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.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

CEDAR RAPIDS, Iowa, Feb. 15, 2022 (GLOBE NEWSWIRE) -- United Fire Group, Inc. (Nasdaq: UFCS),

United Fire Group, Inc. Reports Fourth Quarter and Year End 2021 Results

CEDAR RAPIDS, Iowa, Feb. 10, 2022 (GLOBE NEWSWIRE) -- United Fire Group, Inc. (Nasdaq: UFCS) ("UFG"), announced today that Neal Scharmer, Vice President, General Counsel and Corporate Secretary, will retire from UFG on March 31, 2022, after more than 40 years practicing law, and having served in his current role for more than 20 years.

United Fire Group, Inc. General Counsel Neal Scharmer Retiring; Sarah Madsen Appointed Successor

United Fire (UFCS) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

United Fire Group (UFCS) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

CEDAR RAPIDS, Iowa, Jan. 31, 2022 (GLOBE NEWSWIRE) -- On January 28, 2022, Mary K. Quass, member of the Board of Directors of United Fire Group, Inc. (Nasdaq: UFCS) ("UFG") announced she will retire from the Board effective immediately following the Annual Meeting of Shareholders on May 18, 2022. Ms. Quass's resignation is in compliance with UFG's bylaws, which state that "every director shall submit his or her resignation not later than the first day of February after the director attains age 72."

United Fire Group, Inc. Board Member Mary K. Quass to Retire

CEDAR RAPIDS, Iowa, Jan. 13, 2022 (GLOBE NEWSWIRE) -- United Fire Group, Inc. (Nasdaq: UFCS) (the "Company", "UFG", "we", or "our") announced today that its 2021 fourth quarter and year-end earnings results will be released before the market opens on February 15, 2022. An earnings call will be held at 9:00 a.m. central time on that date to allow securities analysts, shareholders and other interested parties the opportunity to hear management discuss the Company's 2021 fourth quarter and year-end results.

United Fire Group, Inc. Announces Its 2021 Fourth Quarter and Year-End Earnings Call

United Fire Group, Inc. (UFCS) CEO Randy Ramlo on Q3 2021 Results - Earnings Call Transcript

United Fire (UFCS) delivered earnings and revenue surprises of 0.00% and -2.49%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

United Fire Group (UFCS) Reports Q3 Loss, Lags Revenue Estimates

CEDAR RAPIDS, Iowa, Nov. 04, 2021 (GLOBE NEWSWIRE) -- United Fire Group, Inc. (Nasdaq: UFCS),

United Fire Group, Inc. Reports Third Quarter 2021 Results

CEDAR RAPIDS, Iowa, Oct. 28, 2021 (GLOBE NEWSWIRE) -- United Fire Group, Inc. (the "Company" or "UFG") (Nasdaq: UFCS) announced today that the third quarter 2021 results include pre-tax catastrophe losses of $39.5 million. Catastrophe losses for the third quarter added 16.5 percentage points to the GAAP combined ratio. Our 10-year historical average for the third quarter is 9.2 percentage points of the GAAP combined ratio. The higher than average catastrophe losses in the third quarter of 2021 are primarily the result of 19 catastrophe events, with the most notable catastrophe event being Hurricane Ida. Hurricane Ida is estimated to be a full retention loss, with losses in excess of our stated reinsurance retention of $20.0 million.

United Fire Group, Inc. Reports Estimates for Third Quarter 2021 Results

Will United Fire Group (UFCS) Report Negative Earnings Next Week? What You Should Know

CEDAR RAPIDS, Iowa, Oct. 08, 2021 (GLOBE NEWSWIRE) -- United Fire Group, Inc. (Nasdaq: UFCS) (the "Company", "UFG", "we", or "our") announced today that its 2021 third quarter earnings results will be released before the market opens on November 4, 2021. An earnings call will be held at 9:00 a.m. central time on that date to allow securities analysts, shareholders and other interested parties the opportunity to hear management discuss the Company's 2021 third quarter results.

United Fire Group, Inc. Announces Its 2021 Third Quarter Earnings Call

CEDAR RAPIDS, Iowa, Oct. 04, 2021 (GLOBE NEWSWIRE) -- United Fire Group, Inc. (NASDAQ:UFCS) (the “Company” or “UFG”). UFG announced today that Dawn M. Jaffray, Executive Vice President and Chief Financial Officer, has resigned from UFG. Ms. Jaffray notified UFG that she has accepted an opportunity to serve as Chief Financial Officer for another company within the insurance industry.

United Fire Group, Inc. Announces Search for New CFO

United Fire Group, Inc. (UFCS) CEO Randy Ramlo on Q2 2021 Results - Earnings Call Transcript

United Fire (UFCS) delivered earnings and revenue surprises of 600.00% and -4.30%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

United Fire Group (UFCS) Q2 Earnings Surpass Estimates

Shares of United Fire Group (NASDAQ:UFCS) were unchanged after the company reported Q2 results. Quarterly Results Earnings per share were up 234.62% over the past year to $0.35, which beat the estimate of ($0.02).

United Fire Group: Q2 Earnings Insights

CEDAR RAPIDS, Iowa, Aug. 04, 2021 (GLOBE NEWSWIRE) -- United Fire Group, Inc. (Nasdaq: UFCS),

United Fire Group, Inc. Reports Second Quarter 2021 Results

United Fire Group (UFCS) May Report Negative Earnings: Know the Trend Ahead of Next Week's Release

CEDAR RAPIDS, Iowa, July 09, 2021 (GLOBE NEWSWIRE) -- United Fire Group, Inc. (Nasdaq: UFCS) (the "Company", "UFG", "we", or "our") announced today that its 2021 second quarter earnings results will be released before the market opens on August 4, 2021. An earnings call will be held at 9:00 a.m. central time on that date to allow securities analysts, shareholders and other interested parties the opportunity to hear management discuss the Company's 2021 second quarter results.

United Fire Group, Inc. Announces Its 2021 Second Quarter Earnings Call

Macerich

Virgin Galactic

Toll Brothers

American Outdoor Brands

Federal Realty Investment Trust

Paya Holdings

Paysafe

Restaurant Brands

Stocks are mixed halfway through Monday trading as we are set to finish the last trading week of June and the second quarter.

Macerich, Toll Brothers, Virgin Galactic and More Monday Afternoon Analyst Research Calls

United Fire Group, Inc. (UFCS) CEO Randy Ramlo on Q1 2021 Results - Earnings Call Transcript

Shares of United Fire Group (NASDAQ:UFCS) remained unaffected after the company reported Q1 results. Quarterly Results Earnings per share decreased 160.00% year over year to ($0.03), which missed the estimate of $0.03.

United Fire Group: Q1 Earnings Insights

CEDAR RAPIDS, Iowa, May 05, 2021 (GLOBE NEWSWIRE) -- United Fire Group, Inc. (Nasdaq: UFCS),

United Fire Group, Inc. Reports First Quarter 2021 Results

CEDAR RAPIDS, Iowa, April 30, 2021 (GLOBE NEWSWIRE) -- United Fire Group, Inc. (the "Company" or "UFG") (Nasdaq: UFCS) announced today that the first quarter 2021 results include estimated pre-tax catastrophe losses of $29 million. The higher than average catastrophe losses in the first quarter of 2021 were primarily from winter storm Uri. As previously released as an estimate on March 1, 2021, this catastrophic event was a full retention loss, with losses in excess of our stated reinsurance retention of $20.0 million.

United Fire Group, Inc. Updates Catastrophe Loss Estimates for First Quarter 2021

CEDAR RAPIDS, Iowa, April 08, 2021 (GLOBE NEWSWIRE) -- United Fire Group, Inc. (Nasdaq: UFCS) (the "Company", "UFG", "we", or "our") announced today that its 2021 first quarter earnings results will be released before the market opens on May 5, 2021. An earnings call will be held at 9:00 a.m. central time on that date to allow securities analysts, shareholders and other interested parties the opportunity to hear management discuss the Company's 2021 first quarter results.

United Fire Group, Inc. Announces Its 2021 First Quarter Earnings Call

CEDAR RAPIDS, Iowa, March 23, 2021 (GLOBE NEWSWIRE) -- United Fire Group, Inc. (Nasdaq: UFCS) ("UFG"), today announced that the Company will be participating in the Sidoti & Company Virtual Investor Conference being held on March 24 and 25, 2021. UFG's management team is scheduled to present at 3:15pm Eastern Time on Wednesday, March 24, 2021.

News for United Fire Group Stock (UFCS)