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Jun 30, 2021
United Fire Group Q2 2021 Earnings Report
United Fire Group reported net income of $0.54 per diluted share and adjusted operating income of $0.35 per diluted share.
Key Takeaways
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.
Net income was $0.54 per diluted share in Q2 2021, compared to $0.24 per diluted share in Q2 2020.
Adjusted operating income was $0.35 per diluted share in Q2 2021, compared to $0.26 per diluted share in Q2 2020.
Net premiums earned decreased by 14.8% to $224.7 million in Q2 2021, compared to $263.6 million in Q2 2020.
GAAP combined ratio decreased to 100.8% for Q2 2021, compared to 111.4% in Q2 2020.
Forward Guidance
This release may contain forward-looking statements about our operations, anticipated performance and other similar matters. The Private Securities Litigation Reform Act of 1995 provides a safe harbor under the Securities Act of 1933 and the Securities Exchange Act of 1934 for forward-looking statements.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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