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United Fire Group (UFCS)
NASDAQ:UFCS
Earnings Data
Report Date
May 13, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.66Last Year’s EPS
0.56Same Quarter Last Year
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 11, 2025
|% Change Since: 4.55%
|Next Earnings Date:May 13, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted significant achievements, including record net written premiums, improved underwriting profitability, and strong investment portfolio performance. However, challenges such as social inflation and an elevated expense ratio were noted, indicating areas of concern. Overall, the positive aspects outweighed the negative, suggesting favorable progress.Company Guidance
During the United Fire Group, Inc. 2024 Fourth Quarter Conference Call, the company highlighted several key metrics that marked a successful year. United Fire Group achieved its highest net written premium in its 79-year history, coupled with the best annual combined ratio and highest adjusted operating income since 2000. The fourth quarter underlying loss ratio improved to 55.7%, a 4.3-point improvement from the previous year. The company also reported a fourth quarter catastrophe loss ratio of 1.6%, well below its historical averages. Total net investment income for the fourth quarter was $23.2 million, reflecting a 21% increase from the previous year, while full-year net investment income rose to $82 million. Additionally, the company added $175 million in reserves for general liability, umbrella, and excess casualty lines for accident years 2023 and prior. Fourth quarter net income was reported at $1.21 per diluted share, with a full-year figure of $2.39. The adjusted book value per share increased by $1.95, reaching $33.64 by year-end.Record Net Written Premiums
In 2024, United Fire Group achieved the highest level of net written premium in its 79-year history.
Strong Combined Ratio and Operating Income
The company produced the best annual combined ratio and the highest adjusted operating income since 2000.
Improvement in Underwriting Profitability
The fourth quarter underlying loss ratio improved by 4.3 points from the fourth quarter of 2023.
Successful Catastrophe Management
The fourth quarter catastrophe loss ratio was 1.6%, well below historical averages. Full-year catastrophe loss ratio was 5.4%, below historical averages by 3.3 and 1.8 points.
Enhanced Investment Portfolio
Annualized book yield improved by more than 80 basis points. Net investment income grew by 21% in the fourth quarter compared to 2023.
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UFCS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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UFCS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 11, 2025 | $25.06 | $25.62 | +2.23% |
| Nov 05, 2024 | $19.82 | $24.61 | +24.17% |
| Aug 06, 2024 | $20.19 | $18.43 | -8.72% |
| May 07, 2024 | $22.92 | $23.12 | +0.87% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does United Fire Group (UFCS) report earnings?
United Fire Group (UFCS) is schdueled to report earning on May 13, 2025, TBA Not Confirmed.
What is United Fire Group (UFCS) earnings time?
United Fire Group (UFCS) earnings time is at May 13, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is UFCS EPS forecast?
UFCS EPS forecast for the fiscal quarter 2025 (Q1) is 0.66.
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