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UFG policyholders can manage their policy the simple way at the new and improved ufgPolicyholder.com.

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UFG Insurance celebrating their 75th anniversary by sharing original headquarters in 1946.

Celebrating 75 years

UFG Insurance proudly celebrates its 75th anniversary in 2021, marking three quarters of a century of delivering simple insurance solutions to meet the complex coverage needs of its customers.

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It's Simple. Trust Matters.

When choosing insurance protection, make it simple. Go with a company that is financially strong and trustworthy.

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Businesses
of All Sizes

Owning your own business can be both rewarding and satisfying, but it also comes with its own set of worries and frustrations.

Business Insurance
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ProSeries small business insurance

Whether a business has 10 employees or 100, a single location or multiple and is celebrating its fifth year or its 50th, our ProSeries products are designed to meet both the simple and complex insurance needs of small businesses.

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Commercial and contract surety bonds

UFG Surety offers both commercial surety and contract surety bonds in all 50 states. With a simple submission process and fast turnaround time, we are committed to upholding our customers’ promises without holding up their jobs.

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United Fire Group, Inc. Updates Catastrophe Loss Estimates for First Quarter 2021

Released on: Apr 30, 2021, 06:30 AM
CEDAR RAPIDS, Iowa, April 30, 2021 (GLOBE NEWSWIRE) -- United Fire Group, Inc. (the "Company" or "UFG") (Nasdaq: UFCS) announced today that the first quarter 2021 results include estimated pre-tax catastrophe losses of $29 million. The higher than average catastrophe losses in the first quarter of 2021 were primarily from winter storm Uri. As previously released as an estimate on March 1, 2021, this catastrophic event was a full retention loss, with losses in excess of our stated reinsurance retention of $20.0 million.

United Fire Group, Inc. will report first quarter 2021 earnings before the market opens on May 5, 2021, and will host a conference call to discuss its financial results at 9:00 a.m. Central Time on that date.

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.

Through our subsidiaries, we are licensed as a property and casualty insurer in 50 states, plus the District of Columbia, and we are represented by approximately 1,000 independent agencies. A.M. Best Company assigns a rating of "A" (Excellent) for members of the United Fire & Casualty Group.

For more information about UFG visit www.ufginsurance.com.

Contact: Randy Patten, AVP & Controller, 319-286-2537 or IR@unitedfiregroup.com

Disclosure of Forward-Looking Statements

This release may contain forward-looking statements about our operations, anticipated performance and other similar matters. The Private Securities Litigation Reform Act of 1995 provides a safe harbor under the Securities Act of 1933 and the Securities Exchange Act of 1934 for forward-looking statements. The forward-looking statements are not historical facts and involve risks and uncertainties that could cause actual results to differ from those expected and/or projected. Such forward-looking statements are based on current expectations, estimates, forecasts and projections about the Company, the industry in which we operate, and beliefs and assumptions made by management. Words such as "expect(s)," "anticipate(s)," "intend(s)," "plan(s)," "believe(s)," "continue(s)," "seek(s)," "estimate(s)," "goal(s)," "remain(s) optimistic," "target(s)," "forecast(s)," "project(s)," "predict(s)," "should," "could," "may," "will," "might," "hope," "can" and other words and terms of similar meaning or expression in connection with a discussion of future operations, financial performance or financial condition, are intended to identify forward-looking statements. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed in such forward-looking statements. Information concerning factors that could cause actual outcomes and results to differ materially from those expressed in the forward-looking statements is contained in Part I, Item 1A "Risk Factors" of our Annual Report on Form 10-K for the year ended December 31, 2020, filed with the Securities and Exchange Commission ("SEC") on February 26, 2021. The risks identified in our Annual Report on Form 10-K and in our other SEC filings are representative of the risks, uncertainties, and assumptions that could cause actual outcomes and results to differ materially from what is expressed in the forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release or as of the date they are made. Except as required under the federal securities laws and the rules and regulations of the SEC, we do not have any intention or obligation to update publicly any forward-looking statements, whether as a result of new information, future events, or otherwise.