United Fire Group Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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
Net Premiums Earned	1,327	1,293	1,177	1,035	951.54	962.82
Investment Income	101.12	97.54	81.99	59.61	44.93	55.78
Net Gains on Investments	-3.32	-3.82	-5.43	1.27	-15.89	47.38
Total Other Revenues	-0.32	-	-	-	-0.3	0.21
Revenue	1,425	1,386	1,253	1,095	980.29	1,066
Revenue Growth (YoY)	10.58%	10.62%	14.41%	11.75%	-8.06%	-0.23%
Insurance Benefits & Claims	782.83	764.4	744.61	769.41	637.3	652.16
Policy Amortization Costs	320.01	315.32	281.34	244.99	213.08	203.43
Other Operating Expenses	145.84	147.48	143.05	117.52	114.65	110.57
Operating Income	176.06	159.2	84.32	-36.46	15.27	100.03
Interest Expense	-11.97	-11.27	-7.28	-3.26	-3.19	-3.19
Total Non-Operating Income (Expense)	-11.97	-11.27	-7.28	-3.26	-3.19	-3.19
Pretax Income	164.09	147.94	77.03	-39.72	12.08	96.84
Provision for Income Taxes	33.55	29.75	15.08	-10.02	-2.95	16.25
Net Income	130.54	118.19	61.96	-29.7	15.03	80.59
Net Income to Common	130.54	118.19	61.96	-29.7	15.03	80.59
Net Income Growth	97.33%	90.76%	-	-	-81.35%	-
Shares Outstanding (Basic)	26	25	25	25	25	25
Shares Outstanding (Diluted)	26	26	26	25	25	26
Shares Change (YoY)	1.79%	1.68%	2.65%	-0.27%	-0.79%	1.97%
EPS (Basic)	5.07	4.64	2.45	-1.18	0.60	3.21
EPS (Diluted)	4.96	4.48	2.39	-1.18	0.59	3.16
EPS Growth	96.05%	87.45%	-	-	-81.33%	-
Shares Outstanding	25.65	25.52	25.38	25.27	25.21	25.08
Free Cash Flow	286.36	263.3	328.43	160.85	-3.39	15.94
Free Cash Flow Growth	8.76%	-19.83%	104.19%	-	-	-29.38%
Free Cash Flow Per Share	10.87	9.99	12.67	6.37	-0.13	0.62
Dividends Per Share	0.680	0.640	0.640	0.640	0.630	0.600
Dividend Growth	6.25%	-	-	1.59%	5.00%	-47.37%
Operating Margin	12.36%	11.48%	6.73%	-3.33%	1.56%	9.38%
Profit Margin	9.16%	8.52%	4.94%	-2.71%	1.53%	7.56%
FCF Margin	20.10%	18.99%	26.21%	14.68%	-0.35%	1.50%
EBITDA	187.26	169.97	95.22	-25.95	22.94	106.6
EBITDA Margin	13.14%	12.26%	7.60%	-2.37%	2.34%	10.00%
EBIT	176.06	159.2	84.32	-36.46	15.27	100.03
EBIT Margin	12.36%	11.48%	6.73%	-3.33%	1.56%	9.38%
Effective Tax Rate	20.45%	20.11%	19.57%	25.23%	-24.46%	16.78%

Updated May 6, 2026. Data Source: Fiscal.ai. Insurance template. Financial Sources.

SEC Filings: 10-K · 10-Q