What is United Fire Group Inc's earnings per share (EPS)?

United Fire Group Inc (UFCS) reported diluted earnings per share of $4.48 for fiscal year 2025. This represents a 87.4% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

United Fire Group Inc Financials

UFCS

Source SEC Filings (10-K/10-Q) Updated Mar 31, 2026 Currency USD FYE December

This page shows United Fire Group Inc (UFCS) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 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).

Rhea AI UFCS FY2025 2026-05-06

Profit recovery is real, but this remains a balance-sheet-heavy business where cash generation and earnings follow different clocks.

The striking pattern is timing: operating cash flow stayed strongly positive in FY2023 at $171.7M even as net income fell to -$29.7M. That gap, followed by FY2025 net income of $118.2M with lower operating cash flow of $269.7M, clearly says this company’s economics are shaped as much by balance-sheet movements as by reported earnings.

The rebound was not just a bigger top line: revenue rose to $1.39B in FY2025, but net margin recovered to 8.5% from a loss two years earlier. That points to profitability normalization rather than simple scale, especially because returns are still modest for such a large asset base.

Cash is not the main cushion: cash of $156.3M is small beside liabilities of $2.90B, so resilience depends more on the broader asset base and ongoing cash inflows than on idle cash. The debt-to-equity ratio easing to 3.1x while dividends stayed near $16.3M suggests FY2025’s improvement was used partly to rebuild balance-sheet flexibility, not just to support distributions.

Financial Health Signals

Financial Profile 30/100

Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). 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.

Growth

United Fire Group Inc's revenue grew 10.6% year-over-year to $1.4B, a solid pace of expansion. This earns a growth score of 54/100.

Leverage

United Fire Group Inc carries a low D/E ratio of 0.16, meaning only $0.16 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 99/100, indicating a strong balance sheet with room for future borrowing.

Returns

United Fire Group Inc generates a 12.6% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 26/100. This is up from 4.0% the prior year.

Piotroski F-Score Neutral

5/9

United Fire Group Inc passes 5 of 9 financial strength tests. 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.

Earnings Quality Cash-Backed

2.28x

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

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Earnings & Revenue

Revenue

$1.4B

YoY+10.6%

5Y CAGR+5.3%

10Y CAGR+4.4%

United Fire Group Inc generated $1.4B in revenue in fiscal year 2025. This represents an increase of 10.6% from the prior year.

EBITDA

N/A

Net Income

$118.2M

YoY+275.9%

10Y CAGR+2.9%

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.

EPS (Diluted)

$4.48

YoY+87.4%

10Y CAGR+2.4%

United Fire Group Inc earned $4.48 per diluted share (EPS) in fiscal year 2025. This represents an increase of 87.4% from the prior year.

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$156.3M

YoY-22.2%

5Y CAGR+12.2%

10Y CAGR+5.7%

United Fire Group Inc held $156.3M in cash against $146.2M in long-term debt as of fiscal year 2025.

Dividends Per Share

$0.64

YoY+0.0%

5Y CAGR-10.9%

10Y CAGR-2.9%

United Fire Group Inc paid $0.64 per share in dividends in fiscal year 2025. This represents an increase of 0.0% from the prior year.

Shares Outstanding

26M

YoY+0.6%

5Y CAGR+0.4%

10Y CAGR+0.1%

United Fire Group Inc had 26M shares outstanding in fiscal year 2025. This represents an increase of 0.6% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

8.5%

YoY+6.0pp

5Y CAGR+19.1pp

10Y CAGR-1.4pp

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.

Return on Equity

12.6%

YoY+8.5pp

5Y CAGR+26.2pp

10Y CAGR+2.4pp

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.

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

N/A

UFCS Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$1.4B+10.6%	$1.3B+14.4%	$1.1B+11.7%	$980.3M-8.1%	$1.1B-0.2%	$1.1B
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$11.3M+54.7%	$7.3M+123.3%	$3.3M+2.3%	$3.2M0.0%	$3.2M	$0
Income Tax	$29.7M+97.3%	$15.1M+250.5%	-$10.0M-239.2%	-$3.0M-118.2%	$16.2M+128.6%	-$56.8M
Net Income	$118.2M+275.9%	$31.4M+205.9%	-$29.7M-297.5%	$15.0M-81.3%	$80.6M+171.5%	-$112.7M
EPS (Diluted)	$4.48+87.4%	$2.39+302.5%	$-1.18-300.0%	$0.59-81.3%	$3.16+170.2%	$-4.50

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Revenue	$369.4M+1.0%	$365.8M+3.3%	$354.0M+5.5%	$335.5M+1.3%	$331.1M-0.6%	$333.2M+3.2%	$323.0M+7.2%	$301.2M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$3.2M0.0%	$3.2M+2.1%	$3.1M+25.5%	$2.5M0.0%	$2.5M+0.1%	$2.5M0.0%	$2.5M+69.9%	$1.5M
Income Tax	$8.0M-19.2%	$9.8M+3.8%	$9.5M+51.7%	$6.3M+50.6%	$4.2M-48.7%	$8.1M+55.0%	$5.2M+605.0%	-$1.0M
Net Income	$30.1M-21.6%	$38.4M-2.1%	$39.2M+70.8%	$22.9M+29.6%	$17.7M+1809.4%	$927K-95.3%	$19.7M+822.0%	-$2.7M
EPS (Diluted)	$1.15	N/A	$1.49+71.3%	$0.87+29.9%	$0.67	N/A	$0.76+790.9%	$-0.11

UFCS Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$3.8B+10.1%	$3.5B+10.9%	$3.1B+9.1%	$2.9B-4.3%	$3.0B-1.9%	$3.1B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$156.3M-22.2%	$200.9M+96.9%	$102.0M+5.6%	$96.7M-26.8%	$132.1M+50.2%	$87.9M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	$0	$0	$0	$0
Total Liabilities	$2.9B+7.1%	$2.7B+12.3%	$2.4B+12.5%	$2.1B+0.4%	$2.1B-4.9%	$2.2B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$146.2M	N/A	N/A	N/A	N/A	N/A
Total Equity	$941.2M+20.4%	$781.5M+6.5%	$733.7M-0.9%	$740.1M-15.8%	$879.1M+6.5%	$825.1M
Retained Earnings	$722.3M+16.4%	$620.4M+8.0%	$574.7M-7.4%	$620.6M-0.1%	$621.4M+11.8%	$555.9M

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Total Assets	$3.9B+1.8%	$3.8B+2.3%	$3.8B+2.5%	$3.7B+3.8%	$3.5B+1.1%	$3.5B-1.6%	$3.5B+4.0%	$3.4B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$162.0M+3.6%	$156.3M-33.1%	$233.7M+15.6%	$202.1M+10.1%	$183.7M-8.6%	$200.9M+1.8%	$197.4M+28.6%	$153.4M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$3.0B+2.0%	$2.9B+1.6%	$2.9B+1.4%	$2.8B+3.9%	$2.7B+0.1%	$2.7B-1.9%	$2.8B+2.9%	$2.7B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$146.3M+0.1%	$146.2M	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$950.6M+1.0%	$941.2M+4.7%	$898.7M+6.3%	$845.7M+3.4%	$817.7M+4.6%	$781.5M-0.5%	$785.8M+8.2%	$726.6M
Retained Earnings	$747.3M+3.5%	$722.3M+5.0%	$688.0M+5.4%	$653.0M+3.0%	$634.0M+2.2%	$620.4M+4.6%	$593.1M+2.7%	$577.4M

UFCS Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$269.7M-20.7%	$340.3M+98.2%	$171.7M+13827.9%	-$1.3M-104.2%	$29.9M-27.8%	$41.4M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$326.0M-11.4%	-$292.5M-95.1%	-$149.9M-681.8%	-$19.2M-160.4%	$31.7M+134.2%	-$92.9M
Financing Cash Flow	$11.6M-77.3%	$51.1M+410.5%	-$16.5M-9.5%	-$15.0M+14.1%	-$17.5M-193.7%	$18.7M
Dividends Paid	$16.3M+0.6%	$16.2M+0.3%	$16.2M+1.9%	$15.9M+5.3%	$15.1M-47.2%	$28.5M
Share Buybacks	N/A	N/A	$0	$0-100.0%	$2.0M-26.8%	$2.7M

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Operating Cash Flow	$56.6M-52.7%	$119.8M+96.9%	$60.8M+14.0%	$53.4M+49.7%	$35.7M-77.2%	$156.3M+176.6%	$56.5M-38.1%	$91.3M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$43.4M+77.5%	-$192.4M-249.4%	-$55.1M-81.4%	-$30.4M+37.0%	-$48.2M+67.8%	-$149.4M-1664.5%	-$8.5M+96.1%	-$218.5M
Financing Cash Flow	-$7.6M-55.9%	-$4.8M-118.8%	$25.8M+665.3%	-$4.6M+4.8%	-$4.8M-45.3%	-$3.3M+19.4%	-$4.1M-106.5%	$62.8M
Dividends Paid	$5.1M+25.2%	$4.1M0.0%	$4.1M+0.1%	$4.1M+0.4%	$4.1M+0.1%	$4.1M+0.1%	$4.1M0.0%	$4.1M
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

UFCS Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	8.5%+6.0pp	2.5%+5.2pp	-2.7%-4.2pp	1.5%-6.0pp	7.6%+18.1pp	-10.5%
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%
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%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	0.16-3.3	3.46+0.2	3.29+0.4	2.89+0.5	2.43-0.3	2.72
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	8.1%-2.4pp	10.5%-0.6pp	11.1%+4.2pp	6.8%+1.5pp	5.3%+5.1pp	0.3%-5.8pp	6.1%+7.0pp	-0.9%
Return on Equity	3.2%-0.9pp	4.1%-0.3pp	4.4%+1.7pp	2.7%+0.5pp	2.2%+2.0pp	0.1%-2.4pp	2.5%+2.9pp	-0.4%
Return on Assets	0.8%-0.2pp	1.0%-0.0pp	1.0%+0.4pp	0.6%+0.1pp	0.5%+0.5pp	0.0%-0.5pp	0.6%+0.6pp	-0.1%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	0.150.0	0.16-3.0	3.18-0.2	3.33+0.0	3.32-0.1	3.46-0.0	3.51-0.2	3.69
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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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.

How many shares does United Fire Group Inc have outstanding?

United Fire Group Inc (UFCS) had 26M shares outstanding as of fiscal year 2025.

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 9, indicating neutral financial health. 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 30 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.