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Pay vs Performance Disclosure
12 Months Ended
Dec. 31, 2024
USD ($)
$ / shares
Dec. 31, 2023
USD ($)
$ / shares
Dec. 31, 2022
USD ($)
$ / shares
Dec. 31, 2021
USD ($)
$ / shares
Dec. 31, 2020
USD ($)
$ / shares
Pay vs Performance Disclosure          
Pay vs Performance Disclosure, Table
PAY VERSUS PERFORMANCE
As required by Section 953(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act and Item 402(v) of Regulation S-K, the following table reports the compensation of our Principal Executive Officer (PEO), and the average compensation of our other Named Executive Officers (Other NEOs) as reported in the Summary Compensation Table for the past three fiscal years, as well as their “compensation actually paid” as calculated pursuant to SEC rules and certain performance measures required by such rules.
Year
Summary Compensation Table Total Compensation for PEO
($)(1)
Compensation Actually Paid to PEO ($)(2)
Average Summary Compensation Table Total Compensation for Other NEOs
($)(3)
Average Compensation Actually Paid to Other NEOs
($)(2)
Value of Initial Fixed $100 Investment Based On:
Net
Income(5)
(millions)
($)
Core
EPS
($)
Carl H. Lindner III
S. Craig Lindner
Carl H. Lindner III
S. Craig Lindner
Total Shareholder Return
($)
Peer Group(4) Total Shareholder Return
($)
2024
11,570,059
11,545,807
12,918,695
12,894,443
3,038,664
3,609,210
207.26
222.43
887
10.75
2023
9,844,148
9,914,566
9,311,061
9,381,479
2,919,108
2,775,385
167.51
164.49
852
10.56
2022
12,670,399
12,637,868
13,456,927
13,424,396
2,854,120
3,133,065
181.22
148.53
898
11.63
2021
12,449,582
12,341,739
16,851,687
16,743,844
2,639,597
4,137,031
163.26
124.95
1,995
11.59
2020
9,631,170
9,596,241
8,637,205
8,602,276
1,991,354
1,659,485
83.81
106.33
732
8.44
(1)
For 2020 through 2024, our PEOs were the Co-CEOs, Carl H. Lindner III and S. Craig Lindner. The dollar amounts reported in this column are the amounts of total compensation reported for the Co-CEOs for each corresponding year in the “Total” column of the Summary Compensation Table.
(2)
“Compensation actually paid” to our Co-CEOs and Other NEOs in each of 2024, 2023, 2022, 2021 and 2020 reflects the respective amounts set forth in the “Total” column of the Summary Compensation Table, as adjusted as set forth in the table below (dollars in thousands), in accordance with SEC rules. The dollar amounts reflected in the “Total” column of the Summary Compensation Table and above do not reflect the actual amount of compensation earned by or paid to our Co-CEOs and Other NEOs during the applicable year. For information regarding the decisions made by our management and Compensation Committee in regards to the NEO compensation for each fiscal year, please see the Compensation Discussion & Analysis section of this proxy statement.
Covered Year
2024
2023
2022
2021
2020
 
Carl H.
Lindner III
($)
S. Craig
Lindner
($)
Non-PEO
NEOs
Average ($)
Carl H.
Lindner III
($)
S. Craig
Lindner
($)
Non-PEO
NEOs
Average ($)
Carl H.
Lindner III
($)
S. Craig
Lindner
($)
Non-PEO
NEOs
Average ($)
Carl H.
Lindner III
($)
S. Craig
Lindner
($)
Non-PEO
NEOs
Average ($)
Carl H.
Lindner III
($)
S. Craig
Lindner
($)
Non-PEO
NEOs
Average ($)
Summary Compensation Table “Total”
11,570.1
11,545.8
3,038.7
9,844.1
9,914.6
2,919.1
12,670.4
12,637.9
2,854.1
12,449.6
12,341.7
2,639.6
9,631.2
9,596.2
1,991.4
Less: Stock Award Values Reported in Summary Compensation Table for Covered Year
(1,500.0)
(1,500.0)
(626.3)
(1,500.1)
(1,500.1)
(1,066.4)
(1,500.1)
(1,500.1)
(592.6)
(1,500.1)
(1,500.1)
(538.8)
(1,500.1)
(1,500.1)
(507.6)
Plus: Fair Value of Stock Awards Granted in Covered Year
1,627.0
1,627.0
679.3
1,349.3
1,349.3
1,018.1
1,537.5
1,537.5
607.4
1,853.5
1,853.5
665.8
1,260.8
1,260.8
426.6
Change in Fair Value of Outstanding Unvested Stock and Option Awards from Prior Years
650.3
650.3
292.5
(718.8)
(718.8)
(210.0)
(1.7)
(1.7)
(0.6)
2,126.9
2,126.9
718.0
(975.7)
(975.7)
(324.8)
Change in Fair Value of Stock and Option Awards from Prior Years that Vested in Covered Year
111.4
111.4
29.1
(89.5)
(89.5)
(22.8)
(25.9)
(25.9)
(8.2)
341.1
341.1
110.9
(8.4)
(8.4)
(2.7)
Dividends Paid during Covered Year on Unvested Stock Awards
460.0
460.0
195.9
425.9
425.9
137.4
776.7
776.7
273.0
1,580.7
1,580.7
541.6
229.5
229.5
76.6
Compensation Actually Paid
12,918.7
12,894.4
3,609.2
9,311.1
9,381.5
2,775.4
13,456.9
13,424.4
3,133.1
16,851.7
16,743.8
4,137.0
8,637.2
8,602.3
1,659.5
(3)
For 2024 and 2023, the Other NEOs were John B. Berding, Brian S. Hertzman, David L. Thompson, Jr. and Mark A. Weiss. For 2022, the Other NEOs were John B. Berding, Brian S. Hertzman, Vito C. Peraino and David L. Thompson, Jr. For 2021 and 2020, our Other NEOs were John B. Berding, Michelle A. Gillis, Brian S. Hertzman and Vito C. Peraino.
(4)
For the relevant fiscal year, the dollar amounts reported represent the cumulative total shareholder return (TSR) of the S&P 500 Property & Casualty Index (“Peer Group TSR”) for the measurement periods ending on December 31 of each of 2024, 2023, 2022, 2021 and 2020, respectively.
(5)
The dollar amounts reported represent the amount of net income (loss) reflected in our consolidated audited financial statements in the Company’s Annual Reports on Form 10-K for each of the years ended December 31, 2024, 2023, 2022, 2021 and 2020, respectively.
       
Company Selected Measure Name Core Earnings per Share        
Named Executive Officers, Footnote
(1)
For 2020 through 2024, our PEOs were the Co-CEOs, Carl H. Lindner III and S. Craig Lindner. The dollar amounts reported in this column are the amounts of total compensation reported for the Co-CEOs for each corresponding year in the “Total” column of the Summary Compensation Table.
(3)
For 2024 and 2023, the Other NEOs were John B. Berding, Brian S. Hertzman, David L. Thompson, Jr. and Mark A. Weiss. For 2022, the Other NEOs were John B. Berding, Brian S. Hertzman, Vito C. Peraino and David L. Thompson, Jr. For 2021 and 2020, our Other NEOs were John B. Berding, Michelle A. Gillis, Brian S. Hertzman and Vito C. Peraino.
       
Peer Group Issuers, Footnote
(4)
For the relevant fiscal year, the dollar amounts reported represent the cumulative total shareholder return (TSR) of the S&P 500 Property & Casualty Index (“Peer Group TSR”) for the measurement periods ending on December 31 of each of 2024, 2023, 2022, 2021 and 2020, respectively.
       
Adjustment To PEO Compensation, Footnote
(2)
“Compensation actually paid” to our Co-CEOs and Other NEOs in each of 2024, 2023, 2022, 2021 and 2020 reflects the respective amounts set forth in the “Total” column of the Summary Compensation Table, as adjusted as set forth in the table below (dollars in thousands), in accordance with SEC rules. The dollar amounts reflected in the “Total” column of the Summary Compensation Table and above do not reflect the actual amount of compensation earned by or paid to our Co-CEOs and Other NEOs during the applicable year. For information regarding the decisions made by our management and Compensation Committee in regards to the NEO compensation for each fiscal year, please see the Compensation Discussion & Analysis section of this proxy statement.
Covered Year
2024
2023
2022
2021
2020
 
Carl H.
Lindner III
($)
S. Craig
Lindner
($)
Non-PEO
NEOs
Average ($)
Carl H.
Lindner III
($)
S. Craig
Lindner
($)
Non-PEO
NEOs
Average ($)
Carl H.
Lindner III
($)
S. Craig
Lindner
($)
Non-PEO
NEOs
Average ($)
Carl H.
Lindner III
($)
S. Craig
Lindner
($)
Non-PEO
NEOs
Average ($)
Carl H.
Lindner III
($)
S. Craig
Lindner
($)
Non-PEO
NEOs
Average ($)
Summary Compensation Table “Total”
11,570.1
11,545.8
3,038.7
9,844.1
9,914.6
2,919.1
12,670.4
12,637.9
2,854.1
12,449.6
12,341.7
2,639.6
9,631.2
9,596.2
1,991.4
Less: Stock Award Values Reported in Summary Compensation Table for Covered Year
(1,500.0)
(1,500.0)
(626.3)
(1,500.1)
(1,500.1)
(1,066.4)
(1,500.1)
(1,500.1)
(592.6)
(1,500.1)
(1,500.1)
(538.8)
(1,500.1)
(1,500.1)
(507.6)
Plus: Fair Value of Stock Awards Granted in Covered Year
1,627.0
1,627.0
679.3
1,349.3
1,349.3
1,018.1
1,537.5
1,537.5
607.4
1,853.5
1,853.5
665.8
1,260.8
1,260.8
426.6
Change in Fair Value of Outstanding Unvested Stock and Option Awards from Prior Years
650.3
650.3
292.5
(718.8)
(718.8)
(210.0)
(1.7)
(1.7)
(0.6)
2,126.9
2,126.9
718.0
(975.7)
(975.7)
(324.8)
Change in Fair Value of Stock and Option Awards from Prior Years that Vested in Covered Year
111.4
111.4
29.1
(89.5)
(89.5)
(22.8)
(25.9)
(25.9)
(8.2)
341.1
341.1
110.9
(8.4)
(8.4)
(2.7)
Dividends Paid during Covered Year on Unvested Stock Awards
460.0
460.0
195.9
425.9
425.9
137.4
776.7
776.7
273.0
1,580.7
1,580.7
541.6
229.5
229.5
76.6
Compensation Actually Paid
12,918.7
12,894.4
3,609.2
9,311.1
9,381.5
2,775.4
13,456.9
13,424.4
3,133.1
16,851.7
16,743.8
4,137.0
8,637.2
8,602.3
1,659.5
       
Non-PEO NEO Average Total Compensation Amount $ 3,038,664 $ 2,919,108 $ 2,854,120 $ 2,639,597 $ 1,991,354
Non-PEO NEO Average Compensation Actually Paid Amount $ 3,609,210 2,775,385 3,133,065 4,137,031 1,659,485
Adjustment to Non-PEO NEO Compensation Footnote
(2)
“Compensation actually paid” to our Co-CEOs and Other NEOs in each of 2024, 2023, 2022, 2021 and 2020 reflects the respective amounts set forth in the “Total” column of the Summary Compensation Table, as adjusted as set forth in the table below (dollars in thousands), in accordance with SEC rules. The dollar amounts reflected in the “Total” column of the Summary Compensation Table and above do not reflect the actual amount of compensation earned by or paid to our Co-CEOs and Other NEOs during the applicable year. For information regarding the decisions made by our management and Compensation Committee in regards to the NEO compensation for each fiscal year, please see the Compensation Discussion & Analysis section of this proxy statement.
Covered Year
2024
2023
2022
2021
2020
 
Carl H.
Lindner III
($)
S. Craig
Lindner
($)
Non-PEO
NEOs
Average ($)
Carl H.
Lindner III
($)
S. Craig
Lindner
($)
Non-PEO
NEOs
Average ($)
Carl H.
Lindner III
($)
S. Craig
Lindner
($)
Non-PEO
NEOs
Average ($)
Carl H.
Lindner III
($)
S. Craig
Lindner
($)
Non-PEO
NEOs
Average ($)
Carl H.
Lindner III
($)
S. Craig
Lindner
($)
Non-PEO
NEOs
Average ($)
Summary Compensation Table “Total”
11,570.1
11,545.8
3,038.7
9,844.1
9,914.6
2,919.1
12,670.4
12,637.9
2,854.1
12,449.6
12,341.7
2,639.6
9,631.2
9,596.2
1,991.4
Less: Stock Award Values Reported in Summary Compensation Table for Covered Year
(1,500.0)
(1,500.0)
(626.3)
(1,500.1)
(1,500.1)
(1,066.4)
(1,500.1)
(1,500.1)
(592.6)
(1,500.1)
(1,500.1)
(538.8)
(1,500.1)
(1,500.1)
(507.6)
Plus: Fair Value of Stock Awards Granted in Covered Year
1,627.0
1,627.0
679.3
1,349.3
1,349.3
1,018.1
1,537.5
1,537.5
607.4
1,853.5
1,853.5
665.8
1,260.8
1,260.8
426.6
Change in Fair Value of Outstanding Unvested Stock and Option Awards from Prior Years
650.3
650.3
292.5
(718.8)
(718.8)
(210.0)
(1.7)
(1.7)
(0.6)
2,126.9
2,126.9
718.0
(975.7)
(975.7)
(324.8)
Change in Fair Value of Stock and Option Awards from Prior Years that Vested in Covered Year
111.4
111.4
29.1
(89.5)
(89.5)
(22.8)
(25.9)
(25.9)
(8.2)
341.1
341.1
110.9
(8.4)
(8.4)
(2.7)
Dividends Paid during Covered Year on Unvested Stock Awards
460.0
460.0
195.9
425.9
425.9
137.4
776.7
776.7
273.0
1,580.7
1,580.7
541.6
229.5
229.5
76.6
Compensation Actually Paid
12,918.7
12,894.4
3,609.2
9,311.1
9,381.5
2,775.4
13,456.9
13,424.4
3,133.1
16,851.7
16,743.8
4,137.0
8,637.2
8,602.3
1,659.5
       
Compensation Actually Paid vs. Total Shareholder Return
Relationship Between Compensation Actually Paid to our Co-CEOs and the Average of the Compensation Actually Paid to the Other NEOs and the Company’s Cumulative TSR and Comparison of Company’s Cumulative TSR and Peer Group TSR.
The table below reflects the relationship between the “compensation actually paid” for the Company’s Co-CEOs and the average Other NEOs versus the Company’s TSR and the peer group TSR, assuming an initial fixed investment of $100 for the years ended December 31, 2024, 2023, 2022, 2021 and 2020.
       
Compensation Actually Paid vs. Net Income
Relationship Between Compensation Actually Paid to our Co-CEOs and the Average of the Compensation Actually Paid to the Other NEOs and the Company’s Net Income.
The table below reflects the relationship between the “compensation actually paid” for the Company’s Co-CEOs and the average Other NEOs versus the Company’s Net Income (in thousands) for the year ended December 31, 2024, 2023, 2022, 2021 and 2020. Net income for 2021 includes the sale of the annuity business to Massachusetts Mutual Life Insurance Company for approximately $3.5 billion of after-tax proceeds.
       
Compensation Actually Paid vs. Company Selected Measure
Relationship Between Compensation Actually Paid to our Co-CEOs and the Average of the Compensation Actually Paid to the Other NEOs and the Company’s Core Earnings Per Share.
The table below reflects the relationship between the “compensation actually paid” for the Company’s Co-CEOs and the average Other NEOs versus the Company’s Core EPS for the years ended December 31, 2024, 2023, 2022, 2021 and 2020.
       
Total Shareholder Return Vs Peer Group
Relationship Between Compensation Actually Paid to our Co-CEOs and the Average of the Compensation Actually Paid to the Other NEOs and the Company’s Cumulative TSR and Comparison of Company’s Cumulative TSR and Peer Group TSR.
The table below reflects the relationship between the “compensation actually paid” for the Company’s Co-CEOs and the average Other NEOs versus the Company’s TSR and the peer group TSR, assuming an initial fixed investment of $100 for the years ended December 31, 2024, 2023, 2022, 2021 and 2020.
       
Tabular List, Table
The most important financial performance measures that link “compensation actually paid” to named executive officers in the applicable year to company performance are listed below. For a description of these financial measures, see pages 48-56.
Most Important Performance Measures
Core Earnings per Share
Book Value per Share Growth vs. Industry Companies One Year and Three Year
Core Return on Equity One Year and Three Year
       
Total Shareholder Return Amount $ 207.26 167.51 181.22 163.26 83.81
Peer Group Total Shareholder Return Amount 222.43 164.49 148.53 124.95 106.33
Net Income (Loss) $ 887,000,000 $ 852,000,000 $ 898,000,000 $ 1,995,000,000 $ 732,000,000
Company Selected Measure Amount | $ / shares 10.75 10.56 11.63 11.59 8.44
Measure:: 1          
Pay vs Performance Disclosure          
Name Core Earnings per Share        
Measure:: 2          
Pay vs Performance Disclosure          
Name Book Value per Share Growth vs. Industry Companies One Year and Three Year        
Measure:: 3          
Pay vs Performance Disclosure          
Name Core Return on Equity One Year and Three Year        
Carl H Lindner III [Member]          
Pay vs Performance Disclosure          
PEO Total Compensation Amount $ 11,570,059 $ 9,844,148 $ 12,670,399 $ 12,449,582 $ 9,631,170
PEO Actually Paid Compensation Amount $ 12,918,695 $ 9,311,061 $ 13,456,927 $ 16,851,687 $ 8,637,205
PEO Name Carl H. Lindner III Carl H. Lindner III Carl H. Lindner III Carl H. Lindner III Carl H. Lindner III
S. Craig Lindner [Member]          
Pay vs Performance Disclosure          
PEO Total Compensation Amount $ 11,545,807 $ 9,914,566 $ 12,637,868 $ 12,341,739 $ 9,596,241
PEO Actually Paid Compensation Amount $ 12,894,443 $ 9,381,479 $ 13,424,396 $ 16,743,844 $ 8,602,276
PEO Name S. Craig Lindner S. Craig Lindner S. Craig Lindner S. Craig Lindner S. Craig Lindner
PEO | Carl H Lindner III [Member] | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ (1,500,000) $ (1,500,100) $ (1,500,100) $ (1,500,100) $ (1,500,100)
PEO | Carl H Lindner III [Member] | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 1,627,000 1,349,300 1,537,500 1,853,500 1,260,800
PEO | Carl H Lindner III [Member] | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 650,300 (718,800) (1,700) 2,126,900 (975,700)
PEO | Carl H Lindner III [Member] | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 111,400 (89,500) (25,900) 341,100 (8,400)
PEO | Carl H Lindner III [Member] | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 460,000 425,900 776,700 1,580,700 229,500
PEO | S. Craig Lindner [Member] | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (1,500,000) (1,500,100) (1,500,100) (1,500,100) (1,500,100)
PEO | S. Craig Lindner [Member] | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 1,627,000 1,349,300 1,537,500 1,853,500 1,260,800
PEO | S. Craig Lindner [Member] | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 650,300 (718,800) (1,700) 2,126,900 (975,700)
PEO | S. Craig Lindner [Member] | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 111,400 (89,500) (25,900) 341,100 (8,400)
PEO | S. Craig Lindner [Member] | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 460,000 425,900 776,700 1,580,700 229,500
Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (626,300) (1,066,400) (592,600) (538,800) (507,600)
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 679,300 1,018,100 607,400 665,800 426,600
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 292,500 (210,000) (600) 718,000 (324,800)
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 29,100 (22,800) (8,200) 110,900 (2,700)
Non-PEO NEO | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ 195,900 $ 137,400 $ 273,000 $ 541,600 $ 76,600