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Pay vs Performance Disclosure
 8 Months Ended 12 Months Ended
Aug. 21, 2022
Dec. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Dec. 31, 2020
USD ($)
Pay vs Performance Disclosure          
Pay vs Performance Disclosure, Table  
PAY VERSUS PERFORMANCE
Pay Versus Performance Table
As required by Item 402(v) of Regulation S-K, we are providing the following information regarding the relationship between executive compensation and our financial performance for each of the fiscal years ended December 31, 2023, 2022, 2021 and 2020. In determining the “compensation actually paid” ​(CAP) to our named executive officers, SEC rules require us to make various adjustments to amounts reported in the Summary Compensation Table because the SEC’s valuation methods for this section differ from those required in the Summary Compensation Table. The table below summarizes compensation values reported in our Summary Compensation Table, as well as the adjusted values required in this section by SEC rules. As identified in the footnotes to the table, the determination of CAP includes adjustments to reflect, among other things, period-to-period changes in the accounting value of unvested equity awards. Accordingly, such amounts do not reflect the value of compensation actually delivered to or received in the period reported in the table.
(a)
​ ​
(b)
​ ​
(c)
​ ​
(d)
​ ​
(e)
​ ​
(f)
​ ​
(g)
​ ​
(j)
​ ​
(k)
​ ​
(j)
​ ​
(k)
​
Year(1)
​ ​
Summary
Compensation
Table Total
for Current
PEO
($)(2)
​ ​
Summary
Compensation
Table Total
for Former
PEO
($)(2)
​ ​
Compensation
Actually
Paid to
Current
PEO
($)(3)
​ ​
Compensation
Actually
Paid to
Former
PEO
($)(3)
​ ​
Average
Summary
Compensation
Table Total
for Non-PEO
NEOs
($)(2)
​ ​
Average
Compensation
Actually
Paid to
Non-PEO
NEOs
($)(3)
​ ​
Value of Initial
Fixed $100
Investment Based on:(4)
​ ​
Net
Income
($000s)
​ ​
Adjusted
ROE (%)(6)
​
​
Total
Shareholder
Return
($)
​ ​
Peer Group
Total
Shareholder
Return
($)(5)
​
2023
​ ​ ​ $ 2,750,297 ​ ​ ​ ​ ​ N/A ​ ​ ​ ​ $ 1,740,613 ​ ​ ​ ​ ​ N/A ​ ​ ​ ​ $ 1,452,785 ​ ​ ​ ​ $ 1,037,819 ​ ​ ​ ​ $ 51.49 ​ ​ ​ ​ $ 113.36 ​ ​ ​ ​ -$ 29,689 ​ ​ ​ ​ ​ -3.8% ​ ​
2022
​ ​ ​ $ 1,551,845 ​ ​ ​ ​ $ 1,739,780 ​ ​ ​ ​ $ 1,562,931 ​ ​ ​ ​ $ 1,468,766 ​ ​ ​ ​ $ 825,850 ​ ​ ​ ​ $ 838,313 ​ ​ ​ ​ $ 68.01 ​ ​ ​ ​ $ 107.31 ​ ​ ​ ​ $ 15,031 ​ ​ ​ ​ ​ 3.0% ​ ​
2021
​ ​ ​ ​ N/A ​ ​ ​ ​ $ 2,387,206 ​ ​ ​ ​ ​ N/A ​ ​ ​ ​ $ 2,678,683 ​ ​ ​ ​ $ 865,170 ​ ​ ​ ​ $ 802,746 ​ ​ ​ ​ $ 56.44 ​ ​ ​ ​ $ 118.13 ​ ​ ​ ​ $ 80,594 ​ ​ ​ ​ ​ 7.2% ​ ​
2020
​ ​ ​ ​ N/A ​ ​ ​ ​ $ 2,118,816 ​ ​ ​ ​ ​ N/A ​ ​ ​ ​ $ 686,264 ​ ​ ​ ​ $ 1,075,628 ​ ​ ​ ​ $ 475,102 ​ ​ ​ ​ $ 59.76 ​ ​ ​ ​ $ 100.89 ​ ​ ​ ​ -$ 112,706 ​ ​ ​ ​ ​ -13.4% ​ ​
​
(1)
The Principal Executive Officer (“PEO”) and named executive officers for the applicable years were as follows:
​
Year
​ ​
Current PEO
​ ​
Former PEO
​ ​
Non-PEO NEOs
​
2023 ​ ​
Kevin J. Leidwinger
​ ​ ​ ​ ​ Julie A. Stephenson; Eric J. Martin; Robert F. Cataldo; and Micah Woolstenhulme ​
2022 ​ ​
Kevin J. Leidwinger
​ ​
Randy A. Ramlo
​ ​ Eric J. Martin; Robert F. Cataldo; Jeremy J. Bahl; Micah Woolstenhulme; Randy L. Patten; and Michael T. Wilkins ​
2021 ​ ​ ​ ​ ​
Randy A. Ramlo
​ ​ Michael T. Wilkins; Randy L. Patten; Robert F. Cataldo; Micah Woolstenhulme; and Dawn M. Jaffray ​
2020 ​ ​ ​ ​ ​
Randy A. Ramlo
​ ​ Michael T. Wilkins; Dawn M. Jaffray; Robert F. Cataldo; and Neal R. Scharmer ​
​
(2)
Amounts reported in this column represent (i) the total compensation reported in the Summary Compensation Table for the applicable year in the case of Messrs. Leidwinger and Ramlo and (ii) the average of the total compensation reported in the Summary Compensation Table for the applicable year for the Company’s named executive officers reported for the applicable year other than the PEOs for such years.
​
(3)
To calculate compensation actually paid, adjustments were made to the amounts reported in the Summary Compensation Table for the applicable year. A reconciliation of the adjustments for Messrs. Leidwinger and Ramlo and for the average of the other named executive officers is set forth following the footnotes of this table.
​
(4)
Pursuant to rules of the SEC, the comparison assumes $100 was invested on December 31, 2019. Historic stock price performance is not necessarily indicative of future stock price performance.
​
(5)
The TSR Peer Group consists of Standard & Poor’s 600 Property and Casualty Index. This is the same industry index used for purposes of the Company’s stock price performance graph in its Annual Report to stockholders.
​
(6)
As noted in the CD&A for 2023 the Compensation Committee determined that Adjusted ROE continues to be viewed as a core driver of the Company’s performance and stockholder value creation and, accordingly, was utilized as a component in both the 2023 AIP and 2023 PSUs. Adjusted ROE is our return-on-equity, calculated in accordance with GAAP, excluding the impact of market value changes on investments.
​
​ ​ ​
2020
​ ​
2021
​ ​
2022
​ ​
2023
​
Adjustments
​ ​
Former
PEO
​ ​
Average
non-PEO
NEOs(i)
​ ​
Former
PEO
​ ​
Average
non-PEO
NEOs(i)
​ ​
Former
PEO
​ ​
Current
PEO
​ ​
Average
non-PEO
NEOs(i)
​ ​
Current
PEO
​ ​
Average
non-PEO
NEOs(i)
​
Deduction for Amounts Reported under the “Stock Awards” and “Option Awards” Columns in the Summary Compensation Table for Applicable FY (a)
​ ​ ​ -$ 570,904 ​ ​ ​ ​ -$ 316,962 ​ ​ ​ ​ -$ 856,025 ​ ​ ​ ​ -$ 282,058 ​ ​ ​ ​ -$ 297,179 ​ ​ ​ ​ -$ 919,152 ​ ​ ​ ​ -$ 296,673 ​ ​ ​ ​ -$ 1,500,009 ​ ​ ​ ​ -$ 604,516 ​ ​
Increase based on ASC 718 Fair Value of
Awards Granted during Applicable FY that
Remain Unvested as of Applicable FY End,
determined as of Applicable FY End(b)
​ ​ ​ $ 244,579 ​ ​ ​ ​ $ 150,389 ​ ​ ​ ​ $ 678,624 ​ ​ ​ ​ $ 221,278 ​ ​ ​ ​ $ 52,121 ​ ​ ​ ​ $ 758,427 ​ ​ ​ ​ $ 232,501 ​ ​ ​ ​ $ 853,662 ​ ​ ​ ​ $ 325,097 ​ ​
Increase based on ASC 718 Fair Value of
Awards Granted during Applicable FY that
Vested during Applicable FY, determined as
of Vesting Date(c)
​ ​ ​ $ 0 ​ ​ ​ ​ $ 0 ​ ​ ​ ​ $ 0 ​ ​ ​ ​ $ 0 ​ ​ ​ ​ $ 0 ​ ​ ​ ​ $ 171,811 ​ ​ ​ ​ $ 32,232 ​ ​ ​ ​ $ 0 ​ ​ ​ ​ $ 62,291 ​ ​
Increase/deduction for Awards Granted during
Prior FY that were Outstanding and
Unvested as of Applicable FY End,
determined based on change in ASC 718
Fair Value from Prior FY End to Applicable
FY End(d)
​ ​ ​ -$ 815,303 ​ ​ ​ ​ -$ 248,518 ​ ​ ​ ​ $ 60,113 ​ ​ ​ ​ $ 12,296 ​ ​ ​ ​ $ 102,827 ​ ​ ​ ​ $ 0 ​ ​ ​ ​ $ 33,568 ​ ​ ​ ​ -$ 326,705 ​ ​ ​ ​ -$ 180,706 ​ ​
Increase/deduction for Awards Granted during
Prior FY that Vested During Applicable FY,
determined based on change in ASC 718
Fair Value from Prior FY End to Vesting
Date(e)
​ ​ ​ -$ 63,206 ​ ​ ​ ​ -$ 21,734 ​ ​ ​ ​ $ 379,673 ​ ​ ​ ​ $ 82,599 ​ ​ ​ ​ $ 303,084 ​ ​ ​ ​ $ 0 ​ ​ ​ ​ $ 40,726 ​ ​ ​ ​ -$ 42,231 ​ ​ ​ ​ $ 111 ​ ​
Deduction of ASC 718 Fair Value of Awards
Granted during Prior FY that were
Forfeited during Applicable FY, determined
as of Prior FY End(f)
​ ​ ​ $ 0 ​ ​ ​ ​ $ 0 ​ ​ ​ ​ -$ 76,166 ​ ​ ​ ​ -$ 112,552 ​ ​ ​ ​ -$ 521,131 ​ ​ ​ ​ $ 0 ​ ​ ​ ​ -$ 49,924 ​ ​ ​ ​ $ 0 ​ ​ ​ ​ -$ 3,439 ​ ​
Increase based on Dividends or Other Earnings Paid during Applicable FY prior to Vesting Date
​ ​ ​ $ 74,600 ​ ​ ​ ​ $ 16,632 ​ ​ ​ ​ $ 98,373 ​ ​ ​ ​ $ 19,217 ​ ​ ​ ​ $ 64,267 ​ ​ ​ ​ $ 0 ​ ​ ​ ​ $ 6,439 ​ ​ ​ ​ $ 5,600 ​ ​ ​ ​ $ 4,217 ​ ​
Increase based on Incremental Fair Value of Options/SARs Modified during Applicable FY
​ ​ ​ $ 0 ​ ​ ​ ​ $ 0 ​ ​ ​ ​ $ 0 ​ ​ ​ ​ $ 0 ​ ​ ​ ​ $ 0 ​ ​ ​ ​ $ 0 ​ ​ ​ ​ $ 0 ​ ​ ​ ​ $ 0 ​ ​ ​ ​ $ 0 ​ ​
Deduction for Change in the Actuarial Present
Values reported under the “Change in
Pension Value and Nonqualified Deferred
Compensation Earnings” Column of the
Summary Compensation Table for
Applicable FY(g)
​ ​ ​ -$ 323,233 ​ ​ ​ ​ -$ 224,026 ​ ​ ​ ​ -$ 4,867 ​ ​ ​ ​ -$ 33,855 ​ ​ ​ ​ $ 0 ​ ​ ​ ​ $ 0 ​ ​ ​ ​ $ 0 ​ ​ ​ ​ $ 0 ​ ​ ​ ​ -$ 25,286 ​ ​
Increase for Service Cost and, if applicable, Prior Service Cost for Pension Plans(h)
​ ​ ​ $ 20,915 ​ ​ ​ ​ $ 43,693 ​ ​ ​ ​ $ 11,752 ​ ​ ​ ​ $ 30,651 ​ ​ ​ ​ $ 24,998 ​ ​ ​ ​ $ 0 ​ ​ ​ ​ $ 13,594 ​ ​ ​ ​ $ 0 ​ ​ ​ ​ $ 7,265 ​ ​
TOTAL ADJUSTMENTS
​ ​ ​ -$ 1,432,552 ​ ​ ​ ​ -$ 600,526 ​ ​ ​ ​ $ 291,477 ​ ​ ​ ​ -$ 62,424 ​ ​ ​ ​ -$ 271,013 ​ ​ ​ ​ $ 11,086 ​ ​ ​ ​ $ 12,463 ​ ​ ​ ​ -$ 1,009,683 ​ ​ ​ ​ -$ 414,966 ​ ​
(a)
Represents the grant date fair value of the stock option and stock awards granted during the indicated fiscal year, computed in accordance with the methodology used for financial reporting purposes.
​
(b)
Represents the fair value as of the indicated fiscal year-end of the outstanding and unvested option awards and stock awards granted during such fiscal year, computed in accordance with the methodology used for financial reporting purposes and, for awards subject to performance-based vesting conditions, based on the probable outcome of such performance-based vesting conditions as of the last day of the fiscal year.
​
(c)
Represents the fair value at vesting of the option awards and stock awards that were granted and vested during the indicated fiscal year, computed in accordance with the methodology used for financial reporting purposes.
​
(d)
Represents the change in fair value during the indicated fiscal year of each option award and stock award that was granted in a prior fiscal year and that remained outstanding and unvested as of the last day of the indicated fiscal year, computed in accordance with the methodology used for financial reporting purposes and, for awards subject to performance-based vesting conditions, based on the probable outcome of such performance-based vesting conditions as of the last day of the fiscal year.
​
(e)
Represents the change in fair value, measured from the prior fiscal year-end to the vesting date, of each option award and stock award that was granted in a prior fiscal year, and which vested during the indicated fiscal year, computed in accordance with the methodology used for financial reporting purposes.
​
(f)
Represents the fair value as of the last day of the prior fiscal year of the option award and stock awards that were granted in a prior fiscal year and which failed to meet the applicable vesting conditions in the indicated fiscal year, computed in accordance with the methodology used for financial reporting purposes.
​
(g)
Represents the aggregate change in the actuarial present value of the accumulated benefits under all defined benefit and actuarial pension plans reported in the Summary Compensation Table for the indicated fiscal year.
​
(h)
Represents the sum of the actuarial present value of the benefits under all defined benefit and actuarial pension plans attributable to services rendered during the indicated fiscal year, calculated using the same methodology as used in the Company’s financial statements under generally accepted accounting principles.
​
(i)
See footnote 1 above for the named executive officers included in the average for each year.
     
Company Selected Measure Name   Adjusted ROE (%)      
Named Executive Officers, Footnote  
(1)
The Principal Executive Officer (“PEO”) and named executive officers for the applicable years were as follows:
​
Year
​ ​
Current PEO
​ ​
Former PEO
​ ​
Non-PEO NEOs
​
2023 ​ ​
Kevin J. Leidwinger
​ ​ ​ ​ ​ Julie A. Stephenson; Eric J. Martin; Robert F. Cataldo; and Micah Woolstenhulme ​
2022 ​ ​
Kevin J. Leidwinger
​ ​
Randy A. Ramlo
​ ​ Eric J. Martin; Robert F. Cataldo; Jeremy J. Bahl; Micah Woolstenhulme; Randy L. Patten; and Michael T. Wilkins ​
2021 ​ ​ ​ ​ ​
Randy A. Ramlo
​ ​ Michael T. Wilkins; Randy L. Patten; Robert F. Cataldo; Micah Woolstenhulme; and Dawn M. Jaffray ​
2020 ​ ​ ​ ​ ​
Randy A. Ramlo
​ ​ Michael T. Wilkins; Dawn M. Jaffray; Robert F. Cataldo; and Neal R. Scharmer ​
     
Peer Group Issuers, Footnote  
(5)
The TSR Peer Group consists of Standard & Poor’s 600 Property and Casualty Index. This is the same industry index used for purposes of the Company’s stock price performance graph in its Annual Report to stockholders.
     
Adjustment To PEO Compensation, Footnote  
​ ​ ​
2020
​ ​
2021
​ ​
2022
​ ​
2023
​
Adjustments
​ ​
Former
PEO
​ ​
Average
non-PEO
NEOs(i)
​ ​
Former
PEO
​ ​
Average
non-PEO
NEOs(i)
​ ​
Former
PEO
​ ​
Current
PEO
​ ​
Average
non-PEO
NEOs(i)
​ ​
Current
PEO
​ ​
Average
non-PEO
NEOs(i)
​
Deduction for Amounts Reported under the “Stock Awards” and “Option Awards” Columns in the Summary Compensation Table for Applicable FY (a)
​ ​ ​ -$ 570,904 ​ ​ ​ ​ -$ 316,962 ​ ​ ​ ​ -$ 856,025 ​ ​ ​ ​ -$ 282,058 ​ ​ ​ ​ -$ 297,179 ​ ​ ​ ​ -$ 919,152 ​ ​ ​ ​ -$ 296,673 ​ ​ ​ ​ -$ 1,500,009 ​ ​ ​ ​ -$ 604,516 ​ ​
Increase based on ASC 718 Fair Value of
Awards Granted during Applicable FY that
Remain Unvested as of Applicable FY End,
determined as of Applicable FY End(b)
​ ​ ​ $ 244,579 ​ ​ ​ ​ $ 150,389 ​ ​ ​ ​ $ 678,624 ​ ​ ​ ​ $ 221,278 ​ ​ ​ ​ $ 52,121 ​ ​ ​ ​ $ 758,427 ​ ​ ​ ​ $ 232,501 ​ ​ ​ ​ $ 853,662 ​ ​ ​ ​ $ 325,097 ​ ​
Increase based on ASC 718 Fair Value of
Awards Granted during Applicable FY that
Vested during Applicable FY, determined as
of Vesting Date(c)
​ ​ ​ $ 0 ​ ​ ​ ​ $ 0 ​ ​ ​ ​ $ 0 ​ ​ ​ ​ $ 0 ​ ​ ​ ​ $ 0 ​ ​ ​ ​ $ 171,811 ​ ​ ​ ​ $ 32,232 ​ ​ ​ ​ $ 0 ​ ​ ​ ​ $ 62,291 ​ ​
Increase/deduction for Awards Granted during
Prior FY that were Outstanding and
Unvested as of Applicable FY End,
determined based on change in ASC 718
Fair Value from Prior FY End to Applicable
FY End(d)
​ ​ ​ -$ 815,303 ​ ​ ​ ​ -$ 248,518 ​ ​ ​ ​ $ 60,113 ​ ​ ​ ​ $ 12,296 ​ ​ ​ ​ $ 102,827 ​ ​ ​ ​ $ 0 ​ ​ ​ ​ $ 33,568 ​ ​ ​ ​ -$ 326,705 ​ ​ ​ ​ -$ 180,706 ​ ​
Increase/deduction for Awards Granted during
Prior FY that Vested During Applicable FY,
determined based on change in ASC 718
Fair Value from Prior FY End to Vesting
Date(e)
​ ​ ​ -$ 63,206 ​ ​ ​ ​ -$ 21,734 ​ ​ ​ ​ $ 379,673 ​ ​ ​ ​ $ 82,599 ​ ​ ​ ​ $ 303,084 ​ ​ ​ ​ $ 0 ​ ​ ​ ​ $ 40,726 ​ ​ ​ ​ -$ 42,231 ​ ​ ​ ​ $ 111 ​ ​
Deduction of ASC 718 Fair Value of Awards
Granted during Prior FY that were
Forfeited during Applicable FY, determined
as of Prior FY End(f)
​ ​ ​ $ 0 ​ ​ ​ ​ $ 0 ​ ​ ​ ​ -$ 76,166 ​ ​ ​ ​ -$ 112,552 ​ ​ ​ ​ -$ 521,131 ​ ​ ​ ​ $ 0 ​ ​ ​ ​ -$ 49,924 ​ ​ ​ ​ $ 0 ​ ​ ​ ​ -$ 3,439 ​ ​
Increase based on Dividends or Other Earnings Paid during Applicable FY prior to Vesting Date
​ ​ ​ $ 74,600 ​ ​ ​ ​ $ 16,632 ​ ​ ​ ​ $ 98,373 ​ ​ ​ ​ $ 19,217 ​ ​ ​ ​ $ 64,267 ​ ​ ​ ​ $ 0 ​ ​ ​ ​ $ 6,439 ​ ​ ​ ​ $ 5,600 ​ ​ ​ ​ $ 4,217 ​ ​
Increase based on Incremental Fair Value of Options/SARs Modified during Applicable FY
​ ​ ​ $ 0 ​ ​ ​ ​ $ 0 ​ ​ ​ ​ $ 0 ​ ​ ​ ​ $ 0 ​ ​ ​ ​ $ 0 ​ ​ ​ ​ $ 0 ​ ​ ​ ​ $ 0 ​ ​ ​ ​ $ 0 ​ ​ ​ ​ $ 0 ​ ​
Deduction for Change in the Actuarial Present
Values reported under the “Change in
Pension Value and Nonqualified Deferred
Compensation Earnings” Column of the
Summary Compensation Table for
Applicable FY(g)
​ ​ ​ -$ 323,233 ​ ​ ​ ​ -$ 224,026 ​ ​ ​ ​ -$ 4,867 ​ ​ ​ ​ -$ 33,855 ​ ​ ​ ​ $ 0 ​ ​ ​ ​ $ 0 ​ ​ ​ ​ $ 0 ​ ​ ​ ​ $ 0 ​ ​ ​ ​ -$ 25,286 ​ ​
Increase for Service Cost and, if applicable, Prior Service Cost for Pension Plans(h)
​ ​ ​ $ 20,915 ​ ​ ​ ​ $ 43,693 ​ ​ ​ ​ $ 11,752 ​ ​ ​ ​ $ 30,651 ​ ​ ​ ​ $ 24,998 ​ ​ ​ ​ $ 0 ​ ​ ​ ​ $ 13,594 ​ ​ ​ ​ $ 0 ​ ​ ​ ​ $ 7,265 ​ ​
TOTAL ADJUSTMENTS
​ ​ ​ -$ 1,432,552 ​ ​ ​ ​ -$ 600,526 ​ ​ ​ ​ $ 291,477 ​ ​ ​ ​ -$ 62,424 ​ ​ ​ ​ -$ 271,013 ​ ​ ​ ​ $ 11,086 ​ ​ ​ ​ $ 12,463 ​ ​ ​ ​ -$ 1,009,683 ​ ​ ​ ​ -$ 414,966 ​ ​
(a)
Represents the grant date fair value of the stock option and stock awards granted during the indicated fiscal year, computed in accordance with the methodology used for financial reporting purposes.
​
(b)
Represents the fair value as of the indicated fiscal year-end of the outstanding and unvested option awards and stock awards granted during such fiscal year, computed in accordance with the methodology used for financial reporting purposes and, for awards subject to performance-based vesting conditions, based on the probable outcome of such performance-based vesting conditions as of the last day of the fiscal year.
​
(c)
Represents the fair value at vesting of the option awards and stock awards that were granted and vested during the indicated fiscal year, computed in accordance with the methodology used for financial reporting purposes.
​
(d)
Represents the change in fair value during the indicated fiscal year of each option award and stock award that was granted in a prior fiscal year and that remained outstanding and unvested as of the last day of the indicated fiscal year, computed in accordance with the methodology used for financial reporting purposes and, for awards subject to performance-based vesting conditions, based on the probable outcome of such performance-based vesting conditions as of the last day of the fiscal year.
​
(e)
Represents the change in fair value, measured from the prior fiscal year-end to the vesting date, of each option award and stock award that was granted in a prior fiscal year, and which vested during the indicated fiscal year, computed in accordance with the methodology used for financial reporting purposes.
​
(f)
Represents the fair value as of the last day of the prior fiscal year of the option award and stock awards that were granted in a prior fiscal year and which failed to meet the applicable vesting conditions in the indicated fiscal year, computed in accordance with the methodology used for financial reporting purposes.
​
(g)
Represents the aggregate change in the actuarial present value of the accumulated benefits under all defined benefit and actuarial pension plans reported in the Summary Compensation Table for the indicated fiscal year.
​
(h)
Represents the sum of the actuarial present value of the benefits under all defined benefit and actuarial pension plans attributable to services rendered during the indicated fiscal year, calculated using the same methodology as used in the Company’s financial statements under generally accepted accounting principles.
​
(i)
See footnote 1 above for the named executive officers included in the average for each year.
     
Non-PEO NEO Average Total Compensation Amount   $ 1,452,785 $ 825,850 $ 865,170 $ 1,075,628
Non-PEO NEO Average Compensation Actually Paid Amount   $ 1,037,819 838,313 802,746 475,102
Adjustment to Non-PEO NEO Compensation Footnote  
​ ​ ​
2020
​ ​
2021
​ ​
2022
​ ​
2023
​
Adjustments
​ ​
Former
PEO
​ ​
Average
non-PEO
NEOs(i)
​ ​
Former
PEO
​ ​
Average
non-PEO
NEOs(i)
​ ​
Former
PEO
​ ​
Current
PEO
​ ​
Average
non-PEO
NEOs(i)
​ ​
Current
PEO
​ ​
Average
non-PEO
NEOs(i)
​
Deduction for Amounts Reported under the “Stock Awards” and “Option Awards” Columns in the Summary Compensation Table for Applicable FY (a)
​ ​ ​ -$ 570,904 ​ ​ ​ ​ -$ 316,962 ​ ​ ​ ​ -$ 856,025 ​ ​ ​ ​ -$ 282,058 ​ ​ ​ ​ -$ 297,179 ​ ​ ​ ​ -$ 919,152 ​ ​ ​ ​ -$ 296,673 ​ ​ ​ ​ -$ 1,500,009 ​ ​ ​ ​ -$ 604,516 ​ ​
Increase based on ASC 718 Fair Value of
Awards Granted during Applicable FY that
Remain Unvested as of Applicable FY End,
determined as of Applicable FY End(b)
​ ​ ​ $ 244,579 ​ ​ ​ ​ $ 150,389 ​ ​ ​ ​ $ 678,624 ​ ​ ​ ​ $ 221,278 ​ ​ ​ ​ $ 52,121 ​ ​ ​ ​ $ 758,427 ​ ​ ​ ​ $ 232,501 ​ ​ ​ ​ $ 853,662 ​ ​ ​ ​ $ 325,097 ​ ​
Increase based on ASC 718 Fair Value of
Awards Granted during Applicable FY that
Vested during Applicable FY, determined as
of Vesting Date(c)
​ ​ ​ $ 0 ​ ​ ​ ​ $ 0 ​ ​ ​ ​ $ 0 ​ ​ ​ ​ $ 0 ​ ​ ​ ​ $ 0 ​ ​ ​ ​ $ 171,811 ​ ​ ​ ​ $ 32,232 ​ ​ ​ ​ $ 0 ​ ​ ​ ​ $ 62,291 ​ ​
Increase/deduction for Awards Granted during
Prior FY that were Outstanding and
Unvested as of Applicable FY End,
determined based on change in ASC 718
Fair Value from Prior FY End to Applicable
FY End(d)
​ ​ ​ -$ 815,303 ​ ​ ​ ​ -$ 248,518 ​ ​ ​ ​ $ 60,113 ​ ​ ​ ​ $ 12,296 ​ ​ ​ ​ $ 102,827 ​ ​ ​ ​ $ 0 ​ ​ ​ ​ $ 33,568 ​ ​ ​ ​ -$ 326,705 ​ ​ ​ ​ -$ 180,706 ​ ​
Increase/deduction for Awards Granted during
Prior FY that Vested During Applicable FY,
determined based on change in ASC 718
Fair Value from Prior FY End to Vesting
Date(e)
​ ​ ​ -$ 63,206 ​ ​ ​ ​ -$ 21,734 ​ ​ ​ ​ $ 379,673 ​ ​ ​ ​ $ 82,599 ​ ​ ​ ​ $ 303,084 ​ ​ ​ ​ $ 0 ​ ​ ​ ​ $ 40,726 ​ ​ ​ ​ -$ 42,231 ​ ​ ​ ​ $ 111 ​ ​
Deduction of ASC 718 Fair Value of Awards
Granted during Prior FY that were
Forfeited during Applicable FY, determined
as of Prior FY End(f)
​ ​ ​ $ 0 ​ ​ ​ ​ $ 0 ​ ​ ​ ​ -$ 76,166 ​ ​ ​ ​ -$ 112,552 ​ ​ ​ ​ -$ 521,131 ​ ​ ​ ​ $ 0 ​ ​ ​ ​ -$ 49,924 ​ ​ ​ ​ $ 0 ​ ​ ​ ​ -$ 3,439 ​ ​
Increase based on Dividends or Other Earnings Paid during Applicable FY prior to Vesting Date
​ ​ ​ $ 74,600 ​ ​ ​ ​ $ 16,632 ​ ​ ​ ​ $ 98,373 ​ ​ ​ ​ $ 19,217 ​ ​ ​ ​ $ 64,267 ​ ​ ​ ​ $ 0 ​ ​ ​ ​ $ 6,439 ​ ​ ​ ​ $ 5,600 ​ ​ ​ ​ $ 4,217 ​ ​
Increase based on Incremental Fair Value of Options/SARs Modified during Applicable FY
​ ​ ​ $ 0 ​ ​ ​ ​ $ 0 ​ ​ ​ ​ $ 0 ​ ​ ​ ​ $ 0 ​ ​ ​ ​ $ 0 ​ ​ ​ ​ $ 0 ​ ​ ​ ​ $ 0 ​ ​ ​ ​ $ 0 ​ ​ ​ ​ $ 0 ​ ​
Deduction for Change in the Actuarial Present
Values reported under the “Change in
Pension Value and Nonqualified Deferred
Compensation Earnings” Column of the
Summary Compensation Table for
Applicable FY(g)
​ ​ ​ -$ 323,233 ​ ​ ​ ​ -$ 224,026 ​ ​ ​ ​ -$ 4,867 ​ ​ ​ ​ -$ 33,855 ​ ​ ​ ​ $ 0 ​ ​ ​ ​ $ 0 ​ ​ ​ ​ $ 0 ​ ​ ​ ​ $ 0 ​ ​ ​ ​ -$ 25,286 ​ ​
Increase for Service Cost and, if applicable, Prior Service Cost for Pension Plans(h)
​ ​ ​ $ 20,915 ​ ​ ​ ​ $ 43,693 ​ ​ ​ ​ $ 11,752 ​ ​ ​ ​ $ 30,651 ​ ​ ​ ​ $ 24,998 ​ ​ ​ ​ $ 0 ​ ​ ​ ​ $ 13,594 ​ ​ ​ ​ $ 0 ​ ​ ​ ​ $ 7,265 ​ ​
TOTAL ADJUSTMENTS
​ ​ ​ -$ 1,432,552 ​ ​ ​ ​ -$ 600,526 ​ ​ ​ ​ $ 291,477 ​ ​ ​ ​ -$ 62,424 ​ ​ ​ ​ -$ 271,013 ​ ​ ​ ​ $ 11,086 ​ ​ ​ ​ $ 12,463 ​ ​ ​ ​ -$ 1,009,683 ​ ​ ​ ​ -$ 414,966 ​ ​
(a)
Represents the grant date fair value of the stock option and stock awards granted during the indicated fiscal year, computed in accordance with the methodology used for financial reporting purposes.
​
(b)
Represents the fair value as of the indicated fiscal year-end of the outstanding and unvested option awards and stock awards granted during such fiscal year, computed in accordance with the methodology used for financial reporting purposes and, for awards subject to performance-based vesting conditions, based on the probable outcome of such performance-based vesting conditions as of the last day of the fiscal year.
​
(c)
Represents the fair value at vesting of the option awards and stock awards that were granted and vested during the indicated fiscal year, computed in accordance with the methodology used for financial reporting purposes.
​
(d)
Represents the change in fair value during the indicated fiscal year of each option award and stock award that was granted in a prior fiscal year and that remained outstanding and unvested as of the last day of the indicated fiscal year, computed in accordance with the methodology used for financial reporting purposes and, for awards subject to performance-based vesting conditions, based on the probable outcome of such performance-based vesting conditions as of the last day of the fiscal year.
​
(e)
Represents the change in fair value, measured from the prior fiscal year-end to the vesting date, of each option award and stock award that was granted in a prior fiscal year, and which vested during the indicated fiscal year, computed in accordance with the methodology used for financial reporting purposes.
​
(f)
Represents the fair value as of the last day of the prior fiscal year of the option award and stock awards that were granted in a prior fiscal year and which failed to meet the applicable vesting conditions in the indicated fiscal year, computed in accordance with the methodology used for financial reporting purposes.
​
(g)
Represents the aggregate change in the actuarial present value of the accumulated benefits under all defined benefit and actuarial pension plans reported in the Summary Compensation Table for the indicated fiscal year.
​
(h)
Represents the sum of the actuarial present value of the benefits under all defined benefit and actuarial pension plans attributable to services rendered during the indicated fiscal year, calculated using the same methodology as used in the Company’s financial statements under generally accepted accounting principles.
​
(i)
See footnote 1 above for the named executive officers included in the average for each year.
     
Compensation Actually Paid vs. Total Shareholder Return   [MISSING IMAGE: bc_versus-4c.jpg]      
Compensation Actually Paid vs. Net Income  
[MISSING IMAGE: bc_netincome-4c.jpg]
     
Compensation Actually Paid vs. Company Selected Measure  
[MISSING IMAGE: bc_versusadjusted-4c.jpg]
     
Total Shareholder Return Vs Peer Group   [MISSING IMAGE: bc_versus-4c.jpg]      
Tabular List, Table  
Performance Measures Used to Link Company Performance and Compensation Actually Paid to the Named Executive Officers
The following is a list of financial performance measures, which in the Company’s assessment represent the most important financial measures used by the Company to link CAP to the named executive officers for 2023. Please see the CD&A for a further description of these metrics and how they are used in the Company’s executive compensation program, including the AIP and 2023 PSUs.
We believe the following performance measures represent the most important financial performance measures used by us to link compensation actually paid to our named executive officers for the fiscal year ended December 31, 2023:
Adjusted Return on Equity,
​
Written Premium Growth,
​
Net Adjusted Loss Ratio, and
​
Underwriting Expense Ratio.
​
​
      
Total Shareholder Return Amount   $ 51.49 68.01 56.44 59.76
Peer Group Total Shareholder Return Amount   113.36 107.31 118.13 100.89
Net Income (Loss)   $ (29,689,000) $ 15,031,000 $ 80,594,000 $ (112,706,000)
Company Selected Measure Amount   (3.8) 3 7.2 (13.4)
Measure:: 1          
Pay vs Performance Disclosure          
Name   Adjusted Return on Equity,      
Non-GAAP Measure Description  
(6)
As noted in the CD&A for 2023 the Compensation Committee determined that Adjusted ROE continues to be viewed as a core driver of the Company’s performance and stockholder value creation and, accordingly, was utilized as a component in both the 2023 AIP and 2023 PSUs. Adjusted ROE is our return-on-equity, calculated in accordance with GAAP, excluding the impact of market value changes on investments.
     
Measure:: 2          
Pay vs Performance Disclosure          
Name   Written Premium Growth      
Measure:: 3          
Pay vs Performance Disclosure          
Name   Net Adjusted Loss Ratio      
Measure:: 4          
Pay vs Performance Disclosure          
Name   Underwriting Expense Ratio      
Current PEO [Member]          
Pay vs Performance Disclosure          
PEO Total Compensation Amount   $ 2,750,297 $ 1,551,845    
PEO Actually Paid Compensation Amount   $ 1,740,613 1,562,931    
PEO Name   Kevin J. Leidwinger      
Former PEO [Member]          
Pay vs Performance Disclosure          
PEO Total Compensation Amount     1,739,780 $ 2,387,206 $ 2,118,816
PEO Actually Paid Compensation Amount     1,468,766 2,678,683 686,264
PEO Name Randy A. Ramlo        
PEO | Current PEO [Member] | Total Net Adjustments For Equity Awards [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount   $ (1,009,683) 11,086    
PEO | Current PEO [Member] | Equity Awards Value In Summary Compensation Table (Grant Date Value)          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount   (1,500,009) (919,152)    
PEO | Current PEO [Member] | Year-end Fair Value Of Awards Granted In The Current Fiscal Year [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount   853,662 758,427    
PEO | Current PEO [Member] | Change In Fair Value As Of Vesting Date Of Awards Vested During Current Year [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount   0 171,811    
PEO | Current PEO [Member] | Change In Fair Value Of Outstanding And Unvested Awards Granted In Prior Fiscal Years [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount   (326,705) 0    
PEO | Current PEO [Member] | Change In Fair Value As Of Vesting Date Of Prior Year Awards Vested During Current Year [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount   (42,231) 0    
PEO | Current PEO [Member] | Change In Fair Value Of Awards Granted In Forfeited During Fiscal Year [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount   0 0    
PEO | Current PEO [Member] | Dividends Or Other Earnings Paid On Equity Awards Not Otherwise Reflected In Fair Value [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount   5,600 0    
PEO | Current PEO [Member] | Change In Fair Value Of Options And SARs Modified During Fiscal Year [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount   0 0    
PEO | Current PEO [Member] | Change In Pension Value And Nonqualified Deferred Compensation Earnings [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount   0 0    
PEO | Current PEO [Member] | Total Pension Adjustments [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount   0 0    
PEO | Former PEO [Member] | Total Net Adjustments For Equity Awards [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount     (271,013) 291,477 (1,432,552)
PEO | Former PEO [Member] | Equity Awards Value In Summary Compensation Table (Grant Date Value)          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount     (297,179) (856,025) (570,904)
PEO | Former PEO [Member] | Year-end Fair Value Of Awards Granted In The Current Fiscal Year [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount     52,121 678,624 244,579
PEO | Former PEO [Member] | Change In Fair Value As Of Vesting Date Of Awards Vested During Current Year [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount     0 0 0
PEO | Former PEO [Member] | Change In Fair Value Of Outstanding And Unvested Awards Granted In Prior Fiscal Years [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount     102,827 60,113 (815,303)
PEO | Former PEO [Member] | Change In Fair Value As Of Vesting Date Of Prior Year Awards Vested During Current Year [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount     303,084 379,673 (63,206)
PEO | Former PEO [Member] | Change In Fair Value Of Awards Granted In Forfeited During Fiscal Year [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount     (521,131) (76,166) 0
PEO | Former PEO [Member] | Dividends Or Other Earnings Paid On Equity Awards Not Otherwise Reflected In Fair Value [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount     64,267 98,373 74,600
PEO | Former PEO [Member] | Change In Fair Value Of Options And SARs Modified During Fiscal Year [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount     0 0 0
PEO | Former PEO [Member] | Change In Pension Value And Nonqualified Deferred Compensation Earnings [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount     0 (4,867) (323,233)
PEO | Former PEO [Member] | Total Pension Adjustments [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount     24,998 11,752 20,915
Non-PEO NEO | Total Net Adjustments For Equity Awards [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount   (414,966) 12,463 (62,424) (600,526)
Non-PEO NEO | Equity Awards Value In Summary Compensation Table (Grant Date Value)          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount   (604,516) (296,673) (282,058) (316,962)
Non-PEO NEO | Year-end Fair Value Of Awards Granted In The Current Fiscal Year [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount   325,097 232,501 221,278 150,389
Non-PEO NEO | Change In Fair Value As Of Vesting Date Of Awards Vested During Current Year [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount   62,291 32,232 0 0
Non-PEO NEO | Change In Fair Value Of Outstanding And Unvested Awards Granted In Prior Fiscal Years [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount   (180,706) 33,568 12,296 (248,518)
Non-PEO NEO | Change In Fair Value As Of Vesting Date Of Prior Year Awards Vested During Current Year [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount   111 40,726 82,599 (21,734)
Non-PEO NEO | Change In Fair Value Of Awards Granted In Forfeited During Fiscal Year [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount   (3,439) (49,924) (112,552) 0
Non-PEO NEO | Dividends Or Other Earnings Paid On Equity Awards Not Otherwise Reflected In Fair Value [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount   4,217 6,439 19,217 16,632
Non-PEO NEO | Change In Fair Value Of Options And SARs Modified During Fiscal Year [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount   0 0 0 0
Non-PEO NEO | Change In Pension Value And Nonqualified Deferred Compensation Earnings [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount   (25,286) 0 (33,855) (224,026)
Non-PEO NEO | Total Pension Adjustments [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount   $ 7,265 $ 13,594 $ 30,651 $ 43,693