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Stock impact report

United Fire Group, Inc. Reports Fourth Quarter and Full Year 2024 Results [Yahoo! Finance]

United Fire Group, Inc (UFCS) 
US:NASDAQ Investor Relations: ir.ufginsurance.com
Company Research Source: Yahoo! Finance
25 min read In This Article UFCS United Fire Group, Inc Fourth quarter net income of $1.21 per diluted share and adjusted operating income of $1.25 per diluted share; full year net income of $2.39 per diluted share and adjusted operating income of $2.56 per diluted share Fourth quarter 2024 highlights compared to fourth quarter 2023: Net income increased from $19.6 million to $31.4 million. Net investment income increased 21.2% to $23.2 million. Combined ratio improved 4.8 points to 94.4%; composed of an underlying loss ratio of 55.7%, catastrophe loss ratio of 1.6%, no prior year reserve development, and underwriting expense ratio of 37.1%. Underlying combined ratio improved 1.6 points to 92.8%. Net written premiums increased 13% to $278.5 million. Full year 2024 highlights compared to full year 2023: Net income increased to $62.0 million. Net investment income increased 37.5% to $82.0 million. Combined ratio improved 10.1 points to 99.2%; composed of an Show less Read more
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