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.
The Board of Directors of United Fire Group, Inc. (Nasdaq: UFCS) has declared a quarterly cash dividend of $0.15 per share, to be paid on March 19, 2021, to shareholders of record as of March 5, 2021. This marks the 212th consecutive quarterly dividend since March 1968, affirming the company's commitment to returning value to shareholders. United Fire Group, founded in 1946, specializes in property and casualty insurance and is rated A (Excellent) by A.M. Best.
United Fire Group reported a consolidated net loss of $8.9 million ($0.36 per diluted share) for Q4 2020, an improvement from a loss of $23.2 million in Q4 2019. For the full year, net loss totaled $112.7 million ($4.50 per diluted share), contrasting with 2019's net income of $14.8 million. Key factors included a rise in catastrophe losses, totaling $231 million before reinsurance, and adverse impacts from social inflation. Despite these challenges, the company is optimistic about future profitability improvements through strategic initiatives.
United Fire Group, Inc. (Nasdaq: UFCS) reported unfavorable fourth quarter 2020 results impacted by social inflation, leading to an estimated GAAP combined ratio of 122% to 125%. The net loss per diluted share is projected between $0.35 to $0.37 and an adjusted operating loss of $1.28 to $1.32. For the full year, a GAAP combined ratio of 114% to 117% is anticipated, with a net loss per diluted share of $4.48 to $4.52. The company will announce detailed earnings on February 17, 2021, and discuss results during a 9:00 a.m. CT call.
United Fire Group (UFCS) announced the retirement of Chairman Jack B. Evans, effective after the Annual Meeting on May 19, 2021, in accordance with company bylaws. Evans has served for 26 years, including 12 years as chairman. UFG President Randy Ramlo praised Evans for his leadership and integrity, emphasizing the strong relationships he fostered within the board and with management. UFG has a solid foundation and plans to announce a new chairman soon. The company, founded in 1946, operates as a property and casualty insurer across 49 states and holds an 'A' rating from A.M. Best Company.
United Fire Group (UFCS) will release its 2020 fourth quarter and year-end earnings results on February 17, 2021, before market open. A teleconference for the earnings call will follow at 9:00 a.m. Central Time, allowing analysts and shareholders to discuss results. The call will be available for replay until March 3, 2021. UFG, founded in 1946, writes property and casualty insurance across 49 states and D.C., with an 'A' (Excellent) rating from A.M. Best.
The Board of Directors of United Fire Group, Inc. (Nasdaq: UFCS) has declared a quarterly cash dividend of $0.15 per share. This dividend will be payable on December 18, 2020, to shareholders of record as of December 4, 2020. This marks the 211th consecutive quarterly dividend since March 1968, reflecting UFG's commitment to returning value to shareholders. The company continues its strategy to diversify underwriting risks, ensuring robust capital requirements.
United Fire Group reported significant financial losses for Q3 2020, with a net loss of $37.2 million ($1.49 per diluted share), compared to a loss of $2.3 million in Q3 2019. Year-to-date, losses reached $103.8 million ($4.15 per diluted share), down from a profit of $38 million in 2019. Catastrophe losses totaled $55.4 million, impacting the combined ratio, which rose to 124.4%. Net premiums earned decreased by 5.8% in Q3 and 2.7% year-to-date. Despite these challenges, the company maintained a focus on improving commercial auto profitability.
United Fire Group (Nasdaq: UFCS) reported significant third quarter 2020 pre-tax catastrophe losses of $55.4 million, contributing 21.4 percentage points to the GAAP combined ratio, which is expected to be between 123% and 126%. This includes losses from 25 events, notably the August Midwest derecho, leading to total losses estimated at $88 million. The company anticipates a net loss of $1.48 to $1.50 per diluted share. Adjusted operating loss is projected at $1.35 to $1.39 per diluted share. Earnings will be reported on November 4, 2020.
United Fire Group, Inc. (UFCS) will release its 2020 third quarter earnings on November 4, 2020, before market open. A conference call for analysts and shareholders will follow at 9:00 a.m. central time on the same day. Participants can join the call using the provided toll-free numbers or access it via webcast on the company's investor relations page. The teleconference will be archived until November 18 for those unable to attend live. UFG is a licensed property and casualty insurer across 48 states and has an A.M. Best rating of 'A' (Excellent).
UFG Insurance will illuminate its American Building in red starting Oct. 1, in support of the Worth It campaign against distracted driving, aligning with Distracted Driving Awareness Month. The initiative, led by community relations coordinator Katie Jensen, aims to raise awareness as more drivers return to the roads during the pandemic. Activities include virtual presentations on Oct. 22, featuring survivor Shawn O'Brien, who shares personal experiences related to distracted driving. UFG emphasizes the importance of focused driving habits through this campaign.
