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United Fire Group Inc  (UFCS)
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Price: $22.0900 $0.37 1.703%
Day's High: $22.35 Week Perf: -2.13 %
Day's Low: $ 21.79 30 Day Perf: -11.5 %
Volume (M): 293 52 Wk High: $ 28.58
Volume (M$): $ 6,481 52 Wk Avg: $22.20
Open: $21.79 52 Wk Low: $18.41



 Market Capitalization (Millions $) 565
 Shares Outstanding (Millions) 26
 Employees 1,057
 Revenues (TTM) (Millions $) 1,174
 Net Income (TTM) (Millions $) 36
 Cash Flow (TTM) (Millions $) 16
 Capital Exp. (TTM) (Millions $) 8

United Fire Group Inc

United Fire Group, Inc. and its consolidated subsidiaries and affiliates are engaged in the business of writing property and casualty insurance and life insurance and selling annuities through a network of independent agencies. Our insurance company subsidiaries are currently licensed as a property and casualty insurer in 46 states, plus the District of Columbia and as a life insurer in 37 states. United Fire & Casualty Company was incorporated in Iowa in January 1946. Our principal executive office is located at 118 Second Avenue SE, Cedar Rapids, Iowa 52401; telephone: 319-399-5700.


United Fire Group, Inc. owns 100 percent of one subsidiary, United Fire & Casualty Company. United Fire & Casualty Company owns 100 percent of eight subsidiaries: United Life Insurance Company, Addison Insurance Company, Lafayette Insurance Company, United Fire & Indemnity Company, Mercer Insurance Company, Financial Pacific Insurance Company, UFG Specialty Insurance Company (formerly known as Texas General Indemnity Company) and United Real Estate Holdings Company, LLC. Mercer Insurance Company owns 100 percent of two subsidiaries: Franklin Insurance Company and Mercer Insurance Company of New Jersey, Inc. United Fire Lloyds is an affiliate of United Fire & Indemnity Company.

We report our operations in two business segments: property and casualty insurance and life insurance. Our property and casualty insurance segment is comprised of commercial lines insurance, including surety bonds, personal lines insurance and assumed reinsurance. Our life insurance segment is comprised of deferred and immediate fixed annuities, universal life insurance products and traditional life insurance products.

Liabilities for loss and loss settlement expenses reflect managements best estimates at a given point in time of what we expect to pay for claims that have been reported and those that have been incurred but not reported ("IBNR"), based on known facts, circumstances, and historical trends.

The determination of reserves (particularly those relating to liability lines of insurance that have relatively longer lag in claim reporting) requires significant work to reasonably project expected future claim reporting and payment patterns. If, during the course of our regular monitoring of reserves, we determine that coverages previously written are incurring higher than expected losses, we will take action that may include, among other things, increasing the related reserves. Any adjustments we make to reserves are reflected in operating results in the year in which we make those adjustments. We engage an independent actuary, Regnier Consulting Group, Inc. ("Regnier"), to render an opinion as to the adequacy of our statutory reserves annually. The actuarial opinion is filed in those states where we are licensed.

On a quarterly basis, United Fires internal actuary performs a detailed actuarial review of IBNR reserves. This review includes a comparison of results from the most recent analysis of reserves completed by both our internal and external actuaries. Senior management meets with our internal actuary to review, on a regular and quarterly basis, the adequacy of carried reserves based on results from this actuarial analysis. There are two fundamental types or sources of IBNR reserves. We record IBNR reserves for "normal" types of claims and also specific IBNR reserves related to unique circumstances or events. A major hurricane is an example of an event that might necessitate establishing specific IBNR reserves because an analysis of existing historical data would not provide an appropriate estimate.



   Company Address: 118 Second Avenue SE Cedar Rapids 52401 IA
   Company Phone Number: 399-5700   Stock Exchange / Ticker: NASDAQ UFCS
   


Customers Net Income fell by UFCS's Customers Net Profit Margin fell to

-26.09 %

11.72 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
AIG   -0.72%    
BRKA   -0.72%    
HIG        0.72% 
L        1% 
PGR        3.75% 
TRV        0.66% 
• View Complete Report
   



Dividend

United Fire Group Declares Strong Dividend, Bolstering Investor Confidence

Published Fri, Feb 23 2024 9:01 PM UTC



In a recent press release, United Fire Group, Inc. announced its declaration of a common stock quarterly cash dividend of $0.16 per share, emphasizing their commitment to delivering value to shareholders. This news comes as the company's stock experienced significant gains in both the short and long term, with a notable surge in 2024. With their stock trading well ...

Management Changes

United Fire Group Inc. Employs a New Leader and Embarks on a Journey of ROI Enhancement

Published Fri, Dec 15 2023 2:00 PM UTC



In an exciting development for United Fire Group Inc. (UFG), the company has recently announced the appointment of Kelly Walsh as their new chief underwriting officer. This pivotal role change is set to take effect on December 27, 2023, and is expected to bring new insights and strategic direction to the organization. However, while UFG's return on average invested...

United Fire Group Inc

United Fire Group Inc (UFG) reports remarkable turnaround: Income per Share reaches new high, revenue surges

United Fire Group Inc (UFG) recently reported its earnings for the third quarter of 2023, showcasing a remarkable turnaround in income. The company displayed an Income per Share of $0.25 per share, a significant improvement when compared to a loss of $-0.91 per share reported a year ago. Furthermore, the EPS turned positive from the previous quarter, going up from $-2.23 per share.
One factor contributing to this positive performance is the notable increase in revenue. UFG's revenue grew admirably by 16.293%, reaching $273.96 million in the third quarter of 2023 compared to $235.57 million in the same quarter a year ago. Sequentially, the revenue increased by 2.571% from $267.09 million. This growth suggests that the company's strategies are effectively driving top-line expansion.

United Fire Group Inc

United Fire Group Inc Surpasses Expectations with Staggering 21.661% Increase in Revenue During Q2 2023



In the recently concluded fiscal period ending June 30, 2023, United Fire Group Inc (UFCS) - a Property & Casualty Insurance company - reported a remarkable 21.661% increase in revenue, amounting to $267.09 million. However, the company also experienced an increased shortfall per share at $-2.23 per share.
Improved Revenue Performance:
United Fire Group Inc outperformed its sector peers in the Property & Casualty Insurance sector, which reported a 21.53% revenue improvement during the same period. This significant increase in revenue indicates the company's ability to generate substantial income.

United Fire Group Inc

United Fire Group Inc Faces Challenging Q1 2023 with Shrinking EPS Despite Expanding Sales

United Fire Group Inc, a property and casualty insurance company, has faced a challenging first quarter in 2023, reporting shrinking EPS on expanding sales. While revenue increased by 9.016 % to $267.10 million compared to the same period in the previous year, income dropped sharply by -97.32 % to $0.03 per share. This represents a significant decrease from the previous year's EPS of $1.12, and an even bigger decline from the preceding reporting season EPS of $3.45 per share.
The company's net earnings in the first quarter of 2023 fell by -97.55 % from $28.349 million in the corresponding period a year before. Analysts have also pointed out that, excluding the $0.70 million income tax benefit, the situation for United Fire Group Inc is even more burdensome, which restrained the downturn to just -97.55 % in the fiscal first quarter of 2023.






 

United Fire Group Inc's Segments
 
 
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