Julie Parsons
SELECTIVE INSURANCE GROUPAbout Julie Parsons
Julie Parsons is an independent director at Selective Insurance Group, appointed effective November 3, 2025, with committee assignments to the Risk Committee and the Compensation and Human Capital Committee; her current term runs until the 2026 Annual Meeting or until a successor is elected and qualified . She is a retired Fortune 100 insurance executive and actuary with 30+ years at Allstate, most recently EVP and COO, Property-Liability; she holds a BS in Actuarial Science from Purdue University . At appointment, she was deemed independent and the Board composition became 12 directors, 11 independent .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Allstate Corporation | EVP & Chief Operating Officer, Property-Liability | Dec 2019 – Apr 2024 | Led personal auto and homeowners operations; business insurance and brokerage; digital transformation |
| Allstate Corporation | EVP, Product | May 2017 – Dec 2019 | Product operations leadership (pricing/portfolio) |
| Allstate Corporation | Senior VP, Vehicle Product Management | Oct 2014 – May 2017 | Product management for auto lines |
| Allstate Corporation | Senior VP, Eastern Territory Product | Oct 2010 – Sep 2014 | Regional product leadership |
| Allstate Corporation | Senior VP, Emerging Businesses | Oct 2008 – Oct 2010 | New business initiatives |
| Allstate Corporation | Product Vice President | Jun 2007 – Oct 2008 | Product leadership |
| Allstate Corporation | Vice President, Chief Actuary | Oct 2005 – Jun 2007 | First VP, Chief Actuary role at Allstate |
| Allstate Corporation | Progressive Leadership Positions (Actuarial/Analytics) | Jul 1993 – Oct 2005 | Actuarial analyst rising through product roles |
External Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| The Posse Foundation | National Board of Directors; Finance Committee; Chicago Advisory Board (Chair, 2022) | 2014 – Present | Non-profit governance and DEI-focused leadership |
| Reading Power, Inc. | Volunteer Reading Tutor | Jan 2025 – Present | Education volunteer service |
| Ravinia Festival | Member, Board of Trustees | 2022 – 2024 | DEI Committee member |
| Barrington Area Council on Aging | Board Member; President/Vice President/Secretary | 2007 – 2015 | Local non-profit governance |
Board Governance
- Independence: Appointed as a non-employee director; Board remained majority independent (11 of 12 independent at appointment) .
- Committee assignments: Risk Committee; Compensation and Human Capital Committee (CHCC). No chair roles disclosed .
- Term and service: Term through 2026 Annual Meeting or until successor elected .
- Related-party/arrangements: No arrangements or understandings for appointment; no family relationships; no Item 404(a) related-party transactions disclosed with her appointment .
- Stockholder sentiment context: 2024 say-on-pay support exceeded 99% of votes cast, signaling strong compensation governance support .
Fixed Compensation
| Element | Program Terms (Non-Employee Directors) | Julie Parsons FY2025 Actual |
|---|---|---|
| Annual Cash Retainer | $100,000 | Prorated from Nov 3, 2025 to Dec 31, 2025 |
| Annual Equity Award (RSUs) | $110,000 grant-date fair value; RSUs under 2024 Omnibus Stock Plan | Not awarded for FY2025 due to appointment after 2025 Annual Meeting |
| Committee Member Retainer Fees | $0 for first two standing committees; $8,000 if serving on a third | $0 (serves on two committees) |
| Committee Chair Fees | Audit $35,000; CHCC $25,000; Corporate Governance & Nominating $25,000; Finance & Investments $35,000; Risk $25,000 | None (no chair role) |
| Lead Independent Director Fee | $40,000 | Not applicable |
| Retainer Stock Election | Up to 100% of retainer payable in stock (election prior year-end) | Not disclosed for FY2025 |
Performance Compensation
| Component | Structure | Metrics | Vesting Details |
|---|---|---|---|
| Annual Equity Grant (Directors) | RSUs; grant-date FV $110,000 in 2024 | None disclosed for directors (time-based RSUs, not performance-based) | Unvested RSU counts for other directors disclosed; no options outstanding as of Dec 31, 2024 |
| Options | None outstanding for directors as of Dec 31, 2024 | N/A | N/A |
Note: Ms. Parsons did not receive an annual equity award for 2025 due to timing of appointment post-Annual Meeting .
Other Directorships & Interlocks
- Public company boards: None disclosed in SIGI’s 8-K/press at appointment .
- Potential interlocks/conflicts: None disclosed; Company reported no Item 404(a) transactions related to her appointment .
Expertise & Qualifications
- 30+ years in P&C insurance across product development, actuarial leadership, and large-scale operations; former EVP & COO (Property-Liability) at Allstate .
- Actuarial credentials with BS in Actuarial Science (Purdue) .
- Strategic execution in digital transformation and customer service; experience managing large global teams and complex product portfolios .
Equity Ownership
| As of | Title of Security | Amount Beneficially Owned | Ownership Form | Notes |
|---|---|---|---|---|
| Nov 7, 2025 (Form 3) | Common Stock | 0 | — | Initial statement shows “No securities are beneficially owned.” |
| Program Guidelines | N/A | N/A | N/A | Directors must own 5x annual retainer within 5 years; all directors have met or are on track |
Insider Filings
| Filing Type | Filing Date | Event Date | Summary |
|---|---|---|---|
| Form 3 (Initial Statement of Beneficial Ownership) | Nov 7, 2025 | Nov 3, 2025 | Filed as new director; reports 0 shares beneficially owned |
| 8-K (Item 5.02) | Nov 3, 2025 | Oct 29/Nov 3, 2025 | Board size increased; Ms. Parsons appointed; committees assigned; compensation terms (prorated cash; no 2025 equity award) |
Governance Assessment
- Alignment and incentives: Near-term alignment gap due to no 2025 equity grant; mitigated by director stock ownership guidelines (5x retainer within five years) and expected participation in future annual RSU grants .
- Independence and conflicts: Strong independence profile—non-employee director, no arrangements, no family ties, and no related-party transactions identified at appointment .
- Board effectiveness: Skill-add in product, actuarial rigor, and operations complements Risk and CHCC oversight mandates; appointment increases independent oversight breadth (11/12 independent) .
- Shareholder sentiment context: Robust say-on-pay support (99% in 2024) underpins compensation oversight credibility, although director-specific attendance/performance data for Ms. Parsons will emerge post-2025 .
RED FLAGS
- Temporary equity alignment gap: No annual equity grant for 2025 due to timing—watch for 2026 grant and stock accumulation to meet ownership guidelines .
- No other red flags noted: No pledging/hedging disclosures, no related-party transactions, and no legal proceedings indicated at appointment .
References
- Appointment and committees: 8-K Item 5.02 and press release .
- Director compensation program, fees, RSUs, and ownership guidelines: 2025 DEF 14A .
- Initial beneficial ownership: Form 3 .
- Background and roles at Allstate; education: Company press release; LinkedIn profile .