How O’Donnell was paid
$13M in total for 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.
Named executive officers
| Executive | Salary | Stock | Incentive | Other | Total |
|---|---|---|---|---|---|
| Kevin J. O’DonnellPresident and Chief Executive Officer | $1,270,000 | $5,014,732 | $5,118,750 | $1,548,359 | $12,951,841 |
| Robert QutubExecutive Vice President and Chief Financial Officer | $768,750 | $1,687,102 | $2,100,000 | $759,229 | $5,315,081 |
| Ross A. CurtisExecutive Vice President and Chief Portfolio Officer | $762,500 | $1,812,090 | $2,034,375 | $429,893 | $5,038,858 |
| David MarraExecutive Vice President and Group Chief Underwriting Officer | $900,000 | $2,249,786 | $2,362,500 | $309,846 | $5,822,132 |
| Shannon L. BenderExecutive Vice President, Group General Counsel and Corporate Secretary | $600,000 | $1,349,682 | $1,575,000 | $543,276 | $4,067,958 |
What changed and why
- $13MCEO total compensation increased to $12,951,841 in 2025 due to higher base salary and annual incentive payouts.
- 26%Company delivered a 26% return on average common equity despite major California Wildfires.
- The annual bonus payout reflected strong performance across all three drivers of profit.
- 95%Shareholder support for the prior say-on-pay vote reached approximately 95%.
About this page
Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.