---
schema_version: "secwatch.filing_event.v1"
accession: "0000101199-24-000026"
form_type: "8-K"
ticker: "UFCS"
cik: "0000101199"
company_name: "UNITED FIRE GROUP INC"
filed_at: "2024-05-07T23:59:59+00:00"
generated_at: "2026-06-02T15:20:53.392445+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# United Fire Q1 net income $13.5M ($0.52/diluted), combined ratio 98.9% improves 4.5 pts

## Summary
- Net premiums written $321.3M, up 17.6% YoY; core commercial renewal premiums up 10.9%.
- GAAP combined ratio 98.9% (improved from 103.4%); underlying combined ratio 94.3%.
- Net investment income $16.3M, up 28.5% vs $12.7M; fixed income yield improved to 3.57%.
- Book value per share $29.13, up $0.09 from Dec 31, 2023; Q1 dividend $0.16 per share.
- Catastrophe loss ratio unchanged at 4.6%; no prior year reserve development.

## SEC filing metadata
- accession: 0000101199-24-000026
- form_type: 8-K
- ticker: UFCS
- cik: 0000101199
- company_name: UNITED FIRE GROUP INC
- filed_at: 2024-05-07T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- 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/101199/000010119924000026/0000101199-24-000026-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/101199/000010119924000026/ufcs-20240507.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000101199-24-000026
- JSON: https://secwatch.observer/filing/0000101199-24-000026.json
- Plain text: https://secwatch.observer/filing/0000101199-24-000026.txt

## Key facts
- Earnings Releases
  UNITED FIRE GROUP INC reported first quarter 2024 results: revenue $321.3 million, net income $13.5 million, EPS $0.52 per diluted share.
  - Period: first quarter 2024
  - Revenue: $321.3 million
  - Net income: $13.5 million
  - EPS: $0.52 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 March 31, 2024 (the "first quarter of 2024") with a consolidated net income of $13.5 million ($0.52 per diluted share) and consolidated adjusted operating income of $0.56 per diluted share. "I am pleased with our first quarter results as net income increased to $13.5 million driven by improved underwriting results and higher investment income," said UFG President and CEO Kevin Leidwinger. "The momentum we established in 2023 carried into the first quarter of 2024 as net written premium grew 17.6% to $321.3 million, led by our core commercial and assumed reinsurance business units.
  evidence_url: https://www.sec.gov/Archives/edgar/data/101199/000010119924000026/0000101199-24-000026-index.htm

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