Jacob F. Scherer, Jr

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, a 20% decrease compared to previous year.

Compensation breakdown

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, accounting for 33% of the total pay in 2018.

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.

Rankings

In 2018, Jacob F. Scherer, Jr's compensation ranked 4,030th out of 14,244 executives tracked by ExecPay. In other words, Scherer earned more than 71.7% of executives.

ClassificationRankingPercentile
All
4,030
out of 14,244
72nd
Division
Finance, Insurance, And Real Estate
740
out of 2,994
75th
Major group
Insurance Carriers
166
out of 401
59th
Industry group
Fire, Marine, And Casualty Insurance
66
out of 202
67th
Industry
Fire, Marine, and Casualty Insurance
66
out of 202
67th

Pay ratio

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

33

to 1

In 2018, the annual total compensation of Jacob F. Scherer, Jr was $2,887,005.

The annual total compensation of the median employee at Cincinnati Financial was $88,046.

The ratio of Jacob F. Scherer, Jr's pay to the pay of median employee was therefore 33 to one.

Source: SEC filing on March 13, 2019.

Scherer's colleagues

We found four more compensation records of executives who worked with Jacob F. Scherer, Jr at Cincinnati Financial in 2018.

2018

Steven Johnston

Cincinnati Financial

Chief Executive Officer

2018

Michael Sewell

Cincinnati Financial

Chief Financial Officer

2018

Martin Hollenbeck

Cincinnati Financial

Chief Investment Officer

2018

Martin Mullen

Cincinnati Financial

Chief Claims Officer and Senior Vice President The Cincinnati Insurance Company

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