United Fire Group CEO Randy Ramlo's 2018 pay rises 19% to $3.1M
United Fire Group reports 2018 executive compensation
By ExecPay News
Published: April 2, 2019
United Fire Group reported fiscal year 2018 executive compensation information on April 2, 2019.
In 2018, five executives at United Fire Group received on average a compensation package of $1.6M, a 13% increase compared to previous year.
Average pay of disclosed executives at United Fire Group
Randy A. Ramlo, Chief Executive Officer, received $3.1M in total, which increased by 19% compared to 2017. 31% of Ramlo's compensation, or $981K, was in bonus. Ramlo also received $366K in non-equity incentive plan, $181K in option awards, $800K in salary, $551K in stock awards, as well as $251K in other compensation.
For fiscal year 2018, the median employee pay was $75,601 at United Fire Group. Therefore, the ratio of Randy A. Ramlo's pay to the median employee pay was 41 to one.
Michael T. Wilkins, Chief Operating Officer, received a compensation package of $1.6M, which increased by 9% compared to previous year. 31% of the compensation package, or $490K, was in salary.
Dawn M. Jaffray, Chief Financial Officer, earned $1.2M in 2018, a 12% increase compared to previous year.
Barrie W. Ernst, Chief Investment Officer, received $1.2M in 2018, which increases by 17% compared to 2017.
Neal R. Scharmer, General Counsel, earned $880K in 2018, a 2% decrease compared to previous year.
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Source: SEC filing on April 2, 2019.