United Fire Group CEO Randy Ramlo's 2021 pay rises 13% to $2.4M
United Fire Group reports 2021 executive compensation
By ExecPay News
Published: April 5, 2022
United Fire Group reported fiscal year 2021 executive compensation information on April 5, 2022.
In 2021, six executives at United Fire Group received on average a compensation package of $1.1M, a 20% decrease compared to previous year.
Average pay of disclosed executives at United Fire Group
Randy A. Ramlo, Chief Executive Officer, received $2.4M in total, which increased by 13% compared to 2020. 34% of Ramlo's compensation, or $800K, was in salary. Ramlo also received $4.9K of change in pension value and nonqualified deferred compensation earnings, $481K in non-equity incentive plan, $200K in option awards, $656K in stock awards, as well as $245K in other compensation.
For fiscal year 2021, the median employee pay was $89,049 at United Fire Group. Therefore, the ratio of Randy A. Ramlo's pay to the median employee pay was 27 to one.
Michael T. Wilkins, Chief Operating Officer, received a compensation package of $1.3M, which decreased by 4% compared to previous year. 38% of the compensation package, or $500K, was in salary.
Dawn M. Jaffray, Chief Financial Officer, earned $1.1M in 2021, a 26% decrease compared to previous year.
Robert F. Cataldo, VP, Chief Investment and Strategy Officer, received $850K in 2021, which increases by 35% compared to 2020.
Micah Woolstenhulme, VP, Chief Risk Officer, earned $825K in 2021.
Randy L. Patten, Chief Financial Officer, received $241K in 2021.
Related executives
Randy Ramlo
United Fire Group
Chief Executive Officer
Michael Wilkins
United Fire Group
Chief Operating Officer
Randy Patten
United Fire Group
Chief Financial Officer
Robert Cataldo
United Fire Group
VP, Chief Investment and Strategy Officer
Micah Woolstenhulme
United Fire Group
VP, Chief Risk Officer
Dawn Jaffray
United Fire Group
Chief Financial Officer
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Source: SEC filing on April 5, 2022.