United Fire Group, Inc. reports on annual meeting of shareholders

Rhea-AI Summary

United Fire Group (UFG) held its 2025 annual shareholders meeting on May 21, where three Class B directors were elected to the company's 11-member board for three-year terms expiring in 2028. The elected directors are: John-Paul Besong (retired CIO executive), Matthew R. Foran (co-founder and president of Stoic Lane), and James W. Noyce (retired insurance and financial services executive). Shareholders also ratified Ernst & Young LLP as the company's independent registered public accounting firm for 2025 and approved the compensation of named executive officers on an advisory basis.

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Director elections to the board of directors announced

Director elections to the board of directors

CEDAR RAPIDS, Iowa, May 21, 2025 (GLOBE NEWSWIRE) -- United Fire Group, Inc. (UFG) (Nasdaq: UFCS) announced today that its shareholders elected three Class B directors to its 11-member board of directors at the 2025 annual meeting of shareholders held on May 21, 2025.

The following individuals were each elected as Class B directors to serve three-year terms expiring in 2028:

• John-Paul Besong, retired chief information officer executive.
• Matthew R. Foran, co-founder and president of Stoic Lane, Inc.
• James W. Noyce, retired insurance and financial services executive.
  

In other official business, shareholders:

• Ratified the appointment of Ernst & Young LLP as the company’s independent registered public accounting firm for 2025.
• Approved, on an advisory basis, the compensation of the company's named executive officers.

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 1,000 independent agencies. AM Best 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: ir@unitedfiregroup.com

Media inquiries
Email: news@unitedfiregroup.com

FAQ

Who are the new Class B directors elected to UFG's board in 2025?

The three Class B directors elected are John-Paul Besong (retired CIO executive), Matthew R. Foran (co-founder of Stoic Lane), and James W. Noyce (retired insurance executive), each serving three-year terms until 2028.

What was the outcome of UFCS shareholders' vote on Ernst & Young as auditor?

Shareholders ratified the appointment of Ernst & Young LLP as United Fire Group's independent registered public accounting firm for 2025.

How long will the newly elected UFCS board members serve?

The newly elected Class B directors will serve three-year terms that expire in 2028.

What other matters were voted on at the 2025 UFG annual meeting?

Besides director elections and auditor ratification, shareholders approved an advisory vote on the compensation of the company's named executive officers.