United Fire Group, Inc. Reports Second Quarter 2018 Results

Released on: Aug 8, 2018, 06:00 AM

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 $0.2 million ($0.01 per diluted share) for the three-month period ended June 30, 2018 (the "second quarter"), compared to consolidated net income of $3.0 million ($0.12 per diluted share) for the same period in 2017.

For the six-month period ended June 30, 2018 ("year-to-date"), consolidated net income, including realized investment gains and losses and changes in the fair value of equity securities, was $45.9 million ($1.80 per diluted share), compared to $22.9 million ($0.89 per diluted share) for the same period in 2017.

The Company reported consolidated adjusted operating loss of $0.03 per diluted share for the second quarter, compared to consolidated adjusted operating income of $0.05 per diluted share for the same period in 2017. Year-to-date, consolidated adjusted operating income was $0.96 per diluted share compared to consolidated adjusted operating income of $0.72 per diluted share for the same period in 2017.

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