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
Net Premiums Earned	1,293	1,177	1,035	951.54	962.82
Investment Income	97.54	81.99	59.61	44.93	55.78
Net Gains on Investments	-3.82	-5.43	1.27	-15.89	47.38
Total Other Revenues	-	-	-	-0.3	0.21
Revenue	1,386	1,253	1,095	980.29	1,066
Revenue Growth (YoY)	10.62%	14.41%	11.75%	-8.06%	-0.23%
Insurance Benefits & Claims	764.4	744.61	769.41	637.3	652.16
Policy Amortization Costs	315.32	281.34	244.99	213.08	203.43
Other Operating Expenses	147.48	143.05	117.52	114.65	110.57
Operating Income	159.2	84.32	-36.46	15.27	100.03
Interest Expense	-11.27	-7.28	-3.26	-3.19	-3.19
Total Non-Operating Income (Expense)	-11.27	-7.28	-3.26	-3.19	-3.19
Pretax Income	147.94	77.03	-39.72	12.08	96.84
Provision for Income Taxes	29.75	15.08	-10.02	-2.95	16.25
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%	-
Shares Outstanding	25.52	25.38	25.27	25.21	25.08
Free Cash Flow	263.3	328.43	160.85	-3.39	15.94
Free Cash Flow Growth	-19.83%	104.19%	-	-	-29.38%
Free Cash Flow Per Share	9.99	12.67	6.37	-0.13	0.62
Dividends 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	8.52%	4.94%	-2.71%	1.53%	7.56%
FCF Margin	18.99%	26.21%	14.68%	-0.35%	1.50%
EBITDA	169.97	95.22	-25.95	22.94	106.6
EBITDA Margin	12.26%	7.60%	-2.37%	2.34%	10.00%
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%	25.23%	-24.46%	16.78%

Updated Feb 11, 2026. Data Source: Fiscal.ai. Insurance template. Financial Sources.

SEC Filings: 10-K · 10-Q