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UFCSUnited Fire Group, Inc.
$48.29$1.2B
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UFCS logoUnited Fire Group, Inc.(UFCS)Earnings, Financials & Key Ratios

UFCS•NASDAQ•Insurance & Managed Care
10.8× P/E·Price updated Jun 19, 2026
SectorFinancial ServicesIndustryProperty & Casualty InsuranceSub-IndustryCommercial lines and surety insurers
AboutUnited Fire Group, Inc., together with its subsidiaries, provides property and casualty insurance for individuals and businesses in the United States. The company offers commercial and personal lines of property and casualty insurance; and commercial multiple peril and inland marine insurance, as well as assumed reinsurance products. Its commercial policies include fire and allied lines, other liability, automobile, workers' compensation, and fidelity and surety coverage; and personal lines comprise automobile, and fire and allied lines coverage, including homeowners. The company sells its products through a network of independent agencies. United Fire Group, Inc. was founded in 1946 and is headquartered in Cedar Rapids, Iowa.Show more
  • Revenue$1.39B+10.7%
  • Combined Ratio89.33%-4.8%
  • Net Income$118M+90.8%
  • Return on Equity13.72%+67.8%
  • Medical Cost Ratio55.14%-32.7%
  • Operating Margin10.67%+73.4%
  • Net Margin8.52%+72.2%
  • ROA3.23%+72.6%
  • Equity / Assets24.5%+9.4%

UFCS Key Insights

United Fire Group, Inc. (UFCS) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓Profitable underwriting: 89.3% combined ratio
  • ✓Strong Piotroski F-Score: 7/9
  • ✓Momentum leader: RS Rating 85 (top 15%)
  • ✓Low loss ratio of 55.1%
  • ✓Trading near 52-week high
  • ✓Trading at only 1.4x book value

✗Weaknesses

No significant weaknesses identified

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

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UFCS Price & Volume

United Fire Group, Inc. (UFCS) stock price & volume — 10-year historical chart

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UFCS Growth Metrics

United Fire Group, Inc. (UFCS) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years4.45%
5 Years5.16%
3 Years11.95%
TTM10.79%

Profit CAGR

10 Years2.86%
5 Years-
3 Years98.85%
TTM97.33%

EPS CAGR

10 Years2.41%
5 Years-
3 Years96.55%
TTM96.05%

Return on Capital

10 Years2.24%
5 Years5.07%
3 Years4.74%
Last Year13.7%

UFCS Recent Earnings

United Fire Group, Inc. (UFCS) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 10/12 qtrs (83%)●Beat Revenue 9/12 qtrs (75%)
Q2 2026Latest
May 5, 2026
Metric
Actual
Est
EPS
$1.16+33.3%
$0.87
Rev
$343M+0.8%
$340M
Q1 2026
Feb 10, 2026
Metric
Actual
Est
EPS
$1.50+66.7%
$0.90
Rev
$341M+11.5%
$306M
Q4 2025
Nov 4, 2025
Metric
Actual
Est
EPS
$1.50+117.4%
$0.69
Rev
$354M+6.5%
$332M
Q3 2025
Aug 5, 2025
Metric
Actual
Est
EPS
$0.90+57.9%
$0.57
Rev
$337M-2.5%
$345M
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestMay 5, 2026
$1.16vs $0.87+33.3%
$343Mvs $340M+0.8%
Q1 2026Feb 10, 2026
$1.50vs $0.90+66.7%
$341Mvs $306M+11.5%
Q4 2025Nov 4, 2025
$1.50vs $0.69+117.4%
$354Mvs $332M+6.5%
Q3 2025Aug 5, 2025
$0.90vs $0.57+57.9%
$337Mvs $345M-2.5%
Based on last 12 quarters of dataView full earnings history →

UFCS Peer Comparison

United Fire Group, Inc. (UFCS) competitors in Commercial lines and surety insurers — business model, growth, and fundamentals comparison

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
Institutional Holdings
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
KMPR logoKMPRKemper CorporationDirect Competitor1.47B25.0310.933.62%0.89%1.53%0.38
ERIE logoERIEErie Indemnity CompanyDirect Competitor10.21B221.1420.827.17%13.2%25.03%
NODK logoNODKNI Holdings, Inc.Direct Competitor325.86M15.91-31.82-12.35%-1.6%-1.79%
PLMR logoPLMRPalomar Holdings, Inc.Direct Competitor2.96B111.7015.5858.16%20.15%21.74%0.01
HIG logoHIGThe Hartford Financial Services Group, Inc.Product Competitor35.27B128.259.637.1%14.13%22.01%0.23
TRV logoTRVThe Travelers Companies, Inc.Product Competitor66.56B307.8111.225.17%12.88%19.12%0.28
CNA logoCNACNA Financial CorporationProduct Competitor12.04B44.529.495.1%8.95%11.94%0.26
WRB logoWRBW. R. Berkley CorporationProduct Competitor25.16B67.1815.107.82%12.1%18.86%0.29

Compare UFCS vs Peers

United Fire Group, Inc. (UFCS) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs KMPR

Most directly comparable listed peer for UFCS.

Scale Benchmark

vs MMC

Larger-name benchmark to compare UFCS against a more recognizable public peer.

Peer Set

Compare Top 5

vs KMPR, ERIE, NODK, PLMR

UFCS Income Statement

United Fire Group, Inc. (UFCS) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
MetricDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Revenue
1.06B1.08B1.2B1.08B1.06B988.22M1.1B1.25B1.39B1.43B
Revenue Growth %
7.03%2.34%11.09%-10.15%-2.02%-6.46%11.14%13.98%10.75%10.79%
Medical Costs & Claims
933.46M937.84M1.05B1.08B855.59M850.38M1.01B1.03B764.4M730.63M
Medical Cost Ratio %
88.43%86.81%87.24%100.14%80.98%86.05%92.36%81.95%55.14%51.24%
Gross Profit
122.09M▲ 0%
142.44M▲ 16.7%
153.18M▲ 7.5%
-1.46M▼ 101.0%
200.91M▲ 13870.0%
137.84M▼ 31.4%
83.93M▼ 39.1%
225.92M▲ 169.2%
622.01M▲ 175.3%
325.77M▲ 0%
Gross Margin %
11.57%13.19%12.76%-0.14%19.02%13.95%7.64%18.05%44.86%22.85%
Gross Profit Growth %
10.21%16.67%7.54%-100.95%13870.05%-31.39%-39.11%169.19%175.33%-
Operating Expenses
106.44M151.59M136.3M168.06M104.06M125.76M123.65M148.88M474.07M199.69M
OpEx / Revenue %
10.08%14.03%11.36%15.59%9.85%12.73%11.26%11.89%34.19%14%
Depreciation & Amortization
4.57M5.17M11.19M6.66M6.57M7.67M10.51M10.9M05.32M
Combined Ratio %
98.52%100.85%98.59%115.72%90.83%98.78%103.62%93.85%89.33%65.25%
Operating Income
15.65M▲ 0%
-9.15M▼ 158.5%
16.88M▲ 284.5%
-169.51M▼ 1104.3%
96.84M▲ 157.1%
12.08M▼ 87.5%
-39.72M▼ 428.9%
77.03M▲ 293.9%
147.94M▲ 92.0%
164.09M▲ 0%
Operating Margin %
1.48%-0.85%1.41%-15.72%9.17%1.22%-3.62%6.15%10.67%11.51%
Operating Income Growth %
-72.78%-158.47%284.47%-1104.3%157.13%-87.53%-428.9%293.94%92.04%-
EBITDA
20.22M-3.98M28.07M-162.86M103.41M19.75M-29.21M87.94M159.2M172.59M
EBITDA Margin %
1.92%-0.37%2.34%-15.1%9.79%2%-2.66%7.02%11.48%12.1%
Interest Expense
00003.19M3.19M3.26M7.28M11.27M11.97M
Non-Operating Income
0000-3.19M-3.19M-3.26M-7.28M-11.27M-8.78M
Pretax Income
15.65M▲ 0%
-9.15M▼ 158.5%
16.88M▲ 284.5%
-169.51M▼ 1104.3%
96.84M▲ 157.1%
12.08M▼ 87.5%
-39.72M▼ 428.9%
77.03M▲ 293.9%
147.94M▲ 92.0%
164.09M▲ 0%
Pretax Margin %
1.48%-0.85%1.41%-15.72%9.17%1.22%-3.62%6.15%10.67%11.51%
Income Tax
-29.22M-11.4M2.06M-56.81M16.25M-2.95M-10.02M15.08M29.75M33.55M
Effective Tax Rate %
-186.71%124.64%12.2%33.51%16.78%-24.46%25.23%19.57%20.11%20.45%
Net Income
51.02M▲ 0%
27.65M▼ 45.8%
14.82M▼ 46.4%
-112.71M▼ 860.5%
80.59M▲ 171.5%
15.03M▼ 81.3%
-29.7M▼ 297.6%
61.96M▲ 308.6%
118.19M▲ 90.8%
130.54M▲ 0%
Net Margin %
4.83%2.56%1.23%-10.45%7.63%1.52%-2.7%4.95%8.52%9.16%
Net Income Growth %
2.24%-45.81%-46.4%-860.5%171.51%-81.35%-297.59%308.61%90.76%97.33%
EPS (Diluted)
1.99▲ 0%
1.08▼ 45.7%
0.58▼ 46.3%
-4.50▼ 875.9%
3.16▲ 170.2%
0.59▼ 81.3%
-1.18▼ 300.0%
2.39▲ 302.5%
4.48▲ 87.4%
5.00▲ 0%
EPS Growth %
3.11%-45.73%-46.3%-875.86%170.22%-81.33%-300%302.54%87.45%96.05%
EPS (Basic)
2.051.100.59-4.503.210.60-1.182.454.48-
Diluted Shares Outstanding
25.64M25.62M25.58M25.03M25.09M25.32M25.25M25.92M26.38M26.1M

UFCS Balance Sheet

United Fire Group, Inc. (UFCS) balance sheet — assets, liabilities & shareholders' equity

MetricDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Total Assets
4.18B2.82B3.01B3.07B3.01B2.88B3.14B3.49B3.84B3.91B
Asset Growth %
3.17%-32.67%6.99%1.87%-1.86%-4.33%9.09%10.95%10.1%34.17%
Total Investment Assets
1.89B2.07B175K2.15B2.06B275K100K2.09B2.46B2.25M
Long-Term Investments
0002.03B2.06B00224.66M1.35B2.61B
Short-Term Investments
175K175K175K175K275K275K100K1.87B1.12B0
Total Current Assets
424.25M411.45M478.53M0632.07M462.65M566.94M02.06B162.03M
Cash & Equivalents
95.56M64.45M120.72M87.95M132.1M96.65M102.05M200.95M156.33M162.03M
Receivables
328.51M346.82M357.63M544.03M476.96M365.73M464.79M695.81M755.2M2.59B
Other Current Assets
000-645.11M13.4M00-1.87B0-546.38M
Goodwill & Intangibles
23.97M23.25M22.54M6.74M6.03M5.32M4.62M3.91M161.38M335.77M
Goodwill
15.09M15.09M15.09M0000000
Intangible Assets
8.88M8.16M7.45M6.74M6.03M5.32M4.62M3.91M161.38M3.02M
PP&E (Net)
68.99M97.19M116.99M129.87M137.7M133.11M134.25M136.02M132.63M130.16M
Other Assets
000-2.17B172.51M003.12B122.75M0
Total Liabilities
3.21B1.93B2.1B2.24B2.13B2.14B2.41B2.71B2.9B2.96B
Total Debt
00050M50M50M50M117.06M146.2M0
Net Debt
-95.56M-64.45M-120.72M-37.95M-82.1M-46.65M-52.05M-83.89M-10.13M-162.03M
Long-Term Debt
00050M50M50M50M117.06M146.2M0
Short-Term Debt
0000000000
Total Current Liabilities
1.33B1.37B139.65M02.08B1.46B142.64M02.59B0
Accounts Payable
0000000000
Deferred Revenue
0000000621.45M660.21M0
Other Current Liabilities
1.16B1.25B0-126.62M1.98B1.36B0-771.23M1.92B0
Deferred Taxes
1000K01000K1000K1000K001000K00
Other Liabilities
3.2B1.81B1.94B-74.93M-26.75M2B2.22B2.29B168.38M2.96B
Total Equity
973.37M▲ 0%
888.38M▼ 8.7%
910.47M▲ 2.5%
825.15M▼ 9.4%
879.12M▲ 6.5%
740.11M▼ 15.8%
733.75M▼ 0.9%
781.53M▲ 6.5%
941.17M▲ 20.4%
950.61M▲ 0%
Equity Growth %
3.34%-8.73%2.49%-9.37%6.54%-15.81%-0.86%6.51%20.43%67.44%
Shareholders Equity
973.37M888.38M910.47M825.15M879.12M740.11M733.75M781.53M941.17M950.61M
Minority Interest
0000000000
Retained Earnings
608.7M715.47M697.12M555.85M621.38M620.55M574.69M620.44M722.32M747.26M
Common Stock
25K25K25K25K25K25K25K25K25K26K
Accumulated OCI
168.31M-30.47M13.15M66.91M54.34M-87.5M-50.96M-54.78M-5.06M-20.74M
Return on Equity (ROE)
5.33%2.97%1.65%-12.99%9.46%1.86%-4.03%8.18%13.72%14.36%
Return on Assets (ROA)
1.24%0.79%0.51%-3.71%2.65%0.51%-0.99%1.87%3.23%3.44%
Equity / Assets
23.27%31.54%30.21%26.88%29.18%25.68%23.34%22.4%24.5%24.32%
Debt / Equity
---0.06x0.06x0.07x0.07x0.15x0.16x0.00x
Book Value per Share
37.9634.6735.5932.9735.0429.2329.0630.1535.6736.42
Tangible BV per Share
37.0333.7634.7132.7034.8029.0228.8830.0029.5636.31

UFCS Cash Flow Statement

United Fire Group, Inc. (UFCS) cash flow — operating, investing & free cash flow history

MetricDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Cash from Operations
170.09M110.1M93.75M41.44M29.92M-1.25M171.74M340.3M269.74M290.7M
Operating CF Growth %
-20.66%-35.27%-14.85%-55.8%-27.8%-104.18%13827.9%98.16%-20.73%1.61%
Operating CF / Revenue %
16.11%10.19%7.81%3.84%2.83%-0.13%15.64%27.18%19.46%20.39%
Net Income
44.87M29.56M14.82M-112.71M80.59M15.03M-29.7M61.96M118.19M130.54M
Depreciation & Amortization
4.57M5.17M11.19M6.66M6.57M7.67M10.51M10.9M08.24M
Stock-Based Compensation
4.81M5.25M6.15M4.99M3.44M2.83M3.25M5.52M06.87M
Deferred Taxes
-5.92M-16.22M10.15M-17.47M5.63M-3.93M-8.31M-8.39M02.34M
Other Non-Cash Items
38.72M20.65M-42.99M130.68M4.63M54.35M121.63M66.81M19.98M41.48M
Working Capital Changes
83.05M65.69M94.43M29.28M-70.95M-77.19M74.36M203.5M131.57M101.22M
Cash from Investing
-61.98M-19.2M4.5M-92.87M31.73M-19.17M-149.89M-292.49M-325.96M-321.19M
Capital Expenditures
-17.16M-33.05M-32.43M-18.86M-13.98M-2.14M-10.89M-11.87M-6.45M-4.33M
Acquisitions
0000000000
Purchase of Investments
-267.54M-540.35M-257.81M-444.66M-405.43M-297.35M-292.95M-960.57M-713.97M-782.64M
Sale/Maturity of Investments
205.11M263.8M311.67M376.22M451.14M280.42M162.08M670.58M379.82M451.16M
Other Investing
17.6M290.4M-16.93M-5.56M0-103K-8.14M9.38M14.63M14.63M
Cash from Financing
-107.55M-115.19M-41.98M18.66M-17.49M-15.03M-16.45M51.09M11.6M8.85M
Dividends Paid
-27.34M-105.41M-32.66M-28.53M-15.06M-15.86M-16.16M-16.21M-16.31M-17.36M
Share Repurchases
-29.78M-5.4M-11.7M-2.74M-2.01M0-290K0-993K-1.45M
Stock Issued
4.83M7.17M2.38M-71K-421K828K0348K0-1.25M
Debt Issuance (Net)
0001000K0001000K1000K1000K
Other Financing
-55.26M-11.55M00-421K0000-2.44M
Net Change in Cash
6.37M▲ 0%
-31.11M▼ 588.5%
56.27M▲ 280.9%
-32.77M▼ 158.2%
44.16M▲ 234.7%
-35.45M▼ 180.3%
5.4M▲ 115.2%
98.9M▲ 1732.9%
-44.62M▼ 145.1%
-21.65M▲ 0%
Exchange Rate Effect
0000000000
Cash at Beginning
89.19M95.56M64.45M120.72M87.95M132.1M96.65M102.05M200.95M156.33M
Cash at End
95.56M64.45M120.72M87.95M132.1M96.65M102.05M200.95M156.33M162.03M
Free Cash Flow
152.94M▲ 0%
77.05M▼ 49.6%
61.33M▼ 20.4%
22.57M▼ 63.2%
15.94M▼ 29.4%
-3.39M▼ 121.3%
160.85M▲ 4847.6%
328.43M▲ 104.2%
263.3M▼ 19.8%
286.36M▲ 0%
FCF Growth %
-26.04%-49.62%-20.41%-63.19%-29.38%-121.25%4847.64%104.19%-19.83%-12.71%
FCF Margin %
14.49%7.13%5.11%2.09%1.51%-0.34%14.64%26.24%18.99%20.08%
FCF per Share
5.963.012.40.90.64-0.136.3712.679.9810.97

UFCS Key Ratios

United Fire Group, Inc. (UFCS) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric201720182019202020212022202320242025TTM
Combined Ratio
98.52%100.85%98.59%115.72%90.83%98.78%103.62%93.85%89.33%65.25%
Medical Cost Ratio
88.43%86.81%87.24%100.14%80.98%86.05%92.36%81.95%55.14%51.24%
Return on Equity (ROE)
5.33%2.97%1.65%-12.99%9.46%1.86%-4.03%8.18%13.72%14.36%
Return on Assets (ROA)
1.24%0.79%0.51%-3.71%2.65%0.51%-0.99%1.87%3.23%3.44%
Equity / Assets
23.27%31.54%30.21%26.88%29.18%25.68%23.34%22.4%24.5%24.32%
Book Value / Share
37.9634.6735.5932.9735.0429.2329.0630.1535.6736.42
Debt / Equity
---0.06x0.06x0.07x0.07x0.15x0.16x0.00x
Revenue Growth
7.03%2.34%11.09%-10.15%-2.02%-6.46%11.14%13.98%10.75%10.79%
Related:UFCS Dividend History·UFCS Revenue History·UFCS Price History·UFCS P/E History·UFCS Financial Ratios·UFCS Institutional Holders

UFCS SEC Filings & Documents

United Fire Group, Inc. (UFCS) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

May 5, 2026·SEC

Material company update

Apr 21, 2026·SEC

Material company update

Feb 11, 2026·SEC

10-K Annual Reports

3
FY 2026

Feb 26, 2026·SEC

FY 2025

Feb 26, 2025·SEC

FY 2024

Feb 29, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

May 6, 2026·SEC

FY 2025

Nov 5, 2025·SEC

FY 2025

Aug 6, 2025·SEC

UFCS Frequently Asked Questions

United Fire Group, Inc. (UFCS) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

United Fire Group, Inc. (UFCS) grew revenue by 10.7% over the past year. This is steady growth.

Yes, United Fire Group, Inc. (UFCS) is profitable, generating $130.5M in net income for fiscal year 2025 (8.5% net margin).

Dividend & Returns

Yes, United Fire Group, Inc. (UFCS) pays a dividend with a yield of 1.28%. This makes it attractive for income-focused investors.

United Fire Group, Inc. (UFCS) has a return on equity (ROE) of 13.7%. This is reasonable for most industries.

Industry Metrics

United Fire Group, Inc. (UFCS) has a combined ratio of 89.3%. A ratio below 100% indicates underwriting profitability.

What if you invested $1,000 in UFCS back in 1996?

Total return calculator · dividends reinvested · 30+ years of data

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How much would $100/month in UFCS be worth today?

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