William S. Austin is the Chairman, President and Chief Executive Officer of the Company. Mr. Austin joined Federal Life in 1990 and served as President and Chief Operating Officer from 2002 to 2018. Mr. Austin was elected as the President and Chief Executive Officer in 2018 and was elected Chairman of the Board in 2020. Mr. Austin is a graduate of Marquette University and has an M.B.A. degree in finance, investments and banking from the University of Wisconsin-Madison. Mr. Austin is a Chartered Life Underwriter and a member of the Society of Financial Services Professionals.

Wayne R. Ebersberger has been a member of the board of directors of Federal Life since 2015. Mr. Ebersberger is a certified public accountant (retired) and has a bachelor of business administration degree from the University of Notre Dame. Mr. Ebersberger was a partner of Ernst & Young for over 25 years prior to his retirement in 2015. At Ernst & Young Mr. Ebersberger provided accounting and auditing services to numerous insurance companies, including publicly held companies, foreign companies, and large mutual and nonprofit organizations in the insurance industry.

David Foy was formerly the Executive Vice President and Chief Financial Officer of White Mountains Insurance Group, Ltd. Prior to joining White Mountains in 2003, he was a Senior Vice President and Chief Financial Officer at Hartford Life, the nation’s fourth largest life insurance group at the time. Mr. Foy began his career at Milliman & Robertson, an actuarial consulting firm, from 1989 to 1993. Mr. Foy is a Fellow of the Society of Actuaries and received a B.S. in Applied Statistics from the Rochester Institute of Technology.

David Herzog was formerly the Executive Vice President and Chief Financial Officer of American International Group (“AIG”). Mr. Herzog joined American General Corp. in 2000 as Executive Vice President and Chief Financial Officer of the life division. Following AIG’s acquisition of American General in 2001, he was also named Chief Operating Officer and Chief Financial Officer for the combined domestic life insurance companies. After that, he held various executive positions including Vice President, Life Insurance; Vice President and Chief Financial Officer, Globe Life Insurance; and Comptroller. Prior to joining AIG in 2000, Mr. Herzog was the Chief Financial Officer of GenAmerica Corp. Mr. Herzog received an M.B.A. in Financial & Economics from the University of Chicago and a B.S.B.A. in Accounting from the University of Missouri-Columbia.

Matthew T. Popoli is a Founder and Managing Partner of Insurance Capital Group, with 20 years of insurance industry experience with a specialized focused on sponsored demutualizations and similar complex conversion transactions. Prior to founding Insurance Capital Group, Mr. Popoli was a partner and Senior Managing Director at Reservoir Capital Group, which he joined in 2005, and led its financial services investing activities until when he left Reservoir in May 2018 to join ICG. Previously, Mr. Popoli was a Principal at Capital Z Partners and began his career as an investment banker in the insurance group at Morgan Stanley & Co. Mr. Popoli is a graduate of Amherst College, where he received a B.A. in Economics.

Scott Roberts was formerly the President & CEO of Ziegler Capital Management. Prior to joining Ziegler in 2009, he was President and Chief Investment Officer of Deerfield Capital Management. Mr. Roberts served as Chairman of the Investment Committee of Deerfield Triarc Capital Corp, an externally managed Mortgage Securities REIT, from the company's initial private offering in 2004 through 2006. Prior to joining Deerfield Capital, Mr. Roberts was the Chief Investment Officer at several Zurich Insurance Company subsidiaries including Scudder Kemper Investments, Zurich Investment Management and CentreRe. Prior to Zurich, Mr. Roberts was the Director of Fixed Income for Loomis Sayles in Milwaukee and a Senior Vice President and Portfolio Manager for Putnam Investments in Boston. Mr. Roberts received an M.B.A. in Finance and Investments from the Applied Security Analysis Program at the University of Wisconsin at Madison, and a B.S. in Accounting and Finance from Marquette University.

Jack Sun is the Vice President of Insurance Capital Group ("ICG"). Previously, he was a Vice President at Reservoir Capital Group where he was a member of the investment team. Prior to Reservoir, Mr. Sun was an investment professional at Centerbridge Partners where he focused on the firm's distressed credit and private equity opportunities. He began his career at Lazard in the Restructuring Group. Mr. Sun received an A.B. in Economics with a secondary in Statistics from Harvard College.