Welcome to our dedicated page for United Fire Group news (Ticker: UFCS), a resource for investors and traders seeking the latest updates and insights on United Fire Group stock.
United Fire Group Inc (UFCS) provides property and casualty insurance through independent agents across multiple states. This news hub delivers official updates and analysis for stakeholders tracking the company's commercial lines, personal insurance offerings, and reinsurance strategies.
Access timely UFCS press releases covering earnings results, leadership appointments, product innovations, and regulatory developments. Our curated collection enables investors to monitor underwriting performance while analysts can assess market positioning within the competitive insurance sector.
Key updates on risk management practices, regional expansion initiatives, and actuarial developments are maintained here. Bookmark this page for verified information about UFCS operations, financial health, and strategic partnerships – essential for understanding this established insurer's evolving market role.
United Fire Group, Inc. (Nasdaq: UFCS) will release its 2023 Q1 earnings results after the market closes on May 8, 2023. A teleconference for discussing these results is scheduled for May 9, 2023, at 9:00 a.m. CT, allowing analysts and shareholders to engage with management. Interested participants can access the call by dialing 1-844-492-3723 (international: 1-412-542-4184) and can replay the event until May 16, 2023, using access code 5329011. The teleconference will also be available as a webcast on the company's investor relations page. Founded in 1946, UFG offers property and casualty insurance across all 50 states and is rated 'A' (Excellent) by A.M. Best.
United Fire Group (Nasdaq: UFCS) announced the declaration of a quarterly cash dividend of $0.16 per share, payable on March 24, 2023, to shareholders of record as of March 10, 2023. This marks the company's 220th consecutive quarterly dividend, a streak dating back to March 1968. UFG, established in 1946, operates as a property and casualty insurer across all 50 states and the District of Columbia, serving approximately 1,000 independent agencies. The company holds an A, Excellent.
United Fire Group, Inc. (Nasdaq: UFCS) reported its fourth quarter 2022 financial results, showing a net income of $20.1 million or $0.79 per diluted share, with an adjusted operating income of $0.18 per diluted share. Total net premiums written rose 6.3% year-over-year. The company's GAAP combined ratio was 103.6%, primarily due to catastrophe losses of 4.9% and unfavorable reserve development. For the full year, net income decreased to $15.0 million ($0.59 per diluted share), with a combined ratio of 101.4%. Book value per share rose 5.5% to $29.36 compared to the previous quarter. Investment income dropped by 19.4% compared to 2021.
United Fire Group, Inc. (Nasdaq: UFCS) announced its 2022 fourth quarter earnings results will be released after the market closes on February 15, 2023. A teleconference for analysts and shareholders is scheduled for February 16, 2023, at 9:00 a.m. central time, allowing for a detailed discussion of the results. Dial-in information includes a toll-free number, and the event will be archived for digital replay until February 23, 2023. Founded in 1946, United Fire specializes in property and casualty insurance, licensed in all 50 states and the District of Columbia with a rating of 'A' (Excellent) from A.M. Best Company.
United Fire Group Inc. (UFCS) announced the retirement of Kyle D. Skogman from its board of directors effective after the annual meeting on May 17, 2023. Skogman has been a board member since 2000 and served as vice chairman since 2021. His retirement aligns with company bylaws requiring directors to resign upon reaching age 72. Board Chairman Jim Noyce praised Skogman's 22 years of service, highlighting his contributions and leadership. Following Skogman’s retirement, the board will consist of 11 members. UFG is a property and casualty insurance provider operating in all 50 states and the District of Columbia.
