United Fire Group Inc Stock Price, News & Analysis

United Fire Group (Nasdaq: UFCS) announced its participation in the Sidoti & Company Virtual Investor Conference on March 24-25, 2021. UFG's management will present on March 24 at 3:15 PM ET. Attendees can access a live webcast and presentation materials on the UFG website, along with an interactive Q&A session. UFG, founded in 1946, specializes in property and casualty insurance, operating in 50 states and the District of Columbia, with an 'A' (Excellent) rating from A.M. Best.

United Fire Group (Nasdaq: UFCS) will hold one-on-one meetings at the AIFA Conference on March 2, 2021. Management will provide early estimates on performance measures for Q1 2021. The presentation will be available on their website at UFG Events.

Founded in 1946, UFG offers property and casualty insurance through its subsidiaries, licensed in 49 states and the District of Columbia. UFG holds an 'A' (Excellent) rating from A.M. Best Company.

The Board of Directors of United Fire Group, Inc. (Nasdaq: UFCS) has declared a quarterly cash dividend of $0.15 per share, to be paid on March 19, 2021, to shareholders of record as of March 5, 2021. This marks the 212th consecutive quarterly dividend since March 1968, affirming the company's commitment to returning value to shareholders. United Fire Group, founded in 1946, specializes in property and casualty insurance and is rated A (Excellent) by A.M. Best.

United Fire Group reported a consolidated net loss of $8.9 million ($0.36 per diluted share) for Q4 2020, an improvement from a loss of $23.2 million in Q4 2019. For the full year, net loss totaled $112.7 million ($4.50 per diluted share), contrasting with 2019's net income of $14.8 million. Key factors included a rise in catastrophe losses, totaling $231 million before reinsurance, and adverse impacts from social inflation. Despite these challenges, the company is optimistic about future profitability improvements through strategic initiatives.

United Fire Group, Inc. (Nasdaq: UFCS) reported unfavorable fourth quarter 2020 results impacted by social inflation, leading to an estimated GAAP combined ratio of 122% to 125%. The net loss per diluted share is projected between $0.35 to $0.37 and an adjusted operating loss of $1.28 to $1.32. For the full year, a GAAP combined ratio of 114% to 117% is anticipated, with a net loss per diluted share of $4.48 to $4.52. The company will announce detailed earnings on February 17, 2021, and discuss results during a 9:00 a.m. CT call.

United Fire Group (UFCS) announced the retirement of Chairman Jack B. Evans, effective after the Annual Meeting on May 19, 2021, in accordance with company bylaws. Evans has served for 26 years, including 12 years as chairman. UFG President Randy Ramlo praised Evans for his leadership and integrity, emphasizing the strong relationships he fostered within the board and with management. UFG has a solid foundation and plans to announce a new chairman soon. The company, founded in 1946, operates as a property and casualty insurer across 49 states and holds an 'A' rating from A.M. Best Company.

United Fire Group (UFCS) will release its 2020 fourth quarter and year-end earnings results on February 17, 2021, before market open. A teleconference for the earnings call will follow at 9:00 a.m. Central Time, allowing analysts and shareholders to discuss results. The call will be available for replay until March 3, 2021. UFG, founded in 1946, writes property and casualty insurance across 49 states and D.C., with an 'A' (Excellent) rating from A.M. Best.

The Board of Directors of United Fire Group, Inc. (Nasdaq: UFCS) has declared a quarterly cash dividend of $0.15 per share. This dividend will be payable on December 18, 2020, to shareholders of record as of December 4, 2020. This marks the 211th consecutive quarterly dividend since March 1968, reflecting UFG's commitment to returning value to shareholders. The company continues its strategy to diversify underwriting risks, ensuring robust capital requirements.

United Fire Group reported significant financial losses for Q3 2020, with a net loss of $37.2 million ($1.49 per diluted share), compared to a loss of $2.3 million in Q3 2019. Year-to-date, losses reached $103.8 million ($4.15 per diluted share), down from a profit of $38 million in 2019. Catastrophe losses totaled $55.4 million, impacting the combined ratio, which rose to 124.4%. Net premiums earned decreased by 5.8% in Q3 and 2.7% year-to-date. Despite these challenges, the company maintained a focus on improving commercial auto profitability.