United Fire Group (UFCS) Financials

$27.47 -0.52 (-1.86%)

Closing price 04:00 PM Eastern

Extended Trading

$27.46 -0.01 (-0.04%)

As of 04:05 PM Eastern

Annual Income Statements for United Fire Group

This table shows United Fire Group's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	15	-30	62
Consolidated Net Income / (Loss)	15	-30	62
Net Income / (Loss) Continuing Operations	15	-30	62
Total Pre-Tax Income	12	-40	77
Total Operating Income	31	-38	90
Total Gross Profit	997	1,092	1,257
Total Revenue	996	1,094	1,259
Operating Revenue	996	1,094	1,259
Total Cost of Revenue	-0.52	1.72	2.11
Operating Cost of Revenue	-0.52	1.72	2.11
Total Operating Expenses	966	1,130	1,167
Amortization Expense	213	245	281
Other Operating Expenses / (Income)	752	885	886
Total Other Income / (Expense), net	-19	-1.99	-13
Interest Expense	3.19	3.26	7.28
Other Income / (Expense), net	-16	1.27	-5.43
Income Tax Expense	-2.95	-10	15
Basic Earnings per Share	$0.60	($1.18)	$2.45
Weighted Average Basic Shares Outstanding	25.16M	25.25M	25.32M
Diluted Earnings per Share	$0.59	($1.18)	$2.39
Weighted Average Diluted Shares Outstanding	25.32M	25.25M	25.92M
Weighted Average Basic & Diluted Shares Outstanding	25.22M	25.28M	25.38M
Cash Dividends to Common per Share	$0.63	$0.64	$0.64

This table shows United Fire Group's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	-23	20	0.69	-56	6.38	20	14	-2.70	21	31
Consolidated Net Income / (Loss)	-23	20	0.69	-56	6.38	20	14	-2.74	20	31
Net Income / (Loss) Continuing Operations	-23	20	0.69	-56	6.38	20	14	-2.74	20	31
Total Pre-Tax Income	-31	23	-0.00	-72	8.38	24	16	-3.77	25	40
Total Operating Income	-30	39	0.80	-73	11	23	17	-1.08	29	45
Total Gross Profit	53	458	91	266	276	460	115	302	324	515
Total Revenue	236	275	267	266	276	285	296	302	325	336
Operating Revenue	236	275	267	266	276	285	296	302	325	336
Total Cost of Revenue	182	-183	176	-0.20	0.18	-174	181	0.15	0.48	-179
Operating Cost of Revenue	182	-	176	-0.20	0.18	-174	181	0.15	0.48	-179
Total Operating Expenses	84	418	90	339	265	437	98	303	295	470
Amortization Expense	53	57	60	59	63	63	66	67	71	77
Other Operating Expenses / (Income)	30	383	30	280	202	373	32	236	224	394
Total Other Income / (Expense), net	-0.80	-17	-0.80	0.33	-2.76	1.24	-0.86	-2.69	-4.16	-5.00
Interest Expense	0.80	0.80	0.80	0.80	0.80	0.87	0.86	1.46	2.48	2.48
Income Tax Expense	-8.25	2.52	-0.70	-16	2.00	4.52	2.78	-1.04	5.23	8.10
Weighted Average Basic Shares Outstanding	25.20M	25.16M	25.24M	25.26M	25.27M	25.25M	25.30M	25.34M	25.34M	25.32M
Weighted Average Diluted Shares Outstanding	25.19M	25.32M	25.50M	25.25M	25.58M	25.25M	25.83M	25.31M	25.91M	25.92M
Weighted Average Basic & Diluted Shares Outstanding	25.20M	25.22M	25.24M	25.26M	25.27M	25.28M	25.30M	25.34M	25.34M	25.38M

This table details how cash moves in and out of United Fire Group's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Net Change in Cash & Equivalents	-35	5.40	99
Net Cash From Operating Activities	-1.25	172	340
Net Cash From Continuing Operating Activities	-1.25	172	340
Net Income / (Loss) Continuing Operations	15	-30	62
Consolidated Net Income / (Loss)	15	-30	62
Depreciation Expense	7.67	11	11
Amortization Expense	9.00	7.09	4.53
Non-Cash Adjustments To Reconcile Net Income	-29	165	287
Changes in Operating Assets and Liabilities, net	-3.64	19	-24
Net Cash From Investing Activities	-19	-150	-292
Net Cash From Continuing Investing Activities	-19	-150	-292
Purchase of Property, Plant & Equipment	-2.14	-11	-12
Purchase of Investments	-297	-293	-961
Sale and/or Maturity of Investments	280	162	680
Other Investing Activities, net	-0.10	-8.14	0.00
Net Cash From Financing Activities	-15	-16	51
Net Cash From Continuing Financing Activities	-15	-16	51
Repayment of Debt	0.00	0.00	-3.05
Payment of Dividends	-16	-16	-16
Issuance of Debt	0.00	0.00	70
Issuance of Common Equity	0.83	-0.29	0.35
Cash Interest Paid	3.19	3.26	7.17
Cash Income Taxes Paid	22	1.35	16

This table details how cash moves in and out of United Fire Group's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	-39	44	-43	26	-11	33	116	-64	44	3.58
Net Cash From Operating Activities	-14	29	-6.79	45	112	22	36	91	56	156
Net Cash From Continuing Operating Activities	-14	29	-6.79	45	112	22	36	91	56	156
Net Income / (Loss) Continuing Operations	-23	20	0.69	-56	6.38	20	14	-2.74	20	31
Consolidated Net Income / (Loss)	-23	20	0.69	-56	6.38	20	14	-2.74	20	31
Depreciation Expense	4.67	-0.41	2.65	2.54	2.66	2.67	2.67	3.15	2.50	2.59
Amortization Expense	1.87	2.03	1.80	1.69	1.75	1.85	1.67	1.40	0.86	0.61
Non-Cash Adjustments To Reconcile Net Income	6.63	-5.78	5.37	94	85	-19	81	36	19	151
Changes in Operating Assets and Liabilities, net	-4.10	13	-17	3.12	16	17	-63	54	14	-29
Net Cash From Investing Activities	-21	19	-33	-14	-118	15	84	-218	-8.47	-149
Net Cash From Continuing Investing Activities	-21	19	-33	-14	-118	15	84	-218	-8.47	-149
Purchase of Property, Plant & Equipment	-3.37	0.54	-2.62	-3.00	-2.42	-2.85	-2.60	-3.24	-3.09	-2.94
Purchase of Investments	-78	-30	-61	-46	-140	-46	-41	-395	-239	-285
Sale and/or Maturity of Investments	61	48	31	43	25	63	128	179	234	139
Net Cash From Financing Activities	-4.21	-4.05	-4.13	-4.16	-4.05	-4.11	-4.30	63	-4.05	-3.36
Net Cash From Continuing Financing Activities	-4.21	-4.05	-4.13	-4.16	-4.05	-4.11	-4.30	63	-4.05	-3.36
Payment of Dividends	-4.03	-4.03	-4.04	-4.04	-4.04	-4.04	-4.05	-4.05	-4.06	-4.06
Issuance of Debt	-	-	-	-	-	-	-	-	0.05	2.99
Issuance of Common Equity	-0.18	-0.02	-0.10	-0.12	-0.01	-0.07	-0.26	-0.11	-0.04	0.76
Cash Interest Paid	0.80	0.80	0.80	0.80	0.80	0.87	0.86	1.46	2.48	2.37
Cash Income Taxes Paid	0.01	0.01	0.01	1.31	0.01	0.01	0.01	9.60	1.10	5.40

This table presents United Fire Group's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Total Assets	2,882	3,144	3,488
Total Current Assets	143	140	231
Cash & Equivalents	97	102	201
Short-Term Investments	15	16	16
Current Deferred & Refundable Income Taxes	31	21	14
Plant, Property, & Equipment, net	133	134	136
Total Noncurrent Assets	2,606	2,870	3,121
Long-Term Investments	1,807	1,886	2,093
Noncurrent Note & Lease Receivables	404	465	451
Goodwill	5.32	4.62	3.91
Noncurrent Deferred & Refundable Income Taxes	16	14	23
Other Noncurrent Operating Assets	375	501	551
Total Liabilities & Shareholders' Equity	2,882	3,144	3,488
Total Liabilities	2,142	2,410	2,707
Total Current Liabilities	1,497	1,639	1,797
Other Current Liabilities	1,497	1,639	1,797
Total Noncurrent Liabilities	645	772	910
Long-Term Debt	50	50	117
Other Noncurrent Operating Liabilities	595	722	793
Total Equity & Noncontrolling Interests	740	734	782
Total Preferred & Common Equity	740	734	782
Total Common Equity	740	734	782
Common Stock	207	210	216
Retained Earnings	621	575	620
Accumulated Other Comprehensive Income / (Loss)	-87	-51	-55

This table presents United Fire Group's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Total Assets	2,819	2,898	3,018	3,052	3,245	3,409	3,546
Total Current Assets	93	243	123	106	229	173	230
Cash & Equivalents	53	53	80	69	218	153	197
Short-Term Investments	-	159	-	-	0.10	0.10	16
Current Deferred & Refundable Income Taxes	40	30	43	36	12	20	17
Plant, Property, & Equipment, net	133	133	134	134	134	135	135
Total Noncurrent Assets	2,593	2,523	2,761	2,812	2,881	3,101	3,181
Long-Term Investments	1,777	1,682	1,790	1,784	1,688	1,895	1,995
Noncurrent Note & Lease Receivables	203	200	241	257	281	285	609
Intangible Assets	5.50	5.15	4.97	4.79	4.44	4.26	4.08
Noncurrent Deferred & Refundable Income Taxes	26	14	22	37	23	27	14
Other Noncurrent Operating Assets	582	621	703	730	884	890	558
Total Liabilities & Shareholders' Equity	2,819	2,898	3,018	3,052	3,245	3,409	3,546
Total Liabilities	2,118	2,147	2,342	2,407	2,508	2,682	2,760
Total Current Liabilities	1,465	1,499	1,615	1,637	1,691	1,756	1,795
Other Current Liabilities	1,465	1,499	1,615	1,637	1,691	1,756	1,795
Total Noncurrent Liabilities	654	647	727	770	817	926	965
Long-Term Debt	50	50	50	50	50	117	117
Other Noncurrent Operating Liabilities	604	597	677	720	767	809	848
Total Equity & Noncontrolling Interests	701	752	676	645	737	727	786
Total Preferred & Common Equity	701	752	676	645	737	727	786
Total Common Equity	701	752	676	645	737	727	786
Common Stock	207	208	209	210	211	212	213
Retained Earnings	604	617	557	559	584	577	593
Accumulated Other Comprehensive Income / (Loss)	-111	-73	-89	-124	-58	-63	-21

This table displays calculated financial ratios and metrics derived from United Fire Group's official financial filings.

Metric	2022	2023	2024
Growth Metrics	-	-	-
Revenue Growth	-6.57%	9.84%	15.04%
EBITDA Growth	-73.53%	-159.06%	628.87%
EBIT Growth	-84.81%	-338.85%	331.25%
NOPAT Growth	-53.64%	-168.12%	373.26%
Net Income Growth	-81.35%	-297.59%	308.61%
EPS Growth	0.00%	-300.00%	302.54%
Operating Cash Flow Growth	-104.18%	13,827.90%	98.16%
Free Cash Flow Firm Growth	-2,217.41%	198.75%	296.19%
Invested Capital Growth	8.58%	-8.22%	-15.61%
Revenue Q/Q Growth	-2.55%	2.48%	4.07%
EBITDA Q/Q Growth	-62.50%	16.12%	15.83%
EBIT Q/Q Growth	-76.65%	1.95%	21.56%
NOPAT Q/Q Growth	-30.46%	-1.47%	27.93%
Net Income Q/Q Growth	-71.45%	-1.75%	23.61%
EPS Q/Q Growth	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	93.07%	-3.55%	65.05%
Free Cash Flow Firm Q/Q Growth	52.82%	25.66%	28.33%
Invested Capital Q/Q Growth	-4.54%	-5.44%	-8.05%
Profitability Metrics	-	-	-
Gross Margin	100.05%	99.84%	99.83%
EBITDA Margin	3.21%	-1.72%	7.92%
Operating Margin	3.13%	-3.45%	7.13%
EBIT Margin	1.53%	-3.33%	6.70%
Profit (Net Income) Margin	1.51%	-2.71%	4.92%
Tax Burden Percent	124.46%	74.77%	80.43%
Interest Burden Percent	79.12%	108.94%	91.36%
Effective Tax Rate	-24.46%	0.00%	19.57%
Return on Invested Capital (ROIC)	0.00%	0.00%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	0.00%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	0.00%
Return on Equity (ROE)	1.86%	-4.03%	8.18%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	0.00%
Operating Return on Assets (OROA)	0.52%	-1.21%	2.54%
Return on Assets (ROA)	0.51%	-0.99%	1.87%
Return on Common Equity (ROCE)	1.86%	-4.03%	8.18%
Return on Equity Simple (ROE_SIMPLE)	2.03%	-4.05%	7.93%
Net Operating Profit after Tax (NOPAT)	39	-26	72
NOPAT Margin	3.89%	-2.41%	5.73%
Net Nonoperating Expense Percent (NNEP)	-1.19%	-0.17%	-0.49%
Return On Investment Capital (ROIC_SIMPLE)	4.91%	-3.37%	8.03%
Cost of Revenue to Revenue	-0.05%	0.16%	0.17%
SG&A Expenses to Revenue	0.00%	0.00%	0.00%
R&D to Revenue	0.00%	0.00%	0.00%
Operating Expenses to Revenue	96.92%	103.29%	92.70%
Earnings before Interest and Taxes (EBIT)	15	-36	84
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	32	-19	100
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	0.88	0.67	0.92
Price to Tangible Book Value (P/TBV)	0.89	0.68	0.93
Price to Revenue (P/Rev)	0.65	0.45	0.57
Price to Earnings (P/E)	43.35	0.00	11.64
Dividend Yield	2.44%	3.27%	2.25%
Earnings Yield	2.31%	0.00%	8.59%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	0.00
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00
Leverage & Solvency	-	-	-
Debt to Equity	0.07	0.07	0.15
Long-Term Debt to Equity	0.07	0.07	0.15
Financial Leverage	-2.46	-2.59	-2.74
Leverage Ratio	3.64	4.09	4.38
Compound Leverage Factor	2.88	4.45	4.00
Debt to Total Capital	6.33%	6.38%	13.03%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	6.33%	6.38%	13.03%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%
Common Equity to Total Capital	93.67%	93.62%	86.97%
Debt to EBITDA	1.57	-2.65	1.17
Net Debt to EBITDA	-58.50	103.63	-21.98
Long-Term Debt to EBITDA	1.57	-2.65	1.17
Debt to NOPAT	1.29	-1.89	1.62
Net Debt to NOPAT	-48.17	73.99	-30.38
Long-Term Debt to NOPAT	1.29	-1.89	1.62
Altman Z-Score	0.28	0.12	0.31
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-
Current Ratio	0.10	0.09	0.13
Quick Ratio	0.07	0.07	0.12
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	-67	66	263
Operating Cash Flow to CapEx	-58.54%	1,577.59%	2,866.93%
Free Cash Flow to Firm to Interest Expense	-21.06	20.34	36.08
Operating Cash Flow to Interest Expense	-0.39	52.68	46.74
Operating Cash Flow Less CapEx to Interest Expense	-1.06	49.34	45.11
Efficiency Ratios	-	-	-
Asset Turnover	0.34	0.36	0.38
Accounts Receivable Turnover	0.00	0.00	0.00
Inventory Turnover	0.00	0.00	0.00
Fixed Asset Turnover	7.36	8.19	9.31
Accounts Payable Turnover	0.00	0.00	0.00
Days Sales Outstanding (DSO)	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	0.00	0.00
Cash Conversion Cycle (CCC)	0.00	0.00	0.00
Capital & Investment Metrics	-	-	-
Invested Capital	-1,128	-1,221	-1,411
Invested Capital Turnover	-0.84	-0.93	-0.96
Increase / (Decrease) in Invested Capital	106	-93	-191
Enterprise Value (EV)	-1,216	-1,460	-1,472
Market Capitalization	652	495	721
Book Value per Share	$29.37	$29.04	$30.84
Tangible Book Value per Share	$29.16	$28.86	$30.69
Total Capital	790	784	899
Total Debt	50	50	117
Total Long-Term Debt	50	50	117
Net Debt	-1,868	-1,954	-2,193
Capital Expenditures (CapEx)	2.14	11	12
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-1,466	-1,617	-1,783
Debt-free Net Working Capital (DFNWC)	-1,354	-1,499	-1,566
Net Working Capital (NWC)	-1,354	-1,499	-1,566
Net Nonoperating Expense (NNE)	24	3.29	10
Net Nonoperating Obligations (NNO)	-1,868	-1,954	-2,193
Total Depreciation and Amortization (D&A)	17	18	15
Debt-free, Cash-free Net Working Capital to Revenue	-147.15%	-147.81%	-141.62%
Debt-free Net Working Capital to Revenue	-135.96%	-137.02%	-124.39%
Net Working Capital to Revenue	-135.96%	-137.02%	-124.39%
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$2.45
Adjusted Weighted Average Basic Shares Outstanding	25.22M	25.28M	25.32M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$2.39
Adjusted Weighted Average Diluted Shares Outstanding	25.22M	25.28M	25.92M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	25.22M	25.28M	25.38M
Normalized Net Operating Profit after Tax (NOPAT)	22	-26	72
Normalized NOPAT Margin	2.19%	-2.41%	5.73%
Pre Tax Income Margin	1.21%	-3.63%	6.12%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	4.79	-11.18	11.58
NOPAT to Interest Expense	12.16	-8.10	9.91
EBIT Less CapEx to Interest Expense	4.12	-14.52	9.95
NOPAT Less CapEx to Interest Expense	11.49	-11.44	8.28
Payout Ratios	-	-	-
Dividend Payout Ratio	105.52%	-54.42%	26.17%
Augmented Payout Ratio	105.52%	-54.42%	26.17%

This table displays calculated financial ratios and metrics derived from United Fire Group's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-6.08%	-8.67%	8.81%	10.60%	17.13%	3.84%	10.82%	13.70%	17.66%	17.70%
EBITDA Growth	-178.67%	-47.70%	-86.93%	-620.57%	156.83%	-33.07%	310.00%	103.32%	126.91%	74.18%
EBIT Growth	-123.27%	-46.53%	-97.76%	-438.53%	130.14%	-41.80%	2,053.64%	96.77%	199.31%	94.61%
NOPAT Growth	-123.27%	-40.51%	-98.08%	-447.00%	139.81%	-46.78%	2,451.01%	98.51%	171.68%	90.42%
Net Income Growth	-139.56%	-65.15%	-97.55%	-439.18%	127.76%	-2.54%	1,845.53%	95.15%	209.53%	60.35%
EPS Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	95.07%	204.00%	0.00%
Operating Cash Flow Growth	16.36%	143.35%	-525.45%	355.60%	902.08%	-22.11%	632.88%	104.55%	-49.43%	603.35%
Free Cash Flow Firm Growth	-3,870.67%	-226.77%	42.08%	-100.54%	139.78%	256.84%	167.17%	675.80%	96.29%	102.96%
Invested Capital Growth	15.51%	8.58%	5.25%	-3.65%	-7.30%	-8.22%	-2.39%	-5.36%	-12.81%	-15.61%
Revenue Q/Q Growth	-2.04%	16.59%	3.22%	-0.43%	3.74%	3.37%	2.62%	2.16%	7.36%	3.40%
EBITDA Q/Q Growth	-156.23%	271.38%	-79.09%	-1,382.69%	120.21%	101.86%	-29.91%	-89.60%	1,279.23%	54.95%
EBIT Q/Q Growth	-129.43%	229.24%	-96.60%	-9,073.62%	112.84%	149.54%	-34.38%	-113.47%	1,288.57%	62.25%
NOPAT Q/Q Growth	-129.43%	264.07%	-97.32%	-9,214.82%	116.70%	119.33%	-33.04%	-105.32%	3,144.55%	53.74%
Net Income Q/Q Growth	-119.77%	187.55%	-96.55%	-8,224.21%	111.32%	207.34%	-31.14%	-120.26%	822.05%	59.22%
EPS Q/Q Growth	0.00%	0.00%	0.00%	0.00%	111.21%	0.00%	0.00%	0.00%	790.91%	0.00%
Operating Cash Flow Q/Q Growth	20.32%	305.06%	-123.78%	757.97%	150.04%	-80.09%	62.67%	152.57%	-38.18%	176.94%
Free Cash Flow Firm Q/Q Growth	-111.20%	67.65%	29.42%	82.51%	930.76%	27.55%	-23.37%	49.95%	183.21%	31.88%
Invested Capital Q/Q Growth	2.18%	-4.54%	3.08%	-4.57%	-1.27%	-5.44%	3.45%	-7.60%	-8.43%	-8.05%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	22.57%	166.60%	34.04%	100.07%	99.94%	161.16%	38.95%	99.95%	99.85%	153.39%
EBITDA Margin	-10.14%	14.91%	1.96%	-25.27%	4.92%	9.61%	7.26%	0.74%	9.49%	14.22%
Operating Margin	-12.92%	14.32%	0.30%	-27.28%	4.03%	8.03%	5.79%	-0.36%	8.97%	13.27%
EBIT Margin	-12.92%	14.32%	0.30%	-26.86%	3.32%	8.03%	5.79%	-0.76%	8.46%	13.27%
Profit (Net Income) Margin	-9.76%	7.33%	0.26%	-21.20%	2.31%	6.88%	4.56%	-0.90%	6.08%	9.37%
Tax Burden Percent	73.59%	88.87%	-69,400.00%	78.06%	76.17%	81.26%	82.92%	72.55%	79.07%	79.51%
Interest Burden Percent	102.62%	57.57%	-0.13%	101.12%	91.31%	105.42%	94.99%	163.20%	90.96%	88.77%
Effective Tax Rate	0.00%	11.13%	0.00%	0.00%	23.83%	18.74%	17.08%	0.00%	20.93%	20.49%
Return on Invested Capital (ROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Equity (ROE)	6.95%	1.86%	-1.59%	-8.04%	-4.34%	-4.03%	-2.27%	5.24%	7.01%	8.18%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Return on Assets (OROA)	-4.53%	4.84%	0.10%	-9.35%	1.21%	2.91%	2.12%	-0.28%	3.10%	5.04%
Return on Assets (ROA)	-3.42%	2.48%	0.09%	-7.38%	0.84%	2.50%	1.67%	-0.33%	2.23%	3.56%
Return on Common Equity (ROCE)	6.95%	1.86%	-1.59%	-8.04%	-4.34%	-4.03%	-2.27%	5.24%	7.01%	8.18%
Return on Equity Simple (ROE_SIMPLE)	7.51%	0.00%	-1.68%	-8.66%	-4.53%	0.00%	-2.29%	5.06%	6.38%	0.00%
Net Operating Profit after Tax (NOPAT)	-21	35	0.56	-51	8.48	19	14	-0.76	23	35
NOPAT Margin	-9.04%	12.73%	0.21%	-19.10%	3.07%	6.52%	4.80%	-0.25%	7.10%	10.55%
Net Nonoperating Expense Percent (NNEP)	-0.09%	-0.75%	0.01%	-0.30%	-0.12%	0.05%	-0.04%	-0.11%	-0.17%	-0.19%
Return On Investment Capital (ROIC_SIMPLE)	-	4.42%	-	-	-	2.37%	-	-	-	3.94%
Cost of Revenue to Revenue	77.43%	-66.60%	65.96%	-0.07%	0.06%	-61.16%	61.05%	0.05%	0.15%	-53.39%
SG&A Expenses to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	35.49%	152.29%	33.75%	127.35%	95.90%	153.13%	33.16%	100.31%	90.88%	140.12%
Earnings before Interest and Taxes (EBIT)	-30	39	0.80	-71	9.17	23	17	-2.31	27	45
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-24	41	5.24	-67	14	27	21	2.23	31	48
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.98	0.88	0.86	0.82	0.75	0.67	0.74	0.75	0.67	0.92
Price to Tangible Book Value (P/TBV)	0.99	0.89	0.86	0.83	0.76	0.68	0.75	0.75	0.68	0.93
Price to Revenue (P/Rev)	0.67	0.65	0.64	0.54	0.45	0.45	0.49	0.47	0.44	0.57
Price to Earnings (P/E)	13.10	43.35	0.00	0.00	0.00	0.00	0.00	14.78	10.40	11.64
Dividend Yield	2.27%	2.44%	2.50%	2.91%	3.34%	3.27%	2.96%	2.98%	3.06%	2.25%
Earnings Yield	7.64%	2.31%	0.00%	0.00%	0.00%	0.00%	0.00%	6.77%	9.62%	8.59%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.07	0.07	0.07	0.07	0.08	0.07	0.07	0.16	0.15	0.15
Long-Term Debt to Equity	0.07	0.07	0.07	0.07	0.08	0.07	0.07	0.16	0.15	0.15
Financial Leverage	-2.55	-2.46	-2.42	-2.54	-2.66	-2.59	-2.49	-2.67	-2.72	-2.74
Leverage Ratio	3.85	3.64	3.67	4.05	4.36	4.09	4.13	4.58	4.61	4.38
Compound Leverage Factor	3.95	2.10	0.00	4.10	3.98	4.31	3.92	7.48	4.19	3.89
Debt to Total Capital	6.66%	6.33%	6.24%	6.88%	7.19%	6.38%	6.36%	13.87%	12.96%	13.03%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	6.66%	6.33%	6.24%	6.88%	7.19%	6.38%	6.36%	13.87%	12.96%	13.03%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	93.34%	93.67%	93.76%	93.12%	92.81%	93.62%	93.64%	86.13%	87.04%	86.97%
Debt to EBITDA	0.59	1.57	-17.11	-0.81	-2.22	-2.65	-19.08	1.69	1.36	1.17
Net Debt to EBITDA	-20.90	-58.50	631.22	29.39	80.17	103.63	708.46	-27.92	-24.29	-21.98
Long-Term Debt to EBITDA	0.59	1.57	-17.11	-0.81	-2.22	-2.65	-19.08	1.69	1.36	1.17
Debt to NOPAT	0.90	1.29	-3.67	-0.91	-1.92	-1.89	-3.55	2.79	2.07	1.62
Net Debt to NOPAT	-31.92	-48.17	135.43	33.01	69.25	73.99	131.83	-46.06	-37.08	-30.38
Long-Term Debt to NOPAT	0.90	1.29	-3.67	-0.91	-1.92	-1.89	-3.55	2.79	2.07	1.62
Altman Z-Score	0.24	0.31	0.30	0.07	0.13	0.18	0.21	0.14	0.19	0.27
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.06	0.10	0.16	0.08	0.06	0.09	0.14	0.10	0.13	0.13
Quick Ratio	0.04	0.07	0.14	0.05	0.04	0.07	0.13	0.09	0.12	0.12
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-219	-71	-60	-11	87	111	40	60	171	226
Operating Cash Flow to CapEx	-412.78%	0.00%	-259.50%	1,487.34%	4,613.31%	780.27%	1,389.20%	2,821.47%	1,827.12%	5,318.16%
Free Cash Flow to Firm to Interest Expense	-275.26	-89.05	-75.36	-13.18	109.51	128.10	46.96	41.43	69.05	91.07
Operating Cash Flow to Interest Expense	-17.46	35.81	-8.51	56.02	140.08	25.58	42.10	62.56	22.76	63.02
Operating Cash Flow Less CapEx to Interest Expense	-21.70	36.49	-11.80	52.26	137.04	22.30	39.07	60.34	21.51	61.84
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.35	0.34	0.34	0.35	0.36	0.36	0.37	0.36	0.37	0.38
Accounts Receivable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	7.59	7.36	7.37	7.64	8.00	8.19	8.40	8.64	8.98	9.31
Accounts Payable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Sales Outstanding (DSO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash Conversion Cycle (CCC)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	-1,079	-1,128	-1,093	-1,143	-1,158	-1,221	-1,119	-1,205	-1,306	-1,411
Invested Capital Turnover	-0.87	-0.84	-0.89	-0.91	-0.95	-0.93	-1.02	-0.99	-0.98	-0.96
Increase / (Decrease) in Invested Capital	198	106	61	-40	-79	-93	-26	-61	-148	-191
Enterprise Value (EV)	-1,090	-1,216	-1,200	-1,265	-1,318	-1,460	-1,310	-1,387	-1,562	-1,472
Market Capitalization	689	652	645	555	484	495	546	544	530	721
Book Value per Share	$27.82	$29.37	$29.79	$26.80	$25.53	$29.04	$29.15	$28.72	$31.02	$30.84
Tangible Book Value per Share	$27.60	$29.16	$29.59	$26.60	$25.34	$28.86	$28.97	$28.56	$30.85	$30.69
Total Capital	751	790	802	726	695	784	787	844	903	899
Total Debt	50	50	50	50	50	50	50	117	117	117
Total Long-Term Debt	50	50	50	50	50	50	50	117	117	117
Net Debt	-1,780	-1,868	-1,845	-1,820	-1,803	-1,954	-1,856	-1,931	-2,092	-2,193
Capital Expenditures (CapEx)	3.37	-0.54	2.62	3.00	2.42	2.85	2.60	3.24	3.09	2.94
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-1,425	-1,466	-1,469	-1,572	-1,600	-1,617	-1,679	-1,736	-1,778	-1,783
Debt-free Net Working Capital (DFNWC)	-1,372	-1,354	-1,257	-1,492	-1,531	-1,499	-1,461	-1,583	-1,565	-1,566
Net Working Capital (NWC)	-1,372	-1,354	-1,257	-1,492	-1,531	-1,499	-1,461	-1,583	-1,565	-1,566
Net Nonoperating Expense (NNE)	1.68	15	-0.14	5.59	2.10	-1.01	0.71	1.98	3.29	3.98
Net Nonoperating Obligations (NNO)	-1,780	-1,868	-1,845	-1,820	-1,803	-1,954	-1,856	-1,931	-2,092	-2,193
Total Depreciation and Amortization (D&A)	6.54	1.62	4.44	4.23	4.41	4.52	4.34	4.54	3.36	3.20
Debt-free, Cash-free Net Working Capital to Revenue	-139.39%	-147.15%	-146.66%	-153.00%	-149.89%	-147.81%	-149.36%	-149.56%	-147.03%	-141.62%
Debt-free Net Working Capital to Revenue	-134.20%	-135.96%	-125.44%	-145.25%	-143.41%	-137.02%	-129.98%	-136.34%	-129.37%	-124.39%
Net Working Capital to Revenue	-134.20%	-135.96%	-125.44%	-145.25%	-143.41%	-137.02%	-129.98%	-136.34%	-129.37%	-124.39%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	($0.11)	$0.78	$0.00
Adjusted Weighted Average Basic Shares Outstanding	25.20M	25.16M	25.24M	25.26M	25.27M	25.25M	25.30M	25.34M	25.34M	25.32M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	($0.11)	$0.76	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	25.19M	25.32M	25.50M	25.25M	25.58M	25.25M	25.83M	25.31M	25.91M	25.92M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	25.20M	25.22M	25.24M	25.26M	25.27M	25.28M	25.30M	25.34M	25.34M	25.38M
Normalized Net Operating Profit after Tax (NOPAT)	-21	35	0.56	-51	8.48	19	14	-0.76	23	35
Normalized NOPAT Margin	-9.04%	12.73%	0.21%	-19.10%	3.07%	6.52%	4.80%	-0.25%	7.10%	10.55%
Pre Tax Income Margin	-13.26%	8.24%	0.00%	-27.16%	3.04%	8.46%	5.50%	-1.25%	7.69%	11.78%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-38.18	49.35	1.00	-89.62	11.51	26.34	19.96	-1.58	11.07	17.95
NOPAT to Interest Expense	-26.73	43.85	0.70	-63.72	10.64	21.40	16.55	-0.52	9.29	14.28
EBIT Less CapEx to Interest Expense	-42.41	50.02	-2.28	-93.39	8.47	23.06	16.93	-3.80	9.82	16.77
NOPAT Less CapEx to Interest Expense	-30.96	44.53	-2.58	-67.49	7.60	18.13	13.52	-2.74	8.04	13.09
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	29.61%	105.52%	-127.77%	-27.57%	-55.35%	-54.42%	-95.74%	44.03%	32.31%	26.17%
Augmented Payout Ratio	29.61%	105.52%	-127.77%	-27.57%	-55.35%	-54.42%	-95.74%	44.03%	32.31%	26.17%

Frequently Asked Questions About United Fire Group's Financials

When does United Fire Group's fiscal year end?

According to the most recent income statement we have on file, United Fire Group's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has United Fire Group's net income changed over the last 2 years?

United Fire Group's net income appears to be on an upward trend, with a most recent value of $61.96 million in 2024, rising from $15.03 million in 2022. The previous period was -$29.70 million in 2023.

What is United Fire Group's operating income?

United Fire Group's total operating income in 2024 was $89.74 million, based on the following breakdown:

Total Gross Profit: $1.26 billion
Total Operating Expenses: $1.17 billion

How has United Fire Group revenue changed over the last 2 years?

Over the last 2 years, United Fire Group's total revenue changed from $996.18 million in 2022 to $1.26 billion in 2024, a change of 26.4%.

How much debt does United Fire Group have?

United Fire Group's total liabilities were at $2.71 billion at the end of 2024, a 12.3% increase from 2023, and a 26.4% increase since 2022.

How much cash does United Fire Group have?

In the past 2 years, United Fire Group's cash and equivalents has ranged from $96.65 million in 2022 to $200.95 million in 2024, and is currently $200.95 million as of their latest financial filing in 2024.

How has United Fire Group's book value per share changed over the last 2 years?

Over the last 2 years, United Fire Group's book value per share changed from 29.37 in 2022 to 30.84 in 2024, a change of 5.0%.

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This page (NASDAQ:UFCS) was last updated on 4/25/2025 by MarketBeat.com Staff

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United Fire Group (UFCS) Financials

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United Fire Group (UFCS) Financials

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