United Fire Gr Q1 2024 Adj EPS $0.56 Beats $0.47 Estimate, Sales $295.999M Beat $282.300M Estimate

5/7/24 4:34:09 PM ET

Property-Casualty Insurers

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United Fire Gr (NASDAQ:UFCS) reported quarterly earnings of $0.56 per share which beat the analyst consensus estimate of $0.47 by 19.15 percent. This is a 600 percent increase over earnings of $0.08 per share from the same period last year. The company reported quarterly sales of $295.999 million which beat the analyst consensus estimate of $282.300 million by 4.85 percent. This is a 10.82 percent increase over sales of $267.104 million the same period last year.

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Recent Analyst Ratings for
$UFCS

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

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$UFCS
Financials

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United Fire Group, Inc. Declares a Common Stock Quarterly Cash Dividend of $0.16 per Share
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
11/15/24 2:00:00 PM ET
$UFCS
Property-Casualty Insurers
Finance
United Fire Group, Inc. Reports Third Quarter 2024 Results
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
11/5/24 4:01:00 PM ET
$UFCS
Property-Casualty Insurers
Finance
United Fire Group, Inc. Declares a Common Stock Quarterly Cash Dividend of $0.16 per Share
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
8/16/24 2:00:00 PM ET
$UFCS
Property-Casualty Insurers
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$UFCS
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United Fire Group, Inc. Declares a Common Stock Quarterly Cash Dividend of $0.16 per Share
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
11/15/24 2:00:00 PM ET
$UFCS
Property-Casualty Insurers
Finance
United Fire Group, Inc. Reports Third Quarter 2024 Results
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
11/5/24 4:01:00 PM ET
$UFCS
Property-Casualty Insurers
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United Fire Group, Inc. Announces Its 2024 Third Quarter Earnings Call
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
10/22/24 2:00:00 PM ET
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United Fire Group, Inc. Announces Its 2024 Third Quarter Earnings Call
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
10/22/24 2:00:00 PM ET
$UFCS
Property-Casualty Insurers
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United Fire Group, Inc. Announces Its 2024 Second Quarter Earnings Call
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
7/23/24 3:00:00 PM ET
$UFCS
Property-Casualty Insurers
Finance
United Fire Group, Inc. Reports on Annual Meeting of Shareholders
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
5/16/24 5:00:00 PM ET
$UFCS
Property-Casualty Insurers
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United Fire Gr Q1 2024 Adj EPS $0.56 Beats $0.47 Estimate, Sales $295.999M Beat $282.300M Estimate

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Recent Analyst Ratings for $UFCS

$UFCS Financials

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United Fire Group, Inc. Declares a Common Stock Quarterly Cash Dividend of $0.16 per Share

United Fire Group, Inc. Reports Third Quarter 2024 Results

United Fire Group, Inc. Declares a Common Stock Quarterly Cash Dividend of $0.16 per Share

$UFCS Press Releases

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United Fire Group, Inc. Declares a Common Stock Quarterly Cash Dividend of $0.16 per Share

United Fire Group, Inc. Reports Third Quarter 2024 Results

United Fire Group, Inc. Announces Its 2024 Third Quarter Earnings Call

$UFCS Insider Purchases

Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

Director Milligan George D bought $4,519 worth of shares (222 units at $20.34), increasing direct ownership by 0.85% to 75,800 units (SEC Form 4)

Director Foran Matthew R bought $18,450 worth of shares (1,000 units at $18.45), increasing direct ownership by 11% to 9,762 units (SEC Form 4)

Director Milligan George D bought $64,400 worth of shares (3,500 units at $18.40), increasing direct ownership by 5% to 75,159 units (SEC Form 4)

$UFCS Insider Trading

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$UFCS Market Insights

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$UFCS SEC Filings

Director Carlton Scott L sold $101,986 worth of shares (3,756 units at $27.15), decreasing direct ownership by 2% to 204,827 units (SEC Form 4)

VP - Chief Accounting Officer Vogt Adam M covered exercise/tax liability with 1,388 shares, decreasing direct ownership by 17% to 6,613 units (SEC Form 4)

New insider Vogt Adam M claimed ownership of 9,686 shares (SEC Form 3)