United Fire Group, Inc. Reports First Quarter 2024 Results
United Fire Group, Inc (UFCS)
US:NASDAQ Investor Relations:
ir.ufginsurance.com
Company Research
Source: GlobeNewswire
First Quarter Net Income of $0.52 per Diluted Share and Adjusted Operating Income of $0.56 per Diluted Share First quarter 2024 highlights: Net income of $13.5 million increased compared to the first quarter of 2023, driven by underwriting income and higher investment income.Net premiums written(1) of $321.3 million increased 17.6% compared to the first quarter of 2023.GAAP combined ratio of 98.9%, including a loss ratio of 64.0% and underwriting expense ratio of 34.9%, improved 4.5 points compared to the first quarter of 2023. Underlying combined ratio is 94.3%(2).Loss ratio components include underlying loss ratio(3) of 59.4% and catastrophe loss ratio of 4.6%, with no prior year reserve development.Net investment income of $16.3 million increased 28.5% compared to the first quarter of 2023.Book value per common share increased $0.09 to $29.13 as of March 31, 2024, compared to December 31, 2023. CEDAR RAPIDS, Iowa, May 07, 2024 (GLOBE NEWSWIRE) -- United Fire Group,
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News
- United Fire Group, Inc. Reports on Annual Meeting of Shareholders [Yahoo! Finance]Yahoo! Finance
- United Fire Group, Inc. Reports on Annual Meeting of ShareholdersGlobeNewswire
- United Fire Group, Inc. (NASDAQ: UFCS) was upgraded by analysts at StockNews.com from a "hold" rating to a "strong-buy" rating.MarketBeat
- United Fire Group, Inc. Declares a Common Stock Quarterly Cash Dividend of $0.16 per ShareGlobeNewswire
- ROCKFORD MUTUAL INSURANCE COMPANY IS NAMED ONE OF THE 2024 BEST PLACES TO WORK IN ILLINOIS [Yahoo! Finance]Yahoo! Finance
UFCS
Earnings
- 5/7/24 - Beat
UFCS
Sec Filings
- 5/20/24 - Form 4
- 5/17/24 - Form 4
- 5/17/24 - Form 4
- UFCS's page on the SEC website