United Fire Group Q4 net income $0.77/shr; full year net loss $1.18/shr; combined ratio 109.3%

UNITED FIRE GROUP INC

2024-FY EPS reported -$1.18 revenue$1,095,467,000

Q4 net income $19.6M ($0.77 diluted EPS); adjusted operating income $0.65/shr.
Q4 net premiums written $246.8M, up 5.2% YoY; GAAP combined ratio 99.2% (improved 4.7 pts).
Full year net loss $29.7M ($1.18/shr); adjusted operating loss $30.7M ($1.22/shr).
Full year net investment income $59.6M, up 32.7% YoY; book value per share $29.04 (down 1.1%).
Workforce reduced 22% in 2023 via voluntary early retirement; partnered with New England Asset Management for portfolio management.

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, 2023.

Period: the quarter and year ended December 31, 2023
Result: reported results

Exact text from the filing

On February 13, 2024, United Fire Group, Inc. issued a press release announcing its financial results for the quarter and year ended December 31, 2023.

View on SEC.gov

Browse all earnings releases →

UNITED FIRE GROUP INC filing history →

Source: SEC EDGAR

accession 0000101199-24-000009

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.