, which accounts for 33.30% of total compensation.

Scherer also received $506.2K of change in pension value and nonqualified deferred compensation earnings, $451.3K in option awards, $921.4K in salary, $495.7K in stock awards and $35.8K in other compensation.

2016

In 2016, Jacob F. Scherer, Jr earned a total compensation of $3.3M as Chief Insurance Officer and Executive Vice President The Cincinnati Insurance Company at Cincinnati Financial.

Ranking2,820 out of 14,016
Percentile79.9%

Jacob F. Scherer, Jr's 2016 compensation ranked 2,820th out of 14,016 executive pay records tracked by us this year.

Scherer earned more than 79.9% of all executives tracked by us in 2018.

Industry groupFire, Marine, And Casualty Insurance
Ranking57 out of 206
Percentile72.3%

In the industry group of Fire, Marine, And Casualty Insurance, Scherer's pay ranked 57th out of 206 executive pay records tracked by us in 2016.

Scherer earned more than 72.3% of executives in this group.

Change in Pension Value and Nonqualified Deferred Compensation Earnings$575,137
Non-Equity Incentive Plan$1,160,572
Option Awards$93,542
Salary$887,747
Stock Awards$581,968
Other$19,200
Total$3,318,166

Scherer received $1.2M in non-equity incentive plan, which accounts for 34.98% of total compensation.

Scherer also received $575.1K of change in pension value and nonqualified deferred compensation earnings, $93.5K in option awards, $887.7K in salary, $582K in stock awards and $19.2K in other compensation.

2015

In 2015, Jacob F. Scherer, Jr earned a total compensation of $2.3M as Chief Insurance Officer and Executive Vice President The Cincinnati Insurance Company at Cincinnati Financial.

Ranking4,237 out of 13,575
Percentile68.8%

Jacob F. Scherer, Jr's 2015 compensation ranked 4,237th out of 13,575 executive pay records tracked by us this year.

Scherer earned more than 68.8% of all executives tracked by us in 2018.

Industry groupFire, Marine, And Casualty Insurance
Ranking82 out of 206
Percentile60.2%

In the industry group of Fire, Marine, And Casualty Insurance, Scherer's pay ranked 82nd out of 206 executive pay records tracked by us in 2015.

Scherer earned more than 60.2% of executives in this group.

Change in Pension Value and Nonqualified Deferred Compensation Earnings$721,831
Non-Equity Incentive Plan$169,015
Option Awards$90,465
Salary$863,477
Stock Awards$410,863
Other$13,842
Total$2,269,493

Scherer received $863.5K in salary, which accounts for 38.05% of total compensation.

Scherer also received $721.8K of change in pension value and nonqualified deferred compensation earnings, $169K in non-equity incentive plan, $90.5K in option awards, $410.9K in stock awards and $13.8K in other compensation.

2014

In 2014, Jacob F. Scherer, Jr earned a total compensation of $2.6M as Chief Insurance Officer and Executive Vice President The Cincinnati Insurance Company at Cincinnati Financial.

Ranking3,489 out of 12,903
Percentile73.0%

Jacob F. Scherer, Jr's 2014 compensation ranked 3,489th out of 12,903 executive pay records tracked by us this year.

Scherer earned more than 73.0% of all executives tracked by us in 2018.

Industry groupFire, Marine, And Casualty Insurance
Ranking94 out of 211
Percentile55.5%

In the industry group of Fire, Marine, And Casualty Insurance, Scherer's pay ranked 94th out of 211 executive pay records tracked by us in 2014.

Scherer earned more than 55.5% of executives in this group.

Change in Pension Value and Nonqualified Deferred Compensation Earnings$766,538
Non-Equity Incentive Plan$552,338
Option Awards$90,151
Salary$845,942
Stock Awards$325,573
Other$24,761
Total$2,605,303

Scherer received $845.9K in salary, which accounts for 32.47% of total compensation.

Scherer also received $766.5K of change in pension value and nonqualified deferred compensation earnings, $552.3K in non-equity incentive plan, $90.2K in option awards, $325.6K in stock awards and $24.8K in other compensation.

2013

In 2013, Jacob F. Scherer, Jr earned a total compensation of $3M as Chief Insurance Officer and Executive Vice President The Cincinnati Insurance Company at Cincinnati Financial.

Ranking2,535 out of 12,010
Percentile78.9%

Jacob F. Scherer, Jr's 2013 compensation ranked 2,535th out of 12,010 executive pay records tracked by us this year.

Scherer earned more than 78.9% of all executives tracked by us in 2018.

Industry groupFire, Marine, And Casualty Insurance
Ranking70 out of 200
Percentile65.0%

In the industry group of Fire, Marine, And Casualty Insurance, Scherer's pay ranked 70th out of 200 executive pay records tracked by us in 2013.

Scherer earned more than 65.0% of executives in this group.

Change in Pension Value and Nonqualified Deferred Compensation Earnings$576,577
Non-Equity Incentive Plan$1,072,500
Option Awards$87,210
Salary$813,462
Stock Awards$403,799
Other$17,882
Total$2,971,429

Scherer received $1.1M in non-equity incentive plan, which accounts for 36.09% of total compensation.

Scherer also received $576.6K of change in pension value and nonqualified deferred compensation earnings, $87.2K in option awards, $813.5K in salary, $403.8K in stock awards and $17.9K in other compensation.

2012

In 2012, Jacob F. Scherer, Jr earned a total compensation of $2.3M as Chief Insurance Officer and Executive Vice President The Cincinnati Insurance Company at Cincinnati Financial.

Ranking3,048 out of 11,068
Percentile72.5%

Jacob F. Scherer, Jr's 2012 compensation ranked 3,048th out of 11,068 executive pay records tracked by us this year.

Scherer earned more than 72.5% of all executives tracked by us in 2018.

Industry groupFire, Marine, And Casualty Insurance
Ranking82 out of 191
Percentile57.1%

In the industry group of Fire, Marine, And Casualty Insurance, Scherer's pay ranked 82nd out of 191 executive pay records tracked by us in 2012.

Scherer earned more than 57.1% of executives in this group.

Change in Pension Value and Nonqualified Deferred Compensation Earnings$613,312
Non-Equity Incentive Plan$487,500
Option Awards$72,575
Salary$750,000
Stock Awards$358,430
Other$15,299
Total$2,297,116

Scherer received $750K in salary, which accounts for 32.65% of total compensation.

Scherer also received $613.3K of change in pension value and nonqualified deferred compensation earnings, $487.5K in non-equity incentive plan, $72.6K in option awards, $358.4K in stock awards and $15.3K in other compensation.

2011

In 2011, Jacob F. Scherer, Jr earned a total compensation of $1.9M as Chief Insurance Officer and Executive Vice President The Cincinnati Insurance Company at Cincinnati Financial.

Ranking3,426 out of 10,166
Percentile66.3%

Jacob F. Scherer, Jr's 2011 compensation ranked 3,426th out of 10,166 executive pay records tracked by us this year.

Scherer earned more than 66.3% of all executives tracked by us in 2018.

Industry groupFire, Marine, And Casualty Insurance
Ranking89 out of 186
Percentile52.2%

In the industry group of Fire, Marine, And Casualty Insurance, Scherer's pay ranked 89th out of 186 executive pay records tracked by us in 2011.

Scherer earned more than 52.2% of executives in this group.

Change in Pension Value and Nonqualified Deferred Compensation Earnings$383,887
Non-Equity Incentive Plan$487,500
Option Awards$69,587
Salary$734,177
Stock Awards$182,059
Other$13,751
Total$1,870,961

Scherer received $734.2K in salary, which accounts for 39.24% of total compensation.

Scherer also received $383.9K of change in pension value and nonqualified deferred compensation earnings, $487.5K in non-equity incentive plan, $69.6K in option awards, $182.1K in stock awards and $13.8K in other compensation.

2010

In 2010, Jacob F. Scherer, Jr earned a total compensation of $1.2M as Chief Insurance Officer and Executive Vice President The Cincinnati Insurance Company at Cincinnati Financial.

Ranking4,372 out of 9,654
Percentile54.7%

Jacob F. Scherer, Jr's 2010 compensation ranked 4,372nd out of 9,654 executive pay records tracked by us this year.

Scherer earned more than 54.7% of all executives tracked by us in 2018.

Industry groupFire, Marine, And Casualty Insurance
Ranking101 out of 178
Percentile43.3%

In the industry group of Fire, Marine, And Casualty Insurance, Scherer's pay ranked 101st out of 178 executive pay records tracked by us in 2010.

Scherer earned more than 43.3% of executives in this group.

Change in Pension Value and Nonqualified Deferred Compensation Earnings$360,733
Option Awards$58,738
Salary$666,659
Stock Awards$136,461
Other$14,817
Total$1,237,408

Scherer received $666.7K in salary, which accounts for 53.88% of total compensation.

Scherer also received $360.7K of change in pension value and nonqualified deferred compensation earnings, $58.7K in option awards, $136.5K in stock awards and $14.8K in other compensation.

2007

In 2007, Jacob F. Scherer, Jr earned a total compensation of $1.1M as Senior Vice President The Cincinnati Insurance Company at Cincinnati Financial.

Ranking3,314 out of 7,244
Percentile54.3%

Jacob F. Scherer, Jr's 2007 compensation ranked 3,314th out of 7,244 executive pay records tracked by us this year.

Scherer earned more than 54.3% of all executives tracked by us in 2018.

Industry groupFire, Marine, And Casualty Insurance
Ranking66 out of 111
Percentile40.5%

In the industry group of Fire, Marine, And Casualty Insurance, Scherer's pay ranked 66th out of 111 executive pay records tracked by us in 2007.

Scherer earned more than 40.5% of executives in this group.

Bonus$380,632
Change in Pension Value and Nonqualified Deferred Compensation Earnings$139,082
Option Awards$175,085
Salary$411,090
Stock Awards$22,770
Other$14,263
Total$1,142,922

Scherer received $411.1K in salary, which accounts for 35.97% of total compensation.

Scherer also received $380.6K in bonus, $139.1K of change in pension value and nonqualified deferred compensation earnings, $175.1K in option awards, $22.8K in stock awards and $14.3K in other compensation.

2006

In 2006, Jacob F. Scherer, Jr earned a total compensation of $1.4M as Senior Vice President The Cincinnati Insurance Company at Cincinnati Financial.

Ranking2,042 out of 5,647
Percentile63.8%

Jacob F. Scherer, Jr's 2006 compensation ranked 2,042nd out of 5,647 executive pay records tracked by us this year.

Scherer earned more than 63.8% of all executives tracked by us in 2018.

Industry groupFire, Marine, And Casualty Insurance
Ranking64 out of 113
Percentile43.4%

In the industry group of Fire, Marine, And Casualty Insurance, Scherer's pay ranked 64th out of 113 executive pay records tracked by us in 2006.

Scherer earned more than 43.4% of executives in this group.

Bonus$362,507
Change in Pension Value and Nonqualified Deferred Compensation Earnings$415,387
Option Awards$208,542
Salary$367,843
Stock Awards$452
Other$14,565
Total$1,369,296

Scherer received $415.4K of change in pension value and nonqualified deferred compensation earnings, which accounts for 30.34% of total compensation.

Scherer also received $362.5K in bonus, $208.5K in option awards, $367.8K in salary, $452 in stock awards and $14.6K in other compensation.