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United Fire Group Inc  (UFCS)
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United Fire Group Inc's

Competitiveness


 

UFCS Sales vs. its Competitors Q2 2018



Comparing the results to its competitors, United Fire Group Inc reported Total Revenue decrease in the 2 quarter 2018 year on year by -4.04 %, despite revenue increase by most of its competitors of 14.59 %, recorded in the same quarter.

List of UFCS Competitors

With net margin of 0.06 % company reported lower profitability than its competitors.

More on UFCS Margin Comparisons



Revenue Growth Comparisons




Net Income Comparison


United Fire Group Inc Net Income in 2 quarter 2018 declined year on year by -94.69 %, despite income growth by most of its competitors

<<  More on UFCS Income Comparisons


United Fire Group Inc's Comment on Competitors and Industry Peers


We encounter significant competition in all lines of our life and fixed annuity business from other life insurance companies and other providers of financial services. Since our products are marketed exclusively through independent life insurance agencies that typically represent more than one company, we face competition within our agencies. Competitors include companies that market their products through agents, as well as companies that sell directly to their customers. The exact number of competitors within the industry is not known.


To attract and maintain relationships with our independent life insurance agencies, we offer competitive commission rates and other sales incentives. Our life insurance segment achieves a competitive advantage by offering products that are simple and straightforward, by providing outstanding customer service, by being accessible to our agents and customers, and by using technology in a variety of ways to assist our agents and improve the delivery of service to our policyholders.

he property and casualty insurance industry is highly competitive. We compete with numerous property and casualty insurance companies in the regional and national market, many of which are substantially larger and have considerably greater financial and other resources. Except for regulatory considerations, there are limited barriers to entry into the insurance industry. Our competitors may be domestic or foreign, as well as licensed or unlicensed. The exact number of competitors within the industry is not known. Insurers compete on the basis of reliability, financial strength and stability, ratings, underwriting consistency, service, business ethics, price, performance, capacity, policy terms and coverage conditions.
In addition, because our products are marketed exclusively through independent insurance agencies, most of which represent more than one company, we face competition within each agency and competition to retain qualified independent agents. Our competitors include companies that market their products through agents, as well as companies that sell insurance directly to their customers.





  

Total Segment Market Share Q2 2018

Total segment, revenue fell by -4.04 % and company lost market share, to approximate 0.88 %.





<<  More on UFCS Market Share.
 

*Market share is not actual measurement, only performance comparison of companies which report and operate within the same segment.

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UFCS's vs. Competition, Data

(Revenue and Income for Trailing 12 Months, in Millions of $, except Employees)



COMPANY NAME TICKER MARKET CAP REVENUES INCOME EMPLOYEES
United Fire Group Inc UFCS 1,390 1,009 74 1,057
Atlantic American Corp AAME 57 185 2 147
Ambac Financial Group, Inc. ABK 0 0 0 0
Ace Ltd ACE 0 0 0 20,000
Arch Capital Group Ltd. ACGL 12,969 5,520 873 2,030
Aetna Inc AET 70,198 61,233 3,681 48,800
American Financial Group Inc AFA 2,299 7,268 718 6,500
Atlas Financial Holdings, Inc. AFH 106 229 -38 214
Aflac Incorporated AFL 38,048 22,054 4,977 9,235
Amtrust Financial Services, Inc. AFSI 2,899 6,689 253 6,200
Argo Group International Holdings, Ltd. AGII 1,828 1,774 50 1,313
Aspen Insurance Holdings Ltd AHL 2,552 2,532 -146 1,121
American International Group Inc AIG 38,236 47,389 61 65,000
Assurant Inc AIZ 0 0 0 17,600
Allstate Corp ALL 32,712 39,815 2,252 38,800
American Independence Corp. AMIC 0 0 0 268
American National Insurance Co ANAT 3,976 3,732 622 4,736
Aon Plc AON 42,236 10,909 809 69,000
Allied World Assurance Co Holdings, Ag AWH 0 0 0 1,433
Axis Capital Holdings Ltd AXS 4,714 5,202 203 1,225
Bb&t Corporation BBT 39,641 10,929 3,119 33,400
BERKSHIRE HATHAWAY INC. BRK 0 0 0 316,000
Brown & Brown Inc BRO 4,162 1,841 270 7,807
Protective Insurance Corp BWINA 354 424 12 438
Chubb Ltd CB 62,114 33,106 5,140 10,200
Cigna Corporation CI 48,648 44,845 2,766 37,200
Citizens Inc CIA 341 246 -61 620
Cincinnati Financial Corp CINF 13,985 5,605 1,381 4,305
Conifer Holdings, Inc. CNFR 38 101 -4 133
Cno Financial Group, Inc. CNO 2,848 4,625 -414 3,500
China United Insurance Service, Inc. CUII 88 75 9 2,239
Donegal Group Inc DGICA 409 776 -21 14
Emc Insurance Group Inc. EMCI 695 693 40 1
Endurance Specialty Holdings Ltd. ENH 0 2,539 283 1,154
Enstar Group Ltd ESGR 3,906 968 71 1,327
Essent Group Ltd. ESNT 4,351 687 501 366
First Acceptance Corp FAC 34 348 -9 1,400
Fbl Financial Group Inc FFG 1,743 743 1 1,637
Fidelity & Guaranty Life FGL 1,813 1,585 243 220
Firstmerit Corp FMER 0 0 0 4,112
Fednat Holding Co FNHC 239 405 13 297
First Trinity Financial Corp. FTFC 0 38 3 9
Global Indemnity Ltd GBLI 548 510 -6 460
Genworth Financial Inc GNW 2,290 8,103 889 5,300
Triple-s Management Corp GTS 0 3,001 -14 3,257
Homeowners Of America Holding Corp HAHC 0 0 0 56
Hallmark Financial Services Inc HALL 187 392 5 411
Hci Group, Inc. HCI 429 240 38 225
Hartford Financial Services Group Inc HIG 17,690 16,974 -2,092 17,500
Horace Mann Educators Corp HMN 1,622 1,153 64 1,350
Heritage Insurance Holdings, Inc. HRTG 384 464 18 247
International Bancshares Corp IBOC 2,622 559 203 2,822
Emergent Capital, Inc.. IFT 0 23 -24 32
Investors Heritage Capital Corp IHRC 49 63 1 1
Infinity Property & Casualty Corp IPCC 1,572 1,529 55 2,300
James River Group Holdings, Ltd. JRVR 1,234 889 52 367
Kansas City Life Insurance Co KCLI 0 0 0 436
Kingsway Financial Services Inc. KFS 58 121 -15 305
Kingstone Companies, Inc. KINS 183 110 6 69
Kemper Corporation KMPR 5,332 3,328 221 5,600
Loews Corp L 14,683 14,066 706 17,510
Onemain Holdings, Inc. LEAF 1,126 2,309 447 11,400
Lincoln National Corp LNC 13,477 15,562 2,057 9,627
Mb Financial Inc MBFI 3,832 939 307 2,980
Mbia Inc MBI 879 441 -326 252
Mercury General Corp MCY 3,393 3,380 -6 4,500
Metlife Inc MET 44,860 64,969 5,445 66,000
Midwest Holding Inc. MIDH 0 3 -4 19
Markel Corp MKL 14,507 7,461 1,062 10,600
National Interstate Corp NATL 0 0 0 715
Navigators Group Inc NAVG 2,110 1,457 93 675
National General Holdings Corp. NGHC 2,780 4,449 113 4,630
National Security Group Inc NSEC 32 65 3 1
National Western Life Group, Inc. NWLI 1,082 757 135 261
Onebeacon Insurance Group, Ltd. OB 0 1,174 70 1,150
Old National Bancorp ONB 2,959 726 191 2,652
Old Republic International Corporation ORI 6,284 6,467 777 8,200
Principal Financial Group Inc PFG 14,534 14,237 1,554 14,873
Progressive Corp PGR 41,801 31,064 2,942 26,501
1347 Property Insurance Holdings, Inc. PIH 27 52 1 22
Protective Life Corporation PL 0 4,899 1,130 2,541
Phoenix Companies Inc PNX 0 0 0 630
Proassurance Corp PRA 2,400 916 89 938
Partnerre Ltd. PRE 0 5,675 264 1,035
Prudential Financial Inc PRU 39,949 62,992 4,088 48,331
Rli Corp RLI 3,148 854 142 902
Safeco Corporation SAFC 0 0 0 0
Safety Insurance Group Inc SAFT 1,371 847 76 622
Stancorp Financial Group Inc SFG 0 0 0 2,767
Selective Insurance Group Inc SGZA 1,509 2,586 179 2,200
State National Companies, Inc. SNC 908 237 55 400
Security National Financial Corporation SNFCA 87 279 31 1,271
State Auto Financial Corp STFC 0 0 0 2,065
Symetra Financial Corporation SYA 0 0 0 1,400
Hanover Insurance Group, Inc. THG 5,070 5,193 319 4,800
Tiptree Inc. TIPT 230 569 42 929
Toyota Motor Credit Corporation TMCC 0 9,653 552 3,140
Torchmark Corp TMK 9,612 4,296 1,564 2,980
Trustmark Corp TRMK 2,283 584 129 2,941
Travelers Companies, Inc. TRV 34,219 30,282 2,523 30,200
United Insurance Holdings Corp. UIHC 705 734 38 119
Unico American Corporation UNAM 31 35 -5 86
Unum Group UNM 7,954 11,557 541 9,500
Utg Inc UTGN 100 61 30 42
Universal Insurance Holdings, Inc. UVE 1,402 809 160 392
Voya Financial, Inc. VOYA 8,092 7,598 -2,248 7,000
Berkley W R Corp WRB 10,461 7,911 656 7,621
White Mountains Insurance Group Ltd WTM 2,844 -196 -12 2,973
Xl Group Ltd XL 15,194 11,595 -367 4,663
Alleghany Corp Y 9,693 7,331 917 3,135
SUBTOTAL 799,457 710,453 53,595 1,089,987


     
       
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