UFG News

Released on: May 18, 2018

CEDAR RAPIDS, Iowa, May 18, 2018 (GLOBE NEWSWIRE) -- United Fire Group, Inc. (Nasdaq:UFCS) (the "Company" or "UFG") announced today that shareholders elected four Class C Directors to our 12-member board at the 2018 Annual Meeting of Shareholders held on May 16, 2018.

Released on: May 16, 2018

Today, the Board of Directors of United Fire Group, Inc. (Nasdaq:UFCS) ("UFG") approved a dividend increase of 10.7 percent over the previous quarterly dividend and declared a common stock quarterly cash dividend of $0.31 per share. This dividend will be payable June 15, 2018, to shareholders of record as of June 1, 2018.

Released on: May 9, 2018

United Fire Group, Inc. (the "Company" or "UFG") (Nasdaq:UFCS) today reported consolidated net income, including net realized investment gains and losses and changes in the fair value of equity securities, of $45.8 million ($1.80 per diluted share) for the three-month period ended March 31, 2018 (the "first quarter"), compared to consolidated net income of $19.9 million ($0.77 per diluted share) for the same period in 2017.

Released on: Apr 13, 2018

CEDAR RAPIDS, Iowa, April 13, 2018 (GLOBE NEWSWIRE) -- United Fire Group, Inc. (Nasdaq:UFCS) (the "Company", "UFG", "we", or "our") announced today that its 2018 first quarter earnings results will be released before the market opens on May 9, 2018. An earnings call will be held at 9:00 a.m. central time on that date to allow securities analysts, shareholders and other interested parties the opportunity to hear management discuss the Company's 2018 first quarter results.

Released on: Mar 30, 2018

Today United Fire Group, Inc.'s (Nasdaq:UFCS) ("UFG") subsidiary United Fire & Casualty Company (“United Fire”) completed the previously announced sale of its subsidiary United Life Insurance Company to Kuvare US Holdings, Inc. ("Kuvare") for $280 million in cash, subject to certain post-closing adjustments pursuant to the Stock Purchase Agreement, dated as of September 18, 2017, among United Fire, Kuvare and UFG.

Released on: Feb 14, 2018

United Fire Group, Inc. (the “Company” or "UFG") (Nasdaq:UFCS) today reported consolidated net income, including net realized investment gains and losses, of $46.0 million ($1.81 per diluted share) for the three-month period ended December 31, 2017 (the "fourth quarter"), compared to consolidated net income of $12.0 million ($0.46 per diluted share) for the same period in 2016.

Released on: Jan 18, 2018

CEDAR RAPIDS, Iowa, Jan. 17, 2018 (GLOBE NEWSWIRE) -- United Fire Group, Inc. (Nasdaq:UFCS) (the "Company", "UFG", "we", or "our") announced today that its 2017 fourth quarter and year-end earnings results will be released before the market opens on February 14, 2018.

Released on: Dec 4, 2017

CEDAR RAPIDS, Iowa and FOSTER CITY, Calif., December 4, 2017 – United Fire Group, Inc. (UFG) (Nasdaq: UFCS), a nationally-recognized Property and Casualty (P&C) insurer, and Guidewire Software, Inc. (NYSE: GWRE), a provider of software products to P&C insurers, today announced that UFG has selected Guidewire Core and Data products to modernize its systems and transform the way it does business. Guidewire PartnerConnect™ Consulting Premier member, PwC US, is the system integrator selected by UFG.

Released on: Nov 17, 2017

Today, the Board of Directors of United Fire Group, Inc. (Nasdaq:UFCS) ("UFG") declared a common stock quarterly cash dividend of $0.28 per share. This dividend will be payable December 15, 2017, to shareholders of record as of December 1, 2017. UFG has consistently paid a quarterly cash dividend since 1968.

Released on: Nov 8, 2017

United Fire Group, Inc. (the “Company” or "UFG") (Nasdaq:UFCS) today reported a consolidated net loss, including net realized investment gains and losses, of $17.9 million ($0.72 per diluted share) for the three-month period ended September 30, 2017 (the "third quarter"), compared to consolidated net income of $12.4 million ($0.48 per diluted share) for the same period in 2016. For the nine-month period ended September 30, 2017 ("year-to-date"), consolidated net income, including net realized investment gains and losses, was $5.0 million ($0.20 per diluted share), compared to $37.9 million ($1.47 per diluted share) for the same period in 2016.

Released on: Oct 31, 2017

CEDAR RAPIDS, Iowa, Oct. 31, 2017 (GLOBE NEWSWIRE) -- United Fire Group, Inc. (the “Company” or "UFG") (Nasdaq:UFCS) announced today that the third quarter 2017 results are expected to include estimated pre-tax catastrophe losses of approximately $29 million to $33 million. The estimated pre-tax catastrophe losses include approximately $10 million related to Hurricane Harvey, $8 million related to Hurricane Irma and $4 million related to Hurricane Maria. Looking forward to fourth quarter, we estimate our catastrophe losses associated with the California wildfires will be in the range of $2 million to $3 million.

Released on: Oct 10, 2017

CEDAR RAPIDS, Iowa, Oct. 10, 2017 (GLOBE NEWSWIRE) -- United Fire Group, Inc. (Nasdaq:UFCS) (the "Company", "UFG", "we", or "our") announced today that its 2017 third quarter earnings results will be released before the market opens on November 8, 2017.

Released on: Sep 19, 2017

CEDAR RAPIDS, Iowa, Sept. 19, 2017 (GLOBE NEWSWIRE) -- United Fire Group, Inc. (Nasdaq:UFCS) (the "Company" or "UFG") announced today that its subsidiary, United Fire & Casualty Company ("United Fire"), has entered into a definitive agreement with Kuvare US Holdings, Inc. ("Kuvare") to sell its subsidiary, United Life Insurance Company ("United Life"), for $280 million in cash, subject to specified adjustments as set forth in the definitive agreement (the “Sale”). The purchase price represents a multiple of 1.2 times GAAP book value and 1.4 times GAAP book value excluding unrealized investment gains. The closing of the Sale, which is currently expected to occur in the first half of 2018, is subject to customary conditions, including regulatory approval. The Company anticipates that proceeds from the Sale will be used for various capital management initiatives which may include continued share repurchases, regular and extraordinary shareholder dividends and potential future acquisitions.

Released on: Sep 14, 2017

Employee surveys earn the Cedar Rapids-based company recognition for the third consecutive year.

Released on: Sep 8, 2017

September 8, 2017. As Hurricane Irma approaches Florida, UFG is deploying a catastrophe storm team to the area to assist our customers who are in the path of the storm.

Released on: Sep 8, 2017

UFG establishes relief fund to help employees impacted by Harvey.

Released on: Sep 6, 2017

September 6, 2017, Hurricane Harvey update

Released on: Aug 28, 2017

August 28, 2017, Hurricane Harvey Update

Released on: Aug 24, 2017

August 24, 2017, Hurricane Harvey update

Released on: Aug 18, 2017

Today, the Board of Directors of United Fire Group, Inc. (Nasdaq: UFCS) ("UFG") declared a common stock quarterly cash dividend of $0.28 per share. This dividend will be payable September 15, 2017, to shareholders of record as of September 1, 2017. UFG has consistently paid a quarterly cash dividend since 1968.