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

Competitiveness


 

UFCS Sales vs. its Competitors Q1 2019



Comparing the results to its competitors, United Fire Group Inc reported Total Revenue increase in the 1 quarter 2019 by 21.83 % year on year.
The revenue growth was below United Fire Group Inc's competitors average revenue growth of 37.41 %, recorded in the same quarter.

List of UFCS Competitors

With net margin of 14.57 % company achieved higher profitability than its competitors.

More on UFCS Margin Comparisons



Revenue Growth Comparisons




Net Income Comparison


United Fire Group Inc Net Income in 1 quarter 2019 declined year on year by -2.71 %, 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 Q1 2019

Due to strong revenue growth of 21.83 % in Total United Fire Group Inc improved its market share, to approximate 0.97 %.



<<  More on UFCS Market Share.
 

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


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 1,220 1,125 26 1,057
Atlantic American Corp AAME 53 200 8 147
Ambac Financial Group, Inc. ABK 0 0 0 0
Ace Ltd ACE 0 28,994 3,758 20,000
Arch Capital Group Ltd. ACGL 14,069 5,889 1,057 2,030
Aetna Inc AET 70,069 60,705 3,503 48,800
American Financial Group Inc AFA 2,299 7,555 702 6,500
Atlas Financial Holdings, Inc. AFH 9 229 -38 214
Aflac Incorporated AFL 39,781 21,758 2,920 9,235
Amtrust Financial Services, Inc. AFSI 2,905 6,800 291 6,200
Argo Group International Holdings, Ltd. AGII 2,751 3,631 56 1,313
Aspen Insurance Holdings Ltd AHL 0 2,454 -166 1,121
American International Group Inc AIG 46,298 48,133 49 65,000
Assurant Inc AIZ 6,634 7,820 514 17,600
Allstate Corp ALL 0 41,035 2,569 38,800
American Independence Corp. AMIC 0 0 0 268
American National Insurance Co ANAT 3,110 3,647 399 4,736
Aon Plc AON 43,327 10,823 1,240 69,000
Allied World Assurance Co Holdings, Ag AWH 1,677 2,122 157 1,433
Axis Capital Holdings Ltd AXS 5,089 5,091 79 1,225
Bb&t Corporation BBT 37,411 11,072 3,264 33,400
BERKSHIRE HATHAWAY INC. BRK 0 0 0 316,000
Brown & Brown, Inc. BRO 9,069 2,132 367 7,807
Protective Insurance Corp BWINA 352 472 -37 438
Chubb Ltd CB 68,487 32,762 3,920 10,200
Cigna Corporation CI 57,441 75,216 3,101 37,200
Citizens Inc CIA 313 249 -15 620
Cincinnati Financial Corp CINF 16,418 4,531 1,013 4,305
Conifer Holdings, Inc. CNFR 34 98 -10 133
Cno Financial Group, Inc. CNO 2,668 4,329 -348 3,500
China United Insurance Service, Inc. CUII 88 81 7 2,239
Donegal Group Inc DGICA 414 797 8 14
Emc Insurance Group Inc. EMCI 781 702 26 1
Endurance Specialty Holdings Ltd. ENH 0 2,539 283 1,154
Enstar Group Ltd ESGR 3,604 1,592 194 1,327
Essent Group Ltd. ESNT 4,685 752 484 366
First Acceptance Corp FAC 34 348 -9 1,400
Fbl Financial Group Inc FFG 1,654 736 -3 1,637
Fidelity & Guaranty Life FGL 1,532 1,585 243 220
Firstmerit Corp FMER 0 956 185 4,112
Fednat Holding Co FNHC 186 404 20 297
First Trinity Financial Corp. FTFC 0 42 6 9
Global Indemnity Ltd GBLI 442 519 -43 460
Genworth Financial Inc GNW 1,638 8,519 362 5,300
Triple-s Management Corp GTS 593 2,930 60 3,257
Homeowners Of America Holding Corp HAHC 0 0 0 56
Hallmark Financial Services Inc HALL 216 404 25 411
Hci Group, Inc. HCI 347 234 14 225
Hartford Financial Services Group Inc HIG 19,379 18,955 1,801 17,500
Horace Mann Educators Corp HMN 1,740 1,209 30 1,350
Heritage Insurance Holdings, Inc. HRTG 454 486 19 247
International Bancshares Corp IBOC 2,623 574 214 2,822
Emergent Capital, Inc.. IFT 0 23 -24 32
Investors Heritage Capital Corp IHRC 49 63 1 1
Infinity Property & Casualty Corp IPCC 1,658 1,345 33 2,300
James River Group Holdings, Ltd. JRVR 1,369 881 71 367
Kansas City Life Insurance Co KCLI 382 484 30 436
Kingsway Financial Services Inc. KFS 54 192 -12 305
Kingstone Companies, Inc. KINS 103 123 -2 69
Kemper Corporation KMPR 0 3,328 292 5,600
Loews Corp L 16,207 14,242 722 17,510
Onemain Holdings, Inc. LEAF 1,006 2,346 475 11,400
Lincoln National Corp LNC 13,114 16,780 1,526 9,627
Mb Financial Inc MBFI 3,598 955 331 2,980
Mbia Inc MBI 767 139 -215 252
Mercury General Corp MCY 3,155 3,615 173 4,500
Metlife Inc MET 46,088 69,438 5,256 66,000
Midwest Holding Inc. MIDH 0 1 -6 19
Markel Corp MKL 14,283 7,738 513 10,600
National Interstate Corp NATL 0 0 0 715
Navigators Group Inc NAVG 2,090 1,527 2 675
National General Holdings Corp. NGHC 2,719 4,723 277 4,630
National Security Group Inc NSEC 33 67 3 1
National Western Life Group, Inc. NWLI 969 660 130 261
Onebeacon Insurance Group, Ltd. OB 1,734 1,242 147 1,150
Old National Bancorp ONB 2,798 726 191 2,652
Old Republic International Corporation ORI 6,772 6,560 779 8,200
Principal Financial Group Inc PFG 15,235 15,098 1,603 14,873
Progressive Corp PGR 46,977 27,947 1,898 26,501
1347 Property Insurance Holdings, Inc. PIH 35 163 -1 22
Protective Life Corporation PL 0 5,171 404 2,541
Phoenix Companies Inc PNX 0 0 0 630
Proassurance Corp PRA 2,064 844 78 938
Partnerre Ltd. PRE 0 5,590 -86 1,035
Prudential Financial Inc PRU 42,431 59,776 7,966 48,331
Rli Corp RLI 3,863 896 117 902
Safeco Corporation SAFC 0 0 0 0
Safety Insurance Group Inc SAFT 1,431 849 104 622
Stancorp Financial Group Inc SFG 0 2,860 229 2,767
Selective Insurance Group Inc SGZA 1,513 2,658 221 2,200
State National Companies, Inc. SNC 908 237 55 400
Security National Financial Corporation SNFCA 92 259 7 1,271
State Auto Financial Corp STFC 1,543 1,320 64 2,065
Symetra Financial Corporation SYA 0 2,111 210 1,400
Hanover Insurance Group, Inc. THG 5,010 4,383 446 4,800
Tiptree Inc. TIPT 0 662 5 929
Toyota Motor Credit Corporation TMCC 0 9,711 3,337 3,140
Torchmark Corp TMK 9,794 4,353 713 2,980
Trustmark Corp TRMK 2,176 587 146 2,941
Travelers Companies, Inc. TRV 39,175 30,667 2,650 30,200
United Insurance Holdings Corp. UIHC 610 746 2 119
Unico American Corp UNAM 33 32 -2 86
Unum Group UNM 7,288 11,687 531 9,500
Utg Inc UTGN 102 53 22 42
Universal Insurance Holdings, Inc. UVE 1,017 824 117 392
Voya Financial, Inc. VOYA 8,101 8,744 639 7,000
Berkley W R Corp WRB 11,931 7,737 663 7,621
White Mountains Insurance Group Ltd WTM 3,040 1,285 198 2,973
Xl Group Ltd XL 15,041 11,388 -543 4,663
Alleghany Corp Y 9,935 7,623 331 3,135
SUBTOTAL 820,186 796,699 65,122 1,089,987


             
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