United Fire Group ( (UFCS) ) has released its Q3 earnings. Here is a breakdown of the information United Fire Group presented to its investors.
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United Fire Group, Inc. (UFG) is a property and casualty insurance company based in Cedar Rapids, Iowa, providing a range of insurance products across the United States through its subsidiaries.
In its third quarter of 2025, United Fire Group reported a significant increase in net income, reaching $39.2 million, up by $19.4 million compared to the previous year. The company also saw an increase in adjusted operating income to $39.5 million, marking a strong financial performance for the quarter.
Key financial highlights include a 7% growth in net written premium to $328.2 million, driven by robust performance in core commercial lines. The combined ratio improved to 91.9%, reflecting better underwriting results and lower catastrophe losses. Additionally, net investment income rose by 6.3% to $26.0 million, supported by strategic portfolio management.
The company’s book value per share increased to $35.22, and the return on equity reached 12.7%, indicating solid financial health and effective capital management. UFG’s strategic initiatives in underwriting and investment management have contributed to its best year-to-date financial performance in nearly two decades.
Looking ahead, United Fire Group remains focused on executing its strategic business plan, positioning itself well to navigate industry dynamics and maintain its growth momentum into 2026.