---
schema_version: "secwatch.filing_event.v1"
accession: "0000101199-23-000061"
form_type: "8-K"
ticker: "UFCS"
cik: "0000101199"
company_name: "UNITED FIRE GROUP INC"
filed_at: "2023-08-07T23:59:59+00:00"
generated_at: "2026-06-12T03:37:56.344067+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# United Fire Q2 net loss $56.4M; combined ratio 132.9% on reserve strengthening

## Summary
- Net loss of $56.4M ($2.23 per diluted share); adjusted operating loss of $2.27 per share.
- Net premiums written up 14.6% to $299.1M; core commercial lines growth 10.1%.
- GAAP combined ratio 132.9% driven by 20.8 pts prior-period reserve strengthening and 13.0 pts catastrophe losses.
- Underlying combined ratio 99.1%; expense ratio improved to 34.5% from 35.2%.
- Book value per share fell 8.8% to $26.77; net investment income rose 23.4% to $11.3M.

## SEC filing metadata
- accession: 0000101199-23-000061
- form_type: 8-K
- ticker: UFCS
- cik: 0000101199
- company_name: UNITED FIRE GROUP INC
- filed_at: 2023-08-07T23:59:59+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/101199/000010119923000061/0000101199-23-000061-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/101199/000010119923000061/ufcs-20230807.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000101199-23-000061
- JSON: https://secwatch.observer/filing/0000101199-23-000061.json
- Plain text: https://secwatch.observer/filing/0000101199-23-000061.txt

## Key facts
- Earnings Releases
  UNITED FIRE GROUP INC reported the quarter ended June 30, 2023 results: net income Net loss of $56.4 million, EPS ($2.23) per diluted share.
  - Period: the quarter ended June 30, 2023
  - Net income: Net loss of $56.4 million
  - EPS: ($2.23) per diluted share
  - Result: reported results
  source text: United Fire Group, Inc. (the "Company" or "UFG") (Nasdaq: UFCS) today reported financial results for the three-month period ended June 30, 2023 (the "second quarter of 2023") with a consolidated net loss of $56.4 million ($2.23 per diluted share)
  evidence_url: https://www.sec.gov/Archives/edgar/data/101199/000010119923000061/0000101199-23-000061-index.htm

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