United Fire Group, Inc. (UFCS)

United Fire Group Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Premiums Earned	1,232	1,177	1,035	951.54	962.82	1,055
Investment Income	92.75	81.99	59.61	44.93	55.78	39.67
Net Gains on Investments	-4.75	-5.43	1.27	-15.89	47.38	-32.4
Total Other Revenues	-	-	-	-0.3	0.21	6.27
Revenue	1,323	1,253	1,095	980.29	1,066	1,069
Revenue Growth (YoY)	14.18%	14.41%	11.75%	-8.06%	-0.23%	-11.03%
Insurance Benefits & Claims	747.06	744.61	769.41	637.3	652.16	869.47
Policy Amortization Costs	300.03	281.34	244.99	213.08	203.43	210.25
Other Operating Expenses	148.76	140.94	115.8	115.17	110.1	158.42
Operating Income	126.88	86.42	-34.74	14.74	100.5	-169.52
Interest Expense	-9.93	-7.28	-3.26	-3.19	-3.19	-
Other Non-Operating Income (Expense)	-1.38	-2.11	-1.72	0.52	-0.47	-
Total Non-Operating Income (Expense)	-11.31	-9.39	-4.98	-2.66	-3.66	-
Pretax Income	115.58	77.03	-39.72	12.08	96.84	-169.52
Provision for Income Taxes	23.74	15.08	-10.02	-2.95	16.25	-56.81
Net Income	91.84	61.96	-29.7	15.03	80.59	-112.71
Net Income to Common	91.84	61.96	-29.7	15.03	80.59	-112.71
Net Income Growth	149.86%	-	-	-81.35%	-	-
Shares Outstanding (Basic)	25	25	25	25	25	25
Shares Outstanding (Diluted)	26	26	25	25	26	25
Shares Change (YoY)	3.10%	2.65%	-0.27%	-0.79%	1.97%	-2.17%
EPS (Basic)	3.63	2.45	-1.18	0.60	3.21	-4.50
EPS (Diluted)	3.52	2.39	-1.18	0.59	3.16	-4.50
EPS Growth	146.15%	-	-	-81.33%	-	-
Free Cash Flow	301.86	340.3	171.74	-1.25	29.92	41.44
Free Cash Flow Growth	-11.30%	98.16%	-	-	-27.80%	-55.80%
Free Cash Flow Per Share	11.48	13.13	6.80	-0.05	1.17	1.66
Dividends Per Share	0.640	0.640	0.640	0.630	0.600	1.140
Dividend Growth	-	-	1.59%	5.00%	-47.37%	-12.31%
Operating Margin	9.59%	6.90%	-3.17%	1.50%	9.43%	-15.86%
Profit Margin	6.94%	4.94%	-2.71%	1.53%	7.56%	-10.55%
FCF Margin	22.82%	27.15%	15.68%	-0.13%	2.81%	3.88%
EBITDA	136.94	97.33	-24.23	22.41	107.07	-162.86
EBITDA Margin	10.35%	7.77%	-2.21%	2.29%	10.04%	-15.24%
EBIT	126.88	86.42	-34.74	14.74	100.5	-169.52
EBIT Margin	9.59%	6.90%	-3.17%	1.50%	9.43%	-15.86%
Effective Tax Rate	20.54%	19.57%	25.23%	-24.46%	16.78%	33.51%

Updated Aug 5, 2025. Data Source: Fiscal.ai. Insurance template. Financial Sources.

SEC Filings: 10-K · 10-Q