United Fire Group

United Fire Group, Inc. is a holding company, which engages in the business of writing property, casualty insurance, life insurance, and selling annuities through a network of independent agencies. The firm operates through the following segments: Property and Casualty Insurance and Life Insurance. The Property and Casualty Insurance segment includes commercial lines insurance, personal lines insurance, and assumed reinsurance. The Life Insurance segment includes deferred and immediate annuities, universal life products and traditional life insurance products. The company was founded in January 1946 and is headquartered in Cedar Rapids, IA.

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Earnings data Q4 2024

United Fire Group (UFCS) reports strong financial performance and strategic growth outlook

United Fire Group (UFCS) delivered solid financial performance in Q4 2022 and full year 2022, driven by premium growth and improved loss ratios.
The company's focus on diversification, operational efficiency, and strategic leadership positions it well for future growth and profitability.
Challenges in core commercial business and expense management require targeted solutions, while opportunities in reinsurance and market expansion offer avenues for sustained success.
Overall, United Fire Group (UFCS) showcases resilience and strategic foresight in navigating the evolving insurance landscape, supported by strong leadership and operational enhancements.

United Fire Group (UFCS) reports strong Q1 results, eyes expense management

United Fire Group (UFCS) delivered solid Q1 results with growth in net written premium and core commercial lines. Challenges include increased expense and loss ratios due to assumed reinsurance. The company is focused on managing expenses and exploring growth opportunities.

United Fire Group (UFCS) reports Q2 challenges and outlines opportunities

United Fire Group (UFCS) faced challenges in Q2 2023 with a high combined ratio and net loss per diluted share.
Despite these challenges, the company demonstrated strengths in core commercial business growth and proactive reserve strengthening efforts.
Opportunities lie in leveraging growth, improving financial performance, and addressing challenges for long-term success.

United Fire Group (UFCS) reports turnaround with improved Q3 earnings

United Fire Group (UFCS) showcased a remarkable improvement in financial performance, reporting a net income of $6.4 million in Q3 2023. The company's strategic focus on core commercial business and underwriting results contributed to this positive outcome.
While challenges in expense management and competitive dynamics persist, UFG Insurance's resilience and commitment to shareholder value through dividends position it well for future growth. Leveraging opportunities in cost efficiency and market expansion will be key for sustained success.

United Fire Group (UFCS) reports solid Q4 performance and addresses key challenges for future growth

United Fire Group (UFCS) delivered a strong performance in Q4 2023, marked by growth in net written premium and operational efficiency. The company's strategic focus on core commercial business growth and expense ratio reduction positions it well for future success. Addressing challenges related to headcount decline and reserve development will be key to sustaining financial health.
UFCS should capitalize on opportunities to optimize expenses, enhance investment performance, and capitalize on assumed reinsurance book growth. By navigating challenges effectively and leveraging strengths in liability management and talent investments, UFCS can drive sustainable growth and profitability in the insurance market.

United Fire Group (UFCS) reports strong Q1 performance and growth opportunities

United Fire Group (UFCS) delivered a robust performance in Q1 2024, marked by increased net income, strong premium growth, and improved underwriting efficiency.
The company's strategic investment reallocation and focus on core commercial business underscore a commitment to long-term profitability and shareholder value creation.
While challenges such as managing catastrophe losses persist, UFG Insurance's proactive approach and growth opportunities position it favorably in the market.
By capitalizing on opportunities for market expansion and product diversification, UFG Insurance can navigate challenges and drive sustainable growth in the insurance sector.

United Fire Group reports premium growth and investment income surge

United Fire Group demonstrated strong premium growth and improved underwriting performance in the second quarter.
Despite challenges such as rating errors and a net loss, the company remains committed to enhancing operational efficiency and shareholder value.
Strategic shifts in investments and expense management position United Fire Group for long-term growth and profitability.

United Fire Group reports robust Q3 performance and eyes growth

United Fire Group's Q3 2024 performance reflects strong growth, improved operational efficiency, and effective risk management strategies.
The company's resilience in resolving challenges, sustaining growth momentum, and enhancing financial stability positions it well for future opportunities.
To navigate challenges and capitalize on opportunities, United Fire Group must maintain underwriting discipline, drive innovation, and adapt to market dynamics proactively.

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CEDAR RAPIDS, Iowa, Dec. 15, 2023 (GLOBE NEWSWIRE) -- United Fire Group Inc. (Nasdaq: UFCS) (UFG) is pleased to announce the appointment of Kelly Walsh as chief underwriting officer, effective December 27, 2023.

UFG Appoints Kelly Walsh Chief Underwriting Officer

United Fire Group, Inc. (NASDAQ:UFCS ) Q3 2023 Earnings Conference Call November 2, 2023 12:00 PM ET Company Participants Tim Borst - Assistant Vice President & Director of Investor Relations Kevin Leidwinger - Chief Executive Officer Julie Stephenson - Chief Operating Officer Eric Martin - Executive Vice President & Chief Financial Officer Conference Call Participants Operator Good morning. My name is Anthony and I will be your conference operator today.

United Fire Group, Inc. (UFCS) Q3 2023 Earnings Call Transcript

United Fire Group (UFCS) came out with quarterly earnings of $0.31 per share, beating the Zacks Consensus Estimate of a loss of $0.16 per share. This compares to loss of $0.47 per share a year ago.

United Fire Group (UFCS) Q3 Earnings Surpass Estimates

Third Quarter Net Income of $0.25 per Diluted Share and Adjusted Operating Income of $0.31 per Diluted Share

United Fire Group, Inc. Reports Third Quarter 2023 Results

CEDAR RAPIDS, Iowa, Oct. 12, 2023 (GLOBE NEWSWIRE) -- United Fire Group, Inc. (Nasdaq: UFCS) (the "Company", "UFG", "we", or "our") announced today that its 2023 third quarter earnings results will be released after the market closes on Wednesday, November 1, 2023. An earnings call will be held on Thursday, November 2, 2023 at 11:00 a.m. central time to allow securities analysts, shareholders and other interested parties the opportunity to hear management discuss the Company's 2023 third quarter results.

United Fire Group, Inc. Announces Its 2023 Third Quarter Earnings Call

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United Fire Group (UFCS) is a small-cap P&C insurer focused on commercial lines. UFCS's underwriting results have fallen back into the red in 2022 and have regressed even further in 2023 due to bad policies written in the past. The company's discounted valuation is justified given its poor history of poor returns.

United Fire Group: Continue To Stay Away

CEDAR RAPIDS, Iowa, Aug. 18, 2023 (GLOBE NEWSWIRE) -- Today, AM Best announced downgrades of the credit ratings of United Fire Group, Inc. ("UFG") and its property/casualty subsidiaries. Specifically, the Financial Strength Rating was downgraded to A- (Excellent) from A (Excellent), and the Long-Term Issue Credit Ratings ("ICR") of the property/casualty subsidiaries of UFG to “a-” (Excellent) from “a” (Excellent). Concurrently, AM Best has downgraded the Long-Term ICR to “bbb-” (Good) from “bbb” (Good) of UFG. The outlook of these ratings was revised to stable.

AM Best downgrades credit ratings of United Fire Group, Inc. and its property/casualty subsidiaries to A- (Excellent) with stable outlook

OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--AM Best has downgraded the Financial Strength Rating (FSR) to A- (Excellent) from A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) to “a-” (Excellent) from “a” (Excellent) of the property/casualty (P/C) subsidiaries of United Fire Group, Inc. (UFG) [NASDAQ: UFCS] (collectively known as United Fire & Casualty Group), which operate under an intercompany pooling agreement led by United Fire & Casualty Company. Concurrently, AM Best has d.

AM Best Downgrades Credit Ratings of United Fire Group, Inc. and Its Property/Casualty Subsidiaries

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United Fire Group, Inc. (NASDAQ:UFCS ) Q2 2023 Earnings Conference Call August 8, 2023 10:00 AM ET Company Participants Tim Borst - AVP and Director of Investor Relations Kevin Leidwinger - CEO Eric Martin - Executive Vice President and Chief Financial Officer Julie Stephenson - Chief Operating Officer Conference Call Participants Paul Newsome - Piper Sandler Corey Wrenn - Pecaut Wealth Management Operator Good morning. My name is Chuck, and I'll be your conference operator today.

United Fire Group, Inc. (UFCS) Q2 2023 Earnings Call Transcript

Second Quarter Net Loss of $2.23 per Diluted Share and Adjusted Operating Loss of $2.27 per Diluted Share; Net Premiums Written Increased 14.6% Over Prior Year Quarter Second Quarter Net Loss of $2.23 per Diluted Share and Adjusted Operating Loss of $2.27 per Diluted Share; Net Premiums Written Increased 14.6% Over Prior Year Quarter

United Fire Group, Inc. Reports Second Quarter 2023 Results

Insurer United Fire Group Inc.'s stock UFCS, -13.44% was down 14% Tuesday, after the company issued a profit warning for its second quarter amid elevated catastrophe claims. The Cedar Rapids, Iowa-based company said it expects a loss of $2.23 a share and an adjusted loss of $2.27 a share.

Insurer United Fire's stock slides 14% after extreme weather events spark profit warning

CEDAR RAPIDS, Iowa, July 31, 2023 (GLOBE NEWSWIRE) -- United Fire Group, Inc. (the "Company" or "UFG") (Nasdaq: UFCS) announced today preliminary earnings estimates for the second quarter 2023 results, including net loss of $2.23 per diluted share, and an adjusted operating loss of $2.27 per diluted share.

United Fire Group, Inc. Reports Estimates for Second Quarter 2023 Results

CEDAR RAPIDS, Iowa, July 24, 2023 (GLOBE NEWSWIRE) -- United Fire Group, Inc. (Nasdaq: UFCS) (the "Company", "UFG", "we", or "our") announced today that its 2023 second quarter earnings results will be released after the market closes on Monday, August 7, 2023. An earnings call will be held on Tuesday, August 8, 2023 at 9:00 a.m. central time to allow securities analysts, shareholders and other interested parties the opportunity to hear management discuss the Company's 2023 second quarter results.

United Fire Group, Inc. Announces Its 2023 Second Quarter Earnings Call

United Fire Group, Inc. (NASDAQ:UFCS ) Q1 2023 Earnings Conference Call May 5, 2023 12:00 AM ET Company Participants Eric Martin - Executive Vice President and Chief Financial Officer Kevin Leidwinger - CEO Julie Stephenson - Chief Operating Officer, Conference Call Participants Paul Newsome - Piper Sandler Operator Good morning, and welcome to the United Fire Group, Incorporated First Quarter 2023 Results Conference Call. [Operator Instructions] Please note, this event is being recorded.

United Fire Group, Inc. (United Fire Group, Inc.) Q1 2023 Earnings Call Transcript

United Fire Group (UFCS) came out with quarterly earnings of $0.08 per share, missing the Zacks Consensus Estimate of $0.53 per share. This compares to earnings of $1.13 per share a year ago.

United Fire Group (UFCS) Q1 Earnings Miss Estimates

First Quarter Net Income of $0.03 per Diluted Share and Adjusted Operating Income of $0.08 per Diluted Share; Net Premiums Written increased 13.4%

United Fire Group, Inc. Reports First Quarter 2023 Results

CEDAR RAPIDS, Iowa, April 25, 2023 (GLOBE NEWSWIRE) -- United Fire Group, Inc. (Nasdaq: UFCS) (the "Company", "UFG", "we", or "our") announced today that its 2023 first quarter earnings results will be released after the market closes on Monday, May 8, 2023. An earnings call will be held on Tuesday, May 9, 2023 at 9:00 a.m. central time to allow securities analysts, shareholders and other interested parties the opportunity to hear management discuss the Company's 2023 first quarter results.

United Fire Group, Inc. Announces Its 2023 First Quarter Earnings Call

United Fire Group, Inc. (NASDAQ:UFCS ) Q4 2022 Results Conference Call February 16, 2023 10:00 AM ET Company Participants Eric Martin - SVP and CFO Kevin Leidwinger - President and CEO Conference Call Participants Paul Newsome - Piper Sandler Operator Good morning, and welcome to the UFG Full Year and Fourth Quarter 2022 Results Conference Call. [Operator Instructions] Please note this event is being recorded.

United Fire Group, Inc. (UFCS) Q4 2022 Earnings Call Transcript

United Fire (UFCS) delivered earnings and revenue surprises of -50% and 2.28%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

United Fire Group (UFCS) Lags Q4 Earnings Estimates

Fourth Quarter Net Income of $0.79 per Diluted Share and Adjusted Operating Income of $0.18 per Diluted Share; Net Premiums Written increased 6.3%

United Fire Group, Inc. Reports Fourth Quarter and Full Year 2022 Results

CEDAR RAPIDS, Iowa, Jan. 26, 2023 (GLOBE NEWSWIRE) -- United Fire Group, Inc. (Nasdaq: UFCS) (the "Company", "UFG", "we", or "our") announced today that its 2022 fourth quarter earnings results will be released after the market closes on Wednesday, February 15, 2023. An earnings call will be held on Thursday, February 16, 2023 at 9:00 a.m. central time to allow securities analysts, shareholders and other interested parties the opportunity to hear management discuss the Company's 2022 fourth quarter results.

United Fire Group, Inc. Announces Its 2022 Fourth Quarter Earnings Call

CEDAR RAPIDS, Iowa, Jan. 20, 2023 (GLOBE NEWSWIRE) -- United Fire Group Inc. (Nasdaq: UFCS) (UFG) announced today that Kyle D. Skogman will retire from its board of directors following the company's annual meeting of shareholders on May 17, 2023.

Kyle Skogman to Retire From UFG Board Following 2023 Annual Meeting

CEDAR RAPIDS, Iowa, Jan. 05, 2023 (GLOBE NEWSWIRE) -- United Fire Group Inc. (Nasdaq: UFCS) (“UFG”) is pleased to announce the appointment of Julie Stephenson as its new executive vice president and chief operating officer (“COO”), effective January 30, 2023. She succeeds the company's longtime COO Michael Wilkins, who retired from UFG at the end of September.

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