Jacob F. Scherer, Jr

2019

In 2019, Jacob F. Scherer, Jr earned a total compensation of $3.2M as Chief Insurance Officer and Executive Vice President Retired The Cincinnati Insurance Company at Cincinnati Financial, a 10% increase compared to previous year.

Compensation breakdown

Non-Equity Incentive Plan$1,277,874
Option Awards$479,212
Salary$682,402
Stock Awards$725,469
Other$17,911
Total$3,182,868

Scherer received $1.3M in non-equity incentive plan, accounting for 40% of the total pay in 2019.

Scherer also received $479.2K in option awards, $682.4K in salary, $725.5K in stock awards and $17.9K in other compensation.

Rankings

In 2019, Jacob F. Scherer, Jr's compensation ranked 3,836th out of 13,971 executives tracked by ExecPay. In other words, Scherer earned more than 72.5% of executives.

ClassificationRankingPercentile
All
3,836
out of 13,971
73rd
Division
Finance, Insurance, And Real Estate
746
out of 2,901
74th
Major group
Insurance Carriers
165
out of 384
57th
Industry group
Fire, Marine, And Casualty Insurance
67
out of 200
67th
Industry
Fire, Marine, and Casualty Insurance
67
out of 200
67th

Pay ratio

Jacob F. Scherer, Jr's Pay$3,182,868
Median Employee's Pay$96,112
Pay Ratio

33

to 1

In 2019, the annual total compensation of Jacob F. Scherer, Jr was $3,182,868.

The annual total compensation of the median employee at Cincinnati Financial was $96,112.

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 18, 2020.

Scherer's colleagues

We found five more compensation records of executives who worked with Jacob F. Scherer, Jr at Cincinnati Financial in 2019.

2019

Steven Johnston

Cincinnati Financial

Chief Executive Officer

2019

Martin Mullen

Cincinnati Financial

Chief Claims Officer and Senior Vice President The Cincinnati Insurance Company

2019

Michael Sewell

Cincinnati Financial

Chief Financial Officer

2019

Martin Hollenbeck

Cincinnati Financial

Chief Investment Officer

2019

Stephen Spray

Cincinnati Financial

Chief Insurance Officer and Senior Vice President The Cincinnati Insurance Company

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