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UFCS

United Fire GroupA
Nasdaq / Insurance
Last Price
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2026-06-02
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2026-05-20
Investor release

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Earnings documents stored for UFCS.

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Investor releaseQuarter not tagged2026-05-20

United Fire Group, Inc. declares quarterly cash dividend of $0.20 per share and announces results of annual meeting of shareholders

GlobeNewswire

CEDAR RAPIDS, Iowa, May 20, 2026 (GLOBE NEWSWIRE) -- Today, the board of directors of United Fire Group, Inc. (UFG) (Nasdaq: UFCS) declared a common stock quarterly cash dividend of $0.20 per share. This dividend will be payable June 19, 2026, to shareholders of record as of June 5, 2026. In addition, the board of directors extended the current Share Repurchase Program to August 31, 2028, and increased the number of shares of its common stock the company is authorized to purchase under the Share Repurchase Program to 2 million shares. The previous authorization allowed for the purchase of 1 million shares. Director elections to the board of directors UFG announced today that its shareholders elected five Class A directors to its 11-member board of directors at the 2026 annual meeting of shareholders held on May 20, 2026. The following individuals were each elected as Class A directors to serve three-year terms expiring in 2029: Scott L. Carlton, President of Tokai Carbon GE LLC Brenda K. Clancy, former Global Chief Technology Officer for AEGON N.V. Kevin J. Leidwinger, President and Chief Executive Officer of United Fire Group, Inc. Gilda L. Spencer, Adjunct Professor for Loyola University Chicago School of Law Susan E. Voss, former Vice President and General Counsel and Vice President of Government Relations of American Enterprise Group, Inc. In other official business, shareholders: Ratified the appointment of Ernst & Young LLP as the company’s independent registered public accounting firm for 2026. Approved, on an advisory basis, the compensation of the company's named executive officers. Approved the amendment of the 2021 Non-Employee Director Stock Plan to increase the number of shares of United Fire Group, Inc. common stock available for issuance thereunder to non-employee directors and to extend the life of the 2021 Non-Employee Director Stock Plan from December 31, 2029 to December 31, 2034. About UFG Founded in 1946 as United Fire & Casualty Company, UFG, through its insurance company subsidiaries, is engaged in the business of writing property and casualty insurance. The company is licensed as a property and casualty insurer in 50 states and the District of Columbia, and is represented by approximately 850 independent agencies. AM Best assigns a rating of “A-” (Excellent) for members of the United Fire & Casualty Group. For more information about U...

Investor releaseQuarter not tagged2026-05-07

United Fire Group Q1 Earnings Call Highlights

MarketBeat

Interested in United Fire Group, Inc? Here are five stocks we like better. Record net written premium and improved profitability: UFG posted a strong Q1 with net written premium up 12% (9% excluding unique ceded transactions), a nearly four-point improvement in the combined ratio, 15% higher net investment income, roughly 13% ROE and the highest Q1 EPS in seven years ($1.15 GAAP, $1.16 adjusted). Growth driven by Core Commercial and alternative distribution: Core Commercial NWP rose 11% with new business up 14% and average pricing +4.3%, while Alternative Distribution grew 13% and UFG added $20 million of Funds at Lloyd’s stamp capacity to support new syndicates. Market conditions and underwriting discipline: management noted moderation in rates and intensifying E&S competition but emphasized selective underwriting, a 57% underlying loss ratio, improved catastrophe results (3.7%), and an expense ratio improvement to 34.9%. United Fire Group (NASDAQ:UFCS) reported what management described as a strong start to 2026, citing record net written premium, improved underwriting performance, and higher investment income during its first-quarter earnings call. President and CEO Kevin Leidwinger said the company “delivered another quarter of excellent results,” pointing to “nearly four-point improvement in the combined ratio,” a 15% increase in net investment income, return on equity of approximately 13%, and the “highest first quarter earnings per share in seven years.” He attributed the performance to multi-year initiatives to deepen underwriting and actuarial expertise, expand capabilities, strengthen distribution relationships, and invest in productivity. → Berkshire Hathaway’s Record Cash Hoard: Why and What's Next? Executive Vice President and Chief Operating Officer Julie Stephenson said net written premium increased 12% in the first quarter, driven by “disciplined growth as well as lower ceded reinsurance premium.” Excluding the impact of “unique ceded premium transactions” referenced in the prior year’s first-quarter call, she said net written premium growth was 9%. Stephenson said growth continued to be fueled by the company’s Core Commercial business—small business, middle market, and construction—which grew net written premium 11% in the quarter, with all three units contributing. She added that new business grew 14%, while the company maintained “healthy...

Investor releaseQuarter not tagged2026-05-06

United Fire Group, Inc. reports first quarter 2026 results

GlobeNewswire

First quarter net income of $1.15 per diluted share and adjusted operating income of $1.16 per diluted share First quarter 2026 highlights compared to first quarter 2025, unless otherwise noted:(1) Net income increased $12.4 million to $30.1 million. Net investment income increased 15% to $27.0 million. Combined ratio improved 3.8 points to 95.6%; composed of an underlying loss ratio of 57.0%, catastrophe loss ratio of 3.7%, no prior year reserve development, and underwriting expense ratio of 34.9%. Underlying combined ratio improved 2.5 points to 91.9%. Net written premium(2) increased 12% to $376.9 million. Book value per share increased $0.18 to $37.06 as of March 31, 2026, compared to December 31, 2025. Adjusted book value per share increased $0.74 to $38.61 as of March 31, 2026, compared to December 31, 2025. Return on equity was 12.7% as of March 31, 2026. CEDAR RAPIDS, Iowa, May 05, 2026 (GLOBE NEWSWIRE) -- United Fire Group, Inc. (UFG) (Nasdaq: UFCS) today reported financial results for the quarter ended March 31, 2026, with net income increasing 70% over the prior year to $30.1 million ($1.15 per diluted share) and adjusted operating income increasing 65% over the prior year to $30.3 million ($1.16 per diluted share). Net written premium grew 12% in the first quarter, driven by growth in the company's core commercial business and lower ceded reinsurance premiums. The combined ratio improved 3.8 points to 95.6% with a notable reduction in the expense ratio and lower catastrophe losses compared to the prior period. Prior year reserve development remained neutral overall and investment income increased 15% to $27.0 million. “UFG is off to a terrific start in 2026, achieving record net written premium, improved underwriting profitability and higher investment income in the first quarter,” said UFG President and CEO Kevin Leidwinger. “These achievements contributed to a return on equity of approximately 13% and the highest first quarter earnings per share in seven years, reflecting continued positive momentum from the transformative actions we have taken to position the company for long-term success. “As we begin UFG’s 80th year in business, we are well positioned to navigate the complexities of an evolving market through the ongoing strategic execution of our business plan. We remain focused on profitably growing our business as a disciplined, solution-...

Investor releaseQuarter not tagged2026-05-06

United Fire Group (UFCS) Surpasses Q1 Earnings and Revenue Estimates

Zacks

United Fire Group (UFCS) came out with quarterly earnings of $1.16 per share, beating the Zacks Consensus Estimate of $0.87 per share. This compares to earnings of $0.7 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +33.33%. A quarter ago, it was expected that this property and casualty insurance company would post earnings of $0.9 per share when it actually produced earnings of $1.5, delivering a surprise of +66.67%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. United Fire, which belongs to the Zacks Insurance - Property and Casualty industry, posted revenues of $369.44 million for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 0.56%. This compares to year-ago revenues of $331.11 million. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. United Fire shares have added about 7.9% since the beginning of the year versus the S&P 500's gain of 5.2%. While United Fire has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for United Fire was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the com...

Investor releaseQuarter not tagged2026-05-06

United Fire Q1 Adjusted Operating Earnings, Revenue Rise

MT Newswires

United Fire Group (UFCS) reported late Tuesday Q1 adjusted operating earnings of $1.16 per share, up

Investor releaseQuarter not tagged2026-05-06

United Fire (UFCS) Q1 2026 Earnings Transcript

Motley Fool

Image source: The Motley Fool. Wednesday, May 6, 2026 at 10 a.m. ET Chief Executive Officer — Kevin James Leidwinger Chief Financial Officer — Eric John Martin Executive Vice President, Underwriting — Julie Anne Stephenson Need a quote from a Motley Fool analyst? Email [email protected] Kevin James Leidwinger; executive vice president and chief operating officer, Julie Anne Stephenson; and executive vice president and chief financial officer, Eric John Martin. Before I turn the call over to Kevin, a couple of reminders. First, please note that our presentation today may include forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based on current expectations, estimates, forecasts, and projections about the company, the industry in which we operate, and beliefs and assumptions made by management. The company cautions investors that any forward-looking statement includes risks and uncertainties and is not a guarantee of future performance. Any forward-looking statement made by us in this presentation is based only on information currently available to us and speaks only as of the date on which it is made. Forward-looking statements are based on management's current expectations, and the company assumes no obligation to update any forward-looking statements. The actual results may differ materially due to a variety of factors described in our press release and SEC filings, discussed specifically in our most recent annual report on Form 10-K. Also, please note that in our discussion today, we may use some non-GAAP financial measures. Reconciliations of these measures to the most comparable GAAP measures are also available in our press release and SEC filings. At this time, I will turn the call over to Mr. Kevin James Leidwinger, CEO of United Fire Group, Inc. Kevin James Leidwinger: Thank you, Tim. Good morning, everyone, and thank you for joining us today. United Fire Group, Inc. is off to a terrific start in 2026. We delivered another quarter of excellent results, reflecting our continued positive momentum from the transformative actions we have taken over the past few years to position the company for long-term success. In the first quarter, we achieved record net written premium, nearly a four-point improvement in the combined ratio, and a 15% increase in net investment income. These ac...

Investor releaseQuarter not tagged2026-05-06

United Fire: Q1 Earnings Snapshot

Associated Press

CEDAR RAPIDS, Iowa (AP) — CEDAR RAPIDS, Iowa (AP) — United Fire Group Inc. (UFCS) on Tuesday reported net income of $30.1 million in its first quarter. On a per-share basis, the Cedar Rapids, Iowa-based company said it had profit of $1.15. Earnings, adjusted for investment costs, were $1.16 per share. The property and casualty insurance company posted revenue of $369.4 million in the period. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on UFCS at https://www.zacks.com/ap/UFCS

TranscriptFY2026 Q12026-05-06

FY2026 Q1 earnings call transcript

Earnings source - 30 paragraphs
Operator

Good morning, and welcome to the United Fire Group Insurance 2026 1st quarter conference call. All participants will be in listen-only mode. Should you need assistance, please signal conference specialist by pressing the star key followed by 0. After today's remarks, there will be an opportunity to ask questions. To ask a question, you may press Star then 1 on your touch-tone phone. To withdraw your question, please press Star then 2. Please note this event is being recorded. I'd now like to turn the conference over to Timothy Borst, Vice President of Investor Relations. Please go ahead.

Timothy Borst

Good morning, and thank you for joining this call. Yesterday afternoon, we issued a press release on our results. To find a copy of this document, please visit our website at ufginsurance.com. Press releases and slides are located under the Investors tab. Joining me today on the call are UFG President and Chief Executive Officer, Kevin Leidwinger, Executive Vice President and Chief Operating Officer, Julie Stephenson, and Executive Vice President and Chief Financial Officer, Eric Martin. Before I turn the call over to Kevin, a couple of reminders. First, please note that our presentation today may include forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based on current expectations, estimates, forecasts, and projections about the company, the industry in which we operate, and beliefs and assumptions made by management.

Timothy Borst

The company cautions investors that any forward-looking statement includes risks and uncertainties that are not a guarantee of future performance. Any forward-looking statement made by us in this presentation is based only on information currently available to us and speaks only as of the date on which it is made. These forward-looking statements are based on management's current expectations, and the company assumes no obligation to update any forward-looking statements. The actual results may differ materially due to a variety of factors, which are described in our press release and SEC filings discussed specifically in our most recent annual report on Form 10-K. Also, please note that in our discussion today, we may use some non-GAAP financial measures. Reconciliations of these measures to the most comparable GAAP measures are also available in our press release and SEC filings.

Timothy Borst

At this time, I will turn the call over to Mr. Kevin Leidwinger, CEO of UFG Insurance.

Kevin Leidwinger

Thank you, Tim. Good morning, everyone, and thank you for joining us today. UFG is off to a terrific start in 2026. We delivered another quarter of excellent results, reflecting our continued positive momentum from the transformative actions we've taken over the past few years to position the company for long-term success. The first quarter, we achieved record net written premium and nearly 4-point improvement in the combined ratio and a 15% increase in net investment income. These achievements contributed to a return on equity of approximately 13% and the highest first quarter earnings per share in 7 years. In addition to our strong financial performance, I'm also very pleased with our focus on growing the business in a disciplined manner, particularly in the face of a changing market.

Kevin Leidwinger

The coordinated strategic actions we've taken to deepen underwriting and actuarial expertise, expand capabilities, strengthen distribution relationships, and invest in the organization's productivity are affording us access to a greater number of business opportunities than previously available to UFG. This has allowed us to remain disciplined, highly selective underwriters focused on profitably growing our business as we more broadly serve our distribution partners. As we continue to thoughtfully, responsibly, and profitably grow our business through expanded opportunity, I'm confident the underwriting discipline we've instilled in the organization over the past three years will serve us well in the evolving market. I will now hand the call over to Julie Stephenson to discuss our underwriting results in more detail. Julie?

Julie Stephenson

Thanks, Kevin. We are pleased with the continued positive momentum in the business, particularly in the face of competitive headwinds emerging in the marketplace. Net written premium increased 12% in the first quarter, driven by disciplined growth as well as lower ceded reinsurance premium. Net written premium growth was 9%, absent the impact of some unique ceded premium transactions outlined last year in our first quarter call. Growth continues to be fueled by our core commercial business, which includes small business, middle market, and construction. Core commercial grew net written premium 11% in the first quarter, with all three business units contributing.

Julie Stephenson

We've been able to leverage our deep distribution relationships and expanded capabilities to maintain a healthy but moderating retention, secure positive rate outcomes, and continue to grow new business by 14% while maintaining our unrelenting commitment to the underwriting rigor we've established over the last three years. Our expanded capabilities have contributed to growth by allowing us to attract more complex risks within the lower to mid-range of the middle market spectrum. Our average account size is growing in a sector of the market that has so far experienced a more modest deceleration in pricing than national accounts, as evidenced by our 4.3% rate achieved for the quarter. Current pricing continues to offer attractive returns. Specialty ENS net written premium growth in the first quarter was largely impacted by ceded premium adjustments in the first quarter of 2025.

Julie Stephenson

While submission activity is strong, competition is intensifying in the ENS market. Double-digit rate increases achieved a year ago are now mid-single digits as capacity is prevalent from both new entrants and the return of some accounts to the admitted market. Renewal defense for adequately priced and well-performing accounts remains a priority. New business efforts are focused on moderate hazard opportunities in both property and casualty to balance the volatility of the portfolio over time. Surety premiums were stable compared to prior year as we remained staunchly focused on quality. With favorable growth momentum and strong submission activity, we continue to have high confidence in the underwriting discipline and growth prospects for this business. Alternative distribution, which provides UFG with profitable business through three primary channels, treaty, programs, and Funds at Lloyd's, grew net written premium 13% over prior year.

Julie Stephenson

We had a successful and disciplined 1-1 standard treaty cycle while pressure on market pricing has increased. We benefited from favorable premium development in existing relationships while selectively adding attractively priced accounts that offered opportunities beyond the lines feeling the brunt of the softening market. We also expanded our Funds at Lloyd's portfolio with $20 million of additional stamp capacity, supporting four new syndicates for 2026 that will provide additional premium throughout the year. The Lloyd's market enjoys an A-plus rating from AM Best as a result of the improvement in operating returns. This investment vehicle offers significant diversifying opportunities.

Julie Stephenson

With the breadth of distribution and product opportunities available to us, combined with our tightly managed exposure in this space, we believe our alternative distribution business will continue to afford the flexibility to prudently grow this highly curated portfolio through varying market cycles. Moving to profitability, our loss ratio continues to reflect the quality of our improved portfolio with an underlying loss ratio of 57% in the first quarter. The commercial lines business continues to benefit from strong earned rate achievement and the benefits of our refined underwriting appetite and portfolio actions. The improvement in commercial results was offset by an increased loss ratio in the assumed reinsurance business, driven by rate reductions more prevalent in this market. Despite this impact, our reinsurance business continues to meet our profit expectations.

Julie Stephenson

We've also incorporated some additional conservatism into our estimates, recognizing the uncertainty in the changing market dynamics, yielding a small increase in the underlying loss ratio over prior year. Prior year reserve development was neutral overall in the first quarter. Our actuarial review this quarter reflected an abbreviated analysis. We made some modest offsetting adjustments across the portfolio. Of particular note, however, development in our liability portfolio was flat as our estimates began showing some stability for the quarter after continued emphasis to strengthen these reserves. The first quarter catastrophe loss ratio of 3.7% was 1.3 points below prior year. Our first quarter result was below historical 5 and 10-year averages and reflects our ongoing actions to improve our catastrophe risk profile in recent years. I will now turn the call over to Eric to discuss the remainder of our financial results.

Eric Martin

Thank you, Julie. Our high-quality fixed income portfolio continued to deliver a sustainable increase in net investment income, which grew 15% in the first quarter to $27 million. Fixed maturity income of $24.9 million increased 18% from prior year while maintaining duration and an average double A credit quality rating. Over the past 4 quarters, the size of our fixed maturity portfolio has grown by nearly $300 million as the virtuous cycle of improved underwriting profitability benefits all aspects of enterprise value creation. The elevated interest rate environment continues to provide opportunities to sustainably increase fixed maturity portfolio return as new money yields remain steady at approximately 5% and exceeded the overall portfolio average.

Eric Martin

Outside of fixed income, our portfolio of approximately $100 million of limited partnership investments generated a return of $1.3 million in a quarter that while positive, was lower than in recent quarters. Turning to the expense ratio, the first quarter result of 34.9% improved 3 points from prior year. While the prior year expense ratio was elevated by costs associated with the final stages of development of a new policy administration system, the benefits of ongoing growth and disciplined management actions have contributed more than 1 point of improvement in the expense ratio over the past year. We expect our ongoing actions to result in a continued gradual reduction of the expense ratio over time. First quarter net income was $1.15 per diluted share, with non-GAAP adjusted operating income of $1.16 per diluted share.

Eric Martin

This quarter's earnings improved book value per common share to $37.06. The increase in interest rates in the first quarter caused our unrealized loss position to increase from $34 million at year-end 2025 to $53 million at the end of the first quarter, negatively impacting book value per share by $0.57. Adjusted book value per share, which excludes the impact of unrealized investment losses, increased $0.74 to $38.61. From a capital management perspective, during the first quarter, we declared and paid a $0.20 per share cash dividend to shareholders of record as of February 24, 2026. With UFG delivering double-digit return on equity and our stock price trading near adjusted book value, we are attractively positioned to deliver compelling growth and shareholder value over time. This concludes our prepared remarks.

Eric Martin

I will now have the operator open the line for questions.

Operator

Thank you. We will now begin the question and answer session. Our first question comes from Ken Bianchi from Piper Sandler. Please go ahead.

Ken Bianchi

Morning, this is Ken on for Paul Newsom. Congrats on the quarter. You're starting to see solid business growth in your underwriting improvement in core commercial. Are you seeing any incremental competition in that business? How are you balancing that growth versus margin discipline in that business?

Julie Stephenson

Hi, this is Julie. I'll answer that for you. You know, this moderation in rates and increased competition is not unexpected for the quarter.

Julie Stephenson

We still feel very good about our growth trajectory. The underlying discipline that we've worked so hard to put in place over the past few years, I think have positioned us really well going into this market. We believe there are still ample opportunities with positive margin available to us in this market. We're very confident about the quality of the portfolio. Retention may fluctuate a bit quarter to quarter as the market continues to soften, but we'll continue to insist on adequate pricing account over account. I think we're positioned very well to continue to grow.

Ken Bianchi

Great. On the expense ratio improvement, you broke down a little bit, how much of that is structural versus, more of a one-time improvement. How can we begin to think about run rating those improvements from the new policy administration system on the expense ratio?

Eric Martin

Hey, good morning, Ken. This is Eric. Thanks for joining us. Yes, as we mentioned in our comments, when you look quarter-over-quarter, we're down about 3 points on the expense ratio, and we had 2 points of that improvement was due to the completion of some costs from our policy administration system that we were finishing up in the early stages of last year, and then we've got 1 point due to growth. This quarter's number is a very clean number at 34.9. There's really nothing unusual from it. As we look forward here, we would continue to see improvement in the expense ratio with an assumption as we grow at 10%, we would expect it to come down around 60 or 70 basis points year-over-year, looking into the future here.

Ken Bianchi

Awesome. That's all for me. Thanks.

Operator

The next question comes from Jason Weaver from JonesTrading. Please go ahead. Hi, Jason. Is your line on mute?

Jason Weaver

Hi. Good morning, guys. Thanks for taking my question. We're all back now. I know you touched on this before, it's just one for me. Looking at the deceleration trend and renewal rate increases, would you ascribe that to a, you know, mix related reflective of the elevated competition that you've been speaking about or possibly an intentional effort to bump share gains here?

Julie Stephenson

I think it's more based on competitive behavior. You know, we're very pleased that the rates are still positive. It does vary significantly by line of business, so, you know, we're trying to approach every single account and every single opportunity by finding the right rate for the exposures that we're underwriting. We feel very good about where we're positioned, and we'll continue to navigate the competition in that way.

Jason Weaver

All right. Thank you for that color. Congrats on the quarter, guys.

Operator

I would like to turn the conference back over to Kevin Leidwinger for any closing remarks.

Kevin Leidwinger

Well, thank you for joining us today. We're off to a great start in 2026. Our deepened underwriting expertise and expanding capabilities are affording us access to a greater number of business opportunities than previously available to UFG. We're leaning into those opportunities as a disciplined, solution-oriented underwriting company focused on profitably growing our business as we more broadly serve our distribution partners. We remain confident in our ability to strategically execute our business plan while navigating the complexities of a changing market. Thanks again for joining us, and we look forward to talking with you next quarter.

Operator

The conference has now concluded. Thank you for attending today's presentation. You may now disconnect.

Investor releaseQuarter not tagged2026-04-22

United Fire Group, Inc. announces its first quarter 2026 earnings call

GlobeNewswire

CEDAR RAPIDS, Iowa, April 21, 2026 (GLOBE NEWSWIRE) -- United Fire Group, Inc. (Nasdaq: UFCS) (UFG) announced today that its first quarter 2026 earnings results will be released after the market closes on Tuesday, May 5, 2026. An earnings call will be held on Wednesday, May 6, at 9 a.m. CT to allow securities analysts, shareholders and other interested parties the opportunity to hear management discuss the company's first quarter 2026 results. Teleconference: Dial-in information for the call is toll-free 1-844-492-3723 (international 1-412-542-4184). Participants should request to join the United Fire Group call. The event will be archived and available for digital replay through May 13, 2026. The replay access information is toll-free 1-855-669-9658 (international 1-412-317-0088); access code no. 2049170. Webcast: A webcast of the teleconference can be accessed at https://ir.ufginsurance.com/events-and-presentations/ or https://event.choruscall.com/mediaframe/webcast.html?webcastid=vHCYnESx. The archived audio webcast will be available for one year. Transcript: A transcript of the teleconference will be available on the company's website soon after the completion of the teleconference. About UFG: Founded in 1946 as United Fire & Casualty Company, UFG, through its insurance company subsidiaries, is engaged in the business of writing property and casualty insurance. The company is licensed as a property and casualty insurer in 50 states and the District of Columbia, and is represented by approximately 850 independent agencies. A.M. Best Company assigns a rating of "A-" (Excellent) for members of the United Fire & Casualty Group. For more information about UFG, visit www.ufginsurance.com. Contact: Investor relations Email: [email protected] Media inquiries Email: [email protected]

Investor releaseQuarter not tagged2026-04-15

Progressive (PGR) Q1 Earnings and Revenues Beat Estimates

Zacks

Progressive (PGR) came out with quarterly earnings of $4.96 per share, beating the Zacks Consensus Estimate of $4.84 per share. This compares to earnings of $4.65 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +2.48%. A quarter ago, it was expected that this insurer would post earnings of $4.44 per share when it actually produced earnings of $4.67, delivering a surprise of +5.18%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. Progressive, which belongs to the Zacks Insurance - Property and Casualty industry, posted revenues of $22.31 billion for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 1.27%. This compares to year-ago revenues of $20.62 billion. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Progressive shares have lost about 13.7% since the beginning of the year versus the S&P 500's gain of 1.8%. While Progressive has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Progressive was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (...

Investor releaseQuarter not tagged2026-02-15

Assessing United Fire Group (UFCS) Valuation After Record 2025 Results And 25% Dividend Increase

Simply Wall St.

Track your investments for FREE with Simply Wall St, the portfolio command center trusted by over 7 million individual investors worldwide. United Fire Group (UFCS) is back in focus after reporting record 2025 revenue and net income, along with a 25% increase in its quarterly cash dividend and supportive analyst commentary on value and earnings quality. See our latest analysis for United Fire Group. The recent fourth quarter results and dividend announcement came as the share price reached new 52 week highs, with a 30 day share price return of 11.04% and a 1 year total shareholder return of 51.56%. This suggests that momentum has been building over both shorter and longer horizons. If strong dividend news has you thinking about where else income and quality might line up, it could be a good time to broaden your search and uncover 23 top founder-led companies With UFCS trading near its price targets after a strong run and an upgraded dividend, the key question now is whether recent earnings strength still leaves room for upside or if the market is already pricing in future growth. United Fire Group's most followed narrative points to a fair value of $37.50, slightly below the last close of $39.33, so the story leans toward a modest premium. Read the complete narrative. Curious how this combination of underwriting gains, expense discipline, and projected revenue growth adds up to that fair value? The full narrative unpacks the specific earnings path, margin profile, and valuation multiple that tie those themes together, and the numbers behind it might surprise you. Result: Fair Value of $37.50 (OVERVALUED) Have a read of the narrative in full and understand what's behind the forecasts. However, if underwriting technology continues to improve loss ratios, or if catastrophe risk management keeps earnings steadier than expected, that could challenge the idea that UFCS is fully valued. Find out about the key risks to this United Fire Group narrative. Our DCF model presents a very different view, with an estimated future cash flow value of $12.35 per share compared to the current $39.33 price. While earnings-based narratives point to a modest premium, this cash flow perspective highlights a wide gap. Which lens do you find more persuasive? Look into how the SWS DCF model arrives at its fair value. If you see the numbers differently or simply want to test your own t...

Investor releaseQuarter not tagged2026-02-14

Why United Fire Group (UFCS) Is Up 6.2% After Strong Q4 Earnings And Dividend Hike

Simply Wall St.

On February 9, 2026, United Fire Group, Inc. reported that fourth quarter revenue rose to US$365.81 million and net income to US$38.35 million year over year, alongside full-year 2025 revenue of US$1.39 billion and net income of US$118.19 million. On the same day, the board declared a quarterly cash dividend of US$0.20 per share, payable March 10, 2026 to shareholders of record on February 24, 2026, underscoring management’s willingness to return cash to investors following this stronger financial performance. Now we will examine how this combination of stronger earnings and a higher quarterly dividend shapes United Fire Group’s existing investment narrative. Capitalize on the AI infrastructure supercycle with our selection of the 34 best 'picks and shovels' of the AI gold rush converting record-breaking demand into massive cash flow. To own United Fire Group, you need to be comfortable with a traditional U.S. property and casualty insurer that is working to convert underwriting discipline and investment income into steadier profitability. The latest jump in 2025 earnings supports that story, but the most immediate catalyst and risk still sit in underwriting results, particularly exposure to catastrophe losses and pricing pressure, which this earnings beat and dividend increase do not fully resolve in the near term. The new US$0.20 quarterly dividend, up from prior US$0.16 payments, is the announcement most closely tied to this earnings release, because it reflects current profitability and capital flexibility. For investors focused on catalysts, this higher payout draws attention to UFG’s ability to generate cash today, while the key question remains whether underwriting and catastrophe risk management can sustain these levels of earnings and support future distributions. Yet while the dividend increase looks encouraging, investors should also be aware of the growing frequency and severity of climate related events and how... Read the full narrative on United Fire Group (it's free!) United Fire Group's narrative projects $1.9 billion revenue and $60.2 million earnings by 2028. This requires 12.2% yearly revenue growth and a $31.6 million earnings decrease from $91.8 million today. Uncover how United Fire Group's forecasts yield a $37.50 fair value, a 5% downside to its current price. One member of the Simply Wall St Community values United Fire Group at US$...

As of 2026-05-30 • Updated weeklySource: Earnings sourceIngestion runbook