UFG(UFCS) - 2024 Q3 - Quarterly Results

Exhibit 99.1 United Fire Group, Inc. Reports Third Quarter 2024 Results Net income of $0.76 per diluted share and adjusted operating income of $0.81 per diluted share (1) Third quarter 2024 highlights compared to third quarter 2023: • 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 ...