United Fire Group, Inc. Reports Second Quarter 2022 Results

Released on: Aug 4, 2022, 06:00 AM

CEDAR RAPIDS, Iowa, Aug. 04, 2022 (GLOBE NEWSWIRE) -- United Fire Group, Inc. (Nasdaq: UFCS)

United Fire Group, Inc. (the "Company" or "UFG") (Nasdaq: UFCS) today reported a consolidated net loss, including net investment losses and changes in the fair value of equity securities, of $10.5 million ($0.42 per diluted share) for the three-month period ended June 30, 2022 (the "second quarter of 2022"), compared to consolidated net income of $13.8 million ($0.54 per diluted share) for the same period in 2021. For the six-month period ended June 30, 2022 ("year-to-date"), consolidated net income, including realized investment gains and losses and changes in the fair value of equity securities, was $17.9 million ($0.70 per diluted share), compared to net income of $32.5 million ($1.28 per diluted share) for the same period in 2021.

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