UNITED FIRE GROUP INC shareholders approved Approval of the amendment of the 2021 Non-Employee Director Stock Plan to increase the number of shares of United Fire Group, Inc. common stock available for issuance thereunder to non-employee Directors and to extend the life of the 2021 Non-Employee Director Stock Plan from December 31, 2029 to De at the 2026-05-20 meeting.
“Proposal 4: Approval of the amendment of the 2021 Non-Employee Director Stock Plan to increase the number of shares of United Fire Group, Inc. common stock available for issuance thereunder to non-employee Directors and to extend the life of the 2021 Non-Employee Director Stock Plan from December 31, 2029 to December 31, 2034. Number of Shares Shares For Shares Against Shares Abstained Broker Non-Votes 19,329,071 1,068,724 17,667 2,379,229”
Shareholder Votes
UNITED FIRE GROUP INC shareholders approved Shareholder advisory vote to approve the compensation of the Company’s named executive officers. at the 2026-05-20 meeting.
“Proposal 3: Shareholder advisory vote to approve the compensation of the Company’s named executive officers. Number of Shares Shares For Shares Against Shares Abstained Broker Non-Votes 20,096,679 306,486 12,297 2,379,229”
Shareholder Votes
UNITED FIRE GROUP INC shareholders approved Ratify the Audit Committee's appointment of Ernst & Young LLP as the Company's independent registered public accounting firm for 2026. at the 2026-05-20 meeting.
“Proposal 2: Ratify the Audit Committee's appointment of Ernst & Young LLP as the Company's independent registered public accounting firm for 2026. Number of Shares Shares For Shares Against Shares Abstained Broker Non-Votes 22,047,843 731,737 15,111 —”
Shareholder Votes
UNITED FIRE GROUP INC shareholders approved Elect five Class A Directors to serve three-year terms expiring in 2029. at the 2026-05-20 meeting.
“Proposal 1: Elect five Class A Directors to serve three-year terms expiring in 2029. Director Nominee Number of Shares Name Class Shares For Shares Against Shares Abstained Broker Non-Votes Scott L. Carlton A 19,651,006 746,867 17,589 2,379,229 Brenda K. Clancy A 19,462,832 234,466 718,164 2,379,229 Kevin J. Leidwinger A 20,030,772 367,073 17,617 2,379,229 Glinda L. Spencer A 19,609,140 88,158 718,164 2,379,229 Susan E. Voss A 19,006,433 685,299 723,730 2,379,229”
Earnings Releases
UNITED FIRE GROUP INC reported quarter ended March 31, 2026 results: net income $30.1 million, EPS $1.15 per diluted share.
“United Fire Group, Inc. reports first quarter 2026 results First quarter net income of $1.15 per diluted share and adjusted operating income of $1.16 per diluted share First quarter 2026 highlights compared to first quarter 2025, unless otherwise noted: (1) • Net income increased $12.4 million to $30.1 million.”
Debt Financings
UNITED FIRE GROUP INC incurred senior notes of $30,000,000 aggregate principal with Aspida Life Insurance Company maturing May 31, 2039.
“completed an additional private placement of $30,000,000 aggregate principal of senior unsecured notes with a maturity date of May 31, 2039 (the “Series B Notes”). The Series B Notes is exclusively between the Company and an affiliate of Ares, Aspida Life Insurance Company, as the sole investor.”
Shareholder Votes
UNITED FIRE GROUP INC shareholders approved Shareholder advisory vote to approve the compensation of the Company’s named executive officers at the 2024-05-15 meeting.
“Proposal 3: Shareholder advisory vote to approve the compensation of the Company’s named executive officers. Number of Shares Shares For Shares Against Shares Abstained Broker Non-Votes 20,644,827 565,004 20,642 1,281,312”
Shareholder Votes
UNITED FIRE GROUP INC shareholders approved Ratify the Audit Committee's appointment of Ernst & Young LLP as the Company's independent registered public accounting firm for 2024 at the 2024-05-15 meeting.
“Proposal 2: Ratify the Audit Committee's appointment of Ernst & Young LLP as the Company's independent registered public accounting firm for 2024. Number of Shares Shares For Shares Against Shares Abstained Broker Non-Votes 21,717,739 723,855 70,190 —”
Shareholder Votes
UNITED FIRE GROUP INC shareholders approved Elect four Class C Directors to serve three-year terms expiring in 2027 at the 2024-05-15 meeting.
“On May 15, 2024, United Fire Group, Inc. ( the "Company") held its 2024 Annual Meeting of Shareholders (the "Annual Meeting") . Each of the director nominees were elected and all the other proposals submitted to the Company's shareholders were approved. The following are the final voting results for each proposal presented at the Annual Meeting. Proposal 1: Elect four Class C Directors to serve three-year terms expiring in 2027.”
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.
“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.”
Christopher Cataldo resigned as Chief Information Officer at UNITED FIRE GROUP INC.
“Mr. Cataldo will continue to be employed by the Company during a transition period until April 30, 2024, unless terminated earlier, and after that time will continue to be available for consultations on an as-needed basis until the separation date, to occur June 30, 2024, unless terminated earlier.”
Governance Changes
UNITED FIRE GROUP INC: Adopted amended and restated bylaws effective immediately, with numerous updates including remote shareholder meetings, universal proxy rules, director resignation procedures, and shareholder proposal mechanics (effective 2024-02-23).
“On February 23, 2024, the board of directors (the “ Board ”) of United Fire Group, Inc. (the “ Company ”) [unanimously] adopted amended and restated bylaws of the Company (the bylaws, as so amended and restated, the “ Amended and Restated Bylaws ”), effective immediately.”
Earnings Releases
UNITED FIRE GROUP INC reported financial results for the quarter and year ended December 31, 2023.
“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.”
Material Agreements
UNITED FIRE GROUP INC entered into Investment Management Agreement with New England Asset Management ("NEAM") (effective 2024-01-31).
“On January 31, 2024, United Fire Group, Inc. (the “Company”) entered into an investment management agreement (the “Investment Management Agreement”) with New England Asset Management (“NEAM”), effective as of February 1, 2024”
Robert Cataldo departed as Vice President and Chief Investment and Strategy Officer at UNITED FIRE GROUP INC.
“On January 31, 2024, the Company and Robert Cataldo mutually agreed to the separation of Mr. Cataldo’s employment as Vice President and Chief Investment and Strategy Officer of the Company, effective no later than May 24, 2024.”
Debt Financings
UNITED FIRE GROUP INC incurred credit facility with Federal Home Loan Bank of Des Moines.
“ubsidiary of the Company, completed its admission to the membership of the Federal Home Loan Bank of Des Moines (“FHLB”) upon its acquisition of FHLB membership stock in exchange for $1,248,500.”
Material Agreements
UNITED FIRE GROUP INC terminated Credit Agreement with Wells Fargo Bank, National Association valued at $50 million (effective 2023-12-29).
“On December 29, 2023, United Fire & Casualty Company (“UF&C”), a wholly owned subsidiary of United Fire Group, Inc. (the “Company”), terminated its existing credit agreement (the “Credit Agreement”), dated as of March 31, 2020, with Wells Fargo Bank, National Association, as administrative agent, issuing lender, swing-line lender and lender, and the other lenders from time to time party thereto, which provided for a $50 million revolving credit facility.”
Jeremy J. Bahl changed role as Vice President of Field Operations at UNITED FIRE GROUP INC.
“Jeremy J. Bahl will transition out of his role as Chief Underwriting Officer of the Company, effective December 1, 2023, and will remain with the Company in the role of Vice President of Field Operations.”
Earnings Releases
UNITED FIRE GROUP INC reported the quarter ended September 30, 2023 results: net income $6.4 million ($0.25 per diluted share), EPS $0.25 per diluted share.
“On November 1, 2023, United Fire Group, Inc. issued a press release announcing its financial results for the quarter ended September 30, 2023.”
Governance Changes
UNITED FIRE GROUP INC: Amended and restated the Code of Ethics and Business Conduct with more robust and detailed provisions (effective 2023-08-18).
“On August 18, 2023, the board of directors (the "Board") of United Fire Group, Inc. (the "Company") amended its Code of Ethics and Business Conduct (the "Code"), which governs the conduct of all directors, officers and employees of the Company and its subsidiaries.”
Debt Financings
UNITED FIRE GROUP INC amended credit facility with Wells Fargo Bank, National Association.
“(the “Company”) and Wells Fargo Bank, National Association (“Wells Fargo”), in its capacity as administrative agent and sole lender, entered into the Third Amendment to Credit Agreement and Waiver (the “Third Amendment”), which amended that certain Credit Agreement (the “Credit Agreement”), dated as of March 31, 2020, by and among the Borrower, Wells Fargo, as administrative agent and swingline lender and issuing lender, and Wells Fargo Securities, LLC as sole lead arranger and sole bookrunner.”
Material Agreements
UNITED FIRE GROUP INC amended Third Amendment to Credit Agreement and Waiver with Wells Fargo Bank, National Association (effective 2023-08-07).
“On August 7, 2023, United Fire & Casualty Company (the “Borrower”), a wholly owned subsidiary of United Fire Group, Inc. (the “Company”) and Wells Fargo Bank, National Association (“Wells Fargo”), in its capacity as administrative agent and sole lender, entered into the Third Amendment to Credit Agreement and Waiver (the “Third Amendment”), which amended that certain Credit Agreement (the “Credit Agreement”), dated as of March 31, 2020, by and among the Borrower, Wells Fargo, as administrative agent and swingline lender and issuing lender, and Wells Fargo Securities, LLC as sole lead arranger and sole bookrunner.”
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.
“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)”
Earnings Releases
UNITED FIRE GROUP INC reported second quarter of 2023 results: net income $(2.23) per diluted share, EPS $(2.27) per diluted share (adjusted operating loss).
“announced today preliminary earnings estimates for the second quarter 2023 results, including net loss of $2.23 per diluted share, and an adjusted operating loss of $2.27 per diluted share”
Shareholder Votes
UNITED FIRE GROUP INC shareholders approved Shareholder advisory vote to approve the frequency of future shareholder votes on executive compensation at the 2023-05-17 meeting.
“Proposal 4: Shareholder advisory vote to approve the frequency of future shareholder votes on executive compensation. Number of Shares 1 Year 2 Years 3 Years Shares Abstained Broker Non-Votes 19,321,638 873,446 1,772,033 48,634 1,310,798”
Shareholder Votes
UNITED FIRE GROUP INC shareholders approved Shareholder advisory vote to approve the compensation of the Company’s named executive officers at the 2023-05-17 meeting.
“Proposal 3: Shareholder advisory vote to approve the compensation of the Company’s named executive officers. Number of Shares Shares For Shares Against Shares Abstained Broker Non-Votes 21,341,426 636,200 38,125 1,310,798”
Shareholder Votes
UNITED FIRE GROUP INC shareholders approved Ratify the Audit Committee's appointment of Ernst & Young LLP as the Company's independent registered public accounting firm for 2023 at the 2023-05-17 meeting.
“Proposal 2: Ratify the Audit Committee's appointment of Ernst & Young LLP as the Company's independent registered public accounting firm for 2023. Number of Shares Shares For Shares Against Shares Abstained Broker Non-Votes 22,704,727 606,986 14,836 —”
Shareholder Votes
UNITED FIRE GROUP INC shareholders approved Elect four Class A Directors to serve three-year terms expiring in 2026 at the 2023-05-17 meeting.
“Proposal 1: Elect four Class A Directors to serve three-year terms expiring in 2026. Director Nominee Number of Shares Name Class Shares For Shares Against Shares Abstained Broker Non-Votes Scott L. Carlton A 19,957,425 2,036,895 21,431 1,310,798 Brenda K. Clancy A 21,607,724 394,379 13,648 1,310,798 Kevin J. Leidwinger A 21,629,136 364,178 22,437 1,310,798 Susan E. Voss A 21,676,234 324,852 14,664 1,310,798”
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.
“On May 8, 2023, United Fire Group, Inc. issued a press release announcing its financial results for the quarter ended March 31, 2023.”
Earnings Releases
UNITED FIRE GROUP INC reported financial results for the quarter and year ended December 31, 2022.
“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.”
Kyle D. Skogman resigned as Vice Chairman at UNITED FIRE GROUP INC.
“On January 18, 2023, Kyle D. Skogman, member and Vice Chairman of the Board of Directors of United Fire Group, Inc. (the "Company" or "UFG"), submitted his resignation as a director effective immediately following the Annual Meeting of Shareholders on May 17, 2023.”
Julie Stephenson was appointed as Executive Vice President and Chief Operating Officer at UNITED FIRE GROUP INC.
“the Company announced the appointment of Julie Stephenson, age 55, as Executive Vice President and Chief Operating Officer.”
Earnings Releases
UNITED FIRE GROUP INC reported the quarter ended September 30, 2022 results: revenue $238,256, net income $23.0 million, EPS $0.91 per diluted share.
“Financial Highlights (unaudited) Three Months Ended September 30, Nine Months Ended September 30, (In Thousands, Except Per Share Data) 2022 2021 2022 2021 Net premiums earned $ 238,256 $ 238,909 $ 703,746 $ 722,837 Net premiums written 247,417 226,708 749,492 720,575 Net underlying loss ratio (1) 59.3 % 61.5 % 57.5 % 65.0 % Catastrophes-effect on net loss ratio”
Earnings Releases
UNITED FIRE GROUP INC reported third quarter 2022 results: net income net loss in the range of $0.89 to $0.93 per diluted share.
“On October 27, 2022, United Fire Group, Inc. issued a press release announcing certain estimates of its financial results for the third quarter of 2022.”
Kevin J. Leidwinger was appointed as Class A director at UNITED FIRE GROUP INC.
“On August 19, 2022, the Board of Directors (the “Board”) of United Fire Group, Inc. (the “Company”) appointed Kevin J. Leidwinger as a Class A director for a term expiring at the Company’s 2023 annual meeting of shareholders, effective as of August 22, 2022 (the “Effective Date”).”
Michael Wilkins retired as Executive Vice President & Chief Operating Officer at UNITED FIRE GROUP INC.
“On August 13, 2022, Michael Wilkins notified United Fire Group, Inc. (the "Company" or "UFG") of his decision to retire as Executive Vice President & Chief Operating Officer, effective September 30, 2022”
Eric J. Martin changed role as Senior Vice President and Chief Financial Officer at UNITED FIRE GROUP INC.
“Following Mr. Patten’s departure, Eric J. Martin, Senior Vice President and Chief Financial Officer of the Company, will assume the responsibilities of principal accounting officer.”
Randy L. Patten resigned as Assistant Vice President, Controller and Director of Investor Relations at UNITED FIRE GROUP INC.
“On July 25, 2022, Randy L. Patten, Assistant Vice President, Controller and Director of Investor Relations of United Fire Group, Inc. (the “Company”) submitted his resignation, to be effective July 31, 2022.”
Randy Ramlo retired as President, Chief Executive Officer at UNITED FIRE GROUP INC.
“On February 22, 2022, United Fire Group, Inc. (the "Company") filed a Current Report on Form 8-K (the "Original Filing") to announce that Randy Ramlo had decided to retire as President, Chief Executive Officer of the Company, effective October 31, 2022.”
Kevin Leidwinger was appointed as President and Chief Executive Officer at UNITED FIRE GROUP INC.
“On July 7, 2022, the Company announced the appointment of Kevin Leidwinger, age 57, as President and Chief Executive Officer.”
Eric J. Martin was appointed as Chief Financial Officer at UNITED FIRE GROUP INC.
“On March 22, 2022, the Company announced the appointment of Eric J. Martin, age 51, as Chief Financial Officer, effective April 18, 2022.”
Matthew R. Foran was appointed as Class B director at UNITED FIRE GROUP INC.
“the Company's Board of Directors appointed Mark A. Green as a Class C director, and Matthew R. Foran as a Class B director, effective February 18, 2022.”
Mark A. Green was appointed as Class C director at UNITED FIRE GROUP INC.
“the Company's Board of Directors appointed Mark A. Green as a Class C director, and Matthew R. Foran as a Class B director, effective February 18, 2022.”
Randy Ramlo retired as President, Chief Executive Officer at UNITED FIRE GROUP INC.
“Randy Ramlo notified United Fire Group, Inc. (the "Company" or "UFG") of his decision to retire as President, Chief Executive Officer, effective October 31, 2022.”
Sarah E. Madsen was appointed as Chief Legal Officer at UNITED FIRE GROUP INC.
“On February 10, 2022, the Board of Directors appointed Sarah E. Madsen as Chief Legal Officer of UFG, effective March 31, 2022, upon the retirement of Mr. Scharmer.”
Neal Scharmer retired as Vice President, General Counsel and Corporate Secretary at UNITED FIRE GROUP INC.
“Neal Scharmer notified United Fire Group, Inc. (the "Company" or "UFG") of his decision to retire as Vice President, General Counsel and Corporate Secretary, effective March 31, 2022.”
Mary K. Quass resigned as Director at UNITED FIRE GROUP INC.
“On January 28, 2022, Mary K. Quass, member of the Board of Directors of United Fire Group, Inc. (the "Company" or "UFG"), submitted her resignation as a director effective immediately following the Annual Meeting of Shareholders on May 18, 2022.”
Randy L. Patten was appointed as Interim Co-Chief Financial Officer at UNITED FIRE GROUP INC.
“the Registrant appointed Kevin W. Helbing and Randy L. Patten as Interim Co-Chief Financial Officers.”
Kevin W. Helbing was appointed as Interim Co-Chief Financial Officer at UNITED FIRE GROUP INC.
“the Registrant appointed Kevin W. Helbing and Randy L. Patten as Interim Co-Chief Financial Officers.”
Dawn M. Jaffray resigned as Executive Vice President and Chief Financial Officer at UNITED FIRE GROUP INC.
“Dawn M. Jaffray, Executive Vice President and Chief Financial Officer of United Fire Group, Inc. (the "Registrant"), notified the Registrant of her decision to resign effective October 10, 2021.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.