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UFG(UFCS) - 2024 Q3 - Quarterly Report
2024-11-06 17:56
Table of Contents Title of each class Trading Symbol Name of each exchange on which registered Common Stock, $0.001 par value UFCS The NASDAQ Global Select Market UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 001-34257 ...
United Fire Group (UFCS) Surpasses Q3 Earnings and Revenue Estimates
ZACKS· 2024-11-05 23:30
United Fire Group (UFCS) came out with quarterly earnings of $0.81 per share, beating the Zacks Consensus Estimate of $0.21 per share. This compares to earnings of $0.31 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 285.71%. A quarter ago, it was expected that this property and casualty insurance company would post a loss of $0.04 per share when it actually produced a loss of $0.07, delivering a surprise of -75%.Over the las ...
UFG(UFCS) - 2024 Q3 - Quarterly Results
2024-11-05 21:07
Exhibit 99.1 United Fire Group, Inc. Reports Third Quarter 2024 Results Net income of $0.76 per diluted share and adjusted operating income of $0.81 per diluted share (1) Third quarter 2024 highlights compared to third quarter 2023: • Net income increased from $6.4 million to $19.7 million. • Net investment income increased 49% to $24.5 million. • GAAP combined ratio improved 3.8 points to 98.2%; composed of an underlying loss ratio of 57.9%, catastrophe loss ratio of 4.4%, no prior year reserve development ...
United Fire Group, Inc. Reports Third Quarter 2024 Results
GlobeNewswire News Room· 2024-11-05 21:01
Third quarter 2024 highlights compared to third quarter 2023:(1) Net income increased from $6.4 million to $19.7 million.Net investment income increased 49% to $24.5 million.GAAP combined ratio improved 3.8 points to 98.2%; composed of an underlying loss ratio of 57.9%, catastrophe loss ratio of 4.4%, no prior year reserve development, and underwriting expense ratio of 35.9%.The underlying combined ratio improved 2.1 points to 93.8%.Net premiums written(2) increased 23% to $305.6 million.Book value per comm ...
United Fire Group, Inc. Announces Its 2024 Third Quarter Earnings Call
GlobeNewswire News Room· 2024-10-22 18:00
CEDAR RAPIDS, Iowa, Oct. 22, 2024 (GLOBE NEWSWIRE) -- United Fire Group, Inc. (Nasdaq: UFCS) (the "Company", "UFG", "we", or "our") announced today that its 2024 third quarter earnings results will be released after the market closes on Tuesday, November 5, 2024. An earnings call will be held on Wednesday, November 6, 2024 at 9:00 a.m. central time to allow securities analysts, shareholders and other interested parties the opportunity to hear management discuss the Company's 2024 third quarter results. Tele ...
Vanguard Group Inc's Strategic Reduction in United Fire Group Inc Holdings
Gurufocus· 2024-10-04 20:07
Overview of Vanguard's Recent Transaction On September 30, 2024, Vanguard Group Inc executed a significant transaction involving the shares of United Fire Group Inc (UFCS, Financial), a noted player in the property and casualty insurance sector. The firm reduced its holdings by 300,293 shares, resulting in a new total of 1,336,649 shares. This move, marked at a trading price of $20.93 per share, reflects a strategic adjustment in Vanguard's investment portfolio, despite the trade having a neutral impact on ...
United Fire Group, Inc. Declares a Common Stock Quarterly Cash Dividend of $0.16 per Share
GlobeNewswire News Room· 2024-08-16 18:00
CEDAR RAPIDS, Iowa, Aug. 16, 2024 (GLOBE NEWSWIRE) -- Today, the Board of Directors of United Fire Group, Inc. (Nasdaq: UFCS) ("UFG") declared a common stock quarterly cash dividend of $0.16 per share. This dividend will be payable September 13, 2024 to shareholders of record as of August 30, 2024. UFG has a long history of paying quarterly dividends, with the quarterly cash dividend declared today marking the 226th consecutive quarterly dividend paid, dating back to March 1968. About UFG Founded in 1946 as ...
UFG(UFCS) - 2024 Q2 - Quarterly Report
2024-08-07 21:07
Table of Contents Title of each class Trading Symbol Name of each exchange on which registered Common Stock, $0.001 par value UFCS The NASDAQ Global Select Market UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 001-34257 _____ ...
UFG(UFCS) - 2024 Q2 - Earnings Call Transcript
2024-08-07 19:46
United Fire Group, Inc. (NASDAQ:UFCS) Q2 2024 Earnings Conference Call August 7, 2024 10:00 AM ET Company Participants Tim Borst – Vice President of Investor Relations Kevin Leidwinger – President and Chief Executive Officer Julie Stephenson – Executive Vice President and Chief Operating Officer Eric Martin – Executive Vice President and Chief Financial Officer Conference Call Participants Paul Newsome – Piper Sandler Operator Good day, and welcome to the United Fire Group Insurance 2024 Second Quarter Conf ...
UFG(UFCS) - 2024 Q2 - Earnings Call Presentation
2024-08-07 14:58
SECOND QUARTER 2024 RESULTS AUGUST 7, 2024 Safe harbor statement and non-GAAP measures This presentation may contain forward-looking statements about our operations, anticipated performance and other similar matters. The Private Securities Litigation Reform Act of 1995 provides a safe harbor under the Securities Act of 1933 and the Securities Exchange Act of 1934 for forward-looking statements. The forward-looking statements are not historical facts and involve risks and uncertainties that could cause actua ...