Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-04-07

DONEGAL GROUP INC (DONE)

CEO Kevin Burke was paid $1,742,994 in fiscal year 2025, up 19.6% from fiscal year 2024, the 1st percentile of its disclosed peer group (SEC filing 0001140361-26-009495 ↗): 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.

$1,742,994
Kevin Burke total, FY2025
1st
CEO pay percentile vs peers
—
CEO-to-median pay ratio
—
Say-on-pay support, latest vote

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

Each company listed discloses DONE 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 DONE 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
Kevin Burke$795,000$659,132$158,827$7,735——$122,300$1,742,994
President and Chief Executive Officer
Jeffrey Miller681,580565,096136,1687,735——111,5001,502,079
Executive Vice President and Chief Financial Officer
W. Daniel DeLamater583,000483,355116,471———20,7501,203,576
Executive Vice President and Chief Operating Officer
Sanjay Pandey517,300428,891103,347———20,7501,070,288
Executive Vice President and Chief Information Officer
Jeffery Hay486,540403,38997,202———20,7501,007,881
Executive Vice President

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
Kevin Burke$1,742,994$1,456,810$914,440+286,184
Jeffrey Miller1,502,0791,258,615792,110+243,464
W. Daniel DeLamater1,203,576———
Sanjay Pandey1,070,288890,365534,980+179,923
Jeffery Hay1,007,881840,400501,275+167,481

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

No insider equity transactions reported since the proxy statement.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Kevin BurkeRSU500—$9,990
Jeffrey MillerRSU500—9,990
Kevin BurkeOption8,00013.87—
Sanjay PandeyOption13,33415.76—
Kevin BurkeOption16,00015.76—
Kevin BurkeOption6,00013.87—
Kevin BurkeOption13,33415.76—
Sanjay PandeyOption6,00013.87—
Jeffery HayOption6,00013.87—
Jeffery HayOption13,33415.76—
Jeffrey MillerOption7,00013.87—
Jeffrey MillerOption14,66715.76—
05

Incentive-plan design — the Compensation Discussion & Analysis

Donegal's compensation program is designed to balance risk and reward by tying a significant percentage of total compensation directly to business objectives, specifically sustained excellent financial performance and profitable growth. The program aims to align the interests of named executive officers with stockholders by linking incentives to underwriting profitability and operating return on equity, while ensuring that compensation is not guaranteed and reflects actual performance.

CEO STI target (% of salary)—
CEO LTI target (% of salary)—
Independent consultantWillis Towers Watson
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingfalse
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Jack L. HessIndependent · Executive · Audit · Nominating · Compensation (Chair) · Not standing for re-election$109,100$7,735———$116,835
Kevin M. Kraft SrIndependent · Executive · Nominating · Compensation103,0007,735———110,735
Dennis J. Bixenman101,2007,735———108,935
Barry C. HuberIndependent · Audit (Chair) · Special97,7007,735———105,435
Britta H. SchatzIndependent · Audit96,5007,735———104,235
Annette B. SzadyIndependent · Audit96,5007,735———104,235
S. Trezevant Moore JrIndependent · Audit · Compensation · Special96,4507,735———104,185
Jon M. MahanIndependent · Nominating (Chair) · Compensation · Special (Chair)91,2007,735———98,935
David C. KingIndependent · Special90,5007,735———98,235
Kevin G. BurkeEmployee director · Board Chair · Executive (Chair)—————0
Melissa A. VeenstraNot independent · Newly elected—————0
Michael K. CallahanNewly elected——————
09

Board fee structure and ownership guideline

Annual cash retainer$90,000
Annual equity retainer$9,990
Per board meeting fee$500
Committee chair fees (audit / comp / nom-gov)—
Stock ownership guideline—
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$882,150
Equity awards (grant-date value)$69,615
All other compensation$0
Total cost of the board$951,765

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 DONEGAL GROUP INC 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 DONEGAL GROUP INC.

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
1The Hanover Insurance Group, Inc.2025John Roche$1,138,462$4,603,557$1,400,023$3,220,000$10,486,571
2Horace Mann Educators Corporation2025Marita Zuraitis1,040,0003,328,000832,0003,139,5008,453,113
3RLI Corp.2025Craig Kliethermes677,5960831,8056,075,3197,691,732
4Selective Insurance Group, Inc.2025John Marchioni1,050,0001,575,000095,9076,858,564
5ProAssurance Corporation2024Edward L. Rand, Jr.1,029,2312,593,35502,496,0006,226,834
6Cincinnati Financial Corporation2025Stephen Spray1,130,2501,768,2741,703,668681,4505,943,492
7Erie Indemnity Company2025Timothy NeCastro1,376,923752,67601,209,6005,395,618
8United Fire Group, Inc.2025Kevin Leidwinger821,0001,656,00801,350,9343,896,774
9Kemper Corporation2025C. Thomas Evans, Jr.561,1541,733,978248,626395,0003,090,806
10DONEGAL GROUP INC2025Kevin Burke795,000158,8277,735—1,742,994

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
DONEGAL GROUP INCnot disclosedRSU 100not disclosedWillis Towers Watson
Cincinnati Financial Corporation30%Options 50 · PSU 50Nonot disclosed
Erie Indemnity Company50%PSU 75 · RSU 25NoAon
Horace Mann Educators Corporationnot disclosedPSU 60 · Options 20 · RSU 20Yes — TSRCompensation Advisory Partners LLC (CAP)
Kemper Corporation78%PSU 60 · Options 20 · RSU 20NoFrederic W. Cook & Co., Inc.
ProAssurance Corporation200%PSU 50 · RSU 50NoF.W. Cook
RLI Corp.not disclosedOption 100not disclosedLockton Financial Advisors, LLC
Selective Insurance Group, Inc.150.0%RSU 75 · Cash LTI 25Yes — Cumulative TSR over the three-year performance periodExequity LLP
The Hanover Insurance Group, Inc.140%PSU 50 · RSU 25 · Options 25NoCompensation Advisory Partners LLC
United Fire Group, Inc.130%PSU 50 · RSU 50NoMercer LLC

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.

FAQ

Frequently asked questions

Who was the highest-paid executive at DONEGAL GROUP INC in fiscal 2025?
As disclosed, Kevin Burke, President and Chief Executive Officer, was the highest-paid executive with total compensation of $1,742,994.
How does DONEGAL GROUP INC's chief executive pay compare to its disclosed peer group?
The filing shows that the chief executive's pay ranked at the 1st percentile of the disclosed peer group.
What is DONEGAL GROUP INC's CEO-to-median employee pay ratio?
The CEO-to-median employee pay ratio is not disclosed in this filing.
How did shareholders vote on DONEGAL GROUP INC's executive compensation?
The latest say-on-pay support vote is not disclosed in this filing.
How much does DONEGAL GROUP INC spend in total on board compensation for fiscal 2025?
The company reported total board compensation of $951,765 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, Kevin BurkeDEF 14A2026-03-160001140361-26-009495Section “Summary Compensation Table” · page 51. As printed: 1,742,994. Filing ↗
2Section 01, Jeffrey MillerDEF 14A2026-03-160001140361-26-009495Section “Summary Compensation Table” · page 51. As printed: 1,502,079. Filing ↗
3Section 01, W. Daniel DeLamaterDEF 14A2026-03-160001140361-26-009495Section “Summary Compensation Table” · page 51. As printed: 1,203,576. Filing ↗
4Section 01, Sanjay PandeyDEF 14A2026-03-160001140361-26-009495Section “Summary Compensation Table” · page 51. As printed: 1,070,288. Filing ↗
5Section 01, Jeffery HayDEF 14A2026-03-160001140361-26-009495Section “Summary Compensation Table” · page 51. As printed: 1,007,881. Filing ↗
6Section 08, Jack L. HessDEF 14A2026-03-160001140361-26-009495Section “Director Compensation”. As printed: 116,835. Filing ↗machine: span 426531–426622
7Section 08, Kevin M. Kraft SrDEF 14A2026-03-160001140361-26-009495Section “Director Compensation”. As printed: 110,735. Filing ↗machine: span 428250–428341
8Section 08, Dennis J. BixenmanDEF 14A2026-03-160001140361-26-009495Section “Director Compensation”. As printed: 108,935. Filing ↗machine: span 425997–426088
9Section 08, Barry C. HuberDEF 14A2026-03-160001140361-26-009495Section “Director Compensation”. As printed: 105,435. Filing ↗machine: span 427121–427212
10Section 08, Britta H. SchatzDEF 14A2026-03-160001140361-26-009495Section “Director Compensation”. As printed: 104,235. Filing ↗machine: span 429942–430033
11Section 08, Annette B. SzadyDEF 14A2026-03-160001140361-26-009495Section “Director Compensation”. As printed: 104,235. Filing ↗machine: span 430534–430625
12Section 08, S. Trezevant Moore JrDEF 14A2026-03-160001140361-26-009495Section “Director Compensation”. As printed: 104,185. Filing ↗machine: span 429393–429484
13Section 08, Jon M. MahanDEF 14A2026-03-160001140361-26-009495Section “Director Compensation”. As printed: 98,935. Filing ↗machine: span 428795–428885
14Section 08, David C. KingDEF 14A2026-03-160001140361-26-009495Section “Director Compensation”. As printed: 98,235. Filing ↗machine: span 427667–427757
15Section 08, Kevin G. BurkeDEF 14A2026-03-160001140361-26-009495Section “Director Compensation”. As printed: 0. Filing ↗
16Section 08, Melissa A. VeenstraDEF 14A2026-03-160001140361-26-009495Section “Director Compensation”. As printed: 0. Filing ↗
17Section 08, Michael K. CallahanDEF 14A2026-03-160001140361-26-009495Section “Director Compensation”. As printed: —. Filing ↗
18Section 01 trend, Δ column (computed)Computed——Δ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
19Section 09b board cost (computed)Computed——Cash 882,150 + equity 69,615 + all other 0 = 951,765, summed across the director compensation table rows.machine: formula: Σ = 951,765
20The Hanover Insurance Group, Inc., Section 10b CEO totalDEF 14A2026-03-260001193125-26-125009CEO total compensation as printed in The Hanover Insurance Group, Inc.'s own proxy. As printed: 10,486,571. Filing ↗machine: t68 · r4 · c7 · span 1352246–1352256
21Horace 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
22RLI Corp., Section 10b CEO totalDEF 14A2026-03-260001104659-26-035213CEO total compensation as printed in RLI Corp.'s own proxy. As printed: 7,691,732. Filing ↗machine: r9 · c18 · span 1221310–1221319
23Selective Insurance Group, Inc., Section 10b CEO totalDEF 14A2026-03-260001104659-26-034953CEO total compensation as printed in Selective Insurance Group, Inc.'s own proxy. As printed: 6,858,564. Filing ↗machine: span 752843–752852
24ProAssurance 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
25Cincinnati Financial Corporation, Section 10b CEO totalDEF 14A2026-03-180000020286-26-000015CEO total compensation as printed in Cincinnati Financial Corporation's own proxy. As printed: 5,943,492. Filing ↗machine: t3 · r2 · c13 · span 164603–164612
26Erie Indemnity Company, Section 10b CEO totalDEF 14A2026-03-200001193125-26-116761CEO total compensation as printed in Erie Indemnity Company's own proxy. As printed: 5,395,618. Filing ↗machine: t73 · r3 · c31 · span 543359–543368
27United Fire Group, Inc., Section 10b CEO totalDEF 14A2026-04-070000101199-26-000020CEO total compensation as printed in United Fire Group, Inc.'s own proxy. As printed: 3,896,774. Filing ↗machine: r2 · c54 · span 775843–775852
28Kemper Corporation, Section 10b CEO totalDEF 14A2026-03-250000860748-26-000030CEO total compensation as printed in Kemper Corporation's own proxy. As printed: 3,090,806. Filing ↗machine: t120 · r4 · c16 · span 924415–924424
29DONEGAL GROUP INC (subject), 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 ↗
30Section 10a, Kemper Corporation reciprocityDEF 14A—0000860748-26-000030Kemper Corporation's most recent proxy was read; its disclosed peer group does not include DONEGAL GROUP INC. Filing ↗
31Section 10a, ProAssurance Corporation reciprocityDEF 14A—0001875246-25-000023ProAssurance Corporation's most recent proxy was read; its disclosed peer group does not include DONEGAL GROUP INC. Filing ↗
32Section 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 DONEGAL GROUP INC. Filing ↗
33Section 10a, United Fire Group, Inc. reciprocityDEF 14A—0000101199-26-000020United Fire Group, Inc. names DONEGAL GROUP INC in its own disclosed peer group (read from its most recent proxy). Filing ↗
34Section 10a, RLI Corp. reciprocityDEF 14A—0001104659-26-035213RLI Corp.'s most recent proxy was read; its disclosed peer group does not include DONEGAL GROUP INC. Filing ↗
35Section 10a, Cincinnati Financial Corporation reciprocityDEF 14A—0000020286-26-000015Cincinnati Financial Corporation's most recent proxy was read; its disclosed peer group does not include DONEGAL GROUP INC. Filing ↗
36Section 10a, The Hanover Insurance Group, Inc. reciprocityDEF 14A—0001193125-26-125009The Hanover Insurance Group, Inc.'s most recent proxy was read; its disclosed peer group does not include DONEGAL GROUP INC. Filing ↗
37Section 10a, Erie Indemnity Company reciprocityDEF 14A—0001193125-26-116761Erie Indemnity Company's most recent proxy was read; its disclosed peer group does not include DONEGAL GROUP INC. Filing ↗

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