United Fire Group, Inc. Reports Fourth Quarter and Full Year 2024 Results

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 ...