---
schema_version: "secwatch.filing_event.v1"
accession: "0000101199-22-000093"
form_type: "8-K"
ticker: "UFCS"
cik: "0000101199"
company_name: "UNITED FIRE GROUP INC"
filed_at: "2022-11-02T23:59:59+00:00"
generated_at: "2026-06-22T11:28:15.642459+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# United Fire Group reports Q3 net loss of $0.91 per share; combined ratio 111.7%

## Summary
- Net loss of $23.0M ($0.91 per diluted share); adjusted operating loss of $0.47 per share.
- GAAP combined ratio of 111.7% driven by catastrophe loss ratio of 11.4% (incl. Hurricane Ian 5.7%) and unfavorable reserve development of 5.9%.
- Net premiums written up 9.1% vs Q3 2021; net premiums earned essentially flat (-0.3%).
- Book value per share fell to $27.82, down 20.6% from $35.05 at year-end 2021, mainly due to $156.1M decrease in unrealized fixed-income gains.
- Quarterly dividend maintained at $0.16 per share; declared and paid in Q3.

## SEC filing metadata
- accession: 0000101199-22-000093
- form_type: 8-K
- ticker: UFCS
- cik: 0000101199
- company_name: UNITED FIRE GROUP INC
- filed_at: 2022-11-02T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/101199/000010119922000093/0000101199-22-000093-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/101199/000010119922000093/ufcs-20221102.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000101199-22-000093
- JSON: https://secwatch.observer/filing/0000101199-22-000093.json
- Plain text: https://secwatch.observer/filing/0000101199-22-000093.txt

## Key facts
- Earnings Releases
  UNITED FIRE GROUP INC reported the quarter ended September 30, 2022 results: revenue $238,256, net income $23.0 million, EPS $0.91 per diluted share.
  - Period: the quarter ended September 30, 2022
  - Revenue: $238,256
  - Net income: $23.0 million
  - EPS: $0.91 per diluted share
  - Result: reported results
  source text: Financial Highlights (unaudited) Three Months Ended September 30, Nine Months Ended September 30, (In Thousands, Except Per Share Data) 2022 2021 2022 2021 Net premiums earned $ 238,256 $ 238,909 $ 703,746 $ 722,837 Net premiums written 247,417 226,708 749,492 720,575 Net underlying loss ratio (1) 59.3 % 61.5 % 57.5 % 65.0 % Catastrophes-effect on net loss ratio
  evidence_url: https://www.sec.gov/Archives/edgar/data/101199/000010119922000093/0000101199-22-000093-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.