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

AM Best has assigned a Long-Term Issue Credit Rating of "bbb-" (Good) to recently issued $70 million, 9% senior unsecured notes due May 31, 2039, of United Fire Group, Inc. (UFG) (Cedar Rapids, IA) (NASDAQ:UFCS). The outlook assigned to this Credit Rating (rating) is stable. Concurrently, AM Best has withdrawn the indicative rating on the previously forthcoming debt following confirmation that the note has been issued. The existing ratings of UFG and its insurance subsidiaries remain unchanged. UFG's adjusted financial leverage and earnings before interest, and taxes coverage are within acceptable ranges for its current ratings. AM Best notes that UFG manages its financial leverage to a

CEDAR RAPIDS, Iowa, June 03, 2024 (GLOBE NEWSWIRE) -- United Fire Group, Inc (the "Company" or "UFG") (NASDAQ:UFCS), a property and casualty insurance holding company, today announced that it has successfully completed a placement of $70 million aggregate principal senior unsecured 9.0% notes due May 31, 2039 (the "Notes") in a private offering (the "Offering") with Ares Management Credit funds as the lead investor. Proceeds from the Offering will be used to support anticipated growth and for general corporate purposes. "We are pleased with the successful execution of this capital raise," said UFG President and CEO Kevin Leidwinger. "We appreciate the investment community's support of our

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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

Third Quarter Net Income of $0.25 per Diluted Share and Adjusted Operating Income of $0.31 per Diluted Share Third quarter 2023 highlights: Net income of $6.4 million driven by increased earned premium, favorable loss and loss adjustment expense and higher investment income.Net premiums written(1) of $247.7 million increased 0.1% compared to the third quarter of 2022. Core commercial lines growth of 2.7% driven by increasing levels of rate achievement and new business.GAAP combined ratio of 102.1%, including an underlying loss ratio(2) of 60.5% and catastrophe loss ratio of 5.9%. Expense ratio was 35.5%.Underlying combined ratio of 96.0%.Net investment income of $16.5 million increased 41.

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.

Piper Sandler analyst Paul Newsome maintains United Fire Gr (NASDAQ:UFCS) with a Underweight and maintains $21 price target.

Although U.S. stocks closed lower on Thursday, there were a few notable insider trades. When insiders purchase shares, it indicates their confidence in the company's prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision. Below is a look at a few recent notable insider purchases. For more, check out Benzinga's insider transactions platform. Deluxe The Trade: Deluxe Corporation (NYSE:DLX) President and CEO Barry C McCarthy acquired a total of 2,666 shares an aver

According to Benzinga Pro following are the gainers and losers in Insurance industry for today's Intraday session. Gainers Marpai (NASDAQ:MRAI) shares increased by 8.84% to $2.46 during Wednesday's regular session. The current volume of 439.7K shares is 0% of Marpai's average full-day volume over the last 100 days (last updated at 13:40 EST). The market value of their outstanding shares is at $23.2 million. Abacus Life (NASDAQ:ABL) shares rose 8.52% to $12.1. The current volume of 11.5K shares is 0% of Abacus Life's average full-day volume over the last 100 days (last updated at 13:40 EST). The market value of their outstanding shares is at $715.8 million. Cheche Group (NASDAQ:CCG) stock

According to Benzinga Pro following are the gainers and losers in Insurance industry for today's Intraday session. Gainers Huize Holding (NASDAQ:HUIZ) shares rose 15.85% to $0.76 during Tuesday's regular session. Huize Holding's stock is trading at a volume of 86.0K shares as of 13:40 EST. This is 0% of its average full-day volume over the last 100 days. The company's market cap stands at $33.2 million. Marpai (NASDAQ:MRAI) stock rose 12.27% to $2.2. As of 13:40 EST, Marpai's stock is trading at a volume of 639.4K, which is 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $20.6 million. Universal Insurance Hldgs (NYSE:UVE) stock

Wednesday marks the last chance for investors to receive the next dividend payout from United Fire Gr (NASDAQ:UFCS). What's Happening The company announced on Friday that it would pay shareholders a quarterly dividend of 16 cents per share. On Thursday, United Fire Gr will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 16 cents lower than it would have opened on any other day. In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Thursday. Shareholders who own UFCS as of the end of Wednesday's session are eligible to receive the 16 cents divi

Shares of Sony Group Corporation (NYSE:SONY) fell during Wednesday’s session after the company reported third-quarter financial results and revised guidance above estimates and shared plans to list its financial arm in October 2025. Sony Group reported third-quarter FY23 sales growth of 22% year-on-year to $25.34 billion (¥3.75 trillion), beating the consensus of $24.62 billion. Adjusted EPS of $1.99 beat the consensus of $1.65. Sony revised its FY23 sales outlook to $86.62 billion (¥12.4 trillion), down from a prior forecast of ¥12.3 trillion versus the consensus of $87.32 billion. Sony Group shares fell 6.3% to $89.86 on Wednesday. Here are some other stocks moving in today's mid-day

U.S. stocks were higher, with the Dow Jones index gaining more than 100 points on Wednesday. Shares of Charles River Laboratories International, Inc. (NYSE:CRL) rose sharply during Wednesday’s session after the company reported better-than-expected fourth-quarter results and issued guidance above estimates. Charles River posted adjusted earnings of $2.46 per share, beating market estimates of $2.40 per share. The company’s quarterly sales came in at $1.01 billion versus expectations of $991.25 million. Charles River Laboratories International, Inc. (NYSE:CRL) rose 7.2% to $236.00 on Wednesday. Here are some other big stocks recording gains in today’s session. Lyft, Inc. (NASDAQ:LYFT)

United Fire Gr (NASDAQ:UFCS) reported its Q4 earnings results on Tuesday, February 13, 2024 at 04:01 PM. Here's what investors need to know about the announcement. Earnings United Fire Gr beat estimated earnings by 18.18%, reporting an EPS of $0.65 versus an estimate of $0.55. Revenue was up $7.16 million from the same period last year. Past Earnings Performance Last quarter the company beat on EPS by $0.31 which was followed by a 3.77% drop in the share price the next day. Here's a look at United Fire Gr's past performance: Quarter Q3 2023 Q2 2023 Q1 2023 Q4 2022 EPS Estimate 0 -2.27 0.56 0.55 EPS Actual 0.31 -2.27 0.08 0.18 Revenue Estimate 275.10M 266.80M 258.60M 254.60M Reve