United Fire Group, Inc., together with its subsidiaries, provides property and casualty insurance for individuals and businesses in the United States. The company offers commercial and personal lines of property and casualty insurance; and commercial multiple peril and inland marine insurance, as well as assumed reinsurance products. Its commercial policies include fire and allied lines, other liability, automobile, workers' compensation, and fidelity and surety coverage; and personal lines comprise automobile, and fire and allied lines coverage, including homeowners. The company sells its products through a network of independent agencies. United Fire Group, Inc. was founded in 1946 and is headquartered in Cedar Rapids, Iowa.
IPO Year:
Exchange: NASDAQ
Website: ufginsurance.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/18/2024 | $19.00 → $26.00 | Underweight → Neutral | Piper Sandler |
| 2/13/2023 | $30.00 → $25.00 | Neutral → Underweight | Piper Sandler |
| 10/28/2022 | $37.00 → $31.00 | Overweight → Neutral | Piper Sandler |
| 8/5/2022 | $37.00 | Neutral → Overweight | Piper Sandler |
| 6/27/2022 | $37.00 | Overweight → Neutral | Piper Sandler |
| 12/1/2021 | $22.00 → $25.00 | Neutral → Overweight | Piper Sandler |
| 6/28/2021 | $38.00 | Neutral → Buy | Sidoti |
Fourth quarter net income of $1.21 per diluted share and adjusted operating income of $1.25 per diluted share; full year net income of $2.39 per diluted share and adjusted operating income of $2.56 per diluted share Fourth quarter 2024 highlights compared to fourth quarter 2023:(1) Net income increased from $19.6 million to $31.4 million.Net investment income increased 21.2% to $23.2 million.Combined ratio improved 4.8 points to 94.4%; composed of an underlying loss ratio of 55.7%, catastrophe loss ratio of 1.6%, no prior year reserve development, and underwriting expense ratio of 37.1%.Underlying combined ratio improved 1.6 points to 92.8%.Net written premiums(2) increased 13% to $278
CEDAR RAPIDS, Iowa, Nov. 15, 2024 (GLOBE NEWSWIRE) -- Today, the Board of Directors of United Fire Group, Inc. ("UFG") (NASDAQ:UFCS) declared a common stock quarterly cash dividend of $0.16 per share. This dividend will be payable December 13, 2024 to shareholders of record as of November 29, 2024. UFG has a long history of paying quarterly dividends, with the quarterly cash dividend declared today marking the 227th consecutive quarterly dividend paid, dating back to March 1968. About UFG Founded in 1946 as United Fire & Casualty Company, UFG, through its insurance company subsidiaries, is engaged in the business of writing property and casualty insurance. Through our subsidiaries, we
Third quarter 2024 highlights compared to third quarter 2023:(1) Net income increased from $6.4 million to $19.7 million.Net investment income increased 49% to $24.5 million.GAAP combined ratio improved 3.8 points to 98.2%; composed of an underlying loss ratio of 57.9%, catastrophe loss ratio of 4.4%, no prior year reserve development, and underwriting expense ratio of 35.9%.The underlying combined ratio improved 2.1 points to 93.8%.Net premiums written(2) increased 23% to $305.6 million.Book value per common share increased $1.97 to $31.01 as of September 30, 2024, compared to December 31, 2023.Adjusted book value per share excluding net after-tax unrealized gains and losses of $32.42 as o
CEDAR RAPIDS, Iowa, Aug. 16, 2024 (GLOBE NEWSWIRE) -- Today, the Board of Directors of United Fire Group, Inc. (NASDAQ:UFCS) ("UFG") declared a common stock quarterly cash dividend of $0.16 per share. This dividend will be payable September 13, 2024 to shareholders of record as of August 30, 2024. UFG has a long history of paying quarterly dividends, with the quarterly cash dividend declared today marking the 226th consecutive quarterly dividend paid, dating back to March 1968. About UFG Founded in 1946 as United Fire & Casualty Company, UFG, through its insurance company subsidiaries, is engaged in the business of writing property and casualty insurance. Through our subsidiaries, we a
Second Quarter Net Loss of $0.11 per Diluted Share and Adjusted Operating Loss of $0.07 per Diluted Share Second quarter 2024 highlights: Net loss of $2.7 million includes a $3.2 million pre-tax charge for an estimated contingent liability related to rating errors.Net premiums written(1) increased 9.0% to $326.1 million compared to the second quarter of 2023.Net investment income increased 59.2% to $18.0 million compared to the second quarter of 2023.GAAP combined ratio of 105.6% improved 27.4 points compared to the second quarter of 2023; comprised of an underlying loss ratio(2) of 58.9%, catastrophe loss ratio of 11.2%, no prior year reserve development, and underwriting expense ratio of
CEDAR RAPIDS, IOWA , May 15, 2024 (GLOBE NEWSWIRE) -- Today, the Board of Directors of United Fire Group, Inc. (NASDAQ:UFCS) ("UFG") declared a common stock quarterly cash dividend of $0.16 per share. This dividend will be payable June 14, 2024 to shareholders of record as of May 31, 2024. UFG has a long history of paying quarterly dividends, with the quarterly cash dividend declared today marking the 225th consecutive quarterly dividend paid, dating back to March 1968. About UFG Founded in 1946 as United Fire & Casualty Company, UFG, through its insurance company subsidiaries, is engaged in the business of writing property and casualty insurance. Through our subsidiaries, we a
First Quarter Net Income of $0.52 per Diluted Share and Adjusted Operating Income of $0.56 per Diluted Share First quarter 2024 highlights: Net income of $13.5 million increased compared to the first quarter of 2023, driven by underwriting income and higher investment income.Net premiums written(1) of $321.3 million increased 17.6% compared to the first quarter of 2023.GAAP combined ratio of 98.9%, including a loss ratio of 64.0% and underwriting expense ratio of 34.9%, improved 4.5 points compared to the first quarter of 2023. Underlying combined ratio is 94.3%(2).Loss ratio components include underlying loss ratio(3) of 59.4% and catastrophe loss ratio of 4.6%, with no prior year
CEDAR RAPIDS, Iowa, Feb. 23, 2024 (GLOBE NEWSWIRE) -- Today, the Board of Directors of United Fire Group, Inc. (NASDAQ:UFCS) ("UFG") declared a common stock quarterly cash dividend of $0.16 per share. This dividend will be payable March 22, 2024 to shareholders of record as of March 8, 2024. UFG has a long history of paying quarterly dividends, with the quarterly cash dividend declared today marking the 224th consecutive quarterly dividend paid, dating back to March 1968. About UFG Founded in 1946 as United Fire & Casualty Company, UFG, through its insurance company subsidiaries, is engaged in the business of writing property and casualty insurance. Through our subsidiaries, we are lic
Fourth Quarter Net Income of $0.77 per Diluted Share and Adjusted Operating Income of $0.65 per Diluted Share Full Year Net Loss of $1.18 per Diluted Share and Adjusted Operating Loss of $1.22 per Diluted Share Fourth quarter 2023 highlights: Net income of $19.6 million driven by increased underwriting income and higher investment income.Net premiums written(1) of $246.8 million increased 5.2% compared to the fourth quarter of 2022.GAAP combined ratio of 99.2%, including a loss ratio of 64.8% and underwriting expense ratio of 34.4%. Underlying combined ratio of 94.4%(2).Loss ratio components include underlying loss ratio(3) of 60.0%, catastr
CEDAR RAPIDS, Iowa, Nov. 17, 2023 (GLOBE NEWSWIRE) -- Today, the Board of Directors of United Fire Group, Inc. (NASDAQ:UFCS) ("UFG") declared a common stock quarterly cash dividend of $0.16 per share. This dividend will be payable December 15, 2023 to shareholders of record as of December 1, 2023. UFG has a long history of paying quarterly dividends, with the quarterly cash dividend declared today marking the 223rd consecutive quarterly dividend paid, dating back to March 1968. About UFG Founded in 1946 as United Fire & Casualty Company, UFG, through its insurance company subsidiaries, is engaged in the business of writing property and casualty insurance. Through our subsidiaries, we a
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Fourth quarter net income of $1.21 per diluted share and adjusted operating income of $1.25 per diluted share; full year net income of $2.39 per diluted share and adjusted operating income of $2.56 per diluted share Fourth quarter 2024 highlights compared to fourth quarter 2023:(1) Net income increased from $19.6 million to $31.4 million.Net investment income increased 21.2% to $23.2 million.Combined ratio improved 4.8 points to 94.4%; composed of an underlying loss ratio of 55.7%, catastrophe loss ratio of 1.6%, no prior year reserve development, and underwriting expense ratio of 37.1%.Underlying combined ratio improved 1.6 points to 92.8%.Net written premiums(2) increased 13% to $278
CEDAR RAPIDS, Iowa, Jan. 29, 2025 (GLOBE NEWSWIRE) -- United Fire Group, Inc. (NASDAQ:UFCS) (the "Company", "UFG", "we", or "our") announced today that its 2024 fourth quarter earnings results will be released after the market closes on Tuesday, February 11, 2025. An earnings call will be held on Wednesday, February 12, 2025 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 2024 fourth quarter results. Teleconference: Dial-in information for the call is toll-free 1-844-492-3723 (international 1-412-542-4184). Participants should request to join the United Fire Group call. The event wil
CEDAR RAPIDS, Iowa, Nov. 15, 2024 (GLOBE NEWSWIRE) -- Today, the Board of Directors of United Fire Group, Inc. ("UFG") (NASDAQ:UFCS) declared a common stock quarterly cash dividend of $0.16 per share. This dividend will be payable December 13, 2024 to shareholders of record as of November 29, 2024. UFG has a long history of paying quarterly dividends, with the quarterly cash dividend declared today marking the 227th consecutive quarterly dividend paid, dating back to March 1968. About UFG Founded in 1946 as United Fire & Casualty Company, UFG, through its insurance company subsidiaries, is engaged in the business of writing property and casualty insurance. Through our subsidiaries, we
Third quarter 2024 highlights compared to third quarter 2023:(1) Net income increased from $6.4 million to $19.7 million.Net investment income increased 49% to $24.5 million.GAAP combined ratio improved 3.8 points to 98.2%; composed of an underlying loss ratio of 57.9%, catastrophe loss ratio of 4.4%, no prior year reserve development, and underwriting expense ratio of 35.9%.The underlying combined ratio improved 2.1 points to 93.8%.Net premiums written(2) increased 23% to $305.6 million.Book value per common share increased $1.97 to $31.01 as of September 30, 2024, compared to December 31, 2023.Adjusted book value per share excluding net after-tax unrealized gains and losses of $32.42 as o
CEDAR RAPIDS, Iowa, Oct. 22, 2024 (GLOBE NEWSWIRE) -- United Fire Group, Inc. (NASDAQ:UFCS) (the "Company", "UFG", "we", or "our") announced today that its 2024 third quarter earnings results will be released after the market closes on Tuesday, November 5, 2024. An earnings call will be held on Wednesday, November 6, 2024 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 2024 third quarter results. Teleconference: Dial-in information for the call is toll-free 1-844-492-3723 (international 1-412-542-4184). Participants should request to join the United Fire Group call. The event will be
CEDAR RAPIDS, Iowa, Aug. 16, 2024 (GLOBE NEWSWIRE) -- Today, the Board of Directors of United Fire Group, Inc. (NASDAQ:UFCS) ("UFG") declared a common stock quarterly cash dividend of $0.16 per share. This dividend will be payable September 13, 2024 to shareholders of record as of August 30, 2024. UFG has a long history of paying quarterly dividends, with the quarterly cash dividend declared today marking the 226th consecutive quarterly dividend paid, dating back to March 1968. About UFG Founded in 1946 as United Fire & Casualty Company, UFG, through its insurance company subsidiaries, is engaged in the business of writing property and casualty insurance. Through our subsidiaries, we a
AM Best has affirmed the Financial Strength Rating (FSR) of A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of "a-" (Excellent) of the property/casualty (P/C) subsidiaries of United Fire Group, Inc. (UFG) (NASDAQ:UFCS) (collectively known as United Fire & Casualty Group), which operate under an intercompany pooling agreement led by United Fire & Casualty Company. Concurrently, AM Best has affirmed the Long-Term ICR of "bbb-" (Good) of UFG as well as the Long-Term Issue Credit Rating of "bbb-" (Good) on UFG's $70.0 million, 9% senior unsecured notes due 2039. The outlook of these Credit Ratings (ratings) is stable. All companies are headquartered in Cedar Rapids, IA. (
Second Quarter Net Loss of $0.11 per Diluted Share and Adjusted Operating Loss of $0.07 per Diluted Share Second quarter 2024 highlights: Net loss of $2.7 million includes a $3.2 million pre-tax charge for an estimated contingent liability related to rating errors.Net premiums written(1) increased 9.0% to $326.1 million compared to the second quarter of 2023.Net investment income increased 59.2% to $18.0 million compared to the second quarter of 2023.GAAP combined ratio of 105.6% improved 27.4 points compared to the second quarter of 2023; comprised of an underlying loss ratio(2) of 58.9%, catastrophe loss ratio of 11.2%, no prior year reserve development, and underwriting expense ratio of
The first of its kind in Central Texas, the new UFCU Mobile Branch takes financial products, services, education, and community support to underbanked communities. AUSTIN, Texas, Aug. 5, 2024 /PRNewswire/ -- Today, UFCU (University Federal Credit Union) kicks off its "Howdy Tour" and launches its innovative new Mobile Branch, the first of its kind in Central Texas. The UFCU Mobile Branch is focused on increasing access in traditionally underbanked communities. A component of the company's ongoing efforts to provide access to capital, education, and resources, the UFCU Mobile
CEDAR RAPIDS, Iowa, July 23, 2024 (GLOBE NEWSWIRE) -- United Fire Group, Inc. (NASDAQ:UFCS) (the "Company", "UFG", "we", or "our") announced today that its 2024 second quarter earnings results will be released after the market closes on Tuesday, August 6, 2024. An earnings call will be held on Wednesday, August 7, 2024 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 2024 second quarter results. Teleconference: Dial-in information for the call is toll-free 1-844-492-3723 (international 1-412-542-4184). Participants should request to join the United Fire Group call. The event will be
CEDAR RAPIDS, Iowa, Jan. 29, 2025 (GLOBE NEWSWIRE) -- United Fire Group, Inc. (NASDAQ:UFCS) (the "Company", "UFG", "we", or "our") announced today that its 2024 fourth quarter earnings results will be released after the market closes on Tuesday, February 11, 2025. An earnings call will be held on Wednesday, February 12, 2025 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 2024 fourth quarter results. Teleconference: Dial-in information for the call is toll-free 1-844-492-3723 (international 1-412-542-4184). Participants should request to join the United Fire Group call. The event wil
CEDAR RAPIDS, Iowa, Oct. 22, 2024 (GLOBE NEWSWIRE) -- United Fire Group, Inc. (NASDAQ:UFCS) (the "Company", "UFG", "we", or "our") announced today that its 2024 third quarter earnings results will be released after the market closes on Tuesday, November 5, 2024. An earnings call will be held on Wednesday, November 6, 2024 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 2024 third quarter results. Teleconference: Dial-in information for the call is toll-free 1-844-492-3723 (international 1-412-542-4184). Participants should request to join the United Fire Group call. The event will be
CEDAR RAPIDS, Iowa, July 23, 2024 (GLOBE NEWSWIRE) -- United Fire Group, Inc. (NASDAQ:UFCS) (the "Company", "UFG", "we", or "our") announced today that its 2024 second quarter earnings results will be released after the market closes on Tuesday, August 6, 2024. An earnings call will be held on Wednesday, August 7, 2024 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 2024 second quarter results. Teleconference: Dial-in information for the call is toll-free 1-844-492-3723 (international 1-412-542-4184). Participants should request to join the United Fire Group call. The event will be
Director Elections to the Board of Directors Announced Director Elections to the Board of Directors CEDAR RAPIDS, Iowa, May 16, 2024 (GLOBE NEWSWIRE) -- United Fire Group, Inc. (NASDAQ:UFCS) (the "Company" or "UFG") announced today that its shareholders elected four Class C Directors to our 11-member board of directors at the 2024 Annual Meeting of Shareholders held on May 15, 2024. The following individuals were each elected as Class C Directors to serve three-year terms expiring in 2027. Mark A. Green, Operating Partner at Vistria Group;Christopher R. Drahozal, Professor of Law at the University of Kansas Law School;Lura E. McBride, President and Chief Executive Officer of Van Meter
CEDAR RAPIDS, Iowa, April 19, 2024 (GLOBE NEWSWIRE) -- United Fire Group, Inc. (NASDAQ:UFCS) (the "Company", "UFG", "we", or "our") announced today that its 2024 first quarter earnings results will be released after the market closes on Tuesday, May 7, 2024. An earnings call will be held on Wednesday, May 8, 2024 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 2024 first quarter results. Teleconference: Dial-in information for the call is toll-free 1-844-492-3723 (international 1-412-542-4184). Participants should request to join the United Fire Group call. The event will be archived
CEDAR RAPIDS, Iowa, Jan. 30, 2024 (GLOBE NEWSWIRE) -- United Fire Group, Inc. (NASDAQ:UFCS) (the "Company", "UFG", "we", or "our") announced today that its 2023 fourth quarter earnings results will be released after the market closes on Tuesday, February 13, 2024. An earnings call will be held on Wednesday, February 14, 2024 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 2023 fourth quarter results. Teleconference: Dial-in information for the call is toll-free 1-844-492-3723 (international 1-412-542-4184). Participants should request to join the United Fire Group call. The event wil
CEDAR RAPIDS, Iowa, Dec. 15, 2023 (GLOBE NEWSWIRE) -- United Fire Group Inc. (NASDAQ:UFCS) (UFG) is pleased to announce the appointment of Kelly Walsh as chief underwriting officer, effective December 27, 2023. As chief underwriting officer, Walsh will lead all underwriting functions at UFG, maintaining full profit and loss and strategic accountability across all lines of business, applying a high level of underwriting governance and rigor to each business unit. Walsh has over two decades of insurance industry experience and began her career as an actuary in 2001. She transitioned to underwriting in 2005 and held a variety of leadership positions, most recently serving as senior vice pre
CEDAR RAPIDS, Iowa, Oct. 12, 2023 (GLOBE NEWSWIRE) -- United Fire Group, Inc. (NASDAQ:UFCS) (the "Company", "UFG", "we", or "our") announced today that its 2023 third quarter earnings results will be released after the market closes on Wednesday, November 1, 2023. An earnings call will be held on Thursday, November 2, 2023 at 11:00 a.m. central time to allow securities analysts, shareholders and other interested parties the opportunity to hear management discuss the Company's 2023 third quarter results. Teleconference: Dial-in information for the call is toll-free 1-844-492-3723 (international 1-412-542-4184). Participants should request to join the United Fire Group call. The event will
Director Elections to the Board of Directors AnnouncedNew Officer Elections Announced Director Elections to the Board of Directors CEDAR RAPIDS, Iowa, May 18, 2023 (GLOBE NEWSWIRE) -- United Fire Group, Inc. (NASDAQ:UFCS) (the "Company" or "UFG") announced today that shareholders elected four Class A Directors to our now 11-member board of directors at the 2023 Annual Meeting of Shareholders held on May 17, 2023. The following individuals were each elected as Class A Directors to serve three-year terms expiring in 2026. Scott L. Carlton, President of Tokai Carbon GE LLC;Brenda K. Clancy, former Global Chief Technology Officer for AEGON N.V.;Kevin J. Leidwinger, President and Ch
CEDAR RAPIDS, Iowa, Jan. 05, 2023 (GLOBE NEWSWIRE) -- United Fire Group Inc. (NASDAQ:UFCS) ("UFG") is pleased to announce the appointment of Julie Stephenson as its new executive vice president and chief operating officer ("COO"), effective January 30, 2023. She succeeds the company's longtime COO Michael Wilkins, who retired from UFG at the end of September. Stephenson has over 25 years of experience in the insurance industry, most recently serving as global head of casualty reinsurance at Swiss Re. Prior to joining Swiss Re in 2021, she held the positions of chief operating officer-middle market and commercial chief underwriting officer at CNA Insurance and global liability manager for
Piper Sandler upgraded United Fire Group from Underweight to Neutral and set a new price target of $26.00 from $19.00 previously
Piper Sandler downgraded United Fire Group from Neutral to Underweight and set a new price target of $25.00 from $30.00 previously
Piper Sandler downgraded United Fire Group from Overweight to Neutral and set a new price target of $31.00 from $37.00 previously
Piper Sandler upgraded United Fire Group from Neutral to Overweight and set a new price target of $37.00
Piper Sandler downgraded United Fire Group from Overweight to Neutral and set a new price target of $37.00
Piper Sandler upgraded United Fire Group from Neutral to Overweight and set a new price target of $25.00 from $22.00 previously
Sidoti upgraded United Fire Group from Neutral to Buy and set a new price target of $38.00
8-K - UNITED FIRE GROUP INC (0000101199) (Filer)
8-K - UNITED FIRE GROUP INC (0000101199) (Filer)
8-K - UNITED FIRE GROUP INC (0000101199) (Filer)
10-Q - UNITED FIRE GROUP INC (0000101199) (Filer)
8-K - UNITED FIRE GROUP INC (0000101199) (Filer)
8-K - UNITED FIRE GROUP INC (0000101199) (Filer)
8-K - UNITED FIRE GROUP INC (0000101199) (Filer)
10-Q - UNITED FIRE GROUP INC (0000101199) (Filer)
8-K - UNITED FIRE GROUP INC (0000101199) (Filer)
8-K - UNITED FIRE GROUP INC (0000101199) (Filer)
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