United Fire Group Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Premiums & Annuity Revenue	1,293	1,177	1,035	951.54	962.82
Total Interest & Dividend Income	99.02	80.54	62.47	52.86	46.08
Gain (Loss) on Sale of Investments	-5.3	-3.98	-1.59	-23.82	57.08
Other Revenue	-	-	-	-0.3	0.21
Total Revenue	1,386	1,253	1,095	980.29	1,066
Revenue Growth (YoY)	10.62%	14.41%	11.75%	-8.06%	-0.23%
Policy Benefits	764.4	744.61	769.41	637.3	652.16
Policy Acquisition & Underwriting Costs	462.81	424.39	362.51	327.72	313.54
Other Operating Expenses	-	-	-	-	0.47
Total Operating Expenses	1,227	1,169	1,132	965.02	966.16
Operating Income	159.2	84.32	-36.46	15.27	100.03
Interest Expense	-11.27	-7.28	-3.26	-3.19	-3.19
EBT Excluding Unusual Items	147.94	77.03	-39.72	12.08	96.84
Pretax Income	147.94	77.03	-39.72	12.08	96.84
Income Tax Expense	29.75	15.08	-10.02	-2.95	16.25
Earnings From Continuing Ops.	118.19	61.96	-29.7	15.03	80.59
Net Income	118.19	61.96	-29.7	15.03	80.59
Net Income to Common	118.19	61.96	-29.7	15.03	80.59
Net Income Growth	90.76%	-	-	-81.35%	-
Shares Outstanding (Basic)	25	25	25	25	25
Shares Outstanding (Diluted)	26	26	25	25	26
Shares Change (YoY)	1.68%	2.65%	-0.27%	-0.79%	1.97%
EPS (Basic)	4.64	2.45	-1.18	0.60	3.21
EPS (Diluted)	4.48	2.39	-1.18	0.59	3.16
EPS Growth	87.45%	-	-	-81.33%	-
Free Cash Flow	263.3	328.43	160.85	-3.39	15.94
Free Cash Flow Per Share	9.99	12.67	6.37	-0.13	0.63
Dividend Per Share	0.640	0.640	0.640	0.630	0.600
Dividend Growth	-	-	1.59%	5.00%	-47.37%
Operating Margin	11.48%	6.73%	-3.33%	1.56%	9.38%
Profit Margin	8.53%	4.94%	-2.71%	1.53%	7.56%
Free Cash Flow Margin	18.99%	26.21%	14.68%	-0.35%	1.49%
EBITDA	169.97	95.22	-25.95	22.94	106.6
EBITDA Margin	12.26%	7.60%	-2.37%	2.34%	10.00%
D&A For EBITDA	10.77	10.9	10.51	7.67	6.57
EBIT	159.2	84.32	-36.46	15.27	100.03
EBIT Margin	11.48%	6.73%	-3.33%	1.56%	9.38%
Effective Tax Rate	20.11%	19.57%	-	-	16.78%
Revenue as Reported	1,386	1,253	1,095	980.29	1,066

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.

SEC Filings: 10-K · 10-Q