United Fire Group Inc Financials
United Fire Group Inc (UFCS) reported $1.4B in revenue for fiscal year 2025, up 10.6% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Profitability has rebounded faster than balance-sheet growth, while operating cash remains consistently stronger than reported earnings across cycles.
FY2025's lower cash balance is not a sign of weaker cash generation, because operating cash flow exceeded net income in each of the last three fiscal years. In FY2025 the company generated$270M from operations but used$326M in investing activities, so cash on hand fell even while internal funding remained substantial.
The balance sheet is still liability-heavy at roughly 3.1x liabilities to equity in FY2025, which means the business depends more on obligations than on shareholder capital to fund assets. The equity cushion rebuilt from
The earnings rebound was not mainly a scale story: revenue rose only
Financial Health Signals
Scored against insurers for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of United Fire Group Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Not available for United Fire Group Inc, and counted as zero in the overall score.
United Fire Group Inc passes 5 of 6 computable financial strength tests (3 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.
For every $1 of reported earnings, United Fire Group Inc generates $2.28 in operating cash flow ($269.7M OCF vs $118.2M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Earnings & Revenue
United Fire Group Inc generated $1.4B in revenue in fiscal year 2025. This represents an increase of 10.6% from the prior year.
United Fire Group Inc reported $118.2M in net income in fiscal year 2025. This represents an increase of 275.9% from the prior year.
Not reported for fiscal year 2025.
Cash & Balance Sheet
United Fire Group Inc held $156.3M in cash against $146.2M in long-term debt as of fiscal year 2025.
United Fire Group Inc paid $0.64 per share in dividends in fiscal year 2025.
Not reported for fiscal year 2025.
Margins & Returns
United Fire Group Inc's net profit margin was 8.5% in fiscal year 2025, showing the share of revenue converted to profit. This is up 6.0 percentage points from the prior year.
United Fire Group Inc's ROE was 12.6% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 8.5 percentage points from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Capital Allocation
None of these metrics is reported for fiscal year 2025.
UFCS Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.5B | $1.4B+10.6% | $1.3B+14.4% | $1.1B+11.7% | $980.3M-8.1% | $1.1B-0.2% | $1.1B-11.0% | $1.2B+12.2% | $1.1B+1.7% | $1.1B+5.7% | $996.4M+10.8% | $899.3M-4.5% | $941.9M+7.4% | $877.0M+7.8% | $813.2M+15.4% | $705.0M |
| Interest Expense | $12.7M | $11.3M+54.7% | $7.3M+123.3% | $3.3M+2.3% | $3.2M0.0% | $3.2M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | N/A | N/A |
| Income Tax | $35.9M | $29.7M+97.3% | $15.1M+250.5% | -$10.0M-239.2% | -$3.0M-118.2% | $16.2M+128.6% | -$56.8M-2859.1% | $2.1M+118.1% | -$11.4M+61.0% | -$29.2M-448.7% | $8.4M-72.1% | $30.1M+73.4% | $17.3M-32.7% | $25.8M+339.5% | $5.9M+146.1% | -$12.7M |
| Net Income | $141.0M | $118.2M+275.9% | $31.4M+205.9% | -$29.7M-297.5% | $15.0M-81.3% | $80.6M+171.5% | -$112.7M-860.5% | $14.8M-46.4% | $27.6M-45.8% | $51.0M+2.2% | $49.9M-44.0% | $89.1M+50.7% | $59.1M-22.3% | $76.1M+89.3% | $40.2M+365463.6% | $11K |
| EPS (Diluted) | — | $4.48 | $2.39 | -$1.18-300.0% | $0.59-81.3% | $3.16+170.2% | -$4.50-875.9% | $0.58-46.3% | $1.08-45.7% | $1.99+3.1% | $1.93-45.3% | $3.53+52.2% | $2.32-22.1% | $2.98+88.6% | $1.58 | $0.00 |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
UFCS Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $3.8B+10.1% | $3.5B+10.9% | $3.1B+9.1% | $2.9B-4.3% | $3.0B-1.9% | $3.1B+1.9% | $3.0B+7.0% | $2.8B-32.7% | $4.2B+3.2% | $4.1B+4.2% | $3.9B+0.9% | $3.9B+3.7% | $3.7B+0.7% | $3.7B+2.1% | $3.6B |
| Cash & Equivalents | $156.3M-22.2% | $200.9M+96.9% | $102.0M+5.6% | $96.7M-26.8% | $132.1M+50.2% | $87.9M-27.1% | $120.7M+87.3% | $64.5M-32.6% | $95.6M+7.1% | $89.2M-0.3% | $89.5M+34.1% | $66.7M-27.6% | $92.2M-14.2% | $107.5M-25.6% | $144.5M |
| Goodwill | N/A | N/A | $0 | $0 | $0 | $0-100.0% | $15.1M0.0% | $15.1M0.0% | $15.1M0.0% | $15.1M0.0% | $15.1M0.0% | $15.1M0.0% | $15.1M0.0% | $15.1M | N/A |
| Total Liabilities | $2.9B+7.1% | $2.7B+12.3% | $2.4B+12.5% | $2.1B+0.4% | $2.1B-4.9% | $2.2B+6.7% | $2.1B+9.1% | $1.9B-39.9% | $3.2B+3.1% | $3.1B+3.4% | $3.0B-0.9% | $3.0B+3.5% | $2.9B-0.9% | $3.0B+1.5% | $2.9B |
| Long-Term Debt | $146.2M | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $0-100.0% | $45.0M |
| Total Equity | $941.2M+20.4% | $781.5M+6.5% | $733.7M-0.9% | $740.1M-15.8% | $879.1M+6.5% | $825.1M-9.4% | $910.5M+2.5% | $888.4M-8.7% | $973.4M+3.3% | $941.9M+7.2% | $878.9M+7.5% | $817.4M+4.4% | $782.8M+7.4% | $729.2M+4.7% | $696.1M |
| Retained Earnings | $722.3M+16.4% | $620.4M+8.0% | $574.7M-7.4% | $620.6M-0.1% | $621.4M+11.8% | $555.9M-20.3% | $697.1M-2.6% | $715.5M+17.5% | $608.7M-1.2% | $616.3M+4.3% | $591.0M+12.9% | $523.5M+8.2% | $484.1M+13.8% | $425.4M+6.2% | $400.5M |
Not reported in any period shown, so not listed: Current Assets, Inventory, Accounts Receivable, Current Liabilities.
UFCS Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $271.6M | $269.7M-20.7% | $340.3M+98.2% | $171.7M+13827.9% | -$1.3M-104.2% | $29.9M-27.8% | $41.4M-55.8% | $93.8M-14.9% | $110.1M-35.3% | $170.1M-20.7% | $214.4M+12.8% | $190.0M+25.6% | $151.3M-6.3% | $161.5M-6.2% | $172.1M+131.2% | $74.4M |
| Investing Cash Flow | -$342.7M | -$326.0M-11.4% | -$292.5M-95.1% | -$149.9M-681.8% | -$19.2M-160.4% | $31.7M+134.2% | -$92.9M-2163.3% | $4.5M+123.4% | -$19.2M+69.0% | -$62.0M+44.9% | -$112.4M-209.8% | -$36.3M+38.4% | -$58.9M+42.3% | -$102.0M+8.4% | -$111.3M+36.4% | -$175.2M |
| Financing Cash Flow | $8.5M | $11.6M-77.3% | $51.1M+410.5% | -$16.5M-9.5% | -$15.0M+14.1% | -$17.5M-193.7% | $18.7M+144.4% | -$42.0M+63.6% | -$115.2M-7.1% | -$107.5M-10.2% | -$97.6M+29.2% | -$137.8M-46.6% | -$94.0M-25.7% | -$74.8M+23.5% | -$97.8M-249.9% | $65.2M |
| Dividends Paid | $18.4M | $16.3M+0.6% | $16.2M+0.3% | $16.2M+1.9% | $15.9M+5.3% | $15.1M-47.2% | $28.5M-12.7% | $32.7M-69.0% | $105.4M+285.6% | $27.3M+11.2% | $24.6M+13.5% | $21.7M+10.1% | $19.7M+12.6% | $17.5M+14.5% | $15.3M-1.5% | $15.5M |
| Share Buybacks | N/A | N/A | N/A | $0 | $0-100.0% | $2.0M-26.8% | $2.7M-76.6% | $11.7M+116.5% | $5.4M-81.9% | $29.8M+695.1% | $3.7M+54.6% | $2.4M-81.3% | $12.9M+687.2% | $1.6M-77.5% | $7.3M-41.3% | $12.4M |
Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
UFCS Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Margin | 8.5%+6.0pp | 2.5%+5.2pp | -2.7%-4.2pp | 1.5%-6.0pp | 7.6%+18.1pp | -10.5%-11.8pp | 1.2%-1.4pp | 2.6%-2.3pp | 4.9%-0.2pp | 5.0%-4.9pp | 9.9%+3.6pp | 6.3%-2.4pp | 8.7%+3.7pp | 4.9%+4.9pp | 0.0% |
| Return on Equity | 12.6%+8.5pp | 4.0%+8.1pp | -4.0%-6.1pp | 2.0%-7.1pp | 9.2%+22.8pp | -13.7%-15.3pp | 1.6%-1.5pp | 3.1%-2.1pp | 5.2%-0.1pp | 5.3%-4.8pp | 10.1%+2.9pp | 7.2%-2.5pp | 9.7%+4.2pp | 5.5%+5.5pp | 0.0% |
| Return on Assets | 3.1%+2.2pp | 0.9%+1.8pp | -0.9%-1.5pp | 0.5%-2.2pp | 2.7%+6.3pp | -3.7%-4.2pp | 0.5%-0.5pp | 1.0%-0.2pp | 1.2%0.0pp | 1.2%-1.1pp | 2.3%+0.8pp | 1.5%-0.5pp | 2.1%+1.0pp | 1.1%+1.1pp | 0.0% |
| Debt-to-Equity | 0.16-3.3x | 3.46+0.2x | 3.29+0.4x | 2.89+0.5x | 2.43-0.3x | 2.72+0.4x | 2.31+0.1x | 2.17-1.1x | 3.300.0x | 3.30-0.1x | 3.43-0.3x | 3.720.0x | 3.75+3.8x | 0.00-0.1x | 0.06 |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Current Ratio, FCF Margin.
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Where United Fire Group Inc Ranks
Frequently Asked Questions
What is United Fire Group Inc's annual revenue?
United Fire Group Inc (UFCS) reported $1.4B in total revenue for fiscal year 2025. This represents a 10.6% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is United Fire Group Inc's revenue growing?
United Fire Group Inc (UFCS) revenue grew by 10.6% year-over-year, from $1.3B to $1.4B in fiscal year 2025.
Is United Fire Group Inc profitable?
Yes, United Fire Group Inc (UFCS) reported a net income of $118.2M in fiscal year 2025, with a net profit margin of 8.5%.
How much debt does United Fire Group Inc have?
As of fiscal year 2025, United Fire Group Inc (UFCS) had $156.3M in cash and equivalents against $146.2M in long-term debt.
What is United Fire Group Inc's net profit margin?
United Fire Group Inc (UFCS) had a net profit margin of 8.5% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does United Fire Group Inc pay dividends?
Yes, United Fire Group Inc (UFCS) paid $0.64 per share in dividends during fiscal year 2025.
What is United Fire Group Inc's return on equity (ROE)?
United Fire Group Inc (UFCS) has a return on equity of 12.6% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is United Fire Group Inc's operating cash flow?
United Fire Group Inc (UFCS) generated $269.7M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are United Fire Group Inc's total assets?
United Fire Group Inc (UFCS) had $3.8B in total assets as of fiscal year 2025, including both current and long-term assets.
What is United Fire Group Inc's debt-to-equity ratio?
United Fire Group Inc (UFCS) had a debt-to-equity ratio of 0.16 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is United Fire Group Inc's return on assets (ROA)?
United Fire Group Inc (UFCS) had a return on assets of 3.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is United Fire Group Inc's Piotroski F-Score?
United Fire Group Inc (UFCS) has a Piotroski F-Score of 5 out of 6 computable signals; 3 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are United Fire Group Inc's earnings high quality?
United Fire Group Inc (UFCS) has an earnings quality ratio of 2.28x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is United Fire Group Inc?
United Fire Group Inc (UFCS) scores 41 out of 100 on our Financial Health Score, indicating moderate standing within its insurers peer group. The score is a 0-100 composite of six dimensions (Loss Ratio, Premium Growth, Capital, Investment Yield, Combined Ratio, Stability), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.