Articles from United Fire Group, Inc

Second quarter net income of $0.87 per diluted share and adjusted operating income of $0.90 per diluted share

CEDAR RAPIDS, Iowa, July 23, 2025 (GLOBE NEWSWIRE) -- United Fire Group, Inc. (Nasdaq: UFCS) (UFG) announced today that its second quarter 2025 earnings results will be released after the market closes on Tuesday, August 5, 2025. An earnings call will be held on Wednesday, August 6, 2025, at 9 a.m. CT to allow securities analysts, shareholders and other interested parties the opportunity to hear management discuss the company's second quarter 2025 results.

CEDAR RAPIDS, Iowa, July 10, 2025 (GLOBE NEWSWIRE) -- United Fire Group, Inc. (UFG) (Nasdaq: UFCS), a property and casualty insurance holding company, today announced that it has successfully completed a placement of $30 million aggregate principal senior unsecured 9.0% Series B notes due May 31, 2039, (the “notes”) in a private offering (the “offering”) with Ares Alternative Credit funds. Proceeds from the offering will be used to support anticipated growth and for general corporate purposes.

CEDAR RAPIDS, Iowa, May 21, 2025 (GLOBE NEWSWIRE) -- Today, the board of directors of United Fire Group, Inc. (UFG) (Nasdaq: UFCS) declared a common stock quarterly cash dividend of $0.16 per share. This dividend will be payable June 20, 2025, to shareholders of record as of June 6, 2025.

Director elections to the board of directors announced

First quarter net income of $0.67 per diluted share and adjusted operating income of $0.70 per diluted share

CEDAR RAPIDS, Iowa, April 23, 2025 (GLOBE NEWSWIRE) -- United Fire Group, Inc. (Nasdaq: UFCS) (UFG) announced today that its first quarter 2025 earnings results will be released after the market closes on Tuesday, May 6, 2025. An earnings call will be held on Wednesday, May 7, 2025, at 10 a.m. CT to allow securities analysts, shareholders and other interested parties the opportunity to hear management discuss the company's first quarter 2025 results.

CEDAR RAPIDS, Iowa, Feb. 21, 2025 (GLOBE NEWSWIRE) -- Today, the Board of Directors of United Fire Group, Inc. ("UFG") (Nasdaq: UFCS) declared a common stock quarterly cash dividend of $0.16 per share. This dividend will be payable March 21, 2025 to shareholders of record as of March 7, 2025.

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

CEDAR RAPIDS, Iowa, Jan. 29, 2025 (GLOBE NEWSWIRE) -- United Fire Group, Inc. (Nasdaq: UFCS) (the "Company", "UFG", "we", or "our") announced today that its 2024 fourth quarter earnings results will be released after the market closes on Tuesday, February 11, 2025. An earnings call will be held on Wednesday, February 12, 2025 at 9:00 a.m. central time to allow securities analysts, shareholders and other interested parties the opportunity to hear management discuss the Company's 2024 fourth quarter results.

CEDAR RAPIDS, Iowa, Nov. 15, 2024 (GLOBE NEWSWIRE) -- Today, the Board of Directors of United Fire Group, Inc. ("UFG") (Nasdaq: UFCS) declared a common stock quarterly cash dividend of $0.16 per share. This dividend will be payable December 13, 2024 to shareholders of record as of November 29, 2024.

Net income of $0.76 per diluted share and adjusted operating income of $0.81 per diluted share

CEDAR RAPIDS, Iowa, Oct. 22, 2024 (GLOBE NEWSWIRE) -- United Fire Group, Inc. (Nasdaq: UFCS) (the "Company", "UFG", "we", or "our") announced today that its 2024 third quarter earnings results will be released after the market closes on Tuesday, November 5, 2024. An earnings call will be held on Wednesday, November 6, 2024 at 9:00 a.m. central time to allow securities analysts, shareholders and other interested parties the opportunity to hear management discuss the Company's 2024 third quarter results.

CEDAR RAPIDS, Iowa, Aug. 16, 2024 (GLOBE NEWSWIRE) -- Today, the Board of Directors of United Fire Group, Inc. (Nasdaq: UFCS) ("UFG") declared a common stock quarterly cash dividend of $0.16 per share. This dividend will be payable September 13, 2024 to shareholders of record as of August 30, 2024.

Second Quarter Net Loss of $0.11 per Diluted Share and Adjusted Operating Loss of $0.07 per Diluted Share

CEDAR RAPIDS, Iowa, July 23, 2024 (GLOBE NEWSWIRE) -- United Fire Group, Inc. (Nasdaq: UFCS) (the "Company", "UFG", "we", or "our") announced today that its 2024 second quarter earnings results will be released after the market closes on Tuesday, August 6, 2024. An earnings call will be held on Wednesday, August 7, 2024 at 9:00 a.m. central time to allow securities analysts, shareholders and other interested parties the opportunity to hear management discuss the Company's 2024 second quarter results.

CEDAR RAPIDS, Iowa, June 03, 2024 (GLOBE NEWSWIRE) -- United Fire Group, Inc (the “Company” or “UFG”) (NASDAQ: UFCS), a property and casualty insurance holding company, today announced that it has successfully completed a placement of $70 million aggregate principal senior unsecured 9.0% notes due May 31, 2039 (the “Notes”) in a private offering (the “Offering”) with Ares Management Credit funds as the lead investor. Proceeds from the Offering will be used to support anticipated growth and for general corporate purposes.

Director Elections to the Board of Directors

CEDAR RAPIDS, IOWA , May 15, 2024 (GLOBE NEWSWIRE) -- Today, the Board of Directors of United Fire Group, Inc. (Nasdaq: UFCS) ("UFG") declared a common stock quarterly cash dividend of $0.16 per share. This dividend will be payable June 14, 2024 to shareholders of record as of May 31, 2024.

First Quarter Net Income of $0.52 per Diluted Share and Adjusted Operating Income of $0.56 per Diluted Share

CEDAR RAPIDS, Iowa, April 19, 2024 (GLOBE NEWSWIRE) -- United Fire Group, Inc. (Nasdaq: UFCS) (the "Company", "UFG", "we", or "our") announced today that its 2024 first quarter earnings results will be released after the market closes on Tuesday, May 7, 2024. An earnings call will be held on Wednesday, May 8, 2024 at 9:00 a.m. central time to allow securities analysts, shareholders and other interested parties the opportunity to hear management discuss the Company's 2024 first quarter results.

CEDAR RAPIDS, Iowa, Feb. 23, 2024 (GLOBE NEWSWIRE) -- Today, the Board of Directors of United Fire Group, Inc. (Nasdaq: UFCS) ("UFG") declared a common stock quarterly cash dividend of $0.16 per share. This dividend will be payable March 22, 2024 to shareholders of record as of March 8, 2024.

Fourth Quarter Net Income of $0.77 per Diluted Share and Adjusted Operating Income of $0.65 per Diluted Share

CEDAR RAPIDS, Iowa, Jan. 30, 2024 (GLOBE NEWSWIRE) -- United Fire Group, Inc. (Nasdaq: UFCS) (the "Company", "UFG", "we", or "our") announced today that its 2023 fourth quarter earnings results will be released after the market closes on Tuesday, February 13, 2024. An earnings call will be held on Wednesday, February 14, 2024 at 9:00 a.m. central time to allow securities analysts, shareholders and other interested parties the opportunity to hear management discuss the Company's 2023 fourth quarter results.

CEDAR RAPIDS, Iowa, Dec. 15, 2023 (GLOBE NEWSWIRE) -- United Fire Group Inc. (Nasdaq: UFCS) (UFG) is pleased to announce the appointment of Kelly Walsh as chief underwriting officer, effective December 27, 2023.

CEDAR RAPIDS, Iowa, Nov. 17, 2023 (GLOBE NEWSWIRE) -- Today, the Board of Directors of United Fire Group, Inc. (Nasdaq: UFCS) ("UFG") declared a common stock quarterly cash dividend of $0.16 per share. This dividend will be payable December 15, 2023 to shareholders of record as of December 1, 2023.

Third Quarter Net Income of $0.25 per Diluted Share and Adjusted Operating Income of $0.31 per Diluted Share

CEDAR RAPIDS, Iowa, Oct. 12, 2023 (GLOBE NEWSWIRE) -- United Fire Group, Inc. (Nasdaq: UFCS) (the "Company", "UFG", "we", or "our") announced today that its 2023 third quarter earnings results will be released after the market closes on Wednesday, November 1, 2023. An earnings call will be held on Thursday, November 2, 2023 at 11:00 a.m. central time to allow securities analysts, shareholders and other interested parties the opportunity to hear management discuss the Company's 2023 third quarter results.

CEDAR RAPIDS, Iowa, Aug. 18, 2023 (GLOBE NEWSWIRE) -- Today, the Board of Directors of United Fire Group, Inc. (Nasdaq: UFCS) ("UFG") declared a common stock quarterly cash dividend of $0.16 per share. This dividend will be payable September 15, 2023 to shareholders of record as of September 1, 2023.

CEDAR RAPIDS, Iowa, Aug. 18, 2023 (GLOBE NEWSWIRE) -- Today, AM Best announced downgrades of the credit ratings of United Fire Group, Inc. ("UFG") and its property/casualty subsidiaries. Specifically, the Financial Strength Rating was downgraded to A- (Excellent) from A (Excellent), and the Long-Term Issue Credit Ratings ("ICR") of the property/casualty subsidiaries of UFG to “a-” (Excellent) from “a” (Excellent). Concurrently, AM Best has downgraded the Long-Term ICR to “bbb-” (Good) from “bbb” (Good) of UFG. The outlook of these ratings was revised to stable.

Second Quarter Net Loss of $2.23 per Diluted Share and Adjusted Operating Loss of $2.27 per Diluted Share; Net Premiums Written Increased 14.6% Over Prior Year Quarter

CEDAR RAPIDS, Iowa, July 31, 2023 (GLOBE NEWSWIRE) -- United Fire Group, Inc. (the "Company" or "UFG") (Nasdaq: UFCS) announced today preliminary earnings estimates for the second quarter 2023 results, including net loss of $2.23 per diluted share, and an adjusted operating loss of $2.27 per diluted share.

CEDAR RAPIDS, Iowa, July 24, 2023 (GLOBE NEWSWIRE) -- United Fire Group, Inc. (Nasdaq: UFCS) (the "Company", "UFG", "we", or "our") announced today that its 2023 second quarter earnings results will be released after the market closes on Monday, August 7, 2023. An earnings call will be held on Tuesday, August 8, 2023 at 9:00 a.m. central time to allow securities analysts, shareholders and other interested parties the opportunity to hear management discuss the Company's 2023 second quarter results.

Director Elections to the Board of Directors

CEDAR RAPIDS, Iowa, May 17, 2023 (GLOBE NEWSWIRE) -- Today, the Board of Directors of United Fire Group, Inc. (Nasdaq: UFCS) ("UFG") declared a common stock quarterly cash dividend of $0.16 per share. This dividend will be payable June 16, 2023 to shareholders of record as of June 2, 2023.

First Quarter Net Income of $0.03 per Diluted Share and Adjusted Operating Income of $0.08 per Diluted Share; Net Premiums Written increased 13.4%

CEDAR RAPIDS, Iowa, April 25, 2023 (GLOBE NEWSWIRE) -- United Fire Group, Inc. (Nasdaq: UFCS) (the "Company", "UFG", "we", or "our") announced today that its 2023 first quarter earnings results will be released after the market closes on Monday, May 8, 2023. An earnings call will be held on Tuesday, May 9, 2023 at 9:00 a.m. central time to allow securities analysts, shareholders and other interested parties the opportunity to hear management discuss the Company's 2023 first quarter results.

CEDAR RAPIDS, Iowa, Feb. 24, 2023 (GLOBE NEWSWIRE) -- Today, the Board of Directors of United Fire Group, Inc. (Nasdaq: UFCS) ("UFG") declared a common stock quarterly cash dividend of $0.16 per share. This dividend will be payable March 24, 2023 to shareholders of record as of March 10, 2023.

Fourth Quarter Net Income of $0.79 per Diluted Share and Adjusted Operating Income of $0.18 per Diluted Share; Net Premiums Written increased 6.3%

CEDAR RAPIDS, Iowa, Jan. 26, 2023 (GLOBE NEWSWIRE) -- United Fire Group, Inc. (Nasdaq: UFCS) (the "Company", "UFG", "we", or "our") announced today that its 2022 fourth quarter earnings results will be released after the market closes on Wednesday, February 15, 2023. An earnings call will be held on Thursday, February 16, 2023 at 9:00 a.m. central time to allow securities analysts, shareholders and other interested parties the opportunity to hear management discuss the Company's 2022 fourth quarter results.

CEDAR RAPIDS, Iowa, Jan. 20, 2023 (GLOBE NEWSWIRE) -- United Fire Group Inc. (Nasdaq: UFCS) (UFG) announced today that Kyle D. Skogman will retire from its board of directors following the company’s annual meeting of shareholders on May 17, 2023.

CEDAR RAPIDS, Iowa, Jan. 05, 2023 (GLOBE NEWSWIRE) -- United Fire Group Inc. (Nasdaq: UFCS) (“UFG”) is pleased to announce the appointment of Julie Stephenson as its new executive vice president and chief operating officer (“COO”), effective January 30, 2023. She succeeds the company's longtime COO Michael Wilkins, who retired from UFG at the end of September.

CEDAR RAPIDS, Iowa, Nov. 18, 2022 (GLOBE NEWSWIRE) -- Today, the Board of Directors of United Fire Group, Inc. (Nasdaq: UFCS) ("UFG") declared a common stock quarterly cash dividend of $0.16 per share. This dividend will be payable December 16, 2022 to shareholders of record as of December 2, 2022.

Third Quarter Net Loss of $0.91 per Diluted Share and Non-GAAP Adjusted Operating Loss of $0.47 per Diluted Share

CEDAR RAPIDS, Iowa, Oct. 27, 2022 (GLOBE NEWSWIRE) -- United Fire Group, Inc. (the "Company" or "UFG") (Nasdaq: UFCS) announced today that its third quarter 2022 results include estimated pre-tax catastrophe losses of $27 million, representing an impact on the third quarter 2022 GAAP combined ratio of approximately 11.4 percentage points which includes estimated catastrophe losses from Hurricane Ian of approximately $14 million before taxes.

CEDAR RAPIDS, Iowa, Oct. 11, 2022 (GLOBE NEWSWIRE) -- United Fire Group, Inc. (Nasdaq: UFCS) (the "Company", "UFG", "we", or "our") announced today that its 2022 third quarter earnings results will be released after the market closes on Wednesday, November 2, 2022. An earnings call will be held on Thursday, November 3, 2022 at 9:00 a.m. central time to allow securities analysts, shareholders and other interested parties the opportunity to hear management discuss the Company's 2022 third quarter results.