Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-07-06

United Fire Group Inc (UFCS)

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.

$3,896,774
Kevin Leidwinger total, FY2025
9th
CEO pay percentile vs peers
37.6:1
CEO-to-median pay ratio
98.5%
Say-on-pay support, latest vote
Companies that benchmark against UFCS
18 companies name UFCS as a compensation peer

Each company listed discloses UFCS 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 UFCS 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 Leidwinger$821,000$0$1,656,008$0$1,350,934$18,555$50,277$3,896,774
President/Chief Executive Officer
Julie Stephenson610,74760,400677,5520876,89517,23427,2622,270,090
EVP/Chief Operating Officer
Eric Martin514,09030,000518,4680503,26117,82029,1831,612,822
EVP/Chief Financial Officer
Sarah Madsen397,3110301,5640372,03120,76416,4621,108,132
SVP/Chief Legal Officer
Steven Hernandez395,1060239,0620269,06716,41116,832936,478
SVP/Chief Human Resources Officer
Corey Ruehle250,7000207,3760021,039443,053922,168
Former SVP/Chief Claim Officer

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
Kevin Leidwinger$3,896,774$3,602,216$2,750,297+294,558
Julie Stephenson2,270,0902,059,7553,167,125+210,335
Eric Martin1,612,8221,497,2031,116,653+115,619
Sarah Madsen1,108,1321,023,764+84,368
Steven Hernandez936,4781,137,090−200,612
Corey Ruehle922,168

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
Steven HernandezChief Human Resources Officer2026-05-15D485$48$23,309CommonForm 4 ↗
George D. MilliganDirector2026-05-20A2,08248100,019CommonForm 4 ↗
Susan E. VossDirector2026-05-20A2,08248100,019CommonForm 4 ↗
Brenda K. ClancyDirector2026-05-20A2,08248100,019CommonForm 4 ↗
Christopher R. DrahozalDirector2026-05-20A2,08248100,019CommonForm 4 ↗
Scott L. CarltonDirector2026-05-20A2,08248100,019CommonForm 4 ↗
Gilda L. SpencerDirector2026-05-20A2,08248100,019CommonForm 4 ↗
Matthew R. ForanDirector2026-05-20A2,08248100,019CommonForm 4 ↗
Lura E. McBrideDirector2026-05-20A2,08248100,019CommonForm 4 ↗
James W. NoyceDirector2026-05-20A2,08248100,019CommonForm 4 ↗
Mark A. GreenDirector2026-05-20A2,08248100,019CommonForm 4 ↗
George D. MilliganDirector2026-06-05A4,50045203,535CommonForm 4 ↗
Adam M. VogtVP - Chief Accounting Officer2026-07-01D159538,494CommonForm 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
Julie StephensonRSU2025-02-2113,301$338,776
Eric MartinPSU2025-02-211,01810,17820,356259,234
Kevin LeidwingerRSU2025-02-2132,509828,004
Julie StephensonPSU2025-02-211,33013,30126,602338,776
Eric MartinRSU2025-02-2110,178259,234
Kevin LeidwingerPSU2025-02-213,25132,50965,018828,004
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Julie Stephenson$338,776$338,776$050.0%
Eric Martin259,234259,234050.0%
Kevin Leidwinger828,004828,004050.0%

% 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
Kevin LeidwingerRSU18,190$661,207
Kevin LeidwingerPSU54,5701,983,620
Kevin LeidwingerRSU32,5091,181,702
Eric MartinRSU10,178369,970
Steven HernandezPSU9,914360,374
Steven HernandezRSU9,639350,378
Steven HernandezPSU9,386341,181
Kevin LeidwingerRSU6,064220,426
Julie StephensonRSU5,116185,967
Steven HernandezRSU4,693170,591
Julie StephensonRSU3,540128,679
Steven HernandezRSU3,305120,137
Julie StephensonOption4,34428.39
Julie StephensonPSU29,7701,082,140
Eric MartinPSU22,780828,053
Eric MartinPSU20,356739,941
Julie StephensonRSU13,301483,491
Julie StephensonRSU9,924360,737
Eric MartinRSU7,594276,042
Eric MartinRSU2,21280,406
Kevin LeidwingerRSU65,0182,363,404
Kevin LeidwingerOption11,21628.39
Eric MartinOption2,71428.39
Steven HernandezOption1,66028.39
Steven HernandezRSU1,95571,064
Kevin LeidwingerRSU13,209480,147
Eric MartinRSU3,197116,211
Julie StephensonPSU26,602966,983
Steven HernandezPSU13,062474,804
Steven HernandezPSU11,840430,384
Steven HernandezRSU5,920215,192
Steven HernandezRSU4,354158,268
Steven HernandezRSU1,34348,818
05

Incentive-plan design — the Compensation Discussion & Analysis

Performance. The Compensation Committee has tied a significant portion of the compensation of our named executive officers to the Company s achievement of pre-established performance goals. Fairness and Reasonableness. We provide compensation and benefit programs that are fair and competitive with our industry peers, while reasonably rewarding our named executive officers for their service relative to performance. Cost. We provide appropriate incentives that motivate our named executive officers to increase value to our shareholders by designing compensation programs that we believe are aligned with the Company s goals while avoiding unnecessary or excessive risk-taking, promoting responsible decision making for long-term success.

CEO STI target (% of salary)125%
CEO LTI target (% of salary)
Independent consultantMercer
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingtrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-05-2020,096,679306,48612,29798.5%Passed
20252025-05-2118,516,805639,90312,37496.66%Passed
20242024-05-1520,644,827565,00420,64297.34%Passed
20232023-05-1721,341,426636,20038,12597.11%Passed
20222022-05-1821,420,716117,25816,65799.46%Passed
20212021-05-1921,414,791378,72837,69698.26%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
20262026-05-2098.5%a
20252025-05-2196.66%b
20242024-05-1597.34%c

a. Approved under the standard stated in the filing — “In tabulating the voting results for the resolution regarding executive compensation, abstentions will not affect the voting results on this proposal because only "FOR" and "AGAINST" votes are counted as votes cast.”.

b. Approved under the standard stated in the filing — “In tabulating the voting results for the resolution regarding executive compensation, abstentions will not affect the voting results on this proposal because only "FOR" and "AGAINST" votes are counted as votes cast.”.

c. Approved under the standard stated in the filing — “In tabulating the voting results for the resolution regarding executive compensation, abstentions will not affect the voting results on this proposal because only "FOR" and "AGAINST" votes are counted as votes cast.”.

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)37.6 : 1
CEO total compensation$3,896,774
Median employee compensation$103,628
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
James W. NoyceIndependent · Board Chair · Audit · Compensation and Human Capital · Executive (Chair) · Nominating and Governance$173,000$91,806$0$0$0$264,806
Brenda K. ClancyIndependent · Audit (Chair) · Compensation and Human Capital · Executive114,00091,806000205,806
Mark A. GreenIndependent · Compensation and Human Capital · Investment · Nominating and Governance (Chair) · Risk Management107,00091,806000198,806
George D. MilliganIndependent · Audit · Executive · Investment · Nominating and Governance107,00091,806000198,806
Susan E. VossIndependent · Compensation and Human Capital (Chair) · Investment · Risk Management105,50091,806000197,306
Scott L. CarltonIndependent · Audit · Compensation and Human Capital · Executive · Investment (Chair)98,00091,806000189,806
Matthew R. ForanIndependent · Investment · Risk Management (Chair)98,00091,806000189,806
Christopher R. DrahozalIndependent · Audit · Executive · Risk Management93,00091,806000184,806
John-Paul E. BesongIndependent · Audit · Risk Management · Not standing for re-election89,00091,806000180,806
Lura E. McBrideIndependent · Compensation and Human Capital · Nominating and Governance89,00091,806000180,806
Gilda L. SpencerIndependent · Compensation and Human Capital · Nominating and Governance · Partial-year service · Newly elected42,25071,254000113,504
Kevin J. LeidwingerEmployee director · Executive · Investment · Risk Management00000
09

Board fee structure and ownership guideline

Annual cash retainer$80,000
Annual equity retainer$75,000
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)20,000 / 12,500 / 10,000
Stock ownership guideline
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$1,115,750
Equity awards (grant-date value)$989,314
All other compensation$0
Total cost of the board$2,105,064

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 United Fire 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 United Fire 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
1Horace Mann Educators Corporation2025Marita Zuraitis$1,040,000$3,328,000$832,000$3,139,500$8,453,113
2Tiptree Inc.2025Michael Barnes1,200,0001,317,81805,651,6208,215,284
3White Mountains Insurance Group Ltd.2025G. Manning Rountree600,0005,954,61801,200,0008,064,309
4RLI Corp.2025Craig Kliethermes677,5960831,8056,075,3197,691,732
5Kinsale Capital Corporation2025Michael Kehoe1,250,0002,749,589007,423,891
6ProAssurance Corporation2024Edward L. Rand, Jr.1,029,2312,593,35502,496,0006,226,834
7Heritage Insurance Holdings, Inc.2025Ernie Garateix875,5002,757,82401,663,4505,341,897
8Universal Insurance Holdings, Inc.2025Stephen Donaghy1,000,0001,750,01402,406,8445,240,829
9Safety Insurance Group, Inc.2025George Murphy850,0001,100,00001,476,8804,187,838
10Global Indemnity Group, LLC2025Joseph Brown1,000,0000494,50004,001,790
11United Fire Group Inc2025Kevin Leidwinger821,0001,656,00801,350,9343,896,774
12Employers Holdings, Inc.2025Katherine Antonello881,0422,012,6640242,0003,261,998

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
United Fire Group Inc130%PSU 50 · RSU 50NoMercer
Employers Holdings, Inc.25%PSU 65 · RSU 35NoCAP
Global Indemnity Group, LLC76%Options 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)
Kinsale Capital Corporation272%RSU 100not disclosedSemler Brossy
ProAssurance Corporation200%PSU 50 · RSU 50NoF.W. Cook
RLI Corp.not disclosedOptions 100not disclosedLockton Financial Advisors, LLC
Safety Insurance Group, Inc.139%PSU 55 · RSU 45NoPay Governance
Tiptree Inc.not disclosednot disclosedNoCompensation Advisory Partners
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.

FAQ

Frequently asked questions

Who was the highest-paid executive at United Fire Group Inc in fiscal 2025?
The highest-paid executive at United Fire Group Inc in fiscal 2025 was Kevin Leidwinger, who served as President/Chief Executive Officer with total compensation of $3,896,774.
How does United Fire Group Inc's chief executive pay compare to its disclosed peer group?
As disclosed, the CEO pay percentile of disclosed peers was 9th.
What is United Fire Group Inc's CEO-to-median employee pay ratio?
The filing shows the CEO-to-median employee pay ratio was 37.6:1.
How did shareholders vote on United Fire Group Inc's executive compensation?
Shareholders provided 98.5% support in the latest vote on executive compensation.
How much does United Fire Group Inc spend in total on board compensation for fiscal 2025?
The company reported total board compensation for fiscal 2025 was $2,105,064.

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 LeidwingerDEF 14A2026-04-070000101199-26-000020Section “Summary Compensation Table — 2025”. As printed: 3,896,774. Filing ↗machine: r2 · c54 · span 775843–775852
2Section 01, Julie StephensonDEF 14A2026-04-070000101199-26-000020Section “Summary Compensation Table — 2025”. As printed: 2,270,090. Filing ↗machine: r8 · c54 · span 797635–797644
3Section 01, Eric MartinDEF 14A2026-04-070000101199-26-000020Section “Summary Compensation Table — 2025”. As printed: 1,612,822. Filing ↗machine: r5 · c54 · span 786704–786713
4Section 01, Sarah MadsenDEF 14A2026-04-070000101199-26-000020Section “Summary Compensation Table — 2025”. As printed: 1,108,132. Filing ↗machine: r13 · c54 · span 816109–816118
5Section 01, Steven HernandezDEF 14A2026-04-070000101199-26-000020Section “Summary Compensation Table — 2025”. As printed: 936,478. Filing ↗machine: r11 · c54 · span 808579–808586
6Section 01, Corey RuehleDEF 14A2026-04-070000101199-26-000020Section “Summary Compensation Table — 2025”. As printed: 922,168. Filing ↗machine: r15 · c54 · span 823296–823303
7Section 03, Julie Stephenson RSUDEF 14A2026-04-070000101199-26-000020Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t40 · r9 · c22 · span 882834–882841
8Section 03, Eric Martin PSUDEF 14A2026-04-070000101199-26-000020Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t40 · r6 · c22 · span 871775–871782
9Section 03, Kevin Leidwinger RSUDEF 14A2026-04-070000101199-26-000020Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t40 · r3 · c22 · span 860546–860553
10Section 03, Julie Stephenson PSUDEF 14A2026-04-070000101199-26-000020Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t40 · r9 · c22 · span 882834–882841
11Section 03, Eric Martin RSUDEF 14A2026-04-070000101199-26-000020Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t40 · r6 · c22 · span 871775–871782
12Section 03, Kevin Leidwinger PSUDEF 14A2026-04-070000101199-26-000020Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t40 · r3 · c22 · span 860546–860553
13Section 07, pay ratioDEF 14A2026-04-070000101199-26-000020Section “CEO Pay Ratio”. As printed: 37.6 : 1. Filing ↗machine: span 1182177–1182186
14Section 08, James W. NoyceDEF 14A2026-04-070000101199-26-000020Section “Director Compensation”. As printed: 264,806. Filing ↗machine: t57 · r10 · c21 · span 1359102–1359109
15Section 08, Brenda K. ClancyDEF 14A2026-04-070000101199-26-000020Section “Director Compensation”. As printed: 205,806. Filing ↗machine: t57 · r4 · c21 · span 1342304–1342311
16Section 08, Mark A. GreenDEF 14A2026-04-070000101199-26-000020Section “Director Compensation”. As printed: 198,806. Filing ↗machine: t57 · r7 · c21 · span 1350703–1350710
17Section 08, George D. MilliganDEF 14A2026-04-070000101199-26-000020Section “Director Compensation”. As printed: 198,806. Filing ↗machine: t57 · r9 · c21 · span 1356304–1356311
18Section 08, Susan E. VossDEF 14A2026-04-070000101199-26-000020Section “Director Compensation”. As printed: 197,306. Filing ↗machine: t57 · r12 · c21 · span 1364600–1364607
19Section 08, Scott L. CarltonDEF 14A2026-04-070000101199-26-000020Section “Director Compensation”. As printed: 189,806. Filing ↗machine: t57 · r3 · c21 · span 1339504–1339511
20Section 08, Matthew R. ForanDEF 14A2026-04-070000101199-26-000020Section “Director Compensation”. As printed: 189,806. Filing ↗machine: t57 · r6 · c21 · span 1347906–1347913
21Section 08, Christopher R. DrahozalDEF 14A2026-04-070000101199-26-000020Section “Director Compensation”. As printed: 184,806. Filing ↗machine: t57 · r5 · c21 · span 1345110–1345117
22Section 08, John-Paul E. BesongDEF 14A2026-04-070000101199-26-000020Section “Director Compensation”. As printed: 180,806. Filing ↗machine: t57 · r2 · c21 · span 1336653–1336660
23Section 08, Lura E. McBrideDEF 14A2026-04-070000101199-26-000020Section “Director Compensation”. As printed: 180,806. Filing ↗machine: t57 · r8 · c21 · span 1353502–1353509
24Section 08, Gilda L. SpencerDEF 14A2026-04-070000101199-26-000020Section “Director Compensation”. As printed: 113,504. Filing ↗machine: t57 · r11 · c21 · span 1361786–1361793
25Section 08, Kevin J. LeidwingerDEF 14A2026-04-070000101199-26-000020Section “Director Compensation”. As printed: 0. Filing ↗
26Section 02, Steven Hernandez 2026-05-15Form 42026-05-190002034774-26-000004Insider equity transaction reported since the proxy statement. Filing ↗
27Section 02, George D. Milligan 2026-05-20Form 42026-05-220001023710-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
28Section 02, Susan E. Voss 2026-05-20Form 42026-05-220001601293-26-000001Insider equity transaction reported since the proxy statement. Filing ↗
29Section 02, Brenda K. Clancy 2026-05-20Form 42026-05-220001688643-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
30Section 02, Christopher R. Drahozal 2026-05-20Form 42026-05-220001450669-26-000003Insider equity transaction reported since the proxy statement. Filing ↗
31Section 02, Scott L. Carlton 2026-05-20Form 42026-05-220001550220-26-000001Insider equity transaction reported since the proxy statement. Filing ↗
32Section 02, Gilda L. Spencer 2026-05-20Form 42026-05-220002083417-26-000003Insider equity transaction reported since the proxy statement. Filing ↗
33Section 02, Matthew R. Foran 2026-05-20Form 42026-05-220001911740-26-000001Insider equity transaction reported since the proxy statement. Filing ↗
34Section 02, Lura E. McBride 2026-05-20Form 42026-05-220001812082-26-000001Insider equity transaction reported since the proxy statement. Filing ↗
35Section 02, James W. Noyce 2026-05-20Form 42026-05-220001201561-26-000003Insider equity transaction reported since the proxy statement. Filing ↗
36Section 02, Mark A. Green 2026-05-20Form 42026-05-220001676131-26-000001Insider equity transaction reported since the proxy statement. Filing ↗
37Section 02, George D. Milligan 2026-06-05Form 42026-06-090001023710-26-000003Insider equity transaction reported since the proxy statement. Filing ↗
38Section 02, Adam M. Vogt 2026-07-01Form 42026-07-060002045066-26-000003Insider equity transaction reported since the proxy statement. Filing ↗
39Section 06, 2026 voteForm 8-K2026-05-200000101199-26-000034Item 5.07 · say-on-pay result. As reported: 98.5% (votes for as printed: 20,096,679). Filing ↗
40Section 06, 2025 voteForm 8-K2025-05-210000101199-25-000032Item 5.07 · say-on-pay result. As reported: 96.66% (votes for as printed: 18,516,805). Filing ↗
41Section 06, 2024 voteForm 8-K2024-05-160000101199-24-000036Item 5.07 · say-on-pay result. As reported: 97.34% (votes for as printed: 20,644,827). Filing ↗
42Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
43Section 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
44Section 09b board cost (computed)ComputedcomputedCash 1,115,750 + equity 989,314 + all other 0 = 2,105,064, summed across the director compensation table rows.machine: formula: Σ = 2,105,064
45Horace 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
46Tiptree 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: t33 · span 1072009–1072018
47White 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
48RLI 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: t146 · r9 · c18 · span 1221310–1221319
49Kinsale Capital Corporation, Section 10b CEO totalDEF 14A2026-04-090001669162-26-000020CEO total compensation as printed in Kinsale Capital Corporation's own proxy. As printed: 7,423,891. Filing ↗machine: r3 · c42 · span 299293–299302
50ProAssurance 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
51Heritage 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
52Universal 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
53Safety 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
54Global 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
55United Fire Group Inc (subject), 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
56Employers 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
57Section 10a, Safety Insurance Group, Inc. reciprocityDEF 14A0001172052-26-000009Safety Insurance Group, Inc. names United Fire Group Inc in its own disclosed peer group (read from its most recent proxy). Filing ↗
58Section 10a, White Mountains Insurance Group Ltd. reciprocityDEF 14A0001104659-26-038487White Mountains Insurance Group Ltd.'s most recent proxy was read; its disclosed peer group does not include United Fire Group Inc. Filing ↗
59Section 10a, RLI Corp. reciprocityDEF 14A0001104659-26-035213RLI Corp. names United Fire Group Inc in its own disclosed peer group (read from its most recent proxy). Filing ↗
60Section 10a, ProAssurance Corporation reciprocityDEF 14A0001875246-25-000023ProAssurance Corporation names United Fire Group Inc in its own disclosed peer group (read from its most recent proxy). Filing ↗
61Section 10a, Global Indemnity Group, LLC reciprocityDEF 14A0001193125-26-191942Global Indemnity Group, LLC names United Fire Group Inc in its own disclosed peer group (read from its most recent proxy). Filing ↗
62Section 10a, Horace Mann Educators Corporation reciprocityDEF 14A0000850141-26-000014Horace Mann Educators Corporation names United Fire Group Inc in its own disclosed peer group (read from its most recent proxy). Filing ↗
63Section 10a, Employers Holdings, Inc. reciprocityDEF 14A0001379041-26-000015Employers Holdings, Inc. names United Fire Group Inc in its own disclosed peer group (read from its most recent proxy). Filing ↗