Financial Performance - Net written premium increased by 4% from $321 million to $335 million[5] - Net earned premium increased by 10% from $281 million to $308 million[5] - Net income increased by 31% and adjusted operating income increased by 27% compared to the prior year[7] - Net investment income increased by 44% to $23 million due to strong improvement in fixed maturity income[7, 5] Ratios and Book Value - The net loss ratio decreased by 2.5 points from 64% to 61.5%[5] - The underwriting expense ratio increased by 3 points from 34.9% to 37.9%[5, 13] - The underlying loss ratio improved by 2.9 points to 56.5%[7, 5, 13] - Book value per common share increased to $32.13 and adjusted book value per share increased to $34.16[7] P&C Trends - Core commercial net written premium grew 6% in Q1[13] - The catastrophe loss ratio was 5%, including 2.6 points for California wildfires[13] Investment Portfolio - Invested assets totaled $2.2 billion, with 89% in fixed income securities[20] - Fixed maturity income grew 39% due to portfolio management and reinvestment at higher yields[24, 21]

United Fire Group (UFCS) came out with quarterly earnings of $0.70 per share, beating the Zacks Consensus Estimate of $0.62 per share. This compares to earnings of $0.56 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 12.90%. A quarter ago, it was expected that this property and casualty insurance company would post earnings of $0.66 per share when it actually produced earnings of $1.25, delivering a surprise of 89.39%.Over th ...

Financial Performance - Net income for Q1 2025 increased by 31% to $17.7 million, or $0.67 per diluted share, compared to Q1 2024[2] - Adjusted operating income rose by 27% to $18.3 million, or $0.70 per diluted share, compared to the same period last year[2] - Net income for Q1 2025 was $17,700,000, an increase of 31.5% compared to $13,502,000 in Q1 2024[26] - Adjusted operating income for Q1 2025 was $18,296,000, up 26.5% from $14,452,000 in Q1 2024[26] - Total revenues for Q1 2025 were $331,115,000, reflecting a 12.0% increase from $295,999,000 in Q1 2024[33] Premiums and Underwriting - Net written premium grew by 4% to a record $335.4 million, despite unusual ceded reinsurance premium adjustments reducing growth by 3 points[3][6] - Net written premium for Q1 2025 was $335,376,000, an increase of 4.4% compared to $321,271,000 in Q1 2024[34] - Net earned premium increased to $308,411,000 in Q1 2025, a rise of 9.8% from $280,859,000 in Q1 2024[33] - Core commercial renewal premiums increased by 11.7%, with rates rising by 9.7%[4][12] Investment Income - Net investment income surged by 44% to $23.5 million, attributed to strong fixed maturity income and improved limited partnership valuations[3][13] - The company reported net investment income of $23,458,000 in Q1 2025, up 43.3% from $16,342,000 in Q1 2024[33] Loss Ratios and Expenses - The combined ratio for Q1 2025 was 99.4%, an increase of 0.5 points from 98.9%, driven by a catastrophe loss ratio of 5.0%[3][15] - The underlying loss ratio improved by 2.9 points to 56.5%, reflecting favorable rate achievement and lower frequency[15] - The underlying loss ratio for Q1 2025 was 61.5%, compared to 64.0% in Q1 2024, indicating improved operational efficiency[38] - Losses and loss settlement expenses totaled $189,696,000 in Q1 2025, compared to $179,646,000 in Q1 2024[33] - The underwriting expense ratio increased by 3.0 points to 37.9%, mainly due to non-recurring expenses related to a new policy administration system[15] Shareholder Equity and Book Value - Book value per share increased by $1.33 to $32.13 as of March 31, 2025, representing a 4.3% increase from the end of 2024[17] - Adjusted book value per share rose to $34.16 as of March 31, 2025, from $33.64 as of December 31, 2024[30] - The company’s shareholders' equity increased to $817,662,000 as of March 31, 2025, from $781,531,000 as of December 31, 2024[30] Dividends - The company declared a cash dividend of $0.16 per share, continuing its quarterly dividend payments since March 1968[18]

First quarter net income of $0.67 per diluted share and adjusted operating income of $0.70 per diluted share First quarter 2025 highlights compared to first quarter 2024, unless otherwise noted:(1) CEDAR RAPIDS, Iowa, May 06, 2025 (GLOBE NEWSWIRE) -- United Fire Group, Inc. (UFG) (Nasdaq: UFCS) today reported financial results for the three-month period ended March 31, 2025, with net income increasing 31% over the prior year to $17.7 million ($0.67 per diluted share) and adjusted operating income increasing ...

CEDAR RAPIDS, Iowa, April 23, 2025 (GLOBE NEWSWIRE) -- United Fire Group, Inc. (NASDAQ:UFCS) (UFG) announced today that its first quarter 2025 earnings results will be released after the market closes on Tuesday, May 6, 2025. An earnings call will be held on Wednesday, May 7, 2025, at 10 a.m. CT to allow securities analysts, shareholders and other interested parties the opportunity to hear management discuss the company's first quarter 2025 results. Teleconference: Dial-in information for the call is toll-f ...

Market Overview - The three major U.S. indexes, Nasdaq Composite, S&P 500, and Dow Jones Industrial Average, experienced significant declines of 9.89%, 9.58%, and 8.78% respectively last week due to President Trump's reciprocal tariff policies implemented on April 2, 2025, raising fears of a near-term recession [1] - Analysts predict a slowdown in economic growth and a rise in short-term inflation, with the core personal consumption expenditure (PCE) inflation marking a monthly gain of 0.4% in February 2025, the largest since January 2024 [2] Economic Indicators - The Institute of Supply Management (ISM) reported that manufacturing PMI contracted to 49% and services PMI to 50.8% in March, indicating a contraction in manufacturing activities [3] - Job openings fell by 194,000 to 7.568 million in February, marking the lowest level since September 2024, with the employment index declining to 46.2% in March from 53.9% in February [3] Investment Performance - PhenixFIN Corporation (PFX) shares gained 6.2% since being upgraded to Zacks Rank 1 on February 12, while United Fire Group, Inc. (UFCS) returned 5.2% since its upgrade on February 13, both outperforming the S&P 500's significant declines [4][5] - A hypothetical portfolio of Zacks Rank 1 stocks returned -3.48% in January 2025, compared to -0.60% for the S&P 500, but had a strong performance in 2024 with a return of +22.3% [5][6] Zacks Recommendations - EZCORP, Inc. (EZPW) and Palomar Holdings, Inc. (PLMR) saw share increases of 13.4% and 5% respectively since their Zacks Recommendation upgrades to Outperform [8] - The Zacks Focus List portfolio, which includes HCA Healthcare, Inc. (HCA) and Palantir Technologies Inc. (PLTR), returned +0.87% this year through February 2025, outperforming the S&P 500's -14.2% decline over the same period [11][12] Long-term Performance - The Zacks Top 10 portfolio has produced a cumulative return of +1948.35% since 2012, significantly outperforming the S&P 500's +469.98% return in the same timeframe [24]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) Iowa 45-2302834 118 Second Avenue SE Cedar Rapids Iowa 52401 FORM 10-K ☒ Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the fiscal year ended December 31, 2024 OR ☐ Transition Report Pursuant to Section 13 or 15(d) of the Sec ...

United Fire Group, Inc. (NASDAQ:UFCS) Q4 2024 Earnings Conference Call February 12, 2025 10:00 AM ET Company Participants Timothy Borst - Director of Investor Relations and Corporate Development Kevin Leidwinger - President and Chief Executive Officer Julie Stephenson - Executive Vice President and Chief Operating Officer Eric Martin - Executive Vice President and Chief Financial Officer Conference Call Participants Paul Newsome - Piper Sandler Operator Good day, and welcome to the United Fire Group, Inc. 2 ...

Financial Performance - Full year net income was $62 million, with ROE exceeding 8%[6] - Record annual net written premium exceeded $12 billion, driven by a 13% growth in the quarter[6] - The fourth quarter underlying combined ratio improved 16 points from the prior year to 928%, and the full year underlying combined ratio improved 33 points to 938%[6] - Q4 net investment income of $23 million is 21% above prior year[27] Underwriting and Losses - Underwriting profit was achieved for both the fourth quarter and the full year, benefiting from continued underlying margin improvement, neutral prior year reserve development, and below-average catastrophe losses[6] - The 2024 fourth quarter combined ratio of 944% was the best in 11 quarters, and the full year combined ratio of 992% was the best since 2015[10] - Catastrophe loss ratio was below five- and ten-year historical averages for both the fourth quarter and the full year[6] Portfolio and Investments - Book value per common share increased to $3080, and adjusted book value per share improved $195 from 2023 to $3364[6] - Invested assets totaled $21 billion in Q4, with 89% allocated to fixed income securities[24] - The fixed maturity yield was 42%, up approximately 80 basis points over the prior year[27] Premium Growth - Core Commercial growth in the fourth quarter and full year remained steady at +13% over prior year[16]

Group 1: Earnings Performance - United Fire Group (UFCS) reported quarterly earnings of $1.25 per share, exceeding the Zacks Consensus Estimate of $0.66 per share, and up from $0.65 per share a year ago, representing an earnings surprise of 89.39% [1] - The company posted revenues of $333.18 million for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 1.67%, compared to year-ago revenues of $287.32 million [2] - Over the last four quarters, United Fire has surpassed consensus EPS estimates three times and topped consensus revenue estimates four times [2] Group 2: Stock Performance and Outlook - United Fire shares have declined approximately 12.9% since the beginning of the year, while the S&P 500 has gained 3.1% [3] - The company's earnings outlook is mixed, with the current consensus EPS estimate for the coming quarter at $0.78 on revenues of $335.1 million, and $2.20 on revenues of $1.39 billion for the current fiscal year [7] - The Zacks Rank for United Fire is currently 3 (Hold), indicating that shares are expected to perform in line with the market in the near future [6] Group 3: Industry Context - The Insurance - Property and Casualty industry is currently in the top 33% of over 250 Zacks industries, suggesting a favorable outlook for stocks within this sector [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]