United Fire Group, Inc. Reports Estimates for Fourth Quarter and Year End 2019 Results
United Fire Group, Inc (UFCS)
US:NASDAQ Investor Relations:
ir.ufginsurance.com
Company Research
Source: GlobeNewswire
CEDAR RAPIDS, Iowa, Feb. 13, 2020 (GLOBE NEWSWIRE) -- United Fire Group, Inc. (Nasdaq: UFCS) ("UFG") announced today that it estimates reporting a net loss per diluted share in the range of $0.91 and $0.95 for the fourth quarter of 2019 and net income per diluted share in the range of $0.56 and $0.60 for the full year of 2019. Also, for the fourth quarter of 2019, the Company estimates reporting a GAAP combined ratio in the range of 117 percent to 119 percent, with a GAAP loss ratio in the range of 84 percent to 87 percent. For the full year of 2019, the Company estimates a GAAP combined ratio in the range of 108 percent to 110 percent, with a GAAP loss ratio in the range of 75 percent to 78 percent. These numbers are estimates and are unaudited. "Our 2019 results were negatively impacted by commercial auto losses and prior year reserve strengthening in our Gulf Coast Region," stated Randy A. Ramlo, President and Chief Executive Officer. "The escalation of commercial auto losses in
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UFCS
Earnings
- 11/5/24 - Beat
UFCS
Sec Filings
- 12/19/24 - Form 4
- 12/19/24 - Form 144
- 11/19/24 - Form 144
- UFCS's page on the SEC website