United Fire Group, Inc. (UFCS)

United Fire Group Balance Sheet

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Investments in Debt Securities	1,868	1,687	1,551	1,720	1,825
Investments in Equity & Preferred Securities	-	55.02	169.11	213.4	206.69
Other Investments	183.84	99.61	86.55	84.37	69.48
Total Investments	2,093	1,886	1,845	2,065	2,149
Cash & Equivalents	200.95	102.05	96.65	132.1	87.95
Reinsurance Recoverable	230.83	223.27	170.95	127.82	160.54
Other Receivables	480.78	502.19	411.63	362.55	398.1
Deferred Policy Acquisition Cost	147.22	126.53	104.23	91.45	87.09
Property, Plant & Equipment	157.43	163.43	159.59	167.53	148.49
Other Intangible Assets	3.91	4.62	5.32	6.03	6.74
Other Current Assets	44.89	27.68	11.3	9.33	12.97
Long-Term Deferred Tax Assets	23.02	13.62	15.53	-	-
Other Long-Term Assets	106.35	94.31	62.2	51.24	18.58
Total Assets	3,488	3,144	2,882	3,013	3,070
Accrued Expenses	149.78	142.64	93.59	72.48	107.38
Unpaid Claims	1,797	1,639	1,497	1,514	1,578
Unearned Premiums	621.45	549.38	474.39	439.73	464.85
Current Portion of Leases	9.17	9.36	8.45	8.3	6.89
Long-Term Debt	117.06	50	50	50	50
Long-Term Leases	12.7	20.31	18.47	22.07	12.36
Long-Term Deferred Tax Liabilities	-	-	-	26.75	24.93
Total Liabilities	2,707	2,410	2,142	2,134	2,245
Common Stock	0.03	0.03	0.03	0.03	0.03
Additional Paid-In Capital	215.85	209.99	207.03	203.38	202.36
Retained Earnings	620.44	574.69	620.56	621.38	555.85
Comprehensive Income & Other	-54.78	-50.96	-87.5	54.34	66.91
Shareholders' Equity	781.53	733.75	740.11	879.12	825.15
Total Liabilities & Equity	3,488	3,144	2,882	3,013	3,070
Filing Date Shares Outstanding	25.38	25.28	25.22	25.1	25.09
Total Common Shares Outstanding	25.38	25.27	25.21	25.08	25.06
Total Debt	138.93	79.67	76.92	80.37	69.24
Net Cash (Debt)	62.02	22.38	19.73	51.73	18.7
Net Cash Growth	177.16%	13.44%	-61.87%	176.58%	-82.16%
Net Cash Per Share	2.39	0.89	0.78	2.03	0.75
Book Value Per Share	30.80	29.04	29.36	35.05	32.93
Tangible Book Value	777.63	729.13	734.79	873.09	818.41
Tangible Book Value Per Share	30.64	28.85	29.15	34.81	32.66
Land	76.42	78.68	80.35	87.89	2.97

Updated Feb 26, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.

SEC Filings: 10-K · 10-Q