Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-06-25

AMERISAFE (AMSF)

Fiscal year 2025 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.

$2,369,553
G. Janelle Frost total, FY2025
22nd
CEO pay percentile vs peers
32:1
CEO-to-median pay ratio
99.09%
Say-on-pay support, latest vote
Companies that benchmark against AMSF
6 companies name AMSF as a compensation peer

Each company listed discloses AMSF in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named AMSF in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
G. Janelle Frost$803,146$0$896,500$0$622,090$0$47,817$2,369,553
President and Chief Executive Officer
Vincent Gagliano421,7500256,8000211,132039,202928,884
Executive Vice President and Chief Risk Officer
Raymond Wise395,6250240,0000220,020030,764886,409
Executive Vice President and Chief Sales Officer
Anastasios Omiridis484,8960322,50000042,140849,536
Former Executive Vice President and Chief Financial Officer
Kathryn Shirley372,7080228,0000156,750038,188795,646
Executive Vice President, Chief Administrative Officer and Secretary

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 FY20242025
G. Janelle Frost$2,369,553$2,286,381+83,172
Vincent Gagliano928,884
Raymond Wise886,409
Anastasios Omiridis849,536
Kathryn Shirley795,646

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

02

Equity transactions since the proxy statement was filed

Every insider equity transaction reported on Form 4 after the 2025 proxy statement — acquisitions, dispositions, exercises, and withholdings — and therefore not reflected in any table in that document.

InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
Dividend-equivalent accruals2026-04-271,9911 insider, 1 accrual row
Henry O. Lestage IVEVP / Chief Claims Officer2026-04-27A22,12100Derivative, Class A CommonForm 4 ↗
Guillermo A. RamosEVP / Chief Financial Officer2026-05-07A2,97000Derivative, Class A CommonForm 4 ↗
Guillermo A. RamosEVP / Chief Financial Officer2026-05-07A33,00300Derivative, Class A CommonForm 4 ↗
Jared A. MorrisDirector2026-06-10A2,34000CommonForm 4 ↗
Sean M. TraynorDirector2026-06-10A2,34000CommonForm 4 ↗
Philip A. GarciaDirector2026-06-10A2,34000CommonForm 4 ↗
Billy B. GreerDirector2026-06-10A2,34000CommonForm 4 ↗
Randall E. RoachDirector2026-06-10A2,34000CommonForm 4 ↗
Teri G. FontenotDirector2026-06-10A2,34000CommonForm 4 ↗
Michael J. BrownDirector2026-06-10A2,34000CommonForm 4 ↗

Transaction codes per Form 4: A acquisition · S open-market sale · F tax withholding · M option exercise · G gift. Value = shares × price as reported. Dividend-equivalent and fractional-share accrual rows (derivative Class A, under $10,000 and under 2,000 shares) are aggregated per date; every row appears in full below.

View all 11 transactions
InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
Henry O. Lestage IVEVP / Chief Claims Officer2026-04-27A1,991$0$0Derivative, Class A CommonForm 4 ↗
Henry O. Lestage IVEVP / Chief Claims Officer2026-04-27A22,12100Derivative, Class A CommonForm 4 ↗
Guillermo A. RamosEVP / Chief Financial Officer2026-05-07A2,97000Derivative, Class A CommonForm 4 ↗
Guillermo A. RamosEVP / Chief Financial Officer2026-05-07A33,00300Derivative, Class A CommonForm 4 ↗
Jared A. MorrisDirector2026-06-10A2,34000CommonForm 4 ↗
Sean M. TraynorDirector2026-06-10A2,34000CommonForm 4 ↗
Philip A. GarciaDirector2026-06-10A2,34000CommonForm 4 ↗
Billy B. GreerDirector2026-06-10A2,34000CommonForm 4 ↗
Randall E. RoachDirector2026-06-10A2,34000CommonForm 4 ↗
Teri G. FontenotDirector2026-06-10A2,34000CommonForm 4 ↗
Michael J. BrownDirector2026-06-10A2,34000CommonForm 4 ↗
03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Kathryn ShirleyPSU2025-02-2424$159,600
G. Janelle FrostRSU2025-02-245,156250,094
Anastasios OmiridisPSU2025-02-2424225,750
Vincent GaglianoRSU2025-02-241,47671,605
Kathryn ShirleyRSU2025-02-241,31162,054
G. Janelle FrostPSU2025-02-2424627,550
Raymond WisePSU2025-02-2424168,000
Raymond WiseRSU2025-02-241,38068,212
Vincent GaglianoPSU2025-02-2424179,760
Anastasios OmiridisRSU2025-02-241,85489,976
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Kathryn Shirley$62,054$159,600$072.0%
G. Janelle Frost250,094627,550071.5%
Anastasios Omiridis89,976225,750071.5%
Vincent Gagliano71,605179,760071.5%
Raymond Wise68,212168,000071.1%

% 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
Kathryn ShirleyRSU1,047$40,215
Kathryn ShirleyRSU1,31150,356
G. Janelle FrostRSU5,156198,042
Raymond WiseRSU1,38053,006
Raymond WiseRSU9,223354,255
G. Janelle FrostRSU4,792184,061
Vincent GaglianoRSU1,47656,693
Raymond WiseRSU1,30750,202
Kathryn ShirleyRSU1,18945,669
Vincent GaglianoRSU1,13343,519
Raymond WiseRSU1,04440,100
G. Janelle FrostRSU4,401169,042
Vincent GaglianoRSU1,37252,699
05

Incentive-plan design — the Compensation Discussion & Analysis

Our compensation program is intended to attract, retain and motivate the key people necessary to enable us to operate effectively and profitably over the long-term. The Committee believes that executive compensation should align the interests of the Company's executives and other key employees with those of the Company and its shareholders.

CEO STI target (% of salary)80%
CEO LTI target (% of salary)
Independent consultantAON
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingTrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-06-1015,834,256138,6786,52199.09%Passed
20252025-06-0616,780,464726,2122,11895.84%Passed
20242024-06-0717,919,382110,9582,80899.37%Passed
20232023-06-0917,900,76280,7722,24699.54%Passed
20222022-06-1018,234,227106,9433,69199.4%Passed
20212021-06-1118,059,420103,71010,49799.37%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
20262026-06-1099.09%a
20252025-06-0695.84%b
20242024-06-0799.37%c

a. Approved under the standard stated in the filing — “2 - Advisory vote to approve the Company's compensation of its named executive officers Affirmative vote of the holders of a majority of the shares of our common stock entitled to vote on the matter and present, in person or by proxy, at the Annual Meeting No Abstentions will have the effect of a vote cast against the matter and broker non-votes will have no effect No.”.

b. Approved under the standard stated in the filing — “2 - Advisory vote to approve the Company's compensation of its named executive officers Affirmative vote of a majority of the shares present, in person or by proxy, at the Annual Meeting and entitled to vote on the matter No Abstentions will have the effect of a vote cast against the matter and broker non-votes will have no effect No.”.

c. Approved under the standard stated in the filing — “2 - Advisory vote to approve the Company's compensation of its named executive officers Affirmative vote of a majority of the shares present, in person or by proxy, at the Annual Meeting and entitled to vote on the matter No Abstentions will have the effect of a vote cast against the matter and broker non-votes are not considered votes cast and will have no effect No.”.

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.

07

CEO pay ratio

Ratio (CEO : median employee)32 : 1
CEO total compensation$2,369,553
Median employee compensation$75,000
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Jared A. MorrisIndependent · Board Chair · Audit · Compensation · Nominating/Governance · Risk (Chair)$127,500$74,994$0$0$0$202,494
Michael J. BrownIndependent · Audit · Compensation (Chair)90,00074,994000164,994
Philip A. GarciaIndependent · Audit (Chair) · Compensation90,00074,994000164,994
Randall E. RoachIndependent · Audit · Nominating/Governance (Chair)85,00074,994000159,994
Teri G. FontenotIndependent · Audit · Nominating/Governance77,50074,994000152,494
Billy B. GreerIndependent · Compensation · Nominating/Governance75,00074,994000149,994
Sean M. TraynorIndependent · Compensation70,00074,994000144,994
G. Janelle FrostEmployee director00000
09

Board fee structure and ownership guideline

Annual cash retainer$65,000
Annual equity retainer$75,000
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)20,000 / 17,500 / 12,500
Stock ownership guideline
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$615,000
Equity awards (grant-date value)$524,958
All other compensation$0
Total cost of the board$1,139,958

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 AMERISAFE 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 AMERISAFE.

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
1Palomar Holdings, Inc.2025Mac Armstrong$1,243,269$3,862,330$0$3,843,298$8,961,148
2HCI Group Inc.2025Paresh Patel950,0000008,236,000
3Root, Inc.2025Alexander Timm750,0005,499,87501,687,5008,163,348
4Proassurance Corp.2024Edward L. Rand, Jr.1,029,2312,593,35502,496,0006,226,834
5Hippo Holdings, Inc.2025Richard McCathron660,0004,767,2650495,0005,997,265
6Skyward Specialty Insurance Group, Inc.2025Andrew Robinson975,0001,563,11702,973,0005,532,117
7Heritage Insurance Holdings, Inc.2025Ernie Garateix875,5002,757,82401,663,4505,341,897
8Hagerty, Inc.2025McKeel Hagerty1,185,417200,88603,319,1694,732,132
9Bowhead Specialty Holdings Inc.2025Stephen Sills675,0003,120,966004,309,280
10Safety Insurance Group Inc.2025George Murphy850,0001,100,00001,476,8804,187,838
11Global Indemnity Group LLC2025Joseph Brown1,000,0000494,50004,001,790
12Employers Holdings, Inc.2025Katherine Antonello881,0422,012,6640242,0003,261,998
13American Coastal Insurance Corp2025B. Bradford Martz681,042787,500262,500945,0002,811,555
14James River Group Holdings, Ltd.2024Frank D'Orazio966,625966,6130745,2682,709,253
15AMERISAFE2025G. Janelle Frost803,146896,5000622,0902,369,553
16Kingstone Companies, Inc.2025Meryl Golden550,000607,600001,871,100
17Donegal Group, Inc.2025Kevin Burke795,0007,7350659,1321,742,994
18Atlantic American Corp.2024Hilton Howell, Jr.594,79201,559,908
19NI Holdings, Inc.2025Cindy Launer167,614187,4930240,000712,516
ICC Holdings, Inc.not in coverage universe

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
AMERISAFE95%PSU 70 · RSU 30NoAON
American Coastal Insurance Corp135%PSU 50 · Options 25 · RSU 25NoPay Governance LLC
Atlantic American Corp.not disclosednot disclosednot disclosedNone - Company explicitly states they have not engaged a compensation consultant due to controlled company status
Bowhead Specialty Holdings Inc.not disclosednot disclosedNonot disclosed
Donegal Group, Inc.83%Cash LTI 100NoWillis Towers Watson
Employers Holdings, Inc.25%PSU 65 · RSU 35NoCAP
Global Indemnity Group LLC76%Options 100not disclosednot disclosed
Hagerty, Inc.140%PSU 100NoMercer
HCI Group Inc.not disclosedRSU 100not disclosednot disclosed
Heritage Insurance Holdings, Inc.158%PSU 62 · RSU 38Nonot disclosed
Hippo Holdings, Inc.not disclosedRSU 75 · PSU 25Yes — TSR performance compared to HSCM Insurtech IndexAon Human Capital Solutions
ICC Holdings, Inc.not disclosednot disclosednot disclosednot disclosed
James River Group Holdings, Ltd.77.1%PSU 50 · RSU 50NoAon's Human Capital Solutions practice
Kingstone Companies, Inc.not disclosedRSU 100not disclosednot disclosed
NI Holdings, Inc.not disclosedRSU 100not disclosedMeridian
Palomar Holdings, Inc.176%PSU 50 · RSU 50NoPay Governance
Proassurance Corp.200%PSU 50 · RSU 50NoF.W. Cook
Root, Inc.150%PSU 100NoCompensia, Inc.
Safety Insurance Group Inc.139%PSU 55 · RSU 45NoPay Governance
Skyward Specialty Insurance Group, Inc.150%PSU 67 · RSU 33NoFrederic W. Cook & Co., Inc.

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.

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, G. Janelle FrostDEF 14A2026-04-240001193125-26-177410Section “2025 Summary Compensation Table”. As printed: 2,369,553. Filing ↗machine: span 978221–978230
2Section 01, Vincent GaglianoDEF 14A2026-04-240001193125-26-177410Section “2025 Summary Compensation Table”. As printed: 928,884. Filing ↗machine: r10 · c15 · span 1024670–1024677
3Section 01, Raymond WiseDEF 14A2026-04-240001193125-26-177410Section “2025 Summary Compensation Table”. As printed: 886,409. Filing ↗machine: r18 · c15 · span 1071281–1071288
4Section 01, Anastasios OmiridisDEF 14A2026-04-240001193125-26-177410Section “2025 Summary Compensation Table”. As printed: 849,536. Filing ↗machine: r6 · c15 · span 1001396–1001403
5Section 01, Kathryn ShirleyDEF 14A2026-04-240001193125-26-177410Section “2025 Summary Compensation Table”. As printed: 795,646. Filing ↗machine: r14 · c15 · span 1047949–1047956
6Section 03, Kathryn Shirley PSUDEF 14A2026-04-240001193125-26-177410Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t35 · r13 · c18 · span 1253045–1253052
7Section 03, G. Janelle Frost RSUDEF 14A2026-04-240001193125-26-177410Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t35 · r5 · c21 · span 1175447–1175454
8Section 03, Anastasios Omiridis PSUDEF 14A2026-04-240001193125-26-177410Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t35 · r7 · c18 · span 1193400–1193407
9Section 03, Vincent Gagliano RSUDEF 14A2026-04-240001193125-26-177410Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t35 · r11 · c21 · span 1235136–1235142
10Section 03, Kathryn Shirley RSUDEF 14A2026-04-240001193125-26-177410Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t35 · r14 · c21 · span 1264958–1264964
11Section 03, G. Janelle Frost PSUDEF 14A2026-04-240001193125-26-177410Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t35 · r4 · c18 · span 1163534–1163541
12Section 03, Raymond Wise PSUDEF 14A2026-04-240001193125-26-177410Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t35 · r16 · c18 · span 1282828–1282835
13Section 03, Raymond Wise RSUDEF 14A2026-04-240001193125-26-177410Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t35 · r17 · c27 · span 1296679–1296685
14Section 03, Vincent Gagliano PSUDEF 14A2026-04-240001193125-26-177410Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t35 · r10 · c18 · span 1223223–1223230
15Section 03, Anastasios Omiridis RSUDEF 14A2026-04-240001193125-26-177410Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t35 · r8 · c21 · span 1205223–1205229
16Section 07, pay ratioDEF 14A2026-04-240001193125-26-177410Section “CEO Pay Ratio”. As printed: 32 : 1. Filing ↗machine: span 1775422–1775424
17Section 08, Jared A. MorrisDEF 14A2026-04-240001193125-26-177410Section “Director Compensation”. As printed: 202,494. Filing ↗machine: t18 · r6 · c11 · span 388531–388538
18Section 08, Michael J. BrownDEF 14A2026-04-240001193125-26-177410Section “Director Compensation”. As printed: 164,994. Filing ↗machine: t18 · r2 · c11 · span 369517–369524
19Section 08, Philip A. GarciaDEF 14A2026-04-240001193125-26-177410Section “Director Compensation”. As printed: 164,994. Filing ↗machine: t18 · r4 · c11 · span 379025–379032
20Section 08, Randall E. RoachDEF 14A2026-04-240001193125-26-177410Section “Director Compensation”. As printed: 159,994. Filing ↗machine: t18 · r7 · c11 · span 393285–393292
21Section 08, Teri G. FontenotDEF 14A2026-04-240001193125-26-177410Section “Director Compensation”. As printed: 152,494. Filing ↗machine: t18 · r3 · c11 · span 374271–374278
22Section 08, Billy B. GreerDEF 14A2026-04-240001193125-26-177410Section “Director Compensation”. As printed: 149,994. Filing ↗machine: t18 · r5 · c11 · span 383777–383784
23Section 08, Sean M. TraynorDEF 14A2026-04-240001193125-26-177410Section “Director Compensation”. As printed: 144,994. Filing ↗machine: t18 · r8 · c11 · span 398038–398045
24Section 08, G. Janelle FrostDEF 14A2026-04-240001193125-26-177410Section “Director Compensation”. As printed: 0. Filing ↗
25Section 02, Henry O. Lestage IV 2026-04-27Form 42026-04-290001193125-26-191712Insider equity transaction reported since the proxy statement. Filing ↗
26Section 02, Henry O. Lestage IV 2026-04-27Form 42026-04-290001193125-26-191551Insider equity transaction reported since the proxy statement. Filing ↗
27Section 02, Guillermo A. Ramos 2026-05-07Form 42026-05-110001193125-26-216842Insider equity transaction reported since the proxy statement. Filing ↗
28Section 02, Guillermo A. Ramos 2026-05-07Form 42026-05-110001193125-26-216772Insider equity transaction reported since the proxy statement. Filing ↗
29Section 02, Jared A. Morris 2026-06-10Form 42026-06-120001193125-26-269423Insider equity transaction reported since the proxy statement. Filing ↗
30Section 02, Sean M. Traynor 2026-06-10Form 42026-06-120001193125-26-269425Insider equity transaction reported since the proxy statement. Filing ↗
31Section 02, Philip A. Garcia 2026-06-10Form 42026-06-120001193125-26-269424Insider equity transaction reported since the proxy statement. Filing ↗
32Section 02, Billy B. Greer 2026-06-10Form 42026-06-120001193125-26-269422Insider equity transaction reported since the proxy statement. Filing ↗
33Section 02, Randall E. Roach 2026-06-10Form 42026-06-120001193125-26-269421Insider equity transaction reported since the proxy statement. Filing ↗
34Section 02, Teri G. Fontenot 2026-06-10Form 42026-06-120001193125-26-269419Insider equity transaction reported since the proxy statement. Filing ↗
35Section 02, Michael J. Brown 2026-06-10Form 42026-06-120001193125-26-269420Insider equity transaction reported since the proxy statement. Filing ↗
36Section 06, 2026 voteForm 8-K2026-06-120001193125-26-269381Item 5.07 · say-on-pay result. As reported: 99.09% (votes for as printed: 15,834,256). Filing ↗
37Section 06, 2025 voteForm 8-K2025-06-090001193125-25-137799Item 5.07 · say-on-pay result. As reported: 95.84% (votes for as printed: 16,780,464). Filing ↗
38Section 06, 2024 voteForm 8-K2024-06-120001193125-24-159954Item 5.07 · say-on-pay result. As reported: 99.37% (votes for as printed: 17,919,382). Filing ↗
39Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
40Section 03b vehicle mix (computed)ComputedcomputedRSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
41Section 09b board cost (computed)ComputedcomputedCash 615,000 + equity 524,958 + all other 0 = 1,139,958, summed across the director compensation table rows.machine: formula: Σ = 1,139,958
42Palomar 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
43HCI 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
44Root, Inc., Section 10b CEO totalDEF 14A2026-04-240001788882-26-000033CEO total compensation as printed in Root, Inc.'s own proxy. As printed: 8,163,348. Filing ↗machine: r2 · c9 · span 1449193–1449202
45Proassurance Corp., Section 10b CEO totalDEF 14A2025-04-110001875246-25-000023CEO total compensation as printed in Proassurance Corp.'s own proxy. As printed: 6,226,834. Filing ↗machine: t35 · r3 · c9 · span 415811–415820
46Hippo Holdings, Inc., Section 10b CEO totalDEF 14A2026-04-220001193125-26-170319CEO total compensation as printed in Hippo Holdings, Inc.'s own proxy. As printed: 5,997,265. Filing ↗machine: r2 · c27 · span 400797–400806
47Skyward 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
48Heritage 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
49Hagerty, 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
50Bowhead 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 ↗
51Safety Insurance Group Inc., Section 10b CEO totalDEF 14A2026-03-310001172052-26-000009CEO total compensation as printed in Safety Insurance Group Inc.'s own proxy. As printed: 4,187,838. Filing ↗machine: t51 · r5 · c16 · span 552394–552403
52Global Indemnity Group LLC, Section 10b CEO totalDEF 14A2026-04-290001193125-26-191942CEO total compensation as printed in Global Indemnity Group LLC's own proxy. As printed: 4,001,790. Filing ↗machine: r2 · c38 · span 274562–274571
53Employers Holdings, Inc., Section 10b CEO totalDEF 14A2026-04-160001379041-26-000015CEO total compensation as printed in Employers Holdings, Inc.'s own proxy. As printed: 3,261,998. Filing ↗machine: r2 · c27 · span 517005–517014
54American Coastal Insurance Corp, Section 10b CEO totalDEF 14A2026-04-010001401521-26-000023CEO total compensation as printed in American Coastal Insurance Corp's own proxy. As printed: 2,811,555. Filing ↗machine: span 939420–939429
55James River Group Holdings, Ltd., Section 10b CEO totalDEF 14A2025-09-170001104659-25-090550CEO total compensation as printed in James River Group Holdings, Ltd.'s own proxy. As printed: 2,709,253. Filing ↗machine: t54 · r1 · c49 · span 736315–736324
56AMERISAFE (subject), Section 10b CEO totalDEF 14A2026-04-240001193125-26-177410CEO total compensation as printed in AMERISAFE's own proxy. As printed: 2,369,553. Filing ↗machine: span 978221–978230
57Kingstone Companies, Inc., Section 10b CEO totalDEF 14A2026-06-250000033992-26-000024CEO total compensation as printed in Kingstone Companies, Inc.'s own proxy. As printed: 1,871,100. Filing ↗machine: r3 · c24 · span 66699–66708
58Donegal Group, Inc., Section 10b CEO totalDEF 14A2026-03-160001140361-26-009495CEO total compensation as printed in Donegal Group, Inc.'s own proxy. As printed: 1,742,994. Filing ↗machine: t207 · r1 · c16 · span 576457–576466
59Atlantic American Corp., Section 10b CEO totalDEF 14A2025-03-250001140361-25-010255CEO total compensation as printed in Atlantic American Corp.'s own proxy. As printed: 1,559,908. Filing ↗machine: t23 · span 186123–186132
60NI Holdings, Inc., Section 10b CEO totalDEF 14A2026-04-080002077096-26-000051CEO total compensation as printed in NI Holdings, Inc.'s own proxy. As printed: 712,516. Filing ↗machine: r1 · c14 · span 896293–896300
61Section 10a, Employers Holdings, Inc. reciprocityDEF 14A0001379041-26-000015Employers Holdings, Inc. names AMERISAFE in its own disclosed peer group (read from its most recent proxy). Filing ↗
62Section 10a, HCI Group Inc. reciprocityDEF 14A0001193125-26-191649HCI Group Inc.'s most recent proxy was read; its disclosed peer group does not include AMERISAFE. Filing ↗
63Section 10a, Donegal Group, Inc. reciprocityDEF 14A0001140361-26-009495Donegal Group, Inc.'s most recent proxy was read; its disclosed peer group does not include AMERISAFE. Filing ↗
64Section 10a, Global Indemnity Group LLC reciprocityDEF 14A0001193125-26-191942Global Indemnity Group LLC names AMERISAFE in its own disclosed peer group (read from its most recent proxy). Filing ↗
65Section 10a, American Coastal Insurance Corp reciprocityDEF 14A0001401521-26-000023American Coastal Insurance Corp's most recent proxy was read; its disclosed peer group does not include AMERISAFE. Filing ↗
66Section 10a, Hagerty, Inc. reciprocityDEF 14A0001628280-26-028911Hagerty, Inc.'s most recent proxy was read; its disclosed peer group does not include AMERISAFE. Filing ↗
67Section 10a, Safety Insurance Group Inc. reciprocityDEF 14A0001172052-26-000009Safety Insurance Group Inc.'s most recent proxy was read; its disclosed peer group does not include AMERISAFE. Filing ↗
68Section 10a, Skyward Specialty Insurance Group, Inc. reciprocityDEF 14A0001519449-26-000021Skyward Specialty Insurance Group, Inc. names AMERISAFE in its own disclosed peer group (read from its most recent proxy). Filing ↗
69Section 10a, Proassurance Corp. reciprocityDEF 14A0001875246-25-000023Proassurance Corp. names AMERISAFE in its own disclosed peer group (read from its most recent proxy). Filing ↗
70Section 10a, NI Holdings, Inc. reciprocityDEF 14A0002077096-26-000051NI Holdings, Inc. names AMERISAFE in its own disclosed peer group (read from its most recent proxy). Filing ↗
71Section 10a, James River Group Holdings, Ltd. reciprocityDEF 14A0001104659-25-090550James River Group Holdings, Ltd. names AMERISAFE in its own disclosed peer group (read from its most recent proxy). Filing ↗