United Fire Group delivered solid Q4 2025 results with higher net income, strong premium growth, and a materially improved combined ratio driven by lower losses and disciplined expense management.

United Fire Group delivered an outstanding third quarter, achieving the best third quarter combined ratio in nearly 20 years and a record net written premium. The company saw significant increases in net income and adjusted operating income, driven by improved underwriting performance, favorable loss experience, and growth in net investment income.

United Fire Group delivered its best second quarter profit in over a decade, with net income increasing by $25.7 million to $22.9 million and adjusted operating income rising by $25.5 million to $23.7 million. The company achieved record net written premium of $372.9 million, a 14% increase, primarily due to strong performance in core commercial lines. Underwriting discipline led to a 9.2 point improvement in the combined ratio to 96.4%, and net investment income grew by 20%.

United Fire Group, Inc. reported a 31% increase in net income to $17.7 million and a 27% increase in adjusted operating income to $18.3 million for the first quarter of 2025. Net written premium grew 4% to a record $335.4 million, and net investment income increased 44% to $23.5 million.

United Fire Group, Inc. announced a significant increase in net income to $31.4 million for the fourth quarter of 2024, up from $19.6 million in the prior year. Diluted EPS rose to $1.21, and adjusted operating income per diluted share reached $1.25. The company achieved its highest level of net written premiums in its 79-year history for the full year, alongside its best annual combined ratio and highest adjusted operating income since 2015.

United Fire Group reported strong Q3 2024 results, with the highest levels of net income and adjusted operating income in the past 10 quarters. Net written premiums grew by 23%, driven by core commercial and assumed reinsurance business units. The GAAP combined ratio improved to 98.2%, reflecting ongoing efforts to improve core margins.

United Fire Group reported a consolidated net loss of $2.7 million, or $0.11 loss per diluted share, and a consolidated adjusted operating loss of $0.07 per diluted share for the second quarter of 2024. The results reflect progress in efforts to deliver improved performance through the strategic execution of the business plan, marked by premium growth, lower underlying loss ratio, neutral prior period development, and increased investment income.

United Fire Group reported a strong first quarter in 2024, with net income increasing to $13.5 million, driven by improved underwriting results and higher investment income. Net written premiums grew by 17.6% to $321.3 million, and the GAAP combined ratio improved to 98.9%.

United Fire Group reported a net income of $19.6 million, or $0.77 per diluted share, driven by increased underwriting and investment income. Net premiums written increased by 5.2% to $246.8 million, and the GAAP combined ratio improved to 99.2%.

United Fire Group reported a net income of $6.4 million and adjusted operating income of $0.31 per diluted share for the third quarter of 2023. The results reflect improvements driven by increased earned premium, favorable loss and loss adjustment expense, and higher investment income.

United Fire Group reported a net loss of $56.4 million, or $2.23 per diluted share, and an adjusted operating loss of $2.27 per diluted share for the second quarter of 2023. The results were impacted by prior period loss reserve strengthening and elevated catastrophe losses. However, net premiums written increased by 14.6% compared to the prior year quarter.

United Fire Group reported a net income of $0.7 million, or $0.03 per diluted share, and an adjusted operating income of $0.08 per diluted share for the first quarter of 2023. Net premiums written increased by 13.4%, driven by growth in core commercial lines, surety, and assumed reinsurance business.

United Fire Group, Inc. reported a consolidated net income of $20.1 million ($0.79 per diluted share) for the fourth quarter of 2022. The fourth quarter combined ratio was 103.6%. Net premiums written increased 6.3% for the quarter compared to the same quarter last year.

United Fire Group, Inc. reported a consolidated net loss of $23.0 million, or $0.91 per diluted share, and a consolidated adjusted operating loss of $0.47 per diluted share for Q3 2022. The combined ratio was 111.7%, driven by catastrophe losses and unfavorable prior year reserve development.

United Fire Group reported a net loss of $10.5 million, or $0.42 per diluted share, for Q2 2022, compared to a net income of $13.8 million, or $0.54 per diluted share, for the same period in 2021. The decrease was primarily driven by a decrease in the fair value of investments in equity securities and a decrease in investment income, partially offset by an increase in net premiums earned.

United Fire Group reported consolidated net income of $28.3 million, or $1.12 per diluted share, for the first quarter of 2022, compared to $18.7 million, or $0.74 per diluted share, for the same period in 2021. The company's adjusted operating income was $1.13 per diluted share for the first quarter of 2022, compared to an adjusted operating loss of $0.03 per diluted share for the same period in 2021. The GAAP combined ratio decreased to 89.5 percent, and the annualized return on equity was 13.2 percent.

United Fire Group, Inc. reported a consolidated net income of $57.7 million ($2.28 per diluted share) for Q4 2021, compared to a consolidated net loss of $8.9 million ($0.36 per diluted share) for the same period in 2020. The company's GAAP combined ratio decreased to 83.1 percent, marking the lowest quarterly combined ratio in over 14 years.

United Fire Group reported a net loss of $9.6 million, or $0.38 per diluted share, for the third quarter of 2021, compared to a net loss of $37.2 million, or $1.49 per diluted share, for the same period in 2020. The improvement was driven by lower losses and loss settlement expenses and higher net investment income, partially offset by a decrease in net premiums earned and net realized investment losses.

United Fire Group, Inc. reported a consolidated net income of $13.8 million, or $0.54 per diluted share, for the second quarter of 2021, compared to a net income of $6.0 million, or $0.24 per diluted share, for the same period in 2020. The company's adjusted operating income was $0.35 per diluted share for the second quarter of 2021, compared to $0.26 per diluted share for the same period in 2020.

United Fire Group reported a net income of $18.7 million for Q1 2021, a significant improvement compared to a net loss of $72.5 million in the same period last year. This was driven by net realized investment gains and higher net investment income, offset by increased catastrophe losses and severity of commercial auto losses.

United Fire Group reported a consolidated net loss of $8.9 million, or $0.36 per diluted share, for the fourth quarter of 2020, compared to a net loss of $23.2 million, or $0.93 per diluted share, for the same period in 2019. The GAAP combined ratio increased to 123.1 percent, and net premiums earned decreased by 3.5 percent. The results were negatively impacted by social inflation and catastrophe losses.

United Fire Group reported a net loss of $37.2 million, or $1.49 per diluted share, for the third quarter of 2020, compared to a net loss of $2.3 million, or $0.09 per diluted share, for the same period in 2019. The increase in net loss was primarily due to an increase in losses and loss settlement expenses, namely from catastrophe losses, and a decrease in net premiums earned.

United Fire Group, Inc. reported a consolidated net income of $6.0 million, or $0.24 per diluted share, for the second quarter of 2020, compared to a net loss of $4.2 million, or $0.17 per diluted share, for the same period in 2019. The company's results were impacted by historically high quarterly catastrophe losses, which were offset by improving core insurance profitability.

United Fire Group reported a net loss of $72.5 million, or $2.90 per diluted share, for the first quarter of 2020, compared to a net income of $44.5 million, or $1.74 per diluted share, for the same period in 2019. The company's GAAP combined ratio increased to 105.2% compared to 95.6% in the same period in 2019. Net premiums earned increased 2.5 percent to $268.8 million.

United Fire Group reported a consolidated net loss of $23.2 million, or $0.93 per diluted share, for the fourth quarter of 2019, compared to a net loss of $29.3 million, or $1.17 per diluted share, for the same period in 2018. The company's results were negatively impacted by commercial auto losses and prior year reserve strengthening in the Gulf Coast Region.