United Fire Group estimates Q3 pre-tax catastrophe losses of $27M, expects net loss of $0.89-$0.93 per share

UNITED FIRE GROUP INC

2022-Q3 EPS reported -$0.20 revenue$700,123,000

Estimated pre-tax catastrophe losses of $27M in Q3 2022, of which ~$14M from Hurricane Ian.
GAAP combined ratio estimated between 110% and 114% for Q3 2022.
Net loss per diluted share estimated in range of $0.89 to $0.93; adjusted operating loss per share of $0.45 to $0.49.
Management cites rising inflation and volatile financial markets as additional challenges beyond catastrophe losses.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

UNITED FIRE GROUP INC reported third quarter 2022 results: net income net loss in the range of $0.89 to $0.93 per diluted share.

Period: third quarter 2022
Net income: net loss in the range of $0.89 to $0.93 per diluted share
Result: preliminary results

Exact text from the filing

On October 27, 2022, United Fire Group, Inc. issued a press release announcing certain estimates of its financial results for the third quarter of 2022.

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Source: SEC EDGAR

accession 0000101199-22-000089

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