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	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Investments in Debt Securities	1,796	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	98.51	96.71	86.55	84.37	69.48	78.59
Total Investments	1,936	1,886	1,845	2,065	2,149	2,155
Cash & Equivalents	153.43	102.05	96.65	132.1	87.95	120.72
Reinsurance Recoverable	243.99	223.27	170.95	127.82	160.54	72.37
Other Receivables	620.66	502.19	411.63	362.55	398.1	392
Deferred Policy Acquisition Cost	144.04	126.53	104.23	91.45	87.09	94.29
Property, Plant & Equipment	134.62	163.43	159.59	167.53	148.49	132.4
Goodwill	-	-	-	-	-	15.09
Other Intangible Assets	4.26	4.62	5.32	6.03	6.74	7.45
Other Current Assets	32.9	27.68	11.3	9.33	12.97	9.55
Long-Term Deferred Tax Assets	26.59	13.62	15.53	-	-	-
Other Long-Term Assets	112.33	94.31	62.2	51.24	18.58	14.5
Total Assets	3,409	3,144	2,882	3,013	3,070	3,013
Accrued Expenses	175.75	142.64	93.59	72.48	107.38	139.65
Unpaid Claims	1,756	1,639	1,497	1,514	1,578	1,422
Unearned Premiums	633.65	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	116.97	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	2,682	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	212.33	209.99	207.03	203.38	202.36	200.18
Retained Earnings	577.36	574.69	620.56	621.38	555.85	697.12
Comprehensive Income & Other	-63.12	-50.96	-87.5	54.34	66.91	13.15
Shareholders' Equity	726.6	733.75	740.11	879.12	825.15	910.47
Total Liabilities & Equity	3,409	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	116.97	79.67	76.92	80.37	69.24	15.85
Net Cash (Debt)	36.47	22.38	19.73	51.73	18.7	104.87
Net Cash Growth	22.76%	13.44%	-61.87%	176.58%	-82.16%	62.71%
Net Cash Per Share	1.43	0.89	0.78	2.03	0.75	4.10
Book Value Per Share	28.68	29.04	29.36	35.05	32.93	36.40
Tangible Book Value	722.33	729.13	734.79	873.09	818.41	887.93
Tangible Book Value Per Share	28.51	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.