UFG(US:UFCS)2025-08-06 14:00Financial Performance - The company achieved a strong second quarter with net income of $23 million, or $0.87 per share, and adjusted operating income per share of $0.90[7] - Year-to-date Return on Equity (ROE) improved to 10%[7] - Net investment income increased 20% due to improved fixed maturity income[7] - Book value per share increased to $33.18, and adjusted book value per share increased to $34.93[7] Premium and Underwriting - Net written premium grew 14% to a record $373 million[7, 13] - The combined ratio was 96.4%, the best second quarter result in more than 10 years[7] - The underwriting expense ratio improved to a more normalized level of 34.9%[13] - Q2 catastrophe loss ratio of 5.5% outperformed historical averages and the quarterly plan of 8.9%[13] Portfolio and Investment - Invested assets totaled $2.2 billion, with 89% in fixed income securities[20] - Fixed maturity income increased 34% to $21 million due to portfolio management and reinvestment at higher yields[21, 24] - New purchase yield remained strong at 5.4%, supporting future shareholder returns[24]