---
schema_version: "secwatch.filing_event.v1"
accession: "0000101199-23-000033"
form_type: "8-K"
ticker: "UFCS"
cik: "0000101199"
company_name: "UNITED FIRE GROUP INC"
filed_at: "2023-05-08T23:59:59+00:00"
generated_at: "2026-06-15T11:48:42.128596+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# United Fire Group Q1 net income $0.7M ($0.03 EPS); combined ratio 104.0% vs 89.5% YoY

## Summary
- Net income $0.7M ($0.03 diluted EPS); adjusted operating income $2.1M ($0.08 diluted) vs $28.7M ($1.13) YoY.
- Net premiums written $273.3M, up 13.4%; core commercial lines grew 9.6%.
- GAAP combined ratio 104.0% (vs 89.5%), driven by underlying loss ratio 63.5% (+6 pts) and expense ratio 35.8% (+2 pts).
- Catastrophe loss ratio 4.6% (+2.0 pts); net investment income $12.7M, up 12.8%.
- Book value per share $29.80 (+1.5% from Dec 2022); quarterly dividend $0.16 declared.

## SEC filing metadata
- accession: 0000101199-23-000033
- form_type: 8-K
- ticker: UFCS
- cik: 0000101199
- company_name: UNITED FIRE GROUP INC
- filed_at: 2023-05-08T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/101199/000010119923000033/0000101199-23-000033-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/101199/000010119923000033/ufcs-20230508.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000101199-23-000033
- JSON: https://secwatch.observer/filing/0000101199-23-000033.json
- Plain text: https://secwatch.observer/filing/0000101199-23-000033.txt

## Key facts
- Earnings Releases
  UNITED FIRE GROUP INC reported the quarter ended March 31, 2023 results: net income $0.7 million ($0.03 per diluted share), EPS $0.03 per diluted share.
  - Period: the quarter ended March 31, 2023
  - Net income: $0.7 million ($0.03 per diluted share)
  - EPS: $0.03 per diluted share
  - Result: reported results
  source text: On May 8, 2023, United Fire Group, Inc. issued a press release announcing its financial results for the quarter ended March 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/101199/000010119923000033/0000101199-23-000033-index.htm

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