United Fire Group, Inc. reports developments tied to its property and casualty insurance business, which writes coverage through insurance company subsidiaries and independent agencies. UFG's recurring updates center on commercial lines production, renewal pricing, retention, new business, assumed reinsurance, catastrophe losses, prior-year reserve development and underwriting profitability measured through the combined ratio.
Company news also covers quarterly earnings calls, net investment income from the insurance portfolio, book value measures, common-stock dividends and credit-rating actions affecting United Fire & Casualty Group and the holding company. The company was founded in 1946 as United Fire & Casualty Company and is licensed as a property and casualty insurer across the United States and the District of Columbia.
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United Fire Group, Inc. (Nasdaq: UFCS) will release its 2023 Q1 earnings results after the market closes on May 8, 2023. A teleconference for discussing these results is scheduled for May 9, 2023, at 9:00 a.m. CT, allowing analysts and shareholders to engage with management. Interested participants can access the call by dialing 1-844-492-3723 (international: 1-412-542-4184) and can replay the event until May 16, 2023, using access code 5329011. The teleconference will also be available as a webcast on the company's investor relations page. Founded in 1946, UFG offers property and casualty insurance across all 50 states and is rated 'A' (Excellent) by A.M. Best.
United Fire Group (Nasdaq: UFCS) announced the declaration of a quarterly cash dividend of $0.16 per share, payable on March 24, 2023, to shareholders of record as of March 10, 2023. This marks the company's 220th consecutive quarterly dividend, a streak dating back to March 1968. UFG, established in 1946, operates as a property and casualty insurer across all 50 states and the District of Columbia, serving approximately 1,000 independent agencies. The company holds an A, Excellent.
United Fire Group, Inc. (Nasdaq: UFCS) reported its fourth quarter 2022 financial results, showing a net income of $20.1 million or $0.79 per diluted share, with an adjusted operating income of $0.18 per diluted share. Total net premiums written rose 6.3% year-over-year. The company's GAAP combined ratio was 103.6%, primarily due to catastrophe losses of 4.9% and unfavorable reserve development. For the full year, net income decreased to $15.0 million ($0.59 per diluted share), with a combined ratio of 101.4%. Book value per share rose 5.5% to $29.36 compared to the previous quarter. Investment income dropped by 19.4% compared to 2021.
United Fire Group, Inc. (Nasdaq: UFCS) announced its 2022 fourth quarter earnings results will be released after the market closes on February 15, 2023. A teleconference for analysts and shareholders is scheduled for February 16, 2023, at 9:00 a.m. central time, allowing for a detailed discussion of the results. Dial-in information includes a toll-free number, and the event will be archived for digital replay until February 23, 2023. Founded in 1946, United Fire specializes in property and casualty insurance, licensed in all 50 states and the District of Columbia with a rating of 'A' (Excellent) from A.M. Best Company.