Highest-materiality recent filing
United Fire Group Q1 net income up 70% to $30.1M, combined ratio improves to 95.6%
Net income $30.1M ($1.15 diluted EPS) vs $17.7M prior year; adjusted operating income $30.3M ($1.16 EPS).
UFG Q4 net income $38.4M ($1.45/diluted); combined ratio 92.3%; dividend +25% to $0.20
Net income increased $6.9M YoY to $38.4M ($1.45 diluted EPS); adjusted operating income $1.50/diluted.
United Fire Q3 net income $39.2M ($1.49 EPS), combined ratio 91.9%, net written premium record $328M
Net income of $39.2M ($1.49 diluted EPS) vs $19.8M year ago; adjusted operating income $39.5M ($1.50).
UFG Q2 net income $22.9M ($0.87 EPS), record written premium $372.9M, combined ratio 96.4%
Net income $22.9M ($0.87 diluted EPS) vs loss of $2.8M in Q2 2024; adjusted operating income $23.7M ($0.90).
United Fire Group closes $30M private placement of 9.0% senior notes due 2039
Issued $30M aggregate principal of Series B senior unsecured notes at 9.0% interest, maturing May 31, 2039.
United Fire Q1 net income up 31% to $17.7M; record net written premium $335.4M
Net income $17.7M ($0.67 diluted EPS); adjusted operating income $18.3M ($0.70 diluted EPS).
UFG Q4 net income $31.4M ($1.21/sh); combined ratio 94.4% improves 4.8 pts YoY
Adjusted operating income $1.25 per diluted share; full year net income $62.0M ($2.39/sh).
United Fire Q3 net income $19.7M ($0.76 EPS); premiums up 23% to $305.6M
Adjusted operating EPS of $0.81; net investment income rose 49% to $24.5M.
United Fire Group Q2 net loss $0.11/diluted share; adjusted op loss $0.07; rating error charge $3.2M
Net loss of $2.7M ($0.11 per diluted share); adjusted operating loss of $0.07 per diluted share.
United Fire Group issues $70M senior notes at 9% due 2039 in private placement
$70M aggregate principal senior unsecured notes, 9% annual interest, due May 31, 2039.
United Fire Q1 net income $13.5M ($0.52/diluted), combined ratio 98.9% improves 4.5 pts
Net premiums written $321.3M, up 17.6% YoY; core commercial renewal premiums up 10.9%.
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.
Max materiality 0.80 · Median 0.30 · Most common event earnings