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	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Premiums & Annuity Revenue	1,260	1,177	1,035	951.54	962.82	1,055
Total Interest & Dividend Income	94.04	80.54	62.47	52.86	46.08	49.3
Gain (Loss) on Sale of Investments	-3.24	-3.98	-1.59	-23.82	57.08	-42.03
Other Revenue	3.2	-	-	-0.3	0.21	6.27
Total Revenue	1,354	1,253	1,095	980.29	1,066	1,069
Revenue Growth (YoY)	12.12%	14.41%	11.75%	-8.06%	-0.23%	-11.03%
Policy Benefits	748.09	744.61	769.41	637.3	652.16	869.47
Policy Acquisition & Underwriting Costs	455.84	424.39	362.51	327.72	313.54	353.58
Other Operating Expenses	-	-	-	-	0.47	-
Total Operating Expenses	1,204	1,169	1,132	965.02	966.16	1,223
Operating Income	149.84	84.32	-36.46	15.27	100.03	-154.42
Interest Expense	-10.57	-7.28	-3.26	-3.19	-3.19	-
EBT Excluding Unusual Items	139.28	77.03	-39.72	12.08	96.84	-154.42
Impairment of Goodwill	-	-	-	-	-	-15.09
Pretax Income	139.28	77.03	-39.72	12.08	96.84	-169.52
Income Tax Expense	28	15.08	-10.02	-2.95	16.25	-56.81
Earnings From Continuing Ops.	111.28	61.96	-29.7	15.03	80.59	-112.71
Net Income	111.28	61.96	-29.7	15.03	80.59	-112.71
Net Income to Common	111.28	61.96	-29.7	15.03	80.59	-112.71
Net Income Growth	122.01%	-	-	-81.35%	-	-
Shares Outstanding (Basic)	25	25	25	25	25	25
Shares Outstanding (Diluted)	26	26	25	25	26	25
Shares Change (YoY)	1.98%	2.65%	-0.27%	-0.79%	1.97%	-2.17%
EPS (Basic)	4.38	2.45	-1.18	0.60	3.21	-4.50
EPS (Diluted)	4.24	2.39	-1.18	0.59	3.16	-4.50
EPS Growth	118.04%	-	-	-81.33%	-	-
Free Cash Flow	297.47	328.43	160.85	-3.39	15.94	22.57
Free Cash Flow Per Share	11.34	12.67	6.37	-0.13	0.63	0.90
Dividend 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	11.07%	6.73%	-3.33%	1.56%	9.38%	-14.45%
Profit Margin	8.22%	4.94%	-2.71%	1.53%	7.56%	-10.55%
Free Cash Flow Margin	21.97%	26.21%	14.68%	-0.35%	1.49%	2.11%
EBITDA	160.18	95.22	-25.95	22.94	106.6	-147.77
EBITDA Margin	11.83%	7.60%	-2.37%	2.34%	10.00%	-13.83%
D&A For EBITDA	10.34	10.9	10.51	7.67	6.57	6.66
EBIT	149.84	84.32	-36.46	15.27	100.03	-154.42
EBIT Margin	11.07%	6.73%	-3.33%	1.56%	9.38%	-14.45%
Effective Tax Rate	20.10%	19.57%	-	-	16.78%	-
Revenue as Reported	1,354	1,253	1,095	980.29	1,066	1,069

Updated Nov 4, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.

SEC Filings: 10-K · 10-Q