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

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Earnings data Q4 2021

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Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

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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.

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United Fire Group, Inc. (UFCS) CEO Randy Ramlo on Q4 2019 Results - Earnings Call Transcript

CEDAR RAPIDS, Iowa, Nov.  15, 2019  (GLOBE NEWSWIRE) -- Today, the Board of Directors of United Fire Group, Inc. (Nasdaq: UFCS) ("UFG") declared a common stock quarterly cash dividend of $0.33 per share. This dividend will be payable December 13, 2019, to shareholders of record as of November 29, 2019.

United Fire Group, Inc. (UFCS) Declares a Common Stock Quarterly Cash Dividend of $0.33 per Share

United Fire Group, Inc. (UFCS) CEO Randy Ramlo on Q3 2019 Results - Earnings Call Transcript

CEDAR RAPIDS, Iowa, Oct.  09, 2019  (GLOBE NEWSWIRE) -- United Fire Group, Inc. (Nasdaq: UFCS) (the "Company", "UFG", "we", or "our") announced today that its 2019 third quarter earnings results will be released before the market opens on November 6, 2019. 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 2019 third quarter results.

United Fire Group, Inc. Announces Its 2019 Third Quarter Earnings Call

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United Fire Group, Inc. (UFCS) CEO Randy Ramlo on Q2 2019 Results - Earnings Call Transcript

United Fire Group, Inc. (UFCS) CEO Randy Ramlo on Q1 2019 Results - Earnings Call Transcript

News for United Fire Group Stock (UFCS)