Highest-materiality recent filing
United Fire Group Q2 net income up 45% to $33.4M; combined ratio improves to 95.3%
Net income $33.4M ($1.29 diluted EPS), up 45% YoY; adjusted operating income $33.7M ($1.30 diluted EPS), up 42%.
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%.
United Fire Group Q4 net income $0.77/shr; full year net loss $1.18/shr; combined ratio 109.3%
Q4 net income $19.6M ($0.77 diluted EPS); adjusted operating income $0.65/shr.
UFCS Chief Investment & Strategy Officer to depart; investment management outsourced to NEAM
Robert Cataldo to depart as VP and Chief Investment & Strategy Officer by May 24, 2024; separation terms under negotiation.
United Fire Group reports Q3 net income $0.25 per share vs loss of $0.91 YoY
Net income $6.4M ($0.25 diluted EPS) vs loss of $23.0M ($0.91) in Q3 2022; adjusted operating income $0.31 per share.
AM Best downgraded UFG's Financial Strength Rating to A- (Excellent) from A (Excellent); outlook revised to stable from negative.
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.
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.
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.
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.
the Company announced the appointment of Julie Stephenson, age 55, as Executive Vice President and Chief Operating Officer.
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”).
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
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.
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.
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.
On July 7, 2022, the Company announced the appointment of Kevin Leidwinger, age 57, as President and Chief Executive Officer.
On March 22, 2022, the Company announced the appointment of Eric J. Martin, age 51, as Chief Financial Officer, effective April 18, 2022.
Max materiality 0.80 · Median 0.30 · Most common event dividend