UFCS on Nasdaq
UNITED FIRE GROUP INC
Fire company, listed on Nasdaq (UFCS). Summary from the record
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Last updated Oct 19, 2026.
Overview
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- TickerUFCS on Nasdaq1
- IndustryFire, Marine & Casualty Insurance1
- HeadquartersCedar Rapids, Iowa1
- Business address118 Second Ave Se, Cedar Rapids, Ia 524012
- Filer categoryAccelerated filer2
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Founded in 1946, United Fire Group, Inc. ("UFG", the "Registrant", the "Company", "we", "us", or "our") and its subsidiaries are engaged in the business of writing property and casualty insurance through a network of independent agencies. Our insurance company subsidiaries are currently licensed as property and casualty insurers in all 50 states, plus the District of Columbia. Our principal executive office is located at 118 Second Avenue SE, Cedar Rapids, Iowa 52401.3 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Other costs89¢$1.2B
- Interest1¢$11.3M
- Income tax2¢$29.7M
- Profit9¢$118.2M
Out of $1.4B in revenue.4
Where each dollar of operating cash went, fiscal 2025
- Dividends paid6¢$16.3M
- Kept or used elsewhere94¢$253.4M
Out of $269.7M of cash from operations.4
Financial statements
Every line of the income statement as filed: the last 3 fiscal years, latest first.4
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net earned premium | $1.3B | $1.2B | $1.0B |
| Net investment income | $97.5M | $82.0M | $59.6M |
| Net investment gains (losses) | -$3.8M | -$5.4M | $1.3M |
| Total revenues | $1.4B | $1.3B | $1.1B |
| Losses and loss settlement expenses | $764.4M | $744.6M | $769.4M |
| Amortization of deferred policy acquisition costs | $315.3M | $281.3M | $245.0M |
| Other underwriting expenses | $146.6M | $140.9M | $115.8M |
| Interest Expense | $11.3M | $7.3M | $3.3M |
| Other non-underwriting expenses | $875.0K | $2.1M | $1.7M |
| Total benefits, losses and expenses | $1.2B | $1.2B | $1.1B |
| Income (loss) before income taxes | $147.9M | $77.0M | -$39.7M |
| Income tax expense (benefit) | $29.7M | $15.1M | -$10.0M |
| Net income (loss) | $118.2M | $62.0M | -$29.7M |
| Basic (in dollars per share) | $4.64 | $2.45 | -$1.18 |
| Diluted (in dollars per share) | $4.48 | $2.39 | -$1.18 |
| Basic (in shares) | 25.5M shares | 25.3M shares | 25.2M shares |
| Diluted (in shares) | 26.4M shares | 25.9M shares | 25.2M shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.4
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Fixed maturities, available-for-sale, at fair value (amortized cost of $2,239,173 and $1,961,531; allowance for credit losses of $0 and $0) | $2.2B | $1.9B | ||
| Mortgage loans (less allowance for credit losses of $286 and $45) | $30.8M | $40.9M | ||
| Other long-term investments | $228.5M | $183.7M | ||
| Short-term investments | $0 | $100.0K | ||
| Total investments | $2.5B | $2.1B | ||
| Cash and cash equivalents | $156.3M | $200.9M | ||
| Accrued investment income | $18.2M | $15.8M | ||
| Premiums receivable (net of allowance for doubtful accounts of $1,899 and $1,604) | $497.9M | $450.8M | ||
| Deferred policy acquisition costs | $158.2M | $147.2M | ||
| Property and equipment at cost (less accumulated depreciation of $85,555 and $75,866) | $132.6M | $136.0M | ||
| Reinsurance receivables and recoverables (net of allowance for credit losses of $121 and $103) | $238.5M | $230.8M | ||
| Prepaid reinsurance premiums | $32.4M | $44.9M | ||
| Intangible assets, net | $3.2M | $3.9M | ||
| Deferred tax asset, net | $15.4M | $23.0M | ||
| Income taxes receivable | $532.0K | $14.2M | ||
| Other assets | $122.8M | $127.8M | ||
| Total assets | $3.8B | $3.5B | ||
| Losses and loss settlement expenses | $1.9B | $1.8B | $1.6B | $1.5B |
| Unearned premium | $660.2M | $621.4M | ||
| Accrued expenses and other liabilities | $168.4M | $171.6M | ||
| Long term debt | $146.2M | $117.1M | ||
| Total liabilities | $2.9B | $2.7B | ||
| Common stock, $0.001 par value; authorized 75,000,000 shares; 25,522,051 and 25,378,291 shares issued and outstanding | $25.0K | $25.0K | ||
| Additional paid-in capital | $223.9M | $215.9M | ||
| Retained earnings | $722.3M | $620.4M | ||
| Accumulated other comprehensive income (loss), net of tax | -$5.1M | -$54.8M | ||
| Total stockholders' equity | $941.2M | $781.5M | $733.7M | |
| Total liabilities and stockholders' equity | $3.8B | $3.5B | ||
| Available-for-sale, amortized cost | $2.2B | $2.0B | ||
| Available-for-sale securities, allowance for credit losses | $0 | $0 | ||
| Allowance for mortgage loan losses | $286.0K | $45.0K | ||
| Allowance for doubtful accounts | $1.9M | $1.6M | ||
| Property and equipment, accumulated depreciation | $85.6M | $75.9M | ||
| Reinsurance receivables, allowance for credit losses | $121.0K | $103.0K | ||
| Common stock, par value (in dollars per share) | $0.00 | $0.00 | ||
| Common stock, shares authorized (in shares) | 75.0M shares | 75.0M shares | ||
| Common stock, shares issued (in shares) | 25.5M shares | 25.4M shares | ||
| Common stock, shares outstanding (in shares) | 25.5M shares | 25.4M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Fixed maturities, available-for-sale, at fair value (amortized cost of $2,239,173 and $1,961,531; allowance for credit losses of $0 and $0) | $2.2B | $1.9B | ||
| Mortgage loans (less allowance for credit losses of $286 and $45) | $30.8M | $40.9M | ||
| Other long-term investments | $228.5M | $183.7M | ||
| Short-term investments | $0 | $100.0K | ||
| Total investments | $2.5B | $2.1B | ||
| Cash and cash equivalents | $156.3M | $200.9M | ||
| Accrued investment income | $18.2M | $15.8M | ||
| Premiums receivable (net of allowance for doubtful accounts of $1,899 and $1,604) | $497.9M | $450.8M | ||
| Deferred policy acquisition costs | $158.2M | $147.2M | ||
| Property and equipment at cost (less accumulated depreciation of $85,555 and $75,866) | $132.6M | $136.0M | ||
| Reinsurance receivables and recoverables (net of allowance for credit losses of $121 and $103) | $238.5M | $230.8M | ||
| Prepaid reinsurance premiums | $32.4M | $44.9M | ||
| Intangible assets, net | $3.2M | $3.9M | ||
| Deferred tax asset, net | $15.4M | $23.0M | ||
| Income taxes receivable | $532.0K | $14.2M | ||
| Other assets | $122.8M | $127.8M | ||
| Total assets | $3.8B | $3.5B | ||
| Losses and loss settlement expenses | $1.9B | $1.8B | $1.6B | $1.5B |
| Unearned premium | $660.2M | $621.4M | ||
| Accrued expenses and other liabilities | $168.4M | $171.6M | ||
| Long term debt | $146.2M | $117.1M | ||
| Total liabilities | $2.9B | $2.7B | ||
| Common stock, $0.001 par value; authorized 75,000,000 shares; 25,522,051 and 25,378,291 shares issued and outstanding | $25.0K | $25.0K | ||
| Additional paid-in capital | $223.9M | $215.9M | ||
| Retained earnings | $722.3M | $620.4M | ||
| Accumulated other comprehensive income (loss), net of tax | -$5.1M | -$54.8M | ||
| Total stockholders' equity | $941.2M | $781.5M | $733.7M | |
| Total liabilities and stockholders' equity | $3.8B | $3.5B | ||
| Available-for-sale, amortized cost | $2.2B | $2.0B | ||
| Available-for-sale securities, allowance for credit losses | $0 | $0 | ||
| Allowance for mortgage loan losses | $286.0K | $45.0K | ||
| Allowance for doubtful accounts | $1.9M | $1.6M | ||
| Property and equipment, accumulated depreciation | $85.6M | $75.9M | ||
| Reinsurance receivables, allowance for credit losses | $121.0K | $103.0K | ||
| Common stock, par value (in dollars per share) | $0.00 | $0.00 | ||
| Common stock, shares authorized (in shares) | 75.0M shares | 75.0M shares | ||
| Common stock, shares issued (in shares) | 25.5M shares | 25.4M shares | ||
| Common stock, shares outstanding (in shares) | 25.5M shares | 25.4M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.4
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net income (loss) | $118.2M | $62.0M | -$29.7M |
| Net accretion of bond premium | $1.6M | $4.5M | $7.1M |
| Depreciation and amortization | $10.8M | $10.9M | $10.5M |
| Stock-based compensation expense | $9.0M | $5.5M | $3.2M |
| Net investment (gains) losses | $4.3M | $5.9M | -$1.5M |
| Net cash flows from trading investments | $0 | $56.4M | $116.1M |
| Deferred income tax benefit | -$5.7M | -$8.4M | -$8.3M |
| Accrued investment income | -$2.4M | $139.0K | -$1.5M |
| Premiums receivable | -$47.1M | $14.0M | -$99.1M |
| Deferred policy acquisition costs | -$11.0M | -$20.7M | -$22.3M |
| Reinsurance receivables | -$7.7M | -$7.6M | -$52.3M |
| Prepaid reinsurance premiums | $12.5M | -$17.2M | -$16.4M |
| Income taxes receivable | $13.6M | $7.3M | $10.0M |
| Other assets | $5.1M | -$2.3M | -$34.4M |
| Losses, claims and loss settlement expenses | $128.0M | $158.0M | $141.5M |
| Unearned premium | $38.8M | $72.1M | $75.0M |
| Accrued expenses and other liabilities | -$2.1M | $1.4M | $71.0M |
| Other, net | $3.8M | -$1.7M | $2.9M |
| Net cash provided by (used in) operating activities | $269.7M | $340.3M | $171.7M |
| Proceeds from sale of available-for-sale investments | $121.1M | $491.8M | $77.4M |
| Proceeds from call and maturity of available-for-sale investments | $258.8M | $178.8M | $80.1M |
| Proceeds from short-term and other investments | $14.6M | $9.4M | $4.6M |
| Purchase of available-for-sale investments | -$660.2M | -$872.9M | -$273.1M |
| Purchase of mortgage loans | $0 | $0 | -$8.1M |
| Purchase of short-term and other investments | -$53.7M | -$87.7M | -$19.9M |
| Net purchases and sales of property and equipment | -$6.4M | -$11.9M | -$10.9M |
| Net cash provided by (used in) investing activities | -$326.0M | -$292.5M | -$149.9M |
| Debt note issuance | $30.0M | $70.0M | $0 |
| Debt note issuance costs | -$1.1M | -$3.0M | $0 |
| Payment of cash dividends | -$16.3M | -$16.2M | -$16.2M |
| Issuance of common stock | -$993.0K | $348.0K | -$290.0K |
| Net cash provided by (used in) financing activities | $11.6M | $51.1M | -$16.5M |
| Net Change in Cash and Cash Equivalents | -$44.6M | $98.9M | $5.4M |
| Income taxes paid (refunded) | $23.6M | $16.1M | $1.3M |
| Interest paid | $11.3M | $7.2M | $3.3M |
No quarter-by-quarter statement was filed.
Leadership
Who has led UNITED FIRE GROUP INC, and when. Pick a name to see everywhere that person has worked.
Chief executive
President
Chief financial officer
Chief operating officer
2010201520202025
- Chief executive officerKevin James Leidwinger Aug 26, 2022 to now13
- Chief executive officerRandy A. Ramlo Feb 25, 2009 to Nov 3, 202214
- ChairJ. Scott McIntyre Jr. Feb 25, 2009 to Sep 21, 200915
- PresidentRandy A. Ramlo Feb 25, 2009 to Nov 3, 202214
- Chief financial officerEric J. Martin May 3, 2022 to now16
- Chief financial officerRandy L. Patten Oct 7, 2021 to Mar 14, 202217
- Chief financial officerKevin W. Helbing Dec 21, 2021 to Mar 14, 202218
- Chief financial officerDawn M. Jaffray Jul 7, 2015 to Feb 25, 202119
- Chief financial officerDianne M. Lyons Feb 25, 2009 to Feb 13, 201520
- Chief operating officerJulie A. Stephenson Feb 8, 2023 to now21
- Chief operating officerMichael T. Wilkins Feb 13, 2015 to Oct 4, 202222
- Chief operating officerMichael J. Sheeley Mar 10, 2011 to Feb 27, 201823
- Chief operating officerKent J. Hutchins Feb 25, 2009 to Aug 16, 201024
Board members and other officers (40)
- SVP - Chief Claim OfficerBrian Keith Rawlins Dec 9, 2025 to now25
- Chief Underwriting OfficerKelly A. Walsh Mar 4, 2024 to Jan 22, 202526
- Chief ActuaryKenneth W. Rupert Jr. Mar 4, 2024 to May 2, 202427
- Chief Administrative OfficerLindsay E. Lovvorn Mar 4, 2024 to May 2, 202428
- Chief Human Resources OfficerSteven Dennis Hernandez Aug 22, 2024 to now29
- VP - Chief Accounting OfficerAdam M. Vogt Nov 18, 2024 to now30
- VP & Chief UW OfficerJeremy Bahl May 24, 2022 to Mar 21, 202431
- VPMicah G. Woolstenhulme Nov 6, 2020 to Jan 16, 202532
- VP & Strategy OfficerRobert Francis Cataldo Aug 21, 2019 to Feb 26, 202433
- VP & Chief Claims OfficerCorey Lynn Ruehle Aug 23, 2019 to now34
- Assistant VP/Interim PFOKevin W. Helbing Nov 20, 2014 to Feb 12, 201635
- VP/Chief Investment OfficerBarrie W. Ernst Feb 25, 2009 to May 21, 202036
- VP/Chief Claims OfficerDavid E. Conner Feb 25, 2009 to Mar 12, 201937
- Pres - United Life Ins. Co.John A. Rife Feb 25, 2009 to May 19, 200938
- Executive Vice PresidentMichael T. Wilkins Feb 25, 2009 to Mar 31, 201439
- Board memberTeresa Jean Brown Aug 31, 2026 to now40
- Board memberGilda Livingston Spencer Aug 28, 2025 to now41
- Board memberMatthew R. Foran May 12, 2022 to now42
- Board memberMark A. Green May 17, 2022 to now43
- Board memberKevin James Leidwinger Aug 26, 2022 to now13
- Board memberLura E. McBride May 21, 2020 to now44
- Board memberSarah Fisher Gardial May 11, 2016 to May 16, 201945
- Board memberBrenda Kay Clancy Nov 21, 2016 to now46
- Board memberSusan E. Voss Feb 27, 2014 to now47
- Board memberJohn Paul E. Besong Feb 19, 2013 to now48
- Board memberScott L. Carlton May 18, 2012 to now49
- Board memberCasey D. Mahon Feb 25, 2009 to Feb 13, 201750
- Board memberChristopher R. Drahozal Feb 25, 2009 to now51
- Board memberDouglas M. Hultquist Feb 25, 2009 to Feb 12, 201652
- Board memberFrank S. Wilkinson Jr. Feb 25, 2009 to May 18, 201253
- Board memberGeorge D. Milligan Feb 25, 2009 to now54
- Board memberJames A. Leach Feb 25, 2009 to Aug 25, 200955
- Board memberJohn A. Rife Feb 25, 2009 to Mar 17, 201538
- Board memberKyle D. Skogman Feb 25, 2009 to Jun 10, 202256
- Board memberMary K. Quass Feb 25, 2009 to May 20, 202257
- Board memberRandy A. Ramlo Feb 25, 2009 to Nov 3, 202214
- Board memberThomas W. Hanley Feb 25, 2009 to May 18, 201258
- Board memberJames Noyce Nov 24, 2009 to now59
- General counselSarah E. Madsen May 24, 2022 to now60
- General counselNeal R. Scharmer Feb 25, 2009 to Apr 5, 202261
Former names
- UNITED FIRE & CASUALTY CONov 14, 1995 to Feb 2, 20122
Timeline
Filings
456 filings to the SEC since October 2021: 6 annual reports, 15 quarterly reports, 93 major events, 268 insider forms, 22 large holders, 52 other. The latest 20:
- Sep 8, 20264 PRIMARY DOCUMENT EDGAR
- Aug 31, 20263 PRIMARY DOCUMENT EDGAR
- Aug 21, 20268-K EDGAR
- Aug 4, 202610-Q EDGAR
- Aug 3, 20268-K EDGAR
- Jul 17, 20268-K EDGAR
- Jul 6, 20264 PRIMARY DOCUMENT EDGAR
- Jun 10, 202611-K EDGAR
- Jun 9, 20264 PRIMARY DOCUMENT EDGAR
- May 26, 20268-K EDGAR
- May 22, 20264 PRIMARY DOCUMENT EDGAR
- May 22, 20264 PRIMARY DOCUMENT EDGAR
- May 22, 20264 PRIMARY DOCUMENT EDGAR
- May 22, 20264 PRIMARY DOCUMENT EDGAR
- May 22, 20264 PRIMARY DOCUMENT EDGAR
- May 22, 20264 PRIMARY DOCUMENT EDGAR
- May 22, 20264 PRIMARY DOCUMENT EDGAR
- May 22, 20264 PRIMARY DOCUMENT EDGAR
- May 22, 20264 PRIMARY DOCUMENT EDGAR
- May 22, 20264 PRIMARY DOCUMENT EDGAR
The 456 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
62 open-market trades by officers, directors and large owners since October 2021: 29 buys and 33 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Sep 3, 2026 | Carlton Scott LDirector | Sale | 9,777 | $55.52 | $542.8K | Form 4 |
| Jun 5, 2026 | MILLIGAN GEORGE DDirector | Buy | 4,500 | $45.23 | $203.5K | Form 4 |
| Mar 4, 2026 | Drahozal Christopher RDirector | Sale | 4,250 | $38.49 | $163.6K | Form 4 |
| Mar 3, 2026 | Drahozal Christopher RDirector | Sale | 4,250 | $37.94 | $161.2K | Form 4 |
| Mar 2, 2026 | McIntyre Dee Ann10% owner | Sale | 4,250 | $38.84 | $165.1K | Form 4 |
| Mar 2, 2026 | Drahozal Christopher RDirector | Sale | 4,250 | $38.84 | $165.1K | Form 4 |
| Sep 18, 2025 | BESONG JOHN PAUL EDirector | Sale | 2,450 | $32.26 | $79.0K | Form 4 |
| Aug 11, 2025 | Martin Eric JChief Financial Officer | Buy | 500 | $29.00 | $14.5K | Form 4 |
| Mar 6, 2025 | Drahozal Christopher RDirector | Sale | 2,500 | $28.33 | $70.8K | Form 4 |
| Mar 6, 2025 | McIntyre Dee Ann10% owner | Sale | 2,500 | $28.33 | $70.8K | Form 4 |
| Mar 6, 2025 | McIntyre Dee Ann10% owner | Sale | 2,500 | $28.33 | $70.8K | Form 4 |
| Mar 5, 2025 | Drahozal Christopher RDirector | Sale | 2,500 | $28.09 | $70.2K | Form 4 |
| Mar 5, 2025 | McIntyre Dee Ann10% owner | Sale | 2,500 | $28.09 | $70.2K | Form 4 |
| Mar 5, 2025 | McIntyre Dee Ann10% owner | Sale | 2,500 | $28.09 | $70.2K | Form 4 |
| Mar 4, 2025 | Drahozal Christopher RDirector | Sale | 2,500 | $27.31 | $68.3K | Form 4 |
| Mar 4, 2025 | McIntyre Dee Ann10% owner | Sale | 4,250 | $38.49 | $163.6K | Form 4 |
| Mar 4, 2025 | McIntyre Dee Ann10% owner | Sale | 2,500 | $27.31 | $68.3K | Form 4 |
| Mar 4, 2025 | McIntyre Dee Ann10% owner | Sale | 2,500 | $27.31 | $68.3K | Form 4 |
| Mar 3, 2025 | McIntyre Dee Ann10% owner | Sale | 4,250 | $37.94 | $161.2K | Form 4 |
| Feb 14, 2025 | MILLIGAN GEORGE DDirector | Buy | 3,500 | $26.97 | $94.4K | Form 4 |
All 62 trades can be filtered by person here when JavaScript is on.
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- VANGUARD GROUP INCSCHEDULE 13G/A, 6 filings Feb 10, 2022 to Mar 27, 202662
- Dee Ann McIntyreSCHEDULE 13G/A, 3 filings Feb 14, 2024 to Feb 6, 202663
- EARNEST PARTNERS LLCSC 13G/A, 6 filings Feb 11, 2022 to Sep 10, 202464
- DIMENSIONAL FUND ADVISORS LPSC 13G/A, 3 filings Feb 8, 2022 to Feb 9, 202465
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.
13F reports cover disclosed long positions in U.S. stocks only.
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 15SEC EDGARJ. Scott McIntyre Jr., Chair
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- 27SEC EDGARKenneth W. Rupert Jr., Chief Actuary
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- 31SEC EDGARJeremy Bahl, VP & Chief UW Officer
- 32SEC EDGARMicah G. Woolstenhulme, VP
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- 40SEC EDGARTeresa Jean Brown, Board member
- 41
- 42SEC EDGARMatthew R. Foran, Board member
- 43SEC EDGARMark A. Green, Board member
- 44SEC EDGARLura E. McBride, Board member
- 45SEC EDGARSarah Fisher Gardial, Board member
- 46SEC EDGARBrenda Kay Clancy, Board member
- 47SEC EDGARSusan E. Voss, Board member
- 48SEC EDGARJohn Paul E. Besong, Board member
- 49SEC EDGARScott L. Carlton, Board member
- 50SEC EDGARCasey D. Mahon, Board member
- 51
- 52SEC EDGARDouglas M. Hultquist, Board member
- 53SEC EDGARFrank S. Wilkinson Jr., Board member
- 54SEC EDGARGeorge D. Milligan, Board member
- 55SEC EDGARJames A. Leach, Board member
- 56SEC EDGARKyle D. Skogman, Board member
- 57SEC EDGARMary K. Quass, Board member
- 58SEC EDGARThomas W. Hanley, Board member
- 59SEC EDGARJames Noyce, Board member
- 60SEC EDGARSarah E. Madsen, General counsel
- 61SEC EDGARNeal R. Scharmer, General counsel
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