United Fire Group Management

Management criteria checks 3/4

United Fire Group's CEO is Kevin Leidwinger, appointed in Aug 2022, has a tenure of 1.83 years. total yearly compensation is $2.75M, comprised of 27.3% salary and 72.7% bonuses, including company stock and options. directly owns 0.065% of the company’s shares, worth $339.52K. The average tenure of the management team and the board of directors is 2.2 years and 10.3 years respectively.

Key information

Kevin Leidwinger

Chief executive officer

US$2.8m

Total compensation

CEO salary percentage	27.3%
CEO tenure	1.8yrs
CEO ownership	0.06%
Management average tenure	2.2yrs
Board average tenure	10.3yrs

Recent management updates

Recent updates

It Looks Like United Fire Group, Inc.'s (NASDAQ:UFCS) CEO May Expect Their Salary To Be Put Under The Microscope

May 13

United Fire Group, Inc. Beat Analyst Profit Forecasts, And Analysts Have New Estimates

May 09

United Fire raises catastrophe loss estimate for Q1

Apr 30

Consider This Before Buying United Fire Group, Inc. (NASDAQ:UFCS) For The 3.4% Dividend

Mar 25

Dividend Investors: Don't Be Too Quick To Buy United Fire Group, Inc. (NASDAQ:UFCS) For Its Upcoming Dividend

Feb 27

CEO Compensation Analysis

How has Kevin Leidwinger's remuneration changed compared to United Fire Group's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	-US$17m
Dec 31 2023	US$3m	US$750k	-US$30m
Sep 30 2023	n/a	n/a	-US$29m
Jun 30 2023	n/a	n/a	-US$59m
Mar 31 2023	n/a	n/a	-US$13m
Dec 31 2022	US$2m	US$258k	US$15m

Compensation vs Market: Kevin's total compensation ($USD2.75M) is about average for companies of similar size in the US market ($USD2.45M).

Compensation vs Earnings: Kevin's compensation has increased whilst the company is unprofitable.

CEO

Kevin Leidwinger (60 yo)

1.8yrs

Tenure

US$2,750,297

Compensation

Mr. Kevin James Leidwinger serves as Director at United Fire Group, Inc since 2022 and serves as Principal Executive Officer at United Fire Group, Inc. He serves as President and Chief Executive Officer at...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Kevin Leidwinger	President	1.8yrs	US$2.75m	0.065% $ 339.5k
Eric Martin	Executive VP	2.2yrs	US$1.12m	0.043% $ 228.1k
Julie Stephenson	Executive VP & COO	1.4yrs	US$3.17m	0.053% $ 281.4k
Micah Woolstenhulme	Senior VP & Chief Risk Officer	4.1yrs	US$740.65k	0.15% $ 778.4k
Julie Schneekloth	Assistant VP & Training Director	8.1yrs	US$3.17m	no data
Lindsay Lovvorn	Senior Vice President & Chief Administrative Officer	less than a year	no data	0.0010% $ 5.3k
Sarah Madsen	Senior VP	2.3yrs	no data	0.00055% $ 2.9k
Michael Sheeley	VP & Chief Marketing Officer	6.1yrs	no data	no data
Steven Hernandez	Senior VP & Chief Human Resources Officer	less than a year	no data	no data
Patrick Kane	Asst. VP & Region Marketing Manager	13.1yrs	no data	no data
Corey Ruehle	Senior VP & Chief Claims Officer	5.3yrs	no data	0.050% $ 260.3k
Jeremy Bahl	Senior Vice President of Field Operations	less than a year	US$543.34k	0.034% $ 180.1k

2.2yrs

Average Tenure

53yo

Average Age

Experienced Management: UFCS's management team is considered experienced (2.2 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Kevin Leidwinger	President	2.4yrs	US$2.75m	0.065% $ 339.5k
James Noyce	Independent Chairman of the Board	14.6yrs	US$216.50k	0.10% $ 526.3k
Christopher Drahozal	Independent Director	27.4yrs	US$171.50k	1.42% $ 7.4m
George Milligan	Independent Director	25.4yrs	US$175.50k	0.28% $ 1.5m
Brenda Clancy	Independent Director	7.6yrs	US$182.50k	0.066% $ 345.9k
John-Paul Besong	Independent Director	11.3yrs	US$157.50k	0.092% $ 485.6k
Susan Voss	Independent Director	10.3yrs	US$174.00k	0.082% $ 429.1k
Scott Carlton	Independent Director	12.1yrs	US$174.50k	1.07% $ 5.6m
Mark Green	Independent Director	2.3yrs	US$160.50k	0.042% $ 219.6k
Lura McBride	Independent Director	4.1yrs	US$161.50k	0.051% $ 269.5k
Matthew Foran	Independent Director	2.3yrs	US$156.50k	0.035% $ 182.2k

10.3yrs

Average Tenure

62yo

Average Age

Experienced Board: UFCS's board of directors are seasoned and experienced ( 10.3 years average tenure).

United Fire Group Management

Management criteria checks 3/4

Key information

Recent management updates

United Fire Group, Inc., Annual General Meeting, May 15, 2024

United Fire Group, Inc. Appoints Kelly Walsh as Chief Underwriting Officer, Effective December 27, 2023

United Fire Group, Inc. Appoints Jeremy J. Bahl as Chief Underwriting Officer, Effective December 1, 2023

Independent Director recently bought US$117k worth of stock

United Fire Group, Inc. Approves the Resignation of Kyle Skogman as a Director

Independent Director recently bought US$122k worth of stock

Recent updates

First quarter dividend of US$0.16 announced

United Fire Group, Inc. Declares Quarterly Cash Dividend, Payable on June 14, 2024

First quarter 2024 earnings released: EPS: US$0.53 (vs US$0.028 in 1Q 2023)

United Fire Group: Underwriting Results On An Upswing

United Fire Group, Inc. to Report Q1, 2024 Results on May 07, 2024

United Fire Group, Inc., Annual General Meeting, May 15, 2024

Full year 2023 earnings released: US$1.18 loss per share (vs US$0.60 profit in FY 2022)

United Fire Group (NASDAQ:UFCS) Has Affirmed Its Dividend Of $0.16

Upcoming dividend of US$0.16 per share

Fourth quarter dividend of US$0.16 announced

United Fire Group, Inc. Declares A Common Stock Quarterly Cash Dividend, Payable on March 22, 2024

Price target increased by 17% to US$21.00

Price target increased by 11% to US$21.00

United Fire Group, Inc. to Report Q4, 2023 Results on Feb 13, 2024

United Fire Group, Inc. Appoints Kelly Walsh as Chief Underwriting Officer, Effective December 27, 2023

United Fire Group, Inc. Appoints Jeremy J. Bahl as Chief Underwriting Officer, Effective December 1, 2023

United Fire Group (NASDAQ:UFCS) Is Paying Out A Dividend Of $0.16

United Fire Group, Inc. Declares a Common Stock Quarterly Cash Dividend, Payable on December 15, 2023

Third quarter 2023 earnings released: EPS: US$0.25 (vs US$0.91 loss in 3Q 2022)

United Fire Group, Inc. to Report Q3, 2023 Results on Nov 01, 2023

Price target decreased by 10.0% to US$18.00

United Fire Group (NASDAQ:UFCS) Will Pay A Dividend Of $0.16

United Fire Group, Inc. Declares A Common Stock Quarterly Cash Dividend, Payable on September 15, 2023

New major risk - Revenue and earnings growth

Second quarter 2023 earnings released: US$2.23 loss per share (vs US$0.42 loss in 2Q 2022)

United Fire Group, Inc. Provides Earnings Guidance for the Second Quarter 2023

United Fire Group, Inc. to Report Q2, 2023 Results on Aug 07, 2023

Price target decreased by 12% to US$22.00

Upcoming dividend of US$0.16 per share at 2.8% yield

Independent Director recently bought US$117k worth of stock

United Fire Group (NASDAQ:UFCS) Will Pay A Dividend Of $0.16

United Fire Group, Inc. Approves the Resignation of Kyle Skogman as a Director

Independent Director recently bought US$122k worth of stock

United Fire Group, Inc. Declares A Common Stock Quarterly Cash Dividend, Payable on June 16, 2023

First quarter 2023 earnings released: EPS: US$0.028 (vs US$1.13 in 1Q 2022)

Full year 2022 earnings released: EPS: US$0.59 (vs US$3.21 in FY 2021)

Price target decreased by 14% to US$25.00

United Fire Group, Inc. to Report Q4, 2022 Results on Feb 15, 2023

United Fire Group Inc. Announces Retirement of Kyle D. Skogman as Director, Effective May 17, 2023

United Fire Group, Inc., Annual General Meeting, May 17, 2023

United Fire Group, Inc. Appoints Julie Stephenson as Executive Vice President and Chief Operating Officer, Effective January 30, 2023

Independent Director recently bought US$106k worth of stock

United Fire Group, Inc. Declares Common Stock Quarterly Cash Dividend, Payable December 16, 2022

Independent Director recently bought US$51k worth of stock

Third quarter 2022 earnings released: US$0.91 loss per share (vs US$0.38 loss in 3Q 2021)

United Fire Group, Inc. Reports Financial Estimates for Third Quarter 2022

Investor sentiment deteriorated over the past week

United Fire Group, Inc. to Report Q3, 2022 Results on Nov 02, 2022

Independent Director recently bought US$144k worth of stock

Upcoming dividend of US$0.16 per share

United Fire Group, Inc. Declares Quarterly Cash Dividend on Common Stock, Payable on September 16, 2022

United Fire Group, Inc. Announces Management Changes

United Fire Group COO to retire

Consensus EPS estimates fall by 34%

Second quarter 2022 earnings: EPS and revenues miss analyst expectations

United Fire Non-GAAP EPS of $0.24, Net premiums earned of $231.2M

United Fire Group, Inc. Announces Executive Changes

United Fire Group, Inc. to Report Q2, 2022 Results on Aug 04, 2022

United Fire Group, Inc. Announces Management Changes

United Fire Group appoints president and CEO

United Fire Group: Turnaround Could Lead To Re-Rate

Upcoming dividend of US$0.16 per share

United Fire Group, Inc. Approves Dividend, Payable on June 17, 2022

Independent Director notifies of intention to sell stock

Consensus EPS estimates increase by 37%

First quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind

Price target increased to US$37.50

United Fire Group, Inc. to Report Q1, 2022 Results on May 05, 2022

United Fire Group, Inc. Announces Mary K. Quass Is Not Standing for Re-Election