Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-09-16

Octave Specialty Group (AMBC)

CEO Claude LeBlanc was paid $10,356,228 in fiscal year 2025, ↑ up 63.3% from fiscal year 2024, the 99th percentile of its disclosed peer group (SEC filing 0001628280-26-024684 ↗): executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$10,356,228 ↑
Claude LeBlanc total, FY2025
99th
CEO pay percentile vs peers
—
CEO-to-median pay ratio
70.02%
Say-on-pay support, latest vote

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AMBC's next annual pay disclosure, estimated April 10, 2027.est. Filing ↗

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Claude LeBlanc$900,000$900,000$6,108,742$1,467,000$945,000$0$35,486$10,356,228
President and Chief Executive Officer
David Trick712,500600,0001,550,0501,028,000357,000015,1844,262,734
Executive Vice President, Chief Financial Officer and Treasurer
Stephen Ksenak550,0000773,0100002,381,7523,704,762
Former Senior Managing Director and Chief Legal Officer
R. Sharon Smith500,000500,0001,347,544833,623357,000021,1843,559,351
Executive Vice President and Group Chief Operating Officer
Daniel McGinnis389,5830438,0370001,484,8772,312,497
Former Senior Managing Director and Chief Operating Officer
Lawrence Metz167,30700099,22507,105273,637
Senior Managing Director and General Counsel

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY2024→2025
Claude LeBlanc$10,356,228$6,340,720$6,917,719↑ +4,015,508
David Trick4,262,7342,302,3442,458,764↑ +1,960,390
Stephen Ksenak3,704,7621,942,4912,088,187↑ +1,762,271
R. Sharon Smith3,559,3511,963,8302,117,129↑ +1,595,521
Daniel McGinnis2,312,4971,165,3801,244,940↑ +1,147,117
Lawrence Metz273,637———

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

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Companies that benchmark against AMBC
2 companies name AMBC as a compensation peer

The list of companies that name AMBC as a peer is temporarily unavailable — recheck shortly.

01b

Executives — the named officers

One page per officer: the same table above, read for one person at a time — his own figure and every fiscal year the register holds.

ExecutiveRoleFY2025 total
Daniel McGinnisCOO$2,312,497
R. Sharon SmithExecutive$3,559,351
Stephen KsenakGeneral Counsel$3,704,762
David TrickCFO$4,262,734
02

Equity transactions since the proxy statement was filed

No insider equity transactions reported since the proxy statement.

03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Claude LeBlancPSU2025-07-09190,978381,955—763,910$2,753,896
David TrickPSU2025-10-03————1,028,000
R. Sharon SmithPSU2025-07-0941,19282,383—164,766593,981
R. Sharon SmithPSU2025-10-03————833,623
R. Sharon SmithPSU2025-10-03————497,234
R. Sharon SmithPSU2025-07-09————256,329
David TrickPSU2025-07-09————287,394
David TrickPSU2025-10-03————596,675
David TrickPSU2025-07-0946,18592,369—184,738665,980
Stephen KsenakPSU2025-07-0937,44774,894—149,788539,986
Stephen KsenakPSU2025-07-09————233,024
Claude LeBlancPSU2025-10-03————2,088,360
Claude LeBlancPSU2025-07-09————857,007
Claude LeBlancPSU2025-10-03————1,467,000
Claude LeBlancPSU2025-10-03————409,481
Daniel McGinnisPSU2025-07-09————132,045
Daniel McGinnisPSU2025-07-0921,22042,440—84,880305,992
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Claude LeBlanc$0$7,575,744$0100.0%
David Trick02,578,0490100.0%
R. Sharon Smith02,181,1670100.0%
Stephen Ksenak0773,0100100.0%
Daniel McGinnis0438,0370100.0%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Claude LeBlancPSU3,640,783—$3,407,533
David TrickPSU960,355—338,338
R. Sharon SmithPSU826,236—308,830
David TrickRSU350,375—123,439
Claude LeBlancRSU500,000—467,967
R. Sharon SmithRSU284,125—106,200
05

Incentive-plan design — the Compensation Discussion & Analysis

The executive compensation program is designed to support the achievement of key business objectives and reflect the Company's current strategic direction and business profile. It aims to attract, retain, and motivate high-quality executives by providing competitive compensation, aligning pay with performance through a substantial portion of at-risk, performance-based incentives, and aligning long-term interests with stockholders through equity-based compensation.

CEO STI target (% of salary)NaN%
CEO LTI target (% of salary)—
Independent consultantMeridian Compensation Partners, LLC
Clawback policyEffective October 2, 2023, the Board adopted a Recoupment Policy requiring covered employees to forfeit and/or reimburse recoverable compensation in the event of an accounting restatement.
Anti-hedgingExecutive officers, employees, and directors are prohibited from engaging in transactions (such as trading in options) designed to hedge against the value of the Octave common stock.
Anti-pledgingExecutive officers, employees, and directors are prohibited from pledging Octave common stock or using Octave common stock as collateral for any margin loan.
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-05-2819,180,3548,212,1271,798,84470.02%Passed
20252025-05-2823,107,4726,234,365753,05878.75%Passed
20232023-06-2225,414,6878,253,729269,70175.49%Passed
20222022-05-2615,479,04714,984,903280,58650.81%Passed
20212021-05-2522,661,9497,420,674345,23675.33%Passed
20202020-06-0228,086,2951,473,345261,44295.02%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.

Say-on-pay — history, company's computation

Meeting yearMeeting dateApproval — company's computation
20262026-05-2870.02%a
20252025-05-2878.75%b
20232023-06-2275.49%c

a. Voting standard not stated in the filing.

b. Voting standard not stated in the filing.

c. Voting standard not stated in the filing.

Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Jeffrey S. SteinIndependent · Board Chair · Governance and Nominating$225,000$180,622——$0$405,622
Ian D. HaftIndependent · Strategy135,000180,622——0315,622
Kristi A. MatusIndependent · Audit · Compensation (Chair)125,000180,622——0305,622
Lisa G. IglesiasIndependent · Audit · Governance and Nominating (Chair)115,000180,622——0295,622
Joan Lamm-TennantIndependent · Compensation · Governance and Nominating115,000180,622——0295,622
Michael D. PriceIndependent · Compensation · Strategy100,000180,622——0280,622
Claude LeBlancEmployee director—————0
09

Board fee structure and ownership guideline

Annual cash retainer$100,000
Annual equity retainer$150,000
Per board meeting fee—
Committee chair fees (audit / comp / nom-gov)35,000 / 25,000 / 15,000
Stock ownership guideline$5
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$815,000
Equity awards (grant-date value)$1,083,732
All other compensation$0
Total cost of the board$1,898,732

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10

Disclosed peer group — fiscal year 2025

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

10a

Peer reciprocity

Of the companies Octave Specialty Group names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.

Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including Octave Specialty Group.

10b

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Octave Specialty Group2025Claude LeBlanc$900,000$6,108,742$1,467,000$945,000$10,356,228
2SiriusPoint Ltd.2025Scott Egan1,169,7404,134,12301,600,1599,824,137
3Palomar Holdings, Inc.2025Mac Armstrong1,243,2693,862,33003,843,2988,961,148
4Horace Mann Educators Corporation2025Marita Zuraitis1,040,0003,328,000832,0003,139,5008,453,113
5HCI Group, Inc.2025Paresh Patel950,0000008,236,000
6Tiptree Inc.2025Michael Barnes1,200,0001,317,81805,651,6208,215,284
7White Mountains Insurance Group, Ltd.2025G. Manning Rountree600,0005,954,61801,200,0008,064,309
8ProAssurance Corporation2024Edward L. Rand, Jr.1,029,2312,593,35502,496,0006,226,834
9Skyward Specialty Insurance Group, Inc.2025Andrew Robinson975,0001,563,11702,973,0005,532,117
10Heritage Insurance Holdings, Inc.2025Ernie Garateix875,5002,757,82401,663,4505,341,897
11The Baldwin Insurance Group, Inc.2025Trevor Baldwin400,0003,068,03201,785,0005,253,032
12Universal Insurance Holdings, Inc.2025Stephen Donaghy1,000,0001,750,01402,406,8445,240,829
13Goosehead Insurance, Inc.2025Mark K. Miller750,00003,682,40004,850,272
14Hagerty, Inc.2025McKeel Hagerty1,185,417200,88603,319,1694,732,132
15Bowhead Specialty Holdings Inc.2025Stephen Sills675,0003,120,966004,309,280
16James River Group Holdings, Ltd.2025Frank D'Orazio990,791966,6180934,8912,930,288

Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Octave Specialty Group84.0%%PSUs 70 · RSUs 30NoMeridian Compensation Partners, LLC
Bowhead Specialty Holdings Inc.not disclosednot disclosedNonot disclosed
Goosehead Insurance, Inc.not disclosedOption 100not disclosedSemler
Hagerty, Inc.140%PSU 100NoMercer
HCI Group, Inc.not disclosedRSU 100not disclosednot disclosed
Heritage Insurance Holdings, Inc.158%PSU 62 · RSU 38Nonot disclosed
Horace Mann Educators Corporationnot disclosedPSU 60 · Options 20 · RSU 20Yes — TSRCompensation Advisory Partners LLC (CAP)
James River Group Holdings, Ltd.not disclosedPSU 50 · RSU 50NoAon
Palomar Holdings, Inc.176%PSU 50 · RSU 50NoPay Governance
ProAssurance Corporation200%PSU 50 · RSU 50NoF.W. Cook
SiriusPoint Ltd.151.3%PSU 75 · RSU 25NoMercer
Skyward Specialty Insurance Group, Inc.150%not disclosedNoF.W. Cook
The Baldwin Insurance Group, Inc.111.6%PSU 100Yes — Relative TSR v. Compensation Peer GroupFrederic W. Cook & Co., Inc.
Tiptree Inc.not disclosednot disclosedNoCAP
Universal Insurance Holdings, Inc.160.5%PSU 50 · RSU 50Nonot disclosed
White Mountains Insurance Group, Ltd.200%PSU 50 · RSU 50Nonot disclosed

Read from each company's Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company's filing does not state the item.

10d

Frequently asked questions

Who was the highest-paid executive at Octave Specialty Group in fiscal 2025?
As disclosed, Claude LeBlanc (President and Chief Executive Officer) was the highest-paid executive at Octave Specialty Group in fiscal 2025, with total compensation of $10,356,228.
How does Octave Specialty Group's chief executive pay compare to its disclosed peer group?
As disclosed, Claude LeBlanc's total compensation ranked at the 99th percentile of Octave Specialty Group's disclosed peer group.
How did shareholders vote on Octave Specialty Group's executive compensation?
As disclosed, 70.02% of shareholders supported Octave Specialty Group's executive compensation in the latest say-on-pay vote.
How much does Octave Specialty Group spend in total on board compensation for fiscal 2025?
As disclosed, Octave Specialty Group reported total board compensation of $1,898,732 for fiscal 2025.

Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Claude LeBlancDEF 14A2026-04-100001628280-26-024684Section “Executive Compensation”. As printed: 10,356,228. Filing ↗machine: r2 · c24 · span 744140–744150
2Section 01, David TrickDEF 14A2026-04-100001628280-26-024684Section “Executive Compensation”. As printed: 4,262,734. Filing ↗machine: r5 · c24 · span 753789–753798
3Section 01, Stephen KsenakDEF 14A2026-04-100001628280-26-024684Section “Executive Compensation”. As printed: 3,704,762. Filing ↗machine: r14 · c24 · span 781920–781929
4Section 01, R. Sharon SmithDEF 14A2026-04-100001628280-26-024684Section “Executive Compensation”. As printed: 3,559,351. Filing ↗machine: r8 · c24 · span 763037–763046
5Section 01, Daniel McGinnisDEF 14A2026-04-100001628280-26-024684Section “Executive Compensation”. As printed: 2,312,497. Filing ↗machine: r17 · c24 · span 791581–791590
6Section 01, Lawrence MetzDEF 14A2026-04-100001628280-26-024684Section “Executive Compensation”. As printed: 273,637. Filing ↗machine: r11 · c24 · span 772697–772704
7Section 03, Claude LeBlanc PSUDEF 14A2026-04-100001628280-26-024684Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 828573–828583
8Section 03, David Trick PSUDEF 14A2026-04-100001628280-26-024684Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 862324–862333
9Section 03, R. Sharon Smith PSUDEF 14A2026-04-100001628280-26-024684Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 870172–870180
10Section 03, R. Sharon Smith PSUDEF 14A2026-04-100001628280-26-024684Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 882249–882256
11Section 03, R. Sharon Smith PSUDEF 14A2026-04-100001628280-26-024684Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 878197–878204
12Section 03, R. Sharon Smith PSUDEF 14A2026-04-100001628280-26-024684Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 874143–874150
13Section 03, David Trick PSUDEF 14A2026-04-100001628280-26-024684Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 855618–855625
14Section 03, David Trick PSUDEF 14A2026-04-100001628280-26-024684Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 859100–859107
15Section 03, David Trick PSUDEF 14A2026-04-100001628280-26-024684Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 852090–852097
16Section 03, Stephen Ksenak PSUDEF 14A2026-04-100001628280-26-024684Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 894708–894716
17Section 03, Stephen Ksenak PSUDEF 14A2026-04-100001628280-26-024684Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 898679–898686
18Section 03, Claude LeBlanc PSUDEF 14A2026-04-100001628280-26-024684Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 840656–840665
19Section 03, Claude LeBlanc PSUDEF 14A2026-04-100001628280-26-024684Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 832547–832554
20Section 03, Claude LeBlanc PSUDEF 14A2026-04-100001628280-26-024684Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 844710–844719
21Section 03, Claude LeBlanc PSUDEF 14A2026-04-100001628280-26-024684Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 836601–836608
22Section 03, Daniel McGinnis PSUDEF 14A2026-04-100001628280-26-024684Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 911483–911490
23Section 03, Daniel McGinnis PSUDEF 14A2026-04-100001628280-26-024684Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 906944–906952
24Section 08, Jeffrey S. SteinDEF 14A2026-04-100001628280-26-024684Section “Director Compensation”. As printed: 405,622. Filing ↗machine: span 439748–439874
25Section 08, Ian D. HaftDEF 14A2026-04-100001628280-26-024684Section “Director Compensation”. As printed: 315,622. Filing ↗machine: span 435283–435409
26Section 08, Kristi A. MatusDEF 14A2026-04-100001628280-26-024684Section “Director Compensation”. As printed: 305,622. Filing ↗machine: span 441234–441360
27Section 08, Lisa G. IglesiasDEF 14A2026-04-100001628280-26-024684Section “Director Compensation”. As printed: 295,622. Filing ↗machine: span 436770–436896
28Section 08, Joan Lamm-TennantDEF 14A2026-04-100001628280-26-024684Section “Director Compensation”. As printed: 295,622. Filing ↗machine: span 438261–438387
29Section 08, Michael D. PriceDEF 14A2026-04-100001628280-26-024684Section “Director Compensation”. As printed: 280,622. Filing ↗machine: span 442895–443021
30Section 08, Claude LeBlancDEF 14A2026-04-100001628280-26-024684Section “Director Compensation”. As printed: 0. Filing ↗
31Section 06, 2026 voteForm 8-K2026-05-290001628280-26-039234Item 5.07 · say-on-pay result. As reported: 70.02% (votes for as printed: 19,180,354). Filing ↗
32Section 06, 2025 voteForm 8-K2025-05-300000874501-25-000095Item 5.07 · say-on-pay result. As reported: 78.75% (votes for as printed: 23,107,472). Filing ↗
33Section 06, 2023 voteForm 8-K2023-06-220000874501-23-000109Item 5.07 · say-on-pay result. As reported: 75.49% (votes for as printed: 25,414,687). Filing ↗
34Section 01 trend, Δ column (computed)Computed——Δ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
35Section 03b vehicle mix (computed)Computed——RSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
36Section 09b board cost (computed)Computed——Cash 815,000 + equity 1,083,732 + all other 0 = 1,898,732, summed across the director compensation table rows.machine: formula: Σ = 1,898,732
37Octave Specialty Group (subject), Section 10b CEO totalDEF 14A2026-04-100001628280-26-024684CEO total compensation as printed in Octave Specialty Group's own proxy. As printed: 10,356,228. Filing ↗machine: r2 · c24 · span 744140–744150
38SiriusPoint Ltd., Section 10b CEO totalDEF 14A2026-04-100001174947-26-000480CEO total compensation as printed in SiriusPoint Ltd.'s own proxy. As printed: 9,824,137. Filing ↗machine: t194 · r1 · c8 · span 1029632–1029641
39Palomar Holdings, Inc., Section 10b CEO totalDEF 14A2026-04-100002071876-26-000105CEO total compensation as printed in Palomar Holdings, Inc.'s own proxy. As printed: 8,961,148. Filing ↗machine: r1 · c6 · span 800817–800826
40Horace Mann Educators Corporation, Section 10b CEO totalDEF 14A2026-04-060000850141-26-000014CEO total compensation as printed in Horace Mann Educators Corporation's own proxy. As printed: 8,453,113. Filing ↗machine: r2 · c24 · span 614401–614410
41HCI Group, Inc., Section 10b CEO totalDEF 14A2026-04-290001193125-26-191649CEO total compensation as printed in HCI Group, Inc.'s own proxy. As printed: 8,236,000. Filing ↗machine: span 700093–700102
42Tiptree Inc., Section 10b CEO totalDEF 14A2026-03-160001393726-26-000015CEO total compensation as printed in Tiptree Inc.'s own proxy. As printed: 8,215,284. Filing ↗machine: r2 · c29 · span 1072009–1072018
43White Mountains Insurance Group, Ltd., Section 10b CEO totalDEF 14A2026-04-010001104659-26-038487CEO total compensation as printed in White Mountains Insurance Group, Ltd.'s own proxy. As printed: 8,064,309. Filing ↗machine: r1 · c17 · span 467331–467340
44ProAssurance Corporation, Section 10b CEO totalDEF 14A2025-04-110001875246-25-000023CEO total compensation as printed in ProAssurance Corporation's own proxy. As printed: 6,226,834. Filing ↗machine: t35 · r3 · c9 · span 415811–415820
45Skyward Specialty Insurance Group, Inc., Section 10b CEO totalDEF 14A2026-03-250001519449-26-000021CEO total compensation as printed in Skyward Specialty Insurance Group, Inc.'s own proxy. As printed: 5,532,117. Filing ↗machine: span 512894–512903
46Heritage Insurance Holdings, Inc., Section 10b CEO totalDEF 14A2026-04-300001193125-26-197339CEO total compensation as printed in Heritage Insurance Holdings, Inc.'s own proxy. As printed: 5,341,897. Filing ↗machine: r2 · c27 · span 259277–259286
47The Baldwin Insurance Group, Inc., Section 10b CEO totalDEF 14A2026-04-220001781755-26-000027CEO total compensation as printed in The Baldwin Insurance Group, Inc.'s own proxy. As printed: 5,253,032. Filing ↗machine: r3 · c45 · span 1118179–1118188
48Universal Insurance Holdings, Inc., Section 10b CEO totalDEF 14A2026-04-240001193125-26-177529CEO total compensation as printed in Universal Insurance Holdings, Inc.'s own proxy. As printed: 5,240,829. Filing ↗machine: span 525027–525036
49Goosehead Insurance, Inc., Section 10b CEO totalDEF 14A2026-03-250001726978-26-000025CEO total compensation as printed in Goosehead Insurance, Inc.'s own proxy. As printed: 4,850,272. Filing ↗machine: r7 · c21 · span 485466–485475
50Hagerty, Inc., Section 10b CEO totalDEF 14A2026-04-300001628280-26-028911CEO total compensation as printed in Hagerty, Inc.'s own proxy. As printed: 4,732,132. Filing ↗machine: r2 · c12 · span 1379171–1379180
51Bowhead Specialty Holdings Inc., Section 10b CEO totalDEF 14A2026-03-160002002473-26-000006CEO total compensation as printed in Bowhead Specialty Holdings Inc.'s own proxy. As printed: 4,309,280. Filing ↗machine: span 243043–243052
52James River Group Holdings, Ltd., Section 10b CEO totalDEF 14A2026-09-160001104659-26-108040CEO total compensation as printed in James River Group Holdings, Ltd.'s own proxy. As printed: 2,930,288. Filing ↗machine: r1 · c49 · span 827769–827778
53Section 10a, ProAssurance Corporation reciprocityDEF 14A—0001875246-25-000023ProAssurance Corporation's most recent proxy was read; its disclosed peer group does not include Octave Specialty Group. Filing ↗
54Section 10a, Horace Mann Educators Corporation reciprocityDEF 14A—0000850141-26-000014Horace Mann Educators Corporation's most recent proxy was read; its disclosed peer group does not include Octave Specialty Group. Filing ↗
55Section 10a, White Mountains Insurance Group, Ltd. reciprocityDEF 14A—0001104659-26-038487White Mountains Insurance Group, Ltd.'s most recent proxy was read; its disclosed peer group does not include Octave Specialty Group. Filing ↗
56Section 10a, SiriusPoint Ltd. reciprocityDEF 14A—0001174947-26-000480SiriusPoint Ltd.'s most recent proxy was read; its disclosed peer group does not include Octave Specialty Group. Filing ↗
57Section 10a, Universal Insurance Holdings, Inc. reciprocityDEF 14A—0001193125-23-127177Universal Insurance Holdings, Inc.'s most recent proxy was read; its disclosed peer group does not include Octave Specialty Group. Filing ↗
58Section 10a, The Baldwin Insurance Group, Inc. reciprocityDEF 14A—0001781755-26-000027The Baldwin Insurance Group, Inc.'s most recent proxy was read; its disclosed peer group does not include Octave Specialty Group. Filing ↗
59Section 10a, Heritage Insurance Holdings, Inc. reciprocityDEF 14A—0001193125-22-133773Heritage Insurance Holdings, Inc.'s most recent proxy was read; its disclosed peer group does not include Octave Specialty Group. Filing ↗
60Section 10a, Goosehead Insurance, Inc. reciprocityDEF 14A—0001726978-26-000025Goosehead Insurance, Inc.'s most recent proxy was read; its disclosed peer group does not include Octave Specialty Group. Filing ↗
61Section 10a, James River Group Holdings, Ltd. reciprocityDEF 14A—0001104659-26-108040James River Group Holdings, Ltd.'s most recent proxy was read; its disclosed peer group does not include Octave Specialty Group. Filing ↗
62Section 10a, Skyward Specialty Insurance Group, Inc. reciprocityDEF 14A—0001519449-26-000021Skyward Specialty Insurance Group, Inc.'s most recent proxy was read; its disclosed peer group does not include Octave Specialty Group. Filing ↗
63Section 10a, HCI Group, Inc. reciprocityDEF 14A—0001193125-26-191649HCI Group, Inc.'s most recent proxy was read; its disclosed peer group does not include Octave Specialty Group. Filing ↗
64Section 10a, Hagerty, Inc. reciprocityDEF 14A—0001628280-26-028911Hagerty, Inc.'s most recent proxy was read; its disclosed peer group does not include Octave Specialty Group. Filing ↗

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