How Leidwinger was paid
$3.9M 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 | Bonus | Stock | Incentive | Pension | Other | Total |
|---|---|---|---|---|---|---|---|
| Kevin J. LeidwingerPresident/Chief Executive Officer | $821,000 | — | $1,656,008 | $1,350,934 | $18,555 | $50,277 | $3,896,774 |
| Eric J. MartinEVP/Chief Financial Officer | $514,090 | $30,000 | $518,468 | $503,261 | $17,820 | $29,183 | $1,612,822 |
| Julie A. StephensonEVP/Chief Operating Officer | $610,747 | $60,400 | $677,552 | $876,895 | $17,234 | $27,262 | $2,270,090 |
| Steven D. HernandezSVP/Chief Human Resources Officer | $395,106 | — | $239,062 | $269,067 | $16,411 | $16,832 | $936,478 |
| Sarah E. MadsenSVP/Chief Legal Officer | $397,311 | — | $301,564 | $372,031 | $20,764 | $16,462 | $1,108,132 |
| Corey L RuehleSVP/Chief Claim Officer | $250,700 | — | $207,376 | — | $21,039 | $443,053 | $922,168 |
What changed and why
- $3.9MCEO Kevin J. Leidwinger received total compensation of $3,896,774 in 2025 compared to $3,602,216 in 2024.
- 97%Approximately 97% of shareholders approved the say-on-pay proposal at the 2025 annual meeting.
- The compensation committee made no changes to named executive officer programs following the 2025 say-on-pay vote.
- Performance measures for equity awards include Core Earnings, Written Premium Growth, Net Loss Ratio, Underwriting Expense Ratio, and Adjusted ROE.
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.