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UFG(UFCS) - 2024 Q2 - Quarterly Results
UFCSUFG(UFCS)2024-08-06 20:11

Exhibit 99.1 United Fire Group, Inc. Reports Second Quarter 2024 Results Second Quarter Net Loss of 0.11perDilutedShareandAdjustedOperatingLossof0.11 per Diluted Share and Adjusted Operating Loss of 0.07 per Diluted Share Second quarter 2024 highlights: • Net loss of 2.7millionincludesa2.7 million includes a 3.2 million pre-tax charge for an estimated contingent liability related to rating errors. • Net premiums written increased 9.0% to 326.1millioncomparedtothesecondquarterof2023.Netinvestmentincomeincreased59.2326.1 million compared to the second quarter of 2023. • Net investment income increased 59.2% to 18.0 million compared to the se ...