United Fire Group Reports Strong Q1 2025 Results

United Fire Group ( (UFCS) ) has released its Q1 earnings. Here is a breakdown of the information United Fire Group presented to its investors.

United Fire Group, Inc. (UFG) is a property and casualty insurance company operating across the United States, known for its comprehensive insurance solutions and a strong network of independent agencies.

In its first quarter of 2025, United Fire Group reported a significant increase in net income, reaching $17.7 million, a 31% rise from the previous year. The company also saw a 44% increase in net investment income, reflecting a robust start to the year.

Key financial highlights include a 4% increase in net written premiums to $335.4 million and a combined ratio of 99.4%, slightly up from the previous year. The underlying loss ratio improved by 2.9 points to 56.5%, while investment income surged due to strategic portfolio management. The company also reported a notable increase in core commercial renewal premiums by 11.7%.

Despite an increase in the combined ratio, the company maintained strong financial performance with a 4.3% rise in book value per share to $32.13. The strategic focus on disciplined pricing and portfolio management has positioned UFG for continued growth.

Looking ahead, United Fire Group aims to sustain its positive momentum by executing its strategic business plan, focusing on improving financial and operational performance throughout 2025.