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United Fire Group (UFCS)
NASDAQ:UFCS
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Earnings Data
Report Date
Feb 12, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.75Last Year’s EPS
0.65Same Quarter Last Year
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2018
|% Change Since: 27.40%
|Next Earnings Date:Aug 08, 2018
Earnings Call Sentiment|Positive
The earnings call reflects a positive outlook with significant improvements in net income, investment income, and underwriting metrics, despite some challenges with increased expenses and ongoing resolution of rating errors.Company Guidance
During the third quarter earnings call for United Fire Group Insurance, the company reported notable improvements across several key financial metrics. Net written premiums surged by 23% to $305.6 million, driven by a robust performance in core commercial and alternative distribution businesses. The GAAP combined ratio improved by 3.8 points to 98.2%, attributed to enhanced core margins and catastrophe losses that were below both prior year and historical averages. The underlying loss ratio saw a 2.6-point improvement, landing at 57.9%, supported by strong rate achievement and reduced large property loss experience. Investment income also witnessed a significant rise, increasing by 49% to $24.4 million, bolstered by strategic adjustments in the fixed income portfolio. The company maintained stable prior period reserve development and continued to optimize their property catastrophe risk profile, ensuring minimal impact from recent hurricanes. Overall, these metrics underscore the company's strategic progress and resilience in navigating industry challenges.Record Net Income and Operating Income
UFG generated the highest quarterly net income and operating income in the past 10 quarters, highlighting progress in improving underwriting and investment returns.
Net Written Premiums Growth
Net written premiums grew 23% to $305.6 million, led by core commercial and alternative distribution businesses.
Improvement in GAAP Combined Ratio
The third quarter GAAP combined ratio improved 3.8 points to 98.2%, reflecting efforts to improve core margins and lower catastrophe losses.
Strong Net Investment Income
Net investment income increased 49% to $24.4 million, driven by actions to reposition the fixed income portfolio.
Continued Underwriting Discipline
The underlying loss ratio improved 2.6 points to 57.9%, due to strong earned rate achievement and lower-than-expected property large loss experience.
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UFCS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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UFCS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 05, 2024 | $19.82 | $24.61 | +24.17% |
| Aug 06, 2024 | $20.19 | $18.43 | -8.72% |
| May 07, 2024 | $22.92 | $23.12 | +0.87% |
| Feb 13, 2024 | $20.85 | $24.29 | +16.50% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does United Fire Group (UFCS) report earnings?
United Fire Group (UFCS) is schdueled to report earning on Feb 12, 2025, TBA Not Confirmed.
What is United Fire Group (UFCS) earnings time?
United Fire Group (UFCS) earnings time is at Feb 12, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is UFCS EPS forecast?
UFCS EPS forecast for the fiscal quarter 2024 (Q4) is 0.75.
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