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

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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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United Fire (UFCS) delivered earnings and revenue surprises of 2.08% and 0.50%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

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

Third Quarter Net Loss of $0.91 per Diluted Share and Non-GAAP Adjusted Operating Loss of $0.47 per Diluted Share

United Fire Group, Inc. Reports Third Quarter 2022 Results

CEDAR RAPIDS, Iowa, Oct. 27, 2022 (GLOBE NEWSWIRE) -- United Fire Group, Inc. (the "Company" or "UFG") (Nasdaq: UFCS) announced today that its third quarter 2022 results include estimated pre-tax catastrophe losses of $27 million, representing an impact on the third quarter 2022 GAAP combined ratio of approximately 11.4 percentage points which includes estimated catastrophe losses from Hurricane Ian of approximately $14 million before taxes.

United Fire Group, Inc. Reports Estimates for Third Quarter 2022 Results

CEDAR RAPIDS, Iowa, Oct. 11, 2022 (GLOBE NEWSWIRE) -- United Fire Group, Inc. (Nasdaq: UFCS) (the "Company", "UFG", "we", or "our") announced today that its 2022 third quarter earnings results will be released after the market closes on Wednesday, November 2, 2022. An earnings call will be held on Thursday, November 3, 2022 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 third quarter results.

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

Long-term executive to step down from Cedar Rapids-based insurance company in September Long-term executive to step down from Cedar Rapids-based insurance company in September

United Fire Group Chief Operating Officer Mike Wilkins to Retire

United Fire Group, Inc. (NASDAQ:UFCS ) Q2 2022 Results Conference Call August 4, 2022 10:00 AM ET Company Participants Randy Ramlo - CEO Eric Martin - CFO Michael Wilkins - COO Conference Call Participants Marla Backer - Sidoti Operator Good morning, my name is Jordan, and I will be your conference operator today. At this time, I would like to welcome everyone to the UFG Insurance Second Quarter of 2022 Financial Results Conference Call.

United Fire Group, Inc. (UFCS) CEO Randy Ramlo on Q2 2022 Results - Earnings Call Transcript

United Fire (UFCS) delivered earnings and revenue surprises of -48.94% and 9.58%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

United Fire Group (UFCS) Lags Q2 Earnings and Revenue Estimates

CEDAR RAPIDS, Iowa, Aug. 04, 2022 (GLOBE NEWSWIRE) -- United Fire Group, Inc. (Nasdaq: UFCS),

United Fire Group, Inc. Reports Second Quarter 2022 Results

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CEDAR RAPIDS, Iowa, July 08, 2022 (GLOBE NEWSWIRE) -- United Fire Group, Inc. (Nasdaq: UFCS) (the "Company", "UFG", "we", or "our") announced today that its 2022 second quarter earnings results will be released before the market opens on August 4, 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 2022 second quarter results.

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

Insurance executive to join Cedar Rapids-based company in August 2022 Insurance executive to join Cedar Rapids-based company in August 2022

UFG names industry leader Kevin Leidwinger as its new President and CEO

United Fire is a small cap P&C insurer plagued by underwriting losses in recent years. Management's turnaround strategy is beginning to bear fruit with combined ratio < 90% for two straight quarters.

United Fire Group: Turnaround Could Lead To Re-Rate

United Fire (UFCS) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.

Strength Seen in United Fire (UFCS): Can Its 5.4% Jump Turn into More Strength?

CEDAR RAPIDS, Iowa, May 18, 2022 (GLOBE NEWSWIRE) -- Today, the Board of Directors of United Fire Group, Inc. (Nasdaq: UFCS) ("UFG") approved a dividend increase of 6.7 percent over the previous quarterly dividend and declared a common stock quarterly cash dividend of $0.16 per share. This dividend will be payable June 17, 2022 to shareholders of record as of June 3, 2022.

United Fire Group, Inc. Approves a Dividend Increase and Declares a Common Stock Quarterly Cash Dividend of $0.16 per Share

United Fire Group, Inc. (NASDAQ:UFCS ) Q1 2022 Earnings Conference Call May 5, 2022 10:00 AM ET Company Participants Randy Patten - Assistant Vice President and Corporate Controller Randy Ramlo - Chief Executive Officer Mike Wilkins - Chief Operating Officer Micah Woolstenhulme - Chief Risk Officer Conference Call Participants Marla Backer - Sidoti Paul Newsome - Piper Sandler Operator Good day and welcome to the United Fire Group Insurance 2022 First Quarter Conference Call. [Operator Instructions] Please note this event is being recorded.

United Fire Group, Inc. (UFCS) CEO Randy Ramlo on Q1 2022 Results - Earnings Call Transcript

United Fire (UFCS) delivered earnings and revenue surprises of 71.21% and 0.52%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

United Fire Group (UFCS) Q1 Earnings Top Estimates

CEDAR RAPIDS, Iowa, May 05, 2022 (GLOBE NEWSWIRE) -- United Fire Group, Inc. (Nasdaq: UFCS)

United Fire Group, Inc. Reports First Quarter 2022 Results

CEDAR RAPIDS, Iowa, April 08, 2022 (GLOBE NEWSWIRE) -- United Fire Group, Inc. (Nasdaq: UFCS) (the "Company", "UFG", "we", or "our") announced today that its 2022 first quarter earnings results will be released before the market opens on May 5, 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 2022 first quarter results.

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

CEDAR RAPIDS, Iowa, March 22, 2022 (GLOBE NEWSWIRE) -- United Fire Group, Inc. (Nasdaq: UFCS) (the "Company" or "UFG"), announced today the appointment of Eric J. Martin, age 51, as Chief Financial Officer, effective April 18, 2022. Mr. Martin brings more than 29 years of experience to UFG, including the last 21 years at Transamerica/AEGON Americas. Mr. Martin was most recently the Head of Enterprise Transformation at Transamerica (2020 to present). He also held numerous other positions at Transamerica including: Chief Operating Officer, Individual Solutions and Retail Affiliates (2019-2020); Senior Vice President ("SVP"), Controller and Head of Finance (2016-2019); President, Transamerica Business Services (2015-2016); SVP, Chief Accounting Officer (2010-2015); SVP, Director of Finance (2008-2010); VP & Controller (2005-2008); and Corporate Division Controller (2001-2005).

United Fire Group, Inc. Announces the Appointment of Eric J. Martin as Chief Financial Officer

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United Fire Group (UFCS) Now Trades Above Golden Cross: Time to Buy?

CEDAR RAPIDS, Iowa, Feb. 23, 2022 (GLOBE NEWSWIRE) -- United Fire Group, Inc. (Nasdaq: UFCS) (“UFG”) today announced the appointment of two new independent members to the Board of Directors, effective February 18, 2022. Mark Green has been appointed a Class C Director, and Matthew Foran has been appointed a Class B Director. The new directors' collective experience reflects UFG's commitment to delivering on its promise of value to shareholders, and building a culture of innovation.

UFG adds new directors to enhance board expertise and elects new company officers

Ramlo to continue in his role until a successor is named Ramlo to continue in his role until a successor is named

Randy Ramlo to retire as CEO of United Fire Group in 2022

CEDAR RAPIDS, Iowa, Feb. 18, 2022 (GLOBE NEWSWIRE) -- Today, the Board of Directors of United Fire Group, Inc. (Nasdaq: UFCS) ("UFG") declared a common stock quarterly cash dividend of $0.15 per share. This dividend will be payable March 18, 2022 to shareholders of record as of March 4, 2022.

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