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United Fire Group Executive Compensation (FY25)

UFCS · Executive and director compensation, fiscal 2022 to 2025
Chief executive, fiscal 2025
◇
Kevin Leidwinger
Median of the other named officers
$1,108,132
5 officers, excluding the chief executive
Latest say-on-pay support
=
May 20, 2026
Chief executive pay ratio
◇
To the median employee
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Data as of October 22, 2026Latest filing (8-K): May 20, 2026
15 filings cited on this page
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332 figures on this page: 321 cited to the filing that reported them, 11 calculated from figures it prints. See the citations

More on United Fire Group

Five data products on this company. Each one is requested through the developer setup page.
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Kevin Leidwinger: $3,602,216 → $3,896,774 (8.2% higher)
Say-on-pay support: 96.7% → 98.5% (1.8 points higher)
CEO pay ratio: 35.7:1 → 37.6:1 (5.3% higher)

Frequently asked questions

Answers drawn from the data on this page.
Who is United Fire Group's chief executive and what were they paid?
Kevin Leidwinger was paid $3,896,774 in total compensation as President/Chief Executive Officer for fiscal 2025. Compared with the $3,602,216 reported for fiscal 2024, Leidwinger's total was 8.2% higher.
What was United Fire Group's say-on-pay result?
The say-on-pay proposal drew 98.5% of votes cast for or against in favor at the meeting held May 20, 2026 for fiscal 2025.
Which companies are in United Fire Group's peer group?
The disclosed peer group names Donegal Group Inc., Employers Holdings, Inc., Global Indemnity Group, LLC, Heritage Insurance Holdings, Inc. and Horace Mann Educators Corporation, among others.
What is United Fire Group's chief executive pay ratio?
The company reported a chief executive pay ratio of 37.6:1 for fiscal 2025, against median employee compensation of $103,628.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Randy Ramlo
Former President/ Chief Executive Officer
Departed during or after this year
◇—◇—◇—◇◇
Kevin Leidwinger
President/Chief Executive Officer
◇◇◇◇——◇◇
Michael Wilkins
Former EVP/Chief Operating Officer
Departed during or after this year
◇◇◇◇◇—◇◇
Micah Woolstenhulme
VP/Chief Risk Officer
◇◇◇◇◇—◇◇
Robert Cataldo
VP/Chief Investment and Strategy Officer
◇—◇◇◇—◇◇
Jeremy Bahl
VP/Chief Underwriting Officer
◇—◇◇◇—◇◇
Randy Patten
Former AVP/Controller/ Interim Co-Chief Financial Officer
Departed during or after this year
◇◇◇———◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Julie Stephenson
EVP/Chief Operating Officer
◇◇◇◇◇—◇◇
Kevin Leidwinger
President/Chief Executive Officer
◇◇◇◇◇—◇◇
Eric Martin
EVP/Chief Financial Officer
◇◇◇◇◇◇◇◇
Robert Cataldo
VP/Chief Investment and Strategy Officer
◇◇◇◇◇◇◇◇
Micah Woolstenhulme
SVP/Chief Risk Officer
◇◇◇◇◇◇◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Kevin Leidwinger
President/Chief Executive Officer
◇—◇—◇◇◇◇
Julie Stephenson
EVP/Chief Operating Officer
◇—◇—◇◇◇◇
Eric Martin
EVP/Chief Financial Officer
◇◇◇—◇◇◇◇
Steven Hernandez
SVP/Chief Human Resources Officer
◇◇◇—◇—◇◇
Sarah Madsen
SVP/Chief Legal Officer
◇—◇—◇◇◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Kevin Leidwinger
President/Chief Executive Officer
◇—◇—◇◇◇◇
Julie Stephenson
EVP/Chief Operating Officer
◇◇◇—◇◇◇◇
Eric Martin
EVP/Chief Financial Officer
◇◇◇—◇◇◇◇
Sarah Madsen
SVP/Chief Legal Officer
◇—◇—◇◇◇◇
Steven Hernandez
SVP/Chief Human Resources Officer
◇—◇—◇◇◇◇
Corey Ruehle
Former SVP/Chief Claim Officer
Departed during or after this year
◇—◇——◇◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Eric J. MartinPSU◇◇◇—◇—◇
Eric J. MartinRSU◇——◇——◇
Julie A. StephensonPSU◇◇◇—◇—◇
Julie A. StephensonRSU◇——◇——◇
Kevin J. LeidwingerRSU◇——◇——◇
Kevin J. LeidwingerPSU◇◇◇—◇—◇
Fiscal 2022, 2023, 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Steven HernandezRSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Option◇—◇2/24/2033
Kevin LeidwingerRSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Option◇—◇2/24/2033
Julie StephensonOption◇—◇2/24/2033
PSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Eric MartinPSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
Option◇—◇2/24/2023
RSU◇◇——
RSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Severance and change in control

The terms as written in the agreements.
Julie Stephenson
EVP/Chief Operating Officer · Offer letter
Non-compete period◇
Non-solicit period◇
Kevin Leidwinger
President/Chief Executive Officer · Terms as described in the company’s compensation discussion · citing a 2025 filing
Severance multiple◇
Change-in-control multiple◇
Benefits continuation on change in control◇
Benefits continuation◇
Sarah Madsen
SVP/Chief Legal Officer · Terms as described in the company’s compensation discussion · citing a 2025 filing
Severance multiple◇
Change-in-control multiple◇
Benefits continuation on change in control◇
Benefits continuation◇
Steven Hernandez
SVP/Chief Human Resources Officer · Terms as described in the company’s compensation discussion · citing a 2025 filing
Severance multiple◇
Change-in-control multiple◇
Benefits continuation on change in control◇
Benefits continuation◇

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
James W. Noyce
Board chair
◇◇————◇
Brenda K. Clancy
◇◇————◇
George D. Milligan
◇◇————◇
Mark A. Green
◇◇————◇
Susan E. Voss
◇◇————◇
Matthew R. Foran
◇◇————◇
Scott L. Carlton
◇◇————◇
Christopher R. Drahozal
◇◇————◇
John-Paul E. Besong
◇◇————◇
Lura E. McBride
◇◇————◇
Gilda L. Spencer
◇◇————◇
Kevin J. Leidwinger served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • Donegal Group Inc. DONE
  • Employers Holdings, Inc. EMP
  • Global Indemnity Group, LLC GBLI
  • Heritage Insurance Holdings, Inc. HRTG
  • Horace Mann Educators Corporation HMN
  • Kinsale Capital Corporation KNSL
  • ProAssurance Corporation PRA
  • RLI Corp. RLI
  • Safety Insurance Group, Inc. SAF
  • Tiptree Inc. TIPT
  • Universal Insurance Holdings, Inc. UVE
  • White Mountains Insurance Group Ltd. WTM

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025May 20, 2026=◇◇◇
2024May 21, 2025=◇◇◇
2023May 15, 2024=◇◇◇
2022May 17, 2023=◇◇◇
2021May 18, 2022=◇◇◇
2020May 19, 2021=◇◇◇
2019May 20, 2020=◇◇◇
2018May 15, 2019=◇◇◇
2017May 16, 2018=◇◇◇
2016May 17, 2017=◇◇◇
2015May 18, 2016=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇

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Sample answer — “What is the CEO’s total compensation?”
- Kevin Leidwinger (President/Chief Executive Officer), FY2025 total compensation $3,896,774 (base salary $821,000) [exec_comp, SEC accession 0000101199-26-000020, filed 2026-04-07]

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What this page does not include

Everything above is a fact United Fire Group disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where United Fire Group sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $499
Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
332 figures on this page: 321 cited to the filing that reported them, 11 calculated from figures it prints.
321 cited to the filing
11 calculated from the filing

Documents cited

  1. 0000101199-26-000034
    Item 5.07. Submission of Matters to a Vote of Security Holders.
  2. 0000101199-26-000020
    2025 Grants of Plan-Based Awards · CEO Pay Ratio · Director Compensation · Outstanding Equity Awards at 2025 Fiscal Year-End · and 1 more section
  3. 0000101199-25-000032
    Item 5.07. Submission of Matters to a Vote of Security Holders.
  4. 0000101199-25-000019
    Compensation Discussion and Analysis · Summary Compensation Table — 2024
  5. 0000101199-24-000036
    Item 5.07 Submission of Matters to a Vote of Security Holders
  6. 0001104659-24-042584
    Employment Agreement · Summary Compensation Table — 2023
  7. 0000101199-23-000042
    Item 5.07 Submission of Matters to a Vote of Security Holders
  8. 0001104659-23-041486
  9. 0000101199-22-000050
    Item 5.07 Submission of Matters to a Vote of Security Holders
  10. 0000101199-21-000059
    Item 5.07 Submission of Matters to a Vote of Security Holders
  11. 0000101199-20-000100
    Item 5.07 Submission of Matters to a Vote of Security Holders
  12. 0000101199-19-000085
    Item 5.07 Submission of Matters to a Vote of Security Holders
  13. 0000101199-18-000085
    Item 5.07 Submission of Matters to a Vote of Security Holders
  14. 0000101199-17-000074
    Item 5.07 Submission of Matters to a Vote of Security Holders
  15. 0000101199-16-000560
    Item 5.07 Submission of Matters to a Vote of Security Holders
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “United Fire Group executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/UFCS (accessed 2026).
Short form: data: Velarion

The paid brief for United Fire Group

Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
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15 filings cited on this page
Method: intel.velarion.ai/methodology
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Insurance rankings

Chief executive pay — InsuranceCEO pay ratio — InsuranceSay-on-pay support — Insurance

Peers United Fire Group discloses

The companies named in UFCS's own disclosed peer group.

Global Indemnity Group, LLCHeritage Insurance Holdings, Inc.Horace Mann Educators CorporationKinsale Capital CorporationProAssurance CorporationRLI Corp.Tiptree Inc.Universal Insurance Holdings, Inc.White Mountains Insurance Group Ltd.

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies

Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.

Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
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