United Fire Group, Inc. (UFCS)

United Fire Group Balance Sheet

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Investments in Debt Securities	1,853	1,687	1,551	1,720	1,825	1,720
Investments in Equity & Preferred Securities	-	57.92	169.11	213.4	206.69	299.2
Other Investments	101.58	96.71	86.55	84.37	69.48	78.59
Total Investments	1,995	1,886	1,845	2,065	2,149	2,155
Cash & Equivalents	197.37	102.05	96.65	132.1	87.95	120.72
Reinsurance Recoverable	250.04	223.27	170.95	127.82	160.54	72.37
Other Receivables	641.54	502.19	411.63	362.55	398.1	392
Deferred Policy Acquisition Cost	149.04	126.53	104.23	91.45	87.09	94.29
Property, Plant & Equipment	135.38	163.43	159.59	167.53	148.49	132.4
Goodwill	-	-	-	-	-	15.09
Other Intangible Assets	4.08	4.62	5.32	6.03	6.74	7.45
Other Current Assets	42.01	27.68	11.3	9.33	12.97	9.55
Long-Term Deferred Tax Assets	14.4	13.62	15.53	-	-	-
Other Long-Term Assets	116.81	94.31	62.2	51.24	18.58	14.5
Total Assets	3,546	3,144	2,882	3,013	3,070	3,013
Accrued Expenses	198.32	142.64	93.59	72.48	107.38	139.65
Unpaid Claims	1,795	1,639	1,497	1,514	1,578	1,422
Unearned Premiums	650.04	549.38	474.39	439.73	464.85	505.16
Current Portion of Leases	-	9.36	8.45	8.3	6.89	7.52
Long-Term Debt	117.01	50	50	50	50	-
Long-Term Leases	-	20.31	18.47	22.07	12.36	8.33
Long-Term Deferred Tax Liabilities	-	-	-	26.75	24.93	20.59
Total Liabilities	2,760	2,410	2,142	2,134	2,245	2,103
Common Stock	0.03	0.03	0.03	0.03	0.03	0.03
Additional Paid-In Capital	213.37	209.99	207.03	203.38	202.36	200.18
Retained Earnings	593.05	574.69	620.56	621.38	555.85	697.12
Comprehensive Income & Other	-20.63	-50.96	-87.5	54.34	66.91	13.15
Shareholders' Equity	785.82	733.75	740.11	879.12	825.15	910.47
Total Liabilities & Equity	3,546	3,144	2,882	3,013	3,070	3,013
Filing Date Shares Outstanding	25.34	25.28	25.22	25.1	25.09	25.05
Total Common Shares Outstanding	25.34	25.27	25.21	25.08	25.06	25.02
Total Debt	117.01	79.67	76.92	80.37	69.24	15.85
Net Cash (Debt)	80.36	22.38	19.73	51.73	18.7	104.87
Net Cash Growth	319.63%	13.44%	-61.87%	176.58%	-82.16%	62.71%
Net Cash Per Share	3.12	0.89	0.78	2.03	0.75	4.10
Book Value Per Share	31.01	29.04	29.36	35.05	32.93	36.40
Tangible Book Value	781.74	729.13	734.79	873.09	818.41	887.93
Tangible Book Value Per Share	30.85	28.85	29.15	34.81	32.66	35.49
Land	-	78.68	80.35	87.89	2.97	2.98

Source: S&P Capital IQ. Insurance template. Financial Sources.