UFG-United Fire Group, Inc. Reports Third Quarter 2024 Results

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 ...