United Fire Group (UFCS) Proxy Filing summary

Executive summary

• The 2025 Annual Meeting will be held virtually on May 21, 2025, with shareholders voting on director elections, auditor ratification, and executive compensation approval.

• Shareholders of record as of March 24, 2025, are eligible to vote, with multiple voting methods available, including online, phone, and mail.

• The Board recommends voting FOR all director nominees and proposals.

Voting matters and shareholder proposals

• Shareholders will vote on electing three Class B Directors for three-year terms, ratifying Ernst & Young LLP as the independent auditor for 2025, and approving executive compensation on an advisory basis.

• Shareholders may submit other proposals or director nominations for the 2026 meeting, with specific deadlines and requirements outlined.

• Minority shareholders holding at least one-fifth of outstanding stock can nominate directors proportionally.

Board of directors and corporate governance

• The Board consists of 11 members, with 10 deemed independent; the Chairperson is independent and separate from the CEO.

• Directors must own company stock, with guidelines requiring at least 5,000 shares within five years.

• Board diversity includes 27% female directors and a mix of tenures and backgrounds.

• Six standing committees oversee key areas: Audit, Compensation, Executive, Investment, Nominating and Governance, and Risk Management.

• Annual self-assessments and effectiveness surveys are conducted for the Board and its committees.