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Sep 30, 2024
United Fire Group Q3 2024 Earnings Report
Reported net income of $0.76 per diluted share and adjusted operating income of $0.81 per diluted share.
Key Takeaways
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.
Net income increased from $6.4 million to $19.7 million.
Net investment income increased 49% to $24.5 million.
GAAP combined ratio improved 3.8 points to 98.2%.
Net premiums written increased 23% to $305.6 million.
Revenue by Segment
Forward Guidance
UFG is committed to driving ongoing improvements through the strategic execution of its business plan.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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