United Fire Group Q4 net income $0.79 per share; written premiums up 6.3%

UNITED FIRE GROUP INC

2024-FY EPS reported $0.59 revenue$980,286,000

Net income of $20.1M ($0.79 diluted EPS) in Q4; adjusted operating EPS of $0.18.
Net premiums written increased 6.3% YoY to $234.7M; full-year up 4.6% to $984.2M.
GAAP combined ratio of 103.6% in Q4, driven by catastrophe losses of 4.9% and unfavorable reserve development of 4.9%.
Full-year underlying loss ratio improved to 59.2%, lowest in 10 years; expense ratio 34.4%.
Book value per share $29.36, up 5.5% from Q3; quarterly dividend $0.16 per share.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

UNITED FIRE GROUP INC reported financial results for the quarter and year ended December 31, 2022.

Period: the quarter and year ended December 31, 2022
Result: reported results

Exact text from the filing

On February 15, 2023, United Fire Group, Inc. issued a press release announcing its financial results for the quarter and year ended December 31, 2022.

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Source: SEC EDGAR

accession 0000101199-23-000015

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