Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-07-28

Safety Insurance Group Inc (SAFT)

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.

$4,187,838
George Murphy total, FY2025
29th
CEO pay percentile vs peers
43:1
CEO-to-median pay ratio
95.99%
Say-on-pay support, latest vote
Companies that benchmark against SAFT
14 companies name SAFT as a compensation peer

Each company listed discloses SAFT 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 SAFT 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
George Murphy$850,000$0$1,100,000$0$1,476,880$0$760,958$4,187,838
President, Chief Executive Officer
Christopher Whitford464,0000425,0000386,9800312,1801,588,160
Vice President, Chief Financial Officer and Secretary
Stephen Varga375,0000400,0000312,7500255,1901,342,940
Vice President - Management Information Services
Paul Narciso341,5000350,0000284,8100251,7991,228,109
Vice President - Claims
John Drago300,0000375,0000250,2000193,4601,118,660
Vice President - Marketing

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
George Murphy$4,187,838$3,679,625$1,962,783+508,213
Christopher Whitford1,588,1601,438,345847,991+149,815
Stephen Varga1,342,9401,239,363823,080+103,577
Paul Narciso1,228,1091,159,329801,181+68,780
John Drago1,118,6601,055,722658,393+62,938

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
SRB CORPGreater-than-10% holder2026-07-09D2,650$77$202,754Common, indirectForm 4 ↗
SRB CORPGreater-than-10% holder2026-07-13D34,272762,605,933Common, indirectForm 4 ↗
SRB CORPGreater-than-10% holder2026-07-17D5,15976392,247Common, indirectForm 4 ↗
SRB CORPGreater-than-10% holder2026-07-24D38,8351034,003,019Common, indirectForm 4 ↗
SRB CORPGreater-than-10% holder2026-07-27D466,17510348,056,349Common, indirectForm 4 ↗
SRB CORPGreater-than-10% holder2026-07-27D774,17710379,780,875Common, indirectForm 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.

03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Paul NarcisoRSU2025-02-254,295$350,000
Stephen VargaRSU2025-02-254,907400,000
John DragoRSU2025-02-254,600375,000
George MurphyRSU2025-02-2513,4951,100,000
Christopher WhitfordRSU2025-02-255,214425,000
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Paul Narciso$350,000$0$00.0%
Stephen Varga400,000000.0%
John Drago375,000000.0%
George Murphy1,100,000000.0%
Christopher Whitford425,000000.0%

% 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
Christopher WhitfordRestricted Stock2,442$190,256
Stephen VargaRestricted Stock2,420188,542
George MurphyRSU7,218562,159
George MurphyRestricted Stock7,282567,341
John DragoRestricted Stock193,37314,027,277
George MurphyRestricted Stock6,715523,166
George MurphyRestricted Stock6,213484,055
George MurphyRestricted Stock6,051471,433
Stephen VargaRestricted Stock2,648206,306
Christopher WhitfordRestricted Stock2,401187,062
Paul NarcisoRestricted Stock2,318180,595
Christopher WhitfordRestricted Stock2,269176,778
Stephen VargaRestricted Stock2,259175,999
John DragoRestricted Stock2,118165,013
George MurphyRestricted Stock2,068161,087
John DragoRestricted Stock1,967153,249
Christopher WhitfordRestricted Stock1,472114,691
John DragoRestricted Stock67252,356
George MurphyRestricted Stock4,047315,333
Christopher WhitfordRestricted Stock2,813219,161
Paul NarcisoRestricted Stock2,290178,414
Stephen VargaRestricted Stock2,594202,099
Paul NarcisoRestricted Stock1,380107,492
Stephen VargaRestricted Stock1,564121,836
Christopher WhitfordRestricted Stock77560,396
Paul NarcisoRestricted Stock1,977154,028
John DragoRSU2,555198,990
Christopher WhitfordRSU2,961230,881
Stephen VargaRSU2,929228,218
Paul NarcisoRSU2,850222,209
John DragoRestricted Stock2,442190,256
Paul NarcisoRestricted Stock2,420188,542
John DragoRestricted Stock1,472114,691
Paul NarcisoRestricted Stock82764,447
Stephen VargaRestricted Stock82764,447
05

Incentive-plan design — the Compensation Discussion & Analysis

Our compensation program objectives are to attract and retain individuals key to our future success, to motivate and reward employees in achieving our business goals and to align the long-term interests of employees with those of our stockholders. We are committed to paying for performance and making sure our decisions align with long-term interests of Safety and its stockholders.

CEO STI target (% of salary)125%
CEO LTI target (% of salary)
Independent consultantPay Governance
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingTrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-05-1311,491,433458,54621,40795.99%Passed
20252025-05-1412,146,063218,74510,34398.15%Passed
20242024-05-1512,315,452282,2379,95497.68%Passed
20232023-05-1711,910,798268,41512,32597.7%Passed
20222022-06-0111,683,133155,44280,80698.02%Passed
20212021-05-1911,989,209151,83225,79298.54%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
20262026-05-1395.99%a
20252025-05-1498.15%b
20242024-05-1597.68%c

a. Approved under the standard stated in the filing — “Abstentions are included in the number of shares present or represented and entitled to vote on the proposal and therefore have the practical effect of a vote against the proposal.”.

b. Approved under the standard stated in the filing — “Abstentions are included in the number of shares present or represented and entitled to vote on the proposal and therefore have the practical effect of a vote against the proposal.”.

c. Approved under the standard stated in the filing — “Abstentions are included in the number of shares present or represented and entitled to vote on the proposal and therefore have the practical effect of a vote against the proposal.”.

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)43 : 1
CEO total compensation$4,187,838
Median employee compensation$97,122
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Thalia M. MeehanIndependent · Lead Independent Director · Compensation · Investment$120,000$79,670$0$0$0$199,670
John D. FarinaIndependent · Audit (Chair) · Nominating/Governance114,37579,670000194,045
Dennis J. LangwellIndependent · Audit · Compensation (Chair)109,37579,670000189,045
Deborah E. GrayIndependent · Nominating/Governance (Chair) · Compensation102,50079,670000182,170
Mary C. MoranIndependent · Audit · Nominating/Governance101,87579,670000181,545
Charles J. Brophy IIIIndependent · Investment079,67000079,670
George M. MurphyEmployee director · Board Chair · Investment (Chair)00000
09

Board fee structure and ownership guideline

Annual cash retainer$95,000
Annual equity retainer$79,670
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)20,000 / 15,000 / 15,000
Stock ownership guideline4x annual cash retainer ($380,000)
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$548,125
Equity awards (grant-date value)$478,020
All other compensation$0
Total cost of the board$1,026,145

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 Safety Insurance 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 Safety Insurance 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
2Palomar Holdings, Inc.2025Mac Armstrong1,243,2693,862,33003,843,2988,961,148
3Horace Mann Educators Corporation2025Marita Zuraitis1,040,0003,328,000832,0003,139,5008,453,113
4HCI Group, Inc.2025Paresh Patel950,0000008,236,000
5Root Inc.2025Alexander Timm750,0005,499,87501,687,5008,163,348
6RLI Corporation2025Craig Kliethermes677,5960831,8056,075,3197,691,732
7Selective Insurance Group, Inc.2025John Marchioni1,050,0004,000,07601,575,0006,858,564
8ProAssurance Corporation2024Edward L. Rand, Jr.1,029,2312,593,35502,496,0006,226,834
9Mercury General Corporation2025Gabriel Tirador1,344,7061,703,47002,498,2695,590,472
10Skyward Specialty Insurance Group Inc.2025Andrew Robinson975,0001,563,11702,973,0005,532,117
11Heritage Insurance Holdings Inc.2025Ernie Garateix875,5002,757,82401,663,4505,341,897
12Universal Insurance Holdings, Inc.2025Stephen Donaghy1,000,0001,750,01402,406,8445,240,829
13Safety Insurance Group Inc2025George Murphy850,0001,100,00001,476,8804,187,838
14United Fire Group, Inc.2025Kevin Leidwinger821,0001,656,00801,350,9343,896,774
15Employers Holdings, Inc.2025Katherine Antonello881,0422,012,6640242,0003,261,998
16American Coastal Insurance Corporation2025B. Bradford Martz681,042787,500262,500945,0002,811,555
17Donegal Group, Inc.2025Kevin Burke795,0007,7350659,1321,742,994
18NI Holdings, Inc.2025Cindy Launer167,614187,4930240,000712,516

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
Safety Insurance Group Inc139%PSU 55 · RSU 45NoPay Governance
American Coastal Insurance Corporation135%PSU 50 · Options 25 · RSU 25NoPay Governance LLC
Donegal Group, Inc.83%Cash LTI 100NoWillis Towers Watson
Employers Holdings, Inc.25%PSU 65 · RSU 35NoCAP
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)
Mercury General Corporationnot disclosedPSU 60 · RSU 40NoNone disclosed
NI Holdings, Inc.not disclosedRSU 100not disclosedMeridian
Palomar Holdings, Inc.176%PSU 50 · RSU 50NoPay Governance
ProAssurance Corporation200%PSU 50 · RSU 50NoF.W. Cook
RLI Corporationnot disclosedOptions 100not disclosedLockton Financial Advisors, LLC
Root Inc.150%PSU 100NoCompensia, Inc.
Selective Insurance Group, Inc.150.0%RSU 75 · Cash LTI 25Yes — Cumulative TSR over the three-year performance periodExequity LLP
Skyward Specialty Insurance Group Inc.150%PSU 67 · RSU 33NoFrederic W. Cook & Co., Inc.
The Hanover Insurance Group, Inc.140%PSU 50 · RSU 25 · Options 25NoCompensation Advisory Partners LLC
United Fire Group, Inc.130%PSU 50 · RSU 50NoMercer
Universal Insurance Holdings, Inc.160.5%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.

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, George MurphyDEF 14A2026-03-310001172052-26-000009Section “Summary Compensation Table” · page 33. As printed: 4,187,838. Filing ↗machine: t51 · r5 · c16 · span 552394–552403
2Section 01, Christopher WhitfordDEF 14A2026-03-310001172052-26-000009Section “Summary Compensation Table” · page 33. As printed: 1,588,160. Filing ↗machine: t51 · r9 · c16 · span 571192–571201
3Section 01, Stephen VargaDEF 14A2026-03-310001172052-26-000009Section “Summary Compensation Table” · page 33. As printed: 1,342,940. Filing ↗machine: t51 · r17 · c16 · span 607897–607906
4Section 01, Paul NarcisoDEF 14A2026-03-310001172052-26-000009Section “Summary Compensation Table” · page 33. As printed: 1,228,109. Filing ↗machine: t51 · r13 · c16 · span 589544–589553
5Section 01, John DragoDEF 14A2026-03-310001172052-26-000009Section “Summary Compensation Table” · page 33. As printed: 1,118,660. Filing ↗machine: t51 · r21 · c16 · span 626233–626242
6Section 03, Paul Narciso RSUDEF 14A2026-03-310001172052-26-000009Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t48 · r6 · c5 · span 415750–415755
7Section 03, Stephen Varga RSUDEF 14A2026-03-310001172052-26-000009Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t48 · r7 · c5 · span 417861–417866
8Section 03, John Drago RSUDEF 14A2026-03-310001172052-26-000009Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t48 · r5 · c5 · span 413716–413721
9Section 03, George Murphy RSUDEF 14A2026-03-310001172052-26-000009Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t48 · r3 · c5 · span 409528–409534
10Section 03, Christopher Whitford RSUDEF 14A2026-03-310001172052-26-000009Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t48 · r4 · c5 · span 411608–411613
11Section 07, pay ratioDEF 14A2026-03-310001172052-26-000009Section “CEO Pay Ratio”. As printed: 43 : 1. Filing ↗
12Section 08, Thalia M. MeehanDEF 14A2026-03-310001172052-26-000009Section “Director Compensation”. As printed: 199,670. Filing ↗machine: t93 · r8 · c8 · span 1042733–1042740
13Section 08, John D. FarinaDEF 14A2026-03-310001172052-26-000009Section “Director Compensation”. As printed: 194,045. Filing ↗machine: t93 · r5 · c8 · span 1035534–1035541
14Section 08, Dennis J. LangwellDEF 14A2026-03-310001172052-26-000009Section “Director Compensation”. As printed: 189,045. Filing ↗machine: t93 · r7 · c8 · span 1040248–1040255
15Section 08, Deborah E. GrayDEF 14A2026-03-310001172052-26-000009Section “Director Compensation”. As printed: 182,170. Filing ↗machine: t93 · r6 · c8 · span 1037975–1037982
16Section 08, Mary C. MoranDEF 14A2026-03-310001172052-26-000009Section “Director Compensation”. As printed: 181,545. Filing ↗machine: t93 · r9 · c8 · span 1045043–1045050
17Section 08, Charles J. Brophy IIIDEF 14A2026-03-310001172052-26-000009Section “Director Compensation”. As printed: 79,670. Filing ↗machine: t93 · r4 · c4 · span 1032264–1032270
18Section 08, George M. MurphyDEF 14A2026-03-310001172052-26-000009Section “Director Compensation”. As printed: 0. Filing ↗
19Section 02, SRB CORP 2026-07-09Form 42026-07-100000904454-26-000403Insider equity transaction reported since the proxy statement. Filing ↗
20Section 02, SRB CORP 2026-07-13Form 42026-07-140000904454-26-000405Insider equity transaction reported since the proxy statement. Filing ↗
21Section 02, SRB CORP 2026-07-17Form 42026-07-200000904454-26-000415Insider equity transaction reported since the proxy statement. Filing ↗
22Section 02, SRB CORP 2026-07-24Form 42026-07-270000904454-26-000418Insider equity transaction reported since the proxy statement. Filing ↗
23Section 02, SRB CORP 2026-07-27Form 42026-07-280000904454-26-000425Insider equity transaction reported since the proxy statement. Filing ↗
24Section 02, SRB CORP 2026-07-27Form 42026-07-280000904454-26-000425Insider equity transaction reported since the proxy statement. Filing ↗
25Section 06, 2026 voteForm 8-K2026-05-140001172052-26-000017Item 5.07 · say-on-pay result. As reported: 95.99% (votes for as printed: 11,491,433). Filing ↗
26Section 06, 2025 voteForm 8-K2025-05-150001172052-25-000023Item 5.07 · say-on-pay result. As reported: 98.15% (votes for as printed: 12,146,063). Filing ↗
27Section 06, 2024 voteForm 8-K2024-05-150001172052-24-000026Item 5.07 · say-on-pay result. As reported: 97.68% (votes for as printed: 12,315,452). Filing ↗
28Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
29Section 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
30Section 09b board cost (computed)ComputedcomputedCash 548,125 + equity 478,020 + all other 0 = 1,026,145, summed across the director compensation table rows.machine: formula: Σ = 1,026,145
31The 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
32Palomar 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
33Horace 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
34HCI 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
35Root 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
36RLI Corporation, Section 10b CEO totalDEF 14A2026-03-260001104659-26-035213CEO total compensation as printed in RLI Corporation's own proxy. As printed: 7,691,732. Filing ↗machine: t146 · r9 · c18 · span 1221310–1221319
37Selective 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
38ProAssurance 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
39Mercury General Corporation, Section 10b CEO totalDEF 14A2026-03-310000064996-26-000010CEO total compensation as printed in Mercury General Corporation's own proxy. As printed: 5,590,472. Filing ↗machine: span 225414–225423
40Skyward 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
41Heritage 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
42Universal 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
43Safety Insurance Group Inc (subject), 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
44United 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
45Employers 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
46American Coastal Insurance Corporation, Section 10b CEO totalDEF 14A2026-04-010001401521-26-000023CEO total compensation as printed in American Coastal Insurance Corporation's own proxy. As printed: 2,811,555. Filing ↗machine: span 939420–939429
47Donegal 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
48NI 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
49Section 10a, NI Holdings, Inc. reciprocityDEF 14A0002077096-26-000051NI Holdings, Inc. names Safety Insurance Group Inc in its own disclosed peer group (read from its most recent proxy). Filing ↗
50Section 10a, HCI Group, Inc. reciprocityDEF 14A0001193125-26-191649HCI Group, Inc. names Safety Insurance Group Inc in its own disclosed peer group (read from its most recent proxy). Filing ↗
51Section 10a, Horace Mann Educators Corporation reciprocityDEF 14A0000850141-26-000014Horace Mann Educators Corporation's most recent proxy was read; its disclosed peer group does not include Safety Insurance Group Inc. Filing ↗
52Section 10a, Employers Holdings, Inc. reciprocityDEF 14A0001379041-26-000015Employers Holdings, Inc. names Safety Insurance Group Inc in its own disclosed peer group (read from its most recent proxy). Filing ↗
53Section 10a, Donegal Group, Inc. reciprocityDEF 14A0001140361-26-009495Donegal Group, Inc.'s most recent proxy was read; its disclosed peer group does not include Safety Insurance Group Inc. Filing ↗
54Section 10a, The Hanover Insurance Group, Inc. reciprocityDEF 14A0001193125-26-125009The Hanover Insurance Group, Inc.'s most recent proxy was read; its disclosed peer group does not include Safety Insurance Group Inc. Filing ↗
55Section 10a, American Coastal Insurance Corporation reciprocityDEF 14A0001401521-26-000023American Coastal Insurance Corporation's most recent proxy was read; its disclosed peer group does not include Safety Insurance Group Inc. Filing ↗
56Section 10a, United Fire Group, Inc. reciprocityDEF 14A0000101199-26-000020United Fire Group, Inc. names Safety Insurance Group Inc in its own disclosed peer group (read from its most recent proxy). Filing ↗
57Section 10a, ProAssurance Corporation reciprocityDEF 14A0001875246-25-000023ProAssurance Corporation names Safety Insurance Group Inc in its own disclosed peer group (read from its most recent proxy). Filing ↗
58Section 10a, Skyward Specialty Insurance Group Inc. reciprocityDEF 14A0001519449-26-000021Skyward Specialty Insurance Group Inc. names Safety Insurance Group Inc in its own disclosed peer group (read from its most recent proxy). Filing ↗
59Section 10a, RLI Corporation reciprocityDEF 14A0001104659-26-035213RLI Corporation's most recent proxy was read; its disclosed peer group does not include Safety Insurance Group Inc. Filing ↗