United Fire Group, Inc. Reports Third Quarter 2024 Results
United Fire Group, Inc (UFCS)
US:NASDAQ Investor Relations:
ir.ufginsurance.com
Company Research
Source: GlobeNewswire
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 common share increased $1.97 to $31.01 as of September 30, 2024, compared to December 31, 2023.Adjusted book value per share excluding net after-tax unrealized gains and losses of $32.42 as of September 30, 2024. CEDAR RAPIDS, Iowa, Nov. 05, 2024 (GLOBE NEWSWIRE) -- United Fire Group, Inc. (“UFG”) (Nasdaq: UFCS) today reported financial results for the three-month period ended September 30, 2024, with a consolidated net income of $19.7 million ($0.76 income per diluted share) and co
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News
- United Fire Group (UFCS) Is Up 4.44% in One Week: What You Should Know [Yahoo! Finance]Yahoo! Finance
- Is United Fire Group (UFCS) Stock Undervalued Right Now? [Yahoo! Finance]Yahoo! Finance
- United Fire Group, Inc. (NASDAQ: UFCS) was upgraded by analysts at Piper Sandler from an "underweight" rating to a "neutral" rating. They now have a $26.00 price target on the stock, up previously from $19.00.MarketBeat
- United Fire Group, Inc. Declares a Common Stock Quarterly Cash Dividend of $0.16 per ShareGlobeNewswire
- Three Hidden Stock Gems in the United States with Promising Potential [Yahoo! Finance]Yahoo! Finance
UFCS
Earnings
- 11/5/24 - Beat
UFCS
Sec Filings
- 11/19/24 - Form 144
- 11/19/24 - Form 4
- 11/18/24 - Form 4
- UFCS's page on the SEC website