United Fire Group, Inc. (UFCS)

United Fire Group Cash Flow Statement

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	130.54	118.19	61.96	-29.7	15.03	80.59
Depreciation & Amortization	11.2	10.77	10.9	10.51	7.67	6.57
Stock-Based Compensation	9.89	9.03	5.52	3.25	2.83	3.44
Other Adjustments	7.39	0.18	58.42	113.32	49.77	9.79
Changes in Receivables	-93.74	-47.12	13.99	-99.06	-48.96	0.52
Changes in Reinsurance Contract Assets	16.05	4.86	-24.77	-68.7	-45.11	36.36
Changes in Deferred Acquisition Costs	-10.88	-10.96	-20.69	-22.31	-12.78	-4.35
Changes in Accrued Expenses	17.86	-2.13	1.43	70.96	12.97	2.43
Changes in Unearned Premiums	47.23	38.76	72.06	75	34.66	-25.11
Changes in Claims Reserves	153.8	128.04	158.03	141.48	-16.99	-63.87
Changes in Income Taxes Payable	9.31	13.65	7.28	9.96	0.96	33.82
Changes in Other Operating Activities	-7.96	6.47	-3.83	-32.96	-1.29	-50.28
Operating Cash Flow	290.7	269.74	340.3	171.74	-1.25	29.92
Operating Cash Flow Growth	-14.46%	-20.73%	98.16%	-	-	-27.80%
Capital Expenditures	-4.34	-6.45	-11.87	-10.89	-2.14	-13.98
Purchases of Investments	-769.37	-713.97	-960.57	-301.08	-297.45	-405.43
Proceeds from Sale of Investments	459	394.45	679.96	162.08	280.42	451.14
Investing Cash Flow	-321.19	-325.96	-292.49	-149.89	-19.17	31.73
Long-Term Debt Issued	30	30	70	-	-	-
Net Long-Term Debt Issued (Repaid)	30	30	70	-	-	-
Issuance of Common Stock	-2.7	-0.99	0.35	-0.29	0.83	-0.42
Repurchase of Common Stock	-	-	-	-	-	-2.01
Net Common Stock Issued (Repurchased)	-2.7	-0.99	0.35	-0.29	0.83	-2.43
Common Dividends Paid	-17.36	-16.31	-16.21	-16.16	-15.86	-15.06
Other Financing Activities	-1.1	-1.1	-3.05	-	-	-
Financing Cash Flow	8.85	11.6	51.09	-16.45	-15.03	-17.49
Net Cash Flow	-21.65	-44.62	98.9	5.4	-35.45	44.16
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%
FCF Margin	20.10%	18.99%	26.21%	14.68%	-0.35%	1.50%
Free Cash Flow Per Share	10.87	9.99	12.67	6.37	-0.13	0.62
Levered Free Cash Flow	239.02	203.17	162.48	1.87	9.97	66.05
Unlevered Free Cash Flow	218.54	182.17	98.34	4.31	13.94	68.7

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

SEC Filings: 10-K · 10-Q