MARKETS / NASDAQ / Financials / Insurance / UFCS

NASDAQ · FIRE, MARINE & CASUALTY INSURANCE · MID CAP

United Fire Group Inc. UFCS

17 fiscal years on record · USD · FY2025 reported · SEC filings only

Revenue

$1.4B

▲ 10.6% YoY

Net income

$118.2M

▲ 90.8% YoY

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

United Fire Group, Inc. and its subsidiaries are engaged in the business of writing property and casualty insurance through a network of independent agencies. Its insurance company subsidiaries are licensed as property and casualty insurers in all 50 states, plus the District of Columbia. It distributes its core commercial products, including to small business owners and middle market businesses, through approximately 850 independent property and casualty agencies, and offers contract and commercial surety bonds through approximately 160 surety agencies. Its principal executive office is located at 118 Second Avenue SE, Cedar Rapids, Iowa. It operates as one operating segment, with revenues derived primarily from premiums earned on its property and casualty insurance products. The Company owns 100 percent of United Fire & Casualty Company, which owns 100 percent of eight subsidiaries, including Addison Insurance Company, Lafayette Insurance Company, United Fire & Indemnity Company, Mercer Insurance Company, Financial Pacific Insurance Company, UFG Specialty Insurance Company, United Real Estate Holdings LLC and McIntyre Cedar UK Limited. It was founded in 1946.

Written from the business description in UNITED FIRE GROUP, INC's annual report to the U.S. Securities and Exchange Commission, filed 26 February 2026. Every sentence was checked against that document before publication.

Growth

USD 1.4B

Revenue, FY2025 · full 17-year series below

Revenue $B Net income $B

FY2025 · Revenue 1.4 · Net income 0.1

0.5B1.0B

2009201220152018202120242025

Compound annual growth

Revenue

+12.2%

+5.3%

+4.4%

+5.8%

Net income

+98.9%

+2.9%

+6.3%

EPS, diluted

+96.6%

Dividend / share

+0.5%

−10.9%

−2.9%

+0.4%

Returned to shareholders

+0.9%

−12.2%

−2.8%

−2.0%

3 yrs

5 yrs

10 yrs

15 yrs

Revenue compounded at +5.3% a year over the five years to FY2025.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

9 cents

of every revenue dollar became profit

Operating margin Net margin

FY2025 · Operating 10.7% · Net 8.5%

5%10%-5%-10%-15%

200920172025

ROE

FY2025 · ROE 13.7%

5%10%-5%-10%

200920172025

Three returns, three denominators.

Return on equity13.7%

Return on assets3.2%

Return on capital employedNot available: we don't have total assets or current liabilities for this period.

Gross margin·

Operating margin10.7%

Net margin8.5%

EBITDAUSD 158.7M

Each USD of equity produced 14 cents of profit this year.

Cash & shareholders

USD 16.3M

returned in FY2025 · dividends + net buybacks

Net buybacks $M Dividends $M

FY2025 · Dividends 16.3 · Net buybacks ·

50M100MDividendsNet buybacks

200920112013201520172019202120232025

Dividends paidUSD 16.3M

Net buybacks·

Share of profit13.8%

Consecutive raises·

USD 16.3M in dividends — 14% of the year's profit went back to shareholders.

Total assetsUSD 3.8B

EquityUSD 941.2M

CashUSD 156.3M

Equity funds 25% of total assets.

The 17-year record

17 fiscal years

Every figure from documents filed with the SEC · USD

row low → row highnegative—not applicable◌not available in our data

UFCS, 17-year financial record
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Revenue $B	1.4	1.3	1.1	1.0	1.1	1.1	1.2	1.1	1.1	1.0	0.9	0.9	0.9	0.8	0.7	0.6	0.6
Operating income $B	0.1	0.1	−0.0	0.0	0.1	−0.2	0.0	−0.0	0.0	0.1	0.1	0.1	0.1	◌	◌	◌	◌
EBITDA $B	0.2	0.1	−0.0	0.0	0.1	−0.2	0.0	−0.0	0.0	0.1	0.1	0.1	0.1	◌	◌	◌	◌
Income tax $B	0.0	0.0	−0.0	−0.0	0.0	−0.1	0.0	−0.0	−0.0	0.0	0.0	0.0	0.0	0.0	−0.0	0.0	−0.0
Net income $B	0.1	0.1	−0.0	0.0	0.1	−0.1	0.0	0.0	0.1	0.0	0.1	0.1	0.1	0.0	0.0	0.0	−0.0
EPS, diluted $	4.48	2.39	−1.18	0.59	◌	−4.50	0.58	1.08	1.99	1.93	3.53	2.32	2.98	1.58	0.00	1.80	−0.39
Dividend / sh $	0.64	0.64	0.64	0.63	0.60	1.14	1.30	4.21	1.09	0.97	0.86	0.78	0.69	0.60	0.60	0.60	0.60
Payout %	14	26	−54	106	19	−25	220	381	54	49	24	33	23	38	140973	33	−153
ROE %	13.7	8.2	−4.0	1.9	9.5	−13.0	1.6	3.0	5.3	5.5	10.5	7.4	10.1	5.6	0.0	6.8	−1.6
Shares out B	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.02	0.03	0.03	0.03	0.03	0.03	0.03	0.03	◌

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

Other companies filing in the same sector

UNH · BRK-A · BRK-B · CI · ELV · CNC

Provenance

Company facts, as filed

How we verify · 0 failures in 48 reconciliationsAUDITED

Reconciled in 17 of the 17 fiscal years we could check. Three checks were skipped: the balance sheet is not tagged before 2010. Two checks were skipped: EPS is not tagged before 2009.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures

ActivityFire, Marine & Casualty Insurance

Listed onNASDAQ

Incorporated innot stated in the filings

Fiscal year endsDecember 31

Data on record since2009