UFG(UFCS) - 2024 Q1 - Earnings Call Presentation

Safe harbor statement and non-GAAP measures Non-GAAP Financial Measures 2 First quarter 2024 ▪ Net premiums written(1) of $321.3 million increased 17.6% compared to the first quarter of 2023 ▪ Underlying combined ratio of 94.3%(2) ▪ Net investment income of $16.3 million increased 28.5% compared to the first quarter of 2023 3 1) Net premiums written is a performance measure reflecting the amount charged for insurance policy contracts issued and recognized on an annualized basis at the effective date of the ...