# EDGAR Filing Document

**Accession Number:** 0001463913
**File Stem:** 0001437749-26-012925
**Filing Date:** 2026-4
**Character Count:** 58269
**Document Hash:** 37f48f68b68e3de26b6dbb8a25d91e39
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001437749-26-012925.hdr.sgml**: 20260421

**ACCESSION NUMBER**: 0001437749-26-012925

**CONFORMED SUBMISSION TYPE**: DEF 14A

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260601

**FILED AS OF DATE**: 20260421

**DATE AS OF CHANGE**: 20260421

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** US Alliance Corp
- **CENTRAL INDEX KEY:** 0001463913
- **STANDARD INDUSTRIAL CLASSIFICATION:** LIFE INSURANCE [6311]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 264824142
- **STATE OF INCORPORATION:** KS
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** DEF 14A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 000-55627
- **FILM NUMBER:** 26878972

**BUSINESS ADDRESS:**
- **STREET 1:** 4123 SW GAGE CENTER DRIVE
- **STREET 2:** SUITE 240
- **CITY:** TOPEKA
- **STATE:** KS
- **ZIP:** 66604
- **BUSINESS PHONE:** 816-460-5807

**MAIL ADDRESS:**
- **STREET 1:** 4123 SW GAGE CENTER DRIVE
- **STREET 2:** SUITE 240
- **CITY:** TOPEKA
- **STATE:** KS
- **ZIP:** 66604

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** U. S. Alliance Corp
- **DATE OF NAME CHANGE:** 20090512

[**Table of Contents**](#toc)

**SCHEDULE 14A**

**(RULE 14a-101)**

**INFORMATION REQUIRED IN PROXY STATEMENT**

**SCHEDULE 14A INFORMATION**

**Proxy Statement Pursuant to Section 14(a) of the**

**Securities Exchange Act of 1934**

Filed by the Registrant ☒

Filed by a Party other than the Registrant ☐

Check the appropriate box:

☐ Preliminary Proxy Statement 

☐ Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) 

☒ Definitive Proxy Statement 

☐ Definitive Additional Materials 

☐ Soliciting Material Pursuant to §240.14a-12

**US Alliance Corporation**

(Name of Registrant as Specified In Its Charter)

(Name of Person(s) Filing Proxy Statement, if other than the Registrant)

Payment of Filing Fee (Check all boxes that apply):

☒ No fee required.

☐ Fee paid previously with preliminary materials

☐ Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11

------

[**Table of Contents**](#toc)

**US Alliance Corporation**

**1303 SW First American Pl, Suite 200**

**Topeka, KS 66604**

**NOTICE OF ANNUAL MEETING OF STOCKHOLDERS TO BE HELD JUNE 1, 2026**

TO THE STOCKHOLDERS OF

US Alliance Corporation

Notice is hereby given that the Annual Meeting of Stockholders (the "Annual Meeting") of US Alliance Corporation, a Kansas corporation ("US Alliance" or the "Company"), **will be held at 1303 SW First American Pl., Suite 200, Topeka, KS 66604** on Monday, June 1, 2026, at 9:00 a.m. (Central Daylight Savings Time), for the following purposes:

(1) To elect five directors to hold office for a term of one year each or until their successors are duly elected and qualified;

(2) To ratify the selection of Crowe LLP, as US Alliance's independent registered public accounting firm for the year ending December 31, 2026; and

(3) To transact such other business as may properly come before the meeting or any adjournment or postponement thereof.

The Board of Directors has fixed the close of business on April 5, 2026, as the record date for determining the stockholders entitled to receive notice of and to vote at the Annual Meeting and any adjournment thereof.

**Your vote is important. Whether or not you plan to attend the Annual Meeting, we hope that you will vote as soon as possible. Please review the instructions concerning each of your voting options described in the Proxy Statement. Your cooperation will assure that your shares are voted and will also greatly assist us in preparing for the Annual Meeting. The proxy is being solicited by and on behalf of the Board of Directors of US Alliance.** 

**You may vote by completing, signing, and returning the proxy:**

**1)** **In the enclosed pre-addressed, postage-paid envelope;**

**2)** **By fax at (785) 228-0202; or** 

**3)** **By email to** <u>**jack.brier@usalliancecorporation.com**</u>**.** 

**If you return a properly executed proxy card, you are appointing the proxy holder(s), as designated by the Company, to vote your shares. Voting by written proxy will ensure your representation at the Annual Meeting, if you do not attend in person.** 

**Please review our Proxy Statement dated April 1, 2026, and our Annual Report to Stockholders, which accompany this notice. This Proxy Statement and our Annual Report to Stockholders are also available without charge on our website at www.usalliancecorporation.com.**

By Order of the Board of Directors

Topeka, Kansas

April 5, 2026

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[**Table of Contents**](#toc)

**TABLE OF CONTENTS**

---

| | |
|:---|:---|
| [PROCEDURAL MATTERS](#procedmatters) | [1](#procedmatters) |
| [Record Date and Outstanding Shares](#record) | [1](#record) |
| [Voting and Solicitation](#voting) | [1](#voting) |
| [Revocability of Proxies](#revoc) | [1](#revoc) |
| [PROPOSALS TO BE VOTED ON](#propsvotedon) | [2](#propsvotedon) |
| [ELECTION OF DIRECTORS](#propone) | [2](#propone) |
| [Corporate Governance](#corpgov) | [2](#corpgov) |
| [Vote Required](#votereq) | [2](#votereq) |
| [Nominees for Election at the Annual Meeting](#nominees) | [2](#nominees) |
| [Board Meetings and Committees](#boardmeet) | [4](#boardmeet) |
| [Code of Business Conduct and Ethics](#codeofbus) | [4](#codeofbus) |
| [Certain Relationships and Related Party Transactions](#certainrelation) | [4](#certainrelation) |
| [Communication with the Board of Directors](#communic) | [4](#communic) |
| [Executive Committee](#execcomm) | [5](#execcomm) |
| [Audit Committee](#auditcomm) | [5](#auditcomm) |
| [Compensation Committee](#compcomm) | [5](#compcomm) |
| [Nominating Committee](#nomcomm) | [5](#nomcomm) |
| [Investment Committee](#investcomm) | [6](#investcomm) |
| [Director Compensation](#directcomp) | [6](#directcomp) |
| [RATIFICATION OF APPOINTMENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM](#proptwo) | [7](#proptwo) |
| [Principal Accountant Fees and Services](#princaccount) | [7](#princaccount) |
| [Pre-Approval of Audit and Non-Audit Services](#preapprov) | [7](#preapprov) |
| [REPORT OF THE AUDIT COMMITTEE OF THE BOARD OF DIRECTORS](#reportoftheaud) | [7](#reportoftheaud) |
| [BOARD LEADERSHIP STRUCTURE AND ROLE IN RISK OVERSIGHT](#boardlead) | [8](#boardlead) |
| [SECURITY OWNERSHIP](#securown) | [9](#securown) |
| [MANAGEMENT COMPENSATION](#managecomp) | [9](#managecomp) |
| [Summary Compensation Table](#summcomp) | [9](#summcomp) |
| [Pay vs. Performance](#pvp) | [10](#pvp) |
| [Employment Agreements](#emplagree) | [10](#emplagree) |
| [SECTION 16(a) BENEFICIAL OWNERSHIP REPORTING COMPLIANCE](#sec16) | [11](#sec16) |
| [REPORT OF THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS](#reportofcomp) | [11](#reportofcomp) |
| [ANNUAL REPORT](#annualreport) | [12](#annualreport) |
| [OTHER MATTERS](#othermatt) | [12](#othermatt) |
| [OTHER INFORMATION](#otherinfo) | [12](#otherinfo) |
| [INFORMATION INCORPORATED BY REFERENCE](#infoincorp) | [12](#infoincorp) |

---

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[**Table of Contents**](#toc)

**US ALLIANCE CORPORATION** 

**1303 SW FIRST AMERICAN PL, SUITE 200**

**TOPEKA, KS 66604**

**PROXY STATEMENT**

**ANNUAL MEETING OF STOCKHOLDERS**

The following information is furnished in connection with a solicitation of proxies by and on behalf of the Board of Directors of US Alliance Corporation ("US Alliance" or the "Company"). The proxies we receive will be voted at the Annual Meeting of Stockholders (the "Annual Meeting") of the Company to be held at 1303 SW First American Pl, Suite 200, Topeka, KS 66604 on Monday, June 1, 2026, at 9:00 a.m. (Central Daylight Savings Time), and at any adjournment thereof, for the purposes set forth in the Notice of Annual Meeting. This Proxy Statement and the accompanying proxy are first being mailed to our stockholders on or about May 1, 2026.

**PROCEDURAL MATTERS**

**Record Date and Outstanding Shares**

Stockholders of record at the close of business on April 5, 2026 (the "Record Date") are entitled to receive notice of and to vote at the Annual Meeting. On the Record Date, 7,788,922 shares of the Company's common stock, $0.10 par value, were issued and outstanding. An additional 160,000 shares of restricted stock have been granted to certain of the Company's Directors, none of which have vested, but are entitled to one vote per share.

**Voting and Solicitation**

Each stockholder of record on the Record Date is entitled, for each share held, to one vote on each proposal that comes before the Annual Meeting. In the election of directors, each stockholder is entitled to vote for five nominees.

You may vote by completing, signing and returning the proxy in the enclosed pre-addressed, postage paid envelope. Your completed and signed proxy may also be returned to the Company by fax at (785) 228-0202 or email to jack.brier@usalliancecorporation.com. If you return a properly executed proxy card, you are appointing the proxy holder(s), as designated by the Company, to vote your shares. Voting by written proxy will ensure your representation at the Annual Meeting, if you do not attend in person.

The cost of this solicitation of proxies will be borne by the Company.

Any proxy representing shares of common stock entitled to be voted at the Annual Meeting that specifies how it is to be voted will be voted accordingly if properly executed and received by the Company before voting begins at the Annual Meeting, or any adjournment(s) thereof. Shares as to which authority to vote has been withheld with respect to the election of any nominee for director will not be counted as a vote for such nominee and any abstention will not be counted as a vote for a proposal. Any properly executed proxy will be voted in accordance with instructions specified but in the absence of any instructions will be voted "FOR" each proposal and nominee at the Annual Meeting and any adjournment(s) thereof.

**Revocability of Proxies**

Proxies returned may be revoked at any time before the Annual Meeting. You may change or revoke your proxy by delivering a written notice of revocation to the Secretary of US Alliance Corporation or by completing a new proxy card bearing a later date (which automatically revokes the earlier proxy instructions). Attendance at the Annual Meeting will not cause your previously granted proxy to be revoked unless you so request by notifying the inspector of elections of your intention to revoke your proxy and voting in person at the Annual Meeting.

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[**Table of Contents**](#toc)

**PROPOSALS TO BE VOTED ON:**

(1) To elect five directors to hold office for a term of one year each or until their successors are duly elected and qualified. Your Board of Directors recommends a <u>yes</u> vote for each nominee.

(2) To ratify the selection of Crowe LLP, as US Alliance's independent registered public accounting firm for the year ending December 31, 2026. Your Board of Directors recommends a <u>yes</u> vote.

(3) To transact such other business as may properly come before the meeting or any adjournment or postponement thereof.

**PROPOSAL ONE:** 

**ELECTION OF DIRECTORS**

**Corporate Governance**

The term of each member of the Board of Directors (each a "Director" and collectively, the "Directors") is annual. The Directors are elected at the annual meeting of stockholders held on the first Monday in June each year and serve in this capacity until the next annual meeting of stockholders, or until their successors are duly elected and qualified, or until a Director's earlier resignation or removal. The President serves at the direction of the Board of Directors and was last elected June 2, 2025.

The Board of Directors determined that four of the five Directors nominated for 2026 are "independent" as defined by NASDAQ listing standards and Rule 10A-3 of the Securities and Exchange Act of 1934 (the "Exchange Act"). The non-independent Director is Jack H. Brier.

**Vote Required**

The proxy holders will vote the proxies received by them for US Alliance's five nominees named below, to hold office for a term of one year each or until their successors are duly elected and qualified unless otherwise instructed. If any nominee of US Alliance Corporation is unable or declines to serve as a Director at the time of the Annual Meeting, the proxies will be voted for a nominee who is chosen by the present Board of Directors to fill the vacancy. All nominees have indicated their intention to serve.

Currently, Directors are elected by a "majority vote" of the Company's outstanding shares, with each stockholder entitled to one vote per share for each Director nominee. Each nominee for Director in an uncontested election is required to receive the affirmative vote of a majority of the votes cast in such nominee's election in order to be elected to the Board.

**THE BOARD OF DIRECTORS RECOMMENDS A** "**YES**" **VOTE FOR THE NOMINEES LISTED BELOW.**

**Nominees for Election at the Annual Meeting**

The Nominating Committee, consisting of four independent Directors and one non-independent Director as determined under NASDAQ listing standards, recommended the five individuals set forth below for nomination by our full Board of Directors. All five of the current Directors were nominated for re-election. Based on the Nominating Committee recommendation, our Board of Directors has nominated the five Directors for election at the Annual Meeting.

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[**Table of Contents**](#toc)

The following table provides information concerning the nominees for election as Directors at the Annual Meeting, including information as to each nominee's age as of the Record Date and position with the Company.

---

| | | | |
|:---|:---|:---|:---|
| Name of Nominee | Age | Position/Principal Occupation | Director<br> Since |
| Jack H. Brier (3) (4) (5) (6) | 79 | Director; Chairman, President and Chief Executive Officer of US Alliance, USALSC, USAIC, USAMC; Chairman and Chief Executive<br> Officer of USALSC - Montana | 2009 |
| John R. Helms (1) (2) (3) (4) (5) | 70 | Director, Retired | 2021 |
| William P. Graves (1) (2) (3) (5) | 73 | Director; Retired | 2014 |
| James A. Poolman (1) (2) (3) | 56 | Director; President, Jim Poolman Consulting Inc. | 2019 |
| JuliAnn Mazachek (1) (2) (3) (4) | 63 | Director; President, Washburn University | 2024 |

---

&nbsp;&nbsp;&nbsp;&nbsp;(1) Member Audit Committee

&nbsp;&nbsp;&nbsp;&nbsp;(2) Member Compensation Committee

&nbsp;&nbsp;&nbsp;&nbsp;(3) Member Nominating Committee

&nbsp;&nbsp;&nbsp;&nbsp;(4) Member Investment Committee

&nbsp;&nbsp;&nbsp;&nbsp;(5) Member Executive Committee

&nbsp;&nbsp;&nbsp;&nbsp;(6) Ex Officio Member Audit Committee

The Directors are elected at the annual meeting of stockholders held on the first Monday in June each year and serve in this capacity until the next annual meeting of stockholders, or until their successors are duly elected and qualified. The President serves at the direction of the Board of Directors and was last elected June 2, 2025.

The following is a brief description of the previous business background of the Directors and Director nominees.

***Jack H. Brier*** currently serves as the Chairman of the Board of Directors, President, and Chief Executive Officer of the Company and has served in those positions since 2009. He has served as Chairman of the Board of Directors, President, and Chief Executive Officer of US Alliance Life and Security Company since 2011, and US Alliance Investment Corporation and US Alliance Marketing Corporation since 2012. Mr. Brier served as Chairman of the Board of Directors of Dakota Capital Life Insurance Company from August 2017 until December 31, 2023. He has also been Chairman of the Board of Directors of US Alliance Life and Security Company – Montana ("USALSC – Montana") since December 2018. Mr. Brier is the Chairman of Brier Development Co. Inc. He served Kansas as Secretary of State from 1978 through 1987, and as President of Kansas Development Finance Authority from 2000 to 2003. Mr. Brier attended Shawnee Mission public schools. He has a degree in Business Administration from Washburn University and has done graduate study in public administration at the University of Kansas. Mr. Brier brings to the Board his extensive experience as a founder, the Chief Executive Officer and Chairman of the Board of the Company. He has in-depth knowledge of the Company's business, strategy and management team. Mr. Brier also has extensive community relations experience with his involvement in civic, business, and philanthropic organizations in the Topeka area.

***William P. Graves*** serves as a Director and has served in that position since 2014. He has served as a Director of US Alliance Life and Security Company, US Alliance Investment Corporation, and US Alliance Marketing Corporation since 2014. Mr. Graves has also served as a Director of US Alliance Life and Security Company – Montana since December 2018. He served as President and CEO of the American Trucking Associations from 2003 through 2016. Mr. Graves currently serves on the board of OpenForce, a Phoenix, Arizona transportation technology firm. Mr. Graves served on the board of the International Speedway Corp from 2003 until November 2019. He had served on the audit, compensation, nominating and corporate governance committees. He was a member of the special committee which represented stockholders during merger negotiations which resulted in its sale to NASCAR. In January 2003, Mr. Graves completed his second term as governor of Kansas, capping 22 years of service to the state. Mr. Graves earned a degree in Business Administration from Kansas Wesleyan University in his hometown of Salina and attended graduate school at the University of Kansas. Mr. Graves brings us business, strategic, and operational expertise through his years of public sector leadership and private sector experience.

***James A. Poolman*** serves as a Director of the Company and has served in that position since June 2019. He also served as Vice Chairman of the Board of Dakota Capital Life Insurance Company from 2018 to December 31, 2023. Mr. Poolman has also served as a Director of Dakota Capital Life Insurance Company since inception of DCLIC and Chairman of the Board of Directors from March 31, 2013 to August 2017. Mr. Poolman also serves on other corporate boards in the financial services sector. He was elected North Dakota Insurance Commissioner in 2000 and reelected in 2004. While Insurance Commissioner, Mr. Poolman held the post of Vice President for the National Association of Insurance Commissioners from December 2003 to September 2004. In August 2007, Mr. Poolman resigned his post in North Dakota to start an independent insurance consulting practice based in Bismarck, North Dakota. Mr. Poolman received his Bachelor of Business Administration degree from the University of North Dakota in 1992. He also served four terms in the North Dakota House or Representatives before being elected Insurance Commissioner. Mr. Poolman resides in Fargo. Mr. Poolman's service as Insurance Commissioner in North Dakota and the consulting he has provided to insurance companies and insurance agencies throughout the country are benefits he brings to the Board.

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[**Table of Contents**](#toc)

***John R. Helms*** serves as a Director and has served in that position since 2021. He also serves as a Director for US Alliance Life and Security Company and US Alliance Life and Security Company – Montana. He earned his B.S degree in Business Administration from Kansas State University. He was a practicing CPA for 46 years until 2023. He still maintains his Kansas CPA license. During his career he was previously one of the owners of Wendling Noe Nelson & Johnson LLC for 32 years, specializing in reimbursement, audit, as well as consulting services for hospitals in several states. He also served as supervisor and later the manager of the financial statement audits of Security Benefit Life, Missouri Farm Bureau, and American Home Life Insurance Company for several years. Mr. Helms was a member of the Kansas Board of Accountancy for twelve years, beginning in 2012 and served four terms as the vice-chair in addition to three years as chair of the board. He was a member of the Enforcement Resources Committee of the National Association of State Boards of Accountancy from 2018 through 2025, and was elected to its nominating committee during 2022 for a two-year term. John has previously served on the board of the directors for the Kansas Chapter of the Healthcare Financial Management Association for six years. He served as a member of the Chapter's program committee for more than ten years. Previously, he was a member of the board of directors for Cair Paravel Latin School for nine years and rejoined the board in 2021 as its treasurer. He has been serving as a member of the board of directors and the finance committee of Midland Care Connection, Inc. since May 2022.

***JuliAnn Mazachek*** *serves* as a Director and has served in that position since December, 2024. Dr. Mazachek is the 15th president of Washburn University. Before returning to Washburn, she served briefly as president of Midwestern State University in Texas. She also served as vice president for academic affairs and chief academic officer at Washburn from 2016 until 2022. Before her role as VPAA, she was president and CEO of the Washburn University Alumni Association and Foundation for 15 years. Earlier in her career, she served as a tenured faculty member in accounting and as dean of the Washburn University School of Business. Dr. Mazachek earned a bachelor's degree in engineering management with an emphasis in mechanical engineering from Missouri University of Science and Technology. She received a master's degree in business administration and a doctorate in accounting from the University of Kansas. Dr. Mazachek is a dedicated community volunteer and serves on numerous boards of directors including CoreFirst Bank and Trust and the Greater Topeka Partnership.

There are no family relationships between directors or officers.

**Board Meetings and Committees**

The Board of Directors of US Alliance held 5 meetings during 2025. The Board of Directors has a standing Executive Committee, Audit Committee, Compensation Committee, Nominating Committee, and Investment Committee.

Directors Brier, Helms, Poolman, Mazachek, and Graves attended all five Board of Directors meetings held during 2025, either in person or by phone.

**Code of Business Conduct and Ethics**

The Company has a Code of Business Conduct and Ethics ("Code") applicable to all Directors and team members to help ensure that our business is conducted in accordance with high ethical standards. The Code is published on our website at www.usalliancecorporation.com under "Important Information."

**Certain Relationships and Related Party Transactions**

There were no transactions in 2025 between the Company and any "related person", as that term is defined in Item 404 of Regulation S-K under the Exchange Act. The Company's policies and procedures with respect to the review and approval of any transactions with related persons are set forth in the Code.

**Communication with the Board of Directors**

Stockholders and other interested parties can communicate with the Board of Directors by writing to US Alliance Corporation, Board of Directors, Attention: Corporate Secretary, 1303 SW First American Pl, Suite 200, Topeka, KS 66604. Inquiries relating to the Company's accounting, internal accounting controls, or auditing matters will be referred to the Chairman of the Audit Committee. Other concerns will be referred to the Chairman of the Board of Directors. Any stockholder-related concern will be received and may be acknowledged by the Company's Board of Directors.

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[**Table of Contents**](#toc)

**Executive Committee**

The Executive Committee of the Board of Directors is currently composed of three Directors: Jack H. Brier (chairman), John Helms, and William Graves. John Helms and William Graves are each deemed to be independent Directors as defined by the NASDAQ listing standards.

The Executive Committee did not meet during 2025.

**Audit Committee**

The Audit Committee of the Board of Directors is currently composed of four Directors: John Helms (chairman), William Graves, James Poolman, and JuliAnn Mazachek, each of whom is deemed to be an independent Director as defined by the NASDAQ listing standards. The Board of Directors has also determined that Mr. Helms qualifies as an "audit committee financial expert," as defined in Item 407 of Regulation S-K. Jack H. Brier is an ex officio member of the Audit Committee. There is no written charter for the Audit Committee.

The Audit Committee met twice in 2025. The Audit Committee was established by the Board of Directors in accordance with Section 3(a)(58)(A) of the Exchange Act to oversee the Company's financial reporting process, the system of internal financial controls, and audits of its financial statements. The Audit Committee (1) provides oversight of the Company's accounting and financial reporting processes and the audit of the Company's financial statements, (2) assists the Board of Directors in oversight of the integrity of the Company's financial statements, the Company's compliance with legal and regulatory requirements, the independent public accounting firm's qualifications, independence and performance, and the Company's internal accounting and financial controls, and (3) provides to the Board of Directors such information and materials as it may deem necessary to make the Board of Directors aware of significant financial matters that require the attention of the Board of Directors.

**Compensation Committee**

The Compensation Committee currently consists of four Directors: William Graves (chairman), John Helms, James Poolman, and JuliAnn Mazachek, each of whom is deemed an independent Director as defined by the NASDAQ listing standards. The Compensation Committee is authorized to review and recommend to the Board of Directors the compensation and benefits to be paid to the Chief Executive Officer of the Company. The Compensation Committee may perform other duties as may be determined from time to time by the Board of Directors. The Compensation Committee does not have a written charter. The Compensation Committee meets annually or on call of the chairman to evaluate the performance of the President and Chief Executive Officer of the Company, Jack H. Brier, and recommend to the Board of Directors the amount of compensation to be paid to Mr. Brier for his service to the Company. The authority of the Compensation Committee may not be delegated, and the Chief Executive Officer has no authority in the Compensation Committee's determination of the compensation or benefits it will recommend to the Board. The Compensation Committee does not retain or rely on a compensation consultant in determining its recommendation.

**Nominating Committee**

The Nominating Committee currently consists of all five current Directors: Jack H. Brier (chairman), William Graves, James Poolman, John Helms, and JuliAnn Mazachek. All members of the Nominating Committee other than Jack H. Brier are deemed to be independent Directors as defined by the NASDAQ listing standards. The Nominating Committee meets on call and submits recommendations to the Board of Directors for members of the Board to be submitted to the stockholders for election. The Nominating Committee considers individuals recommended by Company stockholders. Such recommendations should be submitted for the Annual Meeting so that they are received by US Alliance no later than December 31, 2026. In considering nominees, the Nominating Committee should address the performance and contribution of incumbent Directors, as well as the qualifications of new nominees. The Nominating Committee does not have a written charter. The Nominating Committee considers strong financial experience, extensive community relationships, good and prudent judgement, as well as other characteristics including but not limited to education or experience which constitute a value-added proposition to our existing Board of Directors, to be necessary qualifications for Board members.

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[**Table of Contents**](#toc)

**Investment Committee**

The Investment Committee currently is composed of three Directors: Jack H. Brier (chairman), John Helms, and JuliAnn Mazacheck. John Helms and JuliAnn Mazacheck are deemed to be an independent Director as the term is defined by the NASDAQ listing standards. The Investment Committee meetings took place during and as part of regularly scheduled Board meetings during 2025. The Investment Committee reviews the investment policy of the Company and makes recommendations to the Board of Directors. Each member of the Investment Committee and each member of the Board of Directors receives monthly reports on all investments.

**Director Compensation**

Directors receive $500 for each US Alliance Board of Directors meeting and each Board of Directors meeting of US Alliance Life and Security Company – Montana ("USALSC-Montana") attended in person, and receive $1,000 for each Board of Directors meeting of US Alliance Life and Security Company ("USALSC") attended in person, and $250 for each meeting in which they participate telephonically. Jack H. Brier, William Graves, and John Helms receive $400 per month for their service on the Executive Committee. All directors receive a quarterly payment of $1,250. In December 2024, all independent directors were awarded 50,000 shares of common stock vesting over a five-year period.

The Director Compensation Table for 2025 is set forth below.

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| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  |  |  |  | Nonqualified |  |  |
|  |  |  |  | Non-Equity | Deferred |  |  |
|  | Fees Earned | Stock | Option | Incentive Plan | Compensation | All Other |  |
|  | or Paid in | Awards<br> <sup>(1)</sup> | Awards | Compensation | Earnings | Compensation | Total |
| Name | Cash ($) | ($) | ($) | ($) | ($) | ($) | ($) |
| Jack H. Brier | 18300 |  |  |  |  |  | 18300 |
| William Graves | 16800 | 10000 |  |  |  |  | 26800 |
| James Poolman | 12000 | 10000 |  |  |  |  | 22000 |
| John Helms | 17800 | 10000 |  |  |  |  | 27300 |
| JuliAnn Mazachek | 13000 | 10000 |  |  |  |  | 23000 |

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&nbsp;&nbsp;&nbsp;&nbsp;(1) The "Stock Awards" column shows the weighted-average grant date fair value of stock awards computed in accordance with FASB ASC Topic 718 ($1.00) multiplied by the amount of shares vested in 2025. On December 11, 2024, each of the Directors other than Mr. Brier were granted 50,000 shares of restricted stock ("Restricted Shares") vesting over a five-year period, with 20% of such Restricted Shares vesting on each December 31, 2025, 2026, 2027, 2028, and 2029. Any unvested Restricted Shares are subject to forfeiture in the event of termination of the Director's service before such Restricted Shares have vested, except in cases of death, disability, or a Change in Control of the Company (as that term is defined in each Director's Restricted Stock Agreement), and all Restricted Shares immediately vest upon a Change of Control of the Company.

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**PROPOSAL TWO:**

**RATIFICATION OF APPOINTMENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM**

The Audit Committee has appointed, and the Board of Directors has affirmed Crowe LLP ("Crowe") as the independent registered public accounting firm of the Company for the year ending December 31, 2026. Crowe also served as the Company's auditor for the year ended December 31, 2025.

Although ratification of the Company's independent accounting firm by stockholders is not required by law, the Board of Directors has determined that it is desirable to request ratification of this selection by the stockholders. Notwithstanding its selection, the Audit Committee, in its discretion, may appoint a new independent registered public accounting firm at any time during the year if the Audit Committee believes that such a change would be in the best interest of the Company and its stockholders. If the stockholders do not ratify the appointment of Crowe, the Audit Committee may reconsider its selection. Crowe has audited the Company's financial statements since 2023. Crowe has indicated a representative will be available at the Annual Meeting.

**Principal Accountant Fees and Services**

The following table shows the fees paid or accrued by the Company for the audit and other services provided by Crowe.

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| | | |
|:---|:---|:---|
|  | **2025** | **2024** |
| Audit Fees | $210096 | $449464 |
| Audit Realted Fees |  |  |
| Tax Fees | 43318 | 44445 |
| All Other Fees |  |  |
|  | $253414 | $493909 |

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Audit fees primarily represent fees for financial services provided in connection with the audit of the Company's consolidated financial statements, statutory financial statements of USALSC and USALSC-MT, and review of quarterly and annual financial statements and SEC Forms 10-K, 10-Q and 8-K.

**Pre-Approval of Audit and Non-Audit Services**

The Audit Committee pre-approves all audit and permissible non-audit services provided by our independent registered public accounting firm. These services may include audit services, audit-related services, tax services, and other services. Prior to engaging our independent registered public accounting firm to render an audit or permissible non-audit services, the Audit Committee specifically approves the engagement of our independent registered public accounting firm. As such, the engagement of Crowe to render audit services, audit-related services, and other services, and tax services provided by MarksNelson was approved by the Audit Committee in advance of the rendering of the services.

**THE BOARD OF DIRECTORS RECOMMENDS A** "**YES**" **VOTE FOR RATIFICATION OF OUR INDEPENDENT PUBLIC ACCOUNTING FIRM.**

**REPORT OF THE AUDIT COMMITTEE OF THE BOARD OF DIRECTORS**

The Audit Committee has reviewed and discussed the audited financial statements for the year ended December 31, 2025 with the Company's management. The Company's management has primary responsibility for the Company's financial reporting process and internal controls as well as preparation of the Company's consolidated financial statements. The independent registered public accounting firm is responsible for performing an audit in accordance with the standards of the Public Company Accounting Oversight Board (United States) (PCAOB) to obtain reasonable assurance that the Company's consolidated financial statements are free from material misstatement and expressing an opinion on the conformity of such financial statements with accounting principles generally accepted in the United States. The Audit Committee is responsible for overseeing and monitoring the independent registered accounting firm's audit process on behalf of the Board of Directors.

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The Audit Committee has discussed with Crowe, the Company's independent registered public accounting firm for the year ended December 31, 2025, the matters required to be discussed by PCAOB Auditing Standard No. 16, "Communications with Audit Committees" as amended and adopted by PCAOB. PCAOB Auditing Standard No. 16 requires an auditor to discuss with the Audit Committee, among other things, the auditor's judgments about the quality, not just the acceptability, of the accounting principles applied in the Company's financial reporting.

The Audit Committee has also received the written disclosures and the letter from Crowe required by PCAOB Rule 3526, "Communication with Audit Committees Concerning Independence," and has discussed with Crowe its independence from US Alliance.

Based on the review and discussions referred to above, the Audit Committee recommended to US Alliance's Board of Directors that the audited financial statements be included in US Alliance's Annual Report on Form 10-K for the year ended December 31, 2025, for filing with the SEC.

**AUDIT COMMITTEE OF THE BOARD OF DIRECTORS**

John Helms, Chairman

William Graves

James Poolman

JuliAnn Mazachek

Jack H. Brier (ex officio)

**BOARD LEADERSHIP STRUCTURE AND ROLE IN RISK OVERSIGHT**

The Company's Board of Directors is currently composed of five members. Four members are independent and one member (Mr. Brier) is an executive officer of the Company.

Mr. Brier serves as both the principal officer of the Company in his role as President and Chief Executive Officer and Chairman of the Board of Directors. The Company does not have a lead independent Director. The Company has determined that this leadership structure is appropriate as the Company was initially formed as a financial holding company and raised capital by intrastate private and public offerings in the state of Kansas through the sale of shares with the purpose of establishing a life insurance company.

The Board of Directors is elected by the stockholders to oversee management and to ensure that the long-term interests of the stockholders are being served. In considering the long-term interests of stockholders, the Board recognizes the importance of considering and addressing the interests of the Company's other major constituents, including policyholders, employees and the communities in which the Company conducts its business. To fulfill this oversight function, the Company's Board of Directors held five regularly scheduled meetings at which it reviewed and discussed reports by management on the performance of the Company, its plans and prospects, as well as immediate issues facing the Company. In addition to its general oversight of management, the Board of Directors or its Committees also perform a number of specific functions, including:

☐ reviewing, advising, approving and monitoring fundamental financial and business strategies and major corporate actions;

☐ assessing major risks facing the Company, and reviewing options for their mitigation;

☐ selecting, evaluating and compensating executive management and overseeing executive management succession planning;

☐ providing advice and counsel to executive management;

☐ providing counsel and oversight on the selection, evaluation, development and compensation of senior management; and

☐ ensuring processes are in place for maintaining the integrity of the Company, including the integrity of the financial statements.

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**SECURITY OWNERSHIP**

The following table sets forth the beneficial ownership of the Company's common stock as of the Record Date (i) by all persons known to the Company, based on statements filed by such persons pursuant to Section 13(d) or 13(g) of the Exchange Act, to be the beneficial owners of more than 5% of US Alliance's common stock, (ii) by the executive officers named in the Summary Compensation Table under "Management Compensation", (iii) by each Director, and (iv) by all current Directors and executive officers as a group.

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| | | |
|:---|:---|:---|
| Name | Common Stock<br> Beneficially Owned (1) | Percentage Beneficially<br> Owned (1) |
| Jack H. Brier (2) | 567800 | 7.14% |
| James Poolman (3) | 85055 | 1.07% |
| William Graves (3) | 110000 | 1.38% |
| John Helms (3) | 50000 | \* |
| JuliAnn Mazachek (3) | 50000 | \* |
| Jeffrey Brown | 76000 | \* |
| All Directors and executive officers as a group (6 persons) | 938855 | 11.81% |

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\* represents less than 1%<br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) As of March 1, 2026, there are 7,788,922 shares issued and outstanding and entitled to vote. An additional 160,000 unvested Restricted Shares are entitled to vote.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) Includes 20,000 shares owned by Brier Development Company, Inc. of which Jack H. Brier is the sole owner.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) Includes 40,000 unvested Restricted Shares.

**MANAGEMENT COMPENSATION**

The Compensation Committee assists the Board of Directors in overseeing the management of the Company's compensation program and chief executive officer performance. In addition, they oversee the evaluation of management and compensation of the President of the Company.

The following Summary Compensation Table sets forth the compensation of the executive officers' compensation that exceeded $100,000.

**Summary Compensation Table**

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Name and Principal Position | Year | Salary<br> ($) | <br> Bonus<br> ($) | All Other<br> Compensation<br> ($) | Total<br> ($) |
| Jack H. Brier (1) | 2025 | 300000 | 55840 | 26773 (3) | 382613 |
| President and Chief Executive Officer | 2024 | 262500 | -0- | 26773 (4) | 289273 |
| Jeffrey Brown (2) | 2025 | 240000 | 59682 | 22073 (5) | 321755 |
| Vice President<br> Chief Operating Officer, USALSC<br> President, USALSC – Montana | 2024 | 240000 | 60000 | 18268 (6) | 318124 |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) Mr. Brier was elected President and Chief Executive Officer on April 24, 2009.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) Mr. Brown was appointed Vice President in June 2019, Chief Operating Officer and Executive Vice President of USALSC in November 2011, & President of USALSC – Montana in December 2018. He serves as Principal Financial Officer for US Alliance.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) All other compensation for Mr. Brier in 2025 consisted of an automobile allowance of $15,000 and insurance premiums of $11,773.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) All other compensation for Mr. Brier in 2024 consisted of an automobile allowance of $15,000 and insurance premiums of $11,773.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5) All other compensation for Mr. Brown in 2025 consisted of insurance premiums of $20,873 and cell phone reimbursement of $1,200.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(6) All other compensation for Mr. Brown in 2024 consisted of insurance premiums of $17,068 and cell phone reimbursement of $1,200.

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**Employment Agreements**

On September 28, 2021, the Company entered into an Employment Agreement (the "Brier Employment Agreement") with Jack Brier, pursuant to which Mr. Brier was appointed President and Chief Executive Officer of the Company and of its subsidiaries, US Alliance Life and Security Company, US Alliance Investment Corporation, US Alliance Marketing Corporation, Us Alliance Life and Security Company – Montana, and Dakota Capital Life Insurance Company. Mr. Brier has served in those positions with the Company and each of the subsidiaries since 2009 without an employment agreement. The term of Mr. Brier's Employment Agreement is three years commencing on September 30, 2021, which term may be extended for additional one-year terms upon approval of the Board and Mr. Brier. Pursuant to the terms of the Brier Employment Agreement, Mr. Brier is entitled to receive an annual base salary of $250,000, and is eligible for such additional bonuses as may be granted at the Board's discretion based on Mr. Brier's performance and certain corporate events, subject to forfeiture and repayment in the event of certain restatements of the Company's financial statements. Mr. Brier is entitled to severance payments in the event that his employment is terminated other than for "Good Cause" or by Mr. Brier without "Good Reason" (as those terms are defined in the Brier Employment Agreement). The Brier Employment Agreement also contains confidentiality and one-year non-competition and non-solicitation restrictive covenants. A copy of the Brier Employment Agreement is attached as Exhibit 10.1 to the Company's Current Report on Form 8-K, filed with the SEC on October 1, 2021. The Brier Employment Agreement was amended by Amendment No. 1, effective January 1, 2023 to increase his annual base salary to $262,500 and to extend the termination date to September 30, 2025. A copy of Amendment No. 1 to the Brier Employment Agreement is attached as Exhibit 10.1 to the Company's Current Report on Form 8-K, filed with the SEC on January 6, 2023. The Brier Employment Agreement was further amended by Amendment No. 2, effective January 1, 2025, to increase his annual base salary to $300,000 and to extend the termination date to September 30, 2027. A copy of Amendment No. 2 to the Brier Employment Agreement is attached as Exhibit 10.1 to the Company's Current Report on Form 8-K, filed with the SEC on December 16, 2024.

The Company entered into an Employment Agreement dated March 15, 2021 (the "Brown Employment Agreement") with Jeff Brown, which replaced the previous employment agreement between the Company and Mr. Brown, which expired as of January 31, 2020. Pursuant to the Brown Employment Agreement, Mr. Brown serves as the Vice President and Principal Financial Officer of the Company, Executive Vice President and Chief Operating Officer of USALSC, and President and Chief Operating Officer of each of DCLIC and USALSC - Montana, wholly owned subsidiaries of the Company. The 2021 Employment Agreement is for a term of three years, commencing on March 15, 2021 and continuing until March 14, 2024, and subject to renewal as determined by the Board, which may consider the recommendations of Mr. Brier, as the President and Chief Executive Officer of the Company, and of the Compensation Committee. Actuarial surveys produced by Ezra and DW Simpson were reviewed in determining appropriate compensation to be paid to Mr. Brown under the terms of the Brown Employment Agreement. A copy of the Brown Employment Agreement is attached as Exhibit 10.1 to the Company's Current Report on Form 8-K, filed with the SEC on March 18, 2021. The Brown Employment Agreement was amended April 12, 2024 to increase his annual base salary to $240,000 and to extend the termination date to March 15, 2027. A copy of the amendment to the Brown Employment Agreement is attached as Exhibit 10.1 to the Company's Current Report on Form 8-K, filed with the SEC on April 12, 2024.

**Pay versus Performance Table**

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, we are providing the following information about the relationship between compensation actually paid ("CAP") (as defined by SEC rules) and certain financial performance of the Company. As a "smaller reporting company" we are permitted to include reduced disclosure about the Company's executive compensation arrangements.

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The following table sets forth the required compensation information for our principal executive officer ("PEO") and the named executive officer other than the PEO (the "Other NEO"), calculated in accordance with SEC regulations, for fiscal years 2023, 2024, and 2025. The Compensation Committee did not consider the pay versus performance disclosure below in making its pay decisions for any of the years shown.

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Year** | **Summary**<br> **Compensation**<br> **Table Total "SCT Total")** <br> **For PEO<sup>(1)</sup>**<br> **($)** | **CAP for**<br> **PEO<sup>(1)(2)</sup>**<br> **($)** | **Average SCT Total for**<br> **Other NEO(1)**<br> **($)** | **Average**<br> **CAP for**<br> **Other NEO<sup>(1)(2)</sup>**<br> **($)** | **Value of Initial**<br> **Fixed $100**<br> **Investment based**<br> **on TSR<sup>(3)</sup>**<br> **($)** | **Net Income (Loss)**<br> **($)** |
| 2025 | 382613 | 382613 | 321755 | 321755 | \* | (786842) |
| 2024 | 289273 | 289273 | 318268 | 318268 | \* | 540732 |
| 2023 | 312053 | 312053 | 328124 | 328124 | \* | 1478073 |

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&nbsp;&nbsp;&nbsp;&nbsp;(1) Jack Brier was the Company's PEO for each year presented. Jeff Brown was the Other NEO for each year presented.

&nbsp;&nbsp;&nbsp;&nbsp;(2) Item 402(v) of Regulation S-K requires the calculation of CAP to reflect certain adjustments to the SCT Total to account for (a) defined benefit and actuarial plans costs and actuarial values, and (b) and the fair value of equity-based awards. As a smaller reporting company, the Company is not required to provide the disclosure described in the preceding clause (a). The Company did not grant any equity-based awards to the PEO or the Other NEO in the years presented and accordingly the CAPs reported above do not include any adjustment to the SCT Totals pursuant to the preceding clause (b).

&nbsp;&nbsp;&nbsp;&nbsp;(3) Calculation of Total Shareholder Return ("TSR") assumes $100 was invested in the Company for the period starting January 1, 2023, through the end of the listed year. Historical stock performance is not necessarily indicative of future stock performance. As there is no public market for US Alliance Corporation stock, TSR could not be calculated. As a smaller reporting company, the Company is not required to disclose peer group TSR.

CAP to the PEO (Mr. Brier) increased from $289,273 in 2024 to $382,613 in 2025, an increase of 32.27%. The increase was related to an increase in salary and an increase in bonus compensation. Average compensation actually paid to non-PEO NEOs (Mr. Brown) increased from $318,268 in 2024 to $321,755 in 2025, an increase of 1.10%. The increase was largely impacted by increased employee benefit costs. For the same period, net income decreased from $540,732 in 2024 to ($786,842) in 2025. TSR could not be calculated for the comparable periods as there is no public market for US Alliance Corporation stock. Net income, as well as other performance measures, are considered when measuring individual performance and bonus compensation.

**SECTION 16(a) BENEFICIAL OWNERSHIP REPORTING COMPLIANCE**

Section 16(a) of the Exchange Act ("Section 16(a)") requires the Company's executive officers and Directors, and certain persons who own more than 10% of a registered class of the Company's equity securities ("10% Stockholders"), to file reports of ownership on Form 3 and changes in ownership on Forms 4 or 5 with the SEC. Such executive officers, Directors and 10% Stockholders are also required by SEC rules to furnish the Company with copies of all Section 16(a) forms they file.

Based solely on its review of the copies of such reports furnished to the Company and written representations that no other reports were required to be filed during 2024, the Company believes that its executive officers, Directors and 10% Stockholders have complied with all Section 16(a) filing requirements applicable to them.

**REPORT OF THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS**

The current members of the Compensation Committee of US Alliance Corporation are William P. Graves (Chairman), James Poolman, John Helms, and JuliAnn Mazachek. The Compensation Committee meets annually, or on call of the chairman, to evaluate the performance of the President and Chief Executive Officer of the Company, Jack H. Brier, and recommend to the Board of Directors the amount of compensation to be paid to Mr. Brier for his service to the Company.

In evaluating Mr. Brier's performance, the Committee took into consideration the 2025 financial performance of the Company highlighted by record revenue driven by record high premiums and record high total assets. In conjunction with a concerted effort to control expenses, the Company's fiscal condition is solid. Control of expenses was particularly important given that the Company's growth has resulted in extraordinary expense increases in actuarial and auditing expenses mandated by the SEC, the PCAOB, and FASB, as well as the cost to develop new products and expand the distribution network. Under Mr. Brier's leadership, the percentage of operating expenses to total expenses was held steady in spite of these significant increases. In addition, the Company's Risk-Based Capital calculation remained solidly above internal targets, another indication of a strong financial position. The Committee also took into consideration several business opportunities that did not finalize in 2025 but still have future potential. The Committee concluded that Mr. Brier continued to provide outstanding leadership and commitment to the Company's success.

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In recommending compensation for Mr. Brier, the Committee considered factors in addition to his performance leading the Company. These included the need to provide compensation that encourages Mr. Brier's to continue his employment with the Company with a focus on profitability and growth. In addition, the Committee considered the need to assure that Mr. Brier's compensation is reasonable and appropriate when compared to compensation paid to other employees of the Company and compares favorably with information available to the Committee about compensation paid to executive officers at other insurance companies.

In December 2025, the Committee considered Mr. Brier's compensation for calendar years 2025 and 2026. Based on the Committee's evaluation of Mr. Brier's performance, they made the following recommendations to the Board of Directors: (1) that Mr. Brier's base salary for 2026 remain at $300,000, and (2) that Mr. Brier receive bonus compensation for 2025 of $55,840 based upon growth in assets and growth in direct premiums. The Committee recommended that Mr. Brier's fringe benefits and potential for incentive compensation tied to stock sales remain the same as in 2025. Upon motion duly made, seconded, and unanimously approved, the Board adopted the Committee report and approved the Committee's recommendations.

**COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS**

WILLIAM GRAVES-CHAIRMAN

JAMES POOLMAN

JOHN HELMS

JULIANN MAZACHEK

**ANNUAL REPORT**

Please refer to the Company's Annual Report on Form 10-K for financial statements, other financial information and management's discussion and analysis of the financial condition and results of operations of the Company that is available without charge at www.usalliancecorporation.com. In addition, our Form 10-K and all other reports and information filed with the SEC is available on the SEC's website at <u>www.sec.gov</u>.

**OTHER MATTERS**

The Board of Directors does not know of any other matters to be presented at the Annual Meeting. If any additional matters are properly presented at the Annual Meeting, the persons named in the enclosed proxy card will have discretion to vote shares they represent in accordance with their own judgment on such matters.

**OTHER INFORMATION**

A stockholder desiring to submit a proposal for inclusion in US Alliance's Proxy Statement or director nominees for the year 2026 Annual Meeting must deliver the proposal so that it is received by US Alliance no later than December 31, 2026. You must submit your proposal in writing to the Secretary of the Company at 1303 SW First American Pl, Suite 200, Topeka, KS 66604. Only proposals meeting the requirements of applicable Securities and Exchange rules will be considered for inclusion in US Alliance's Proxy Statement.

**INFORMATION INCORPORATED BY REFERENCE**

The financial statements required to be included in this Proxy Statement are incorporated by reference to our Annual Report.

**BY ORDER OF THE BOARD OF DIRECTORS** 

**US ALLIANCE CORPORATION**

US ALLIANCE CORPORATION

1303 SW First American Pl, Suite 200, Topeka, KS 66604

866-953-4675 ♦ usalliancecorporation.com

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![usalliance01.jpg](usalliance01.jpg)

**US ALLIANCE CORPORATION**

**PROXY FOR ANNUAL MEETING OF STOCKHOLDERS**

**This Proxy is Solicited on Behalf of the Board of Directors**

&nbsp;&nbsp; **WHEN COMPLETED AND SIGNED, PLEASE RETURN THIS PROXY**<br> **BY MAIL, FAX TO (785) 228-0202, OR** <br> **SCAN & EMAIL TO JACK.BRIER@USALLIANCECORPORATION.COM**<br>

The undersigned hereby constitutes and appoints Jack H. Brier and John Helms, and each or any of them, the attorneys and proxies of the undersigned, each with the power of substitution, to act for the undersigned with respect to the proposals set forth below, and in connection therewith to vote by written consent all of the shares of US Alliance Corporation's common stock which the undersigned would be entitled to vote at any annual meeting of shareholders or by written consent in lieu of such meeting, as set forth below. This proxy revokes all prior proxies given by the undersigned.

**THE BOARD OF DIRECTORS RECOMMENDS A VOTE <u>FOR</u> THE PROPOSALS SET FORTH BELOW.**

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| | |
|:---|:---|
| **<u>PROPOSAL 1</u>:**  | **Election of Directors** – **Nominees Are: Jack H. Brier, William P. Graves, John R. Helms, James A. Poolman, Juliann Mazachek.** |

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☐ **FOR ALL NOMINEES** ☐ **WITHHOLD AUTHORITY FOR ALL NOMINEES**<br>

☐ **FOR ALL EXCEPT**: _______________________________________________<br>

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| | | | | |
|:---|:---|:---|:---|:---|
|  |  | **For** | **Against** | **Abstain** |
| **<u>PROPOSAL 2</u>:** | **Approval of Crowe LLP as Independent Auditors:** | ☐ | ☐ | ☐ |

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**THIS PROXY WILL BE VOTED IN ACCORDANCE WITH THE CHOICES SPECIFIED BY THE UNDERSIGNED ON THIS PROXY. IF NO INSTRUCTIONS TO THE CONTRARY ARE INDICATED HEREON, THIS PROXY WILL BE TREATED AS A GRANT OF AUTHORITY TO VOTE FOR THE NOMINEES FOR DIRECTOR, FOR THE APPROVAL OF CROWE LLP AS THE COMPANY**'**S INDEPENDENT AUDITORS, AND ACCORDING TO THE DISCRETION OF THE PROXY HOLDERS ON ANY OTHER MATTERS THAT MAY PROPERLY COME BEFORE THE MEETING.**

**NO PROPOSAL IS CONDITIONED UPON THE APPROVAL OF ANY OTHER PROPOSAL.**

Receipt of Proxy Statement and Notice of Annual Meeting is hereby acknowledged.

Dated:   , 2026 Current Email Address:  

Signature:   Signature:  

**Important: Shareholders should date this proxy and sign exactly as name(s) appear hereon. When signing the Proxy as attorney, executor, administrator, trustee or guardian, please give full title as such.**

[Shareholder Name] <br> [No of Shares] [Trans No]