Saturday 17 October 2026 Export UFCS’s income statement to Excel — free account

United Fire Group, Inc

UFCS Financial Insurance Property & Casualty

United Fire Group, Inc’s revenue for fiscal 2025 (year ended December 2025) was $1.4 billion, up 10.6% from fiscal 2024. In the quarter to June 2026, revenue grew 14.4%, EPS grew 48.3%, free cash flow fell 34.7% and total debt rose 24.9%, each against the same quarter a year earlier. Dividend growth for five consecutive years, revenue growth for three; insiders bought in the last twelve months.

56.31 0.91 +1.64%

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Market cap: $1.4B
P/E: 10.5×
Fwd P/E: 10.8×
Dividend yield: 1.35%
F-score: 6/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 0.20

Total sells 1.52

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	1	—	—	—	—
Sell	—	—	—	—	2	—	—	—	—	—	1	—

Insider Ownership 16.89%

Capital & Financial Ratios $m

Market Cap 1,420.00

Revenue 1,472.99

Net Income 140.96

Free Cash Flow 268.44

Net Debt 6.91

Current Ratio 0.34

Debt/Equity 0.15

P/E ratio 10.47

Fwd P/E 10.80

P/S ratio 0.98

P/B ratio 1.48

Past 5Y EPS Growth —

This Y EPS Growth 8.21%

Next Y EPS Growth (0.69%)

Next Y revenue growth 15.26%

Next 5Y EPS Growth 6.16%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/E against its own 10 years 24.29%

10-year low 10-year high

P/S against its own 10 years 65.39%

10-year low 10-year high

P/B against its own 10 years 97.09%

10-year low 10-year high

Dividends

Payout Ratio 0.14

Annual Dividend Rate 0.76

Annual Dividend Yield 1.35%

	total	individual payouts
2027	Powerpack
2026	0.80	0.20 0.20 0.20
2025	0.64	0.16 0.16 0.16 0.16
2024	0.64	0.16 0.16 0.16 0.16
2023	0.64	0.16 0.16 0.16 0.16
2022	0.63	0.15 0.16 0.16 0.16
2021	0.60	0.15 0.15 0.15 0.15
2020	1.14	0.33 0.33 0.33 0.15
2019	1.30	0.31 0.33 0.33 0.33
2018	1.21	0.28 0.31 3.00 0.31 0.31
2017	1.09	0.25 0.28 0.28 0.28
2016	0.97	0.22 0.25 0.25 0.25

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	102	201	156	139
Receivables	710	696	737	836
Inventory	—	—	—	—
Other	—	—	—	—
	812	897	893	975

	2023	2024	2025	Q'26
Payables	2,188	2,418	2,585	2,740
ST’ Debt	—	—	—	—
Other	—	—	—	—
	2,360	2,590	2,753	2,889

Compound Annual Growth %

	10y	5y	3y
Sales	4.42%	5.34%	12.25%
Cash Flow	3.57%	45.45%	0.00%
Earnings	2.86%	0.00%	98.85%
Book Value	0.69%	2.67%	8.34%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	369	384	—	—	—
’25	331	335	354	366	1,386
’24	296	301	323	333	1,253
’23	267	267	274	287	1,095
’22	245	220	236	280	980
’21	301	244	249	273	1,066
’20	178	298	282	311	1,069

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	57	34	—	—	—
’25	36	53	61	120	270
’24	36	91	57	156	340
’23	(7)	45	112	22	172
’22	2	(17)	(14)	29	(1)
’21	20	15	(17)	12	30
’20	(2)	7	(17)	54	41

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	56	34	—	—	—
’25	33	52	59	119	263
’24	34	88	53	153	328
’23	(9)	42	109	19	161
’22	(1)	(14)	(17)	29	(3)
’21	16	12	(20)	9	16
’20	(10)	2	(21)	51	23

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	1.15	1.29	—	—	—
’25	0.67	0.87	1.49	1.45	4.48
’24	0.52	(0.11)	0.76	1.21	2.39
’23	0.03	(2.23)	0.25	0.77	(1.18)
’22	1.12	(0.42)	(0.91)	0.79	0.59
’21	0.74	0.54	(0.38)	2.28	3.16
’20	(2.90)	0.24	(1.49)	(0.36)	(4.50)

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	35.16	38.98	38.95	40.86	18.83	19.85	22.96	18.41	18.04	24.11	Analyst estimates 2026–2028 Powerpack
	High	50.75	49.93	61.56	56.21	47.52	36.40	37.26	32.54	31.70	37.91
People
People	Employees	1,112	1,180	1,183	1,185	1,165	1,086	1,091	852	877	846
	Revenue/emp, $m	0.90	0.89	0.90	1.01	0.92	0.98	0.90	1.29	1.43	1.64
Income, $m
Income, $m	Revenue	996	1,053	1,070	1,201	1,069	1,066	980	1,095	1,253	1,386
	Gross margin, %	26.13	21.22	18.42	19.45	5.22	28.16	22.97	19.04	29.18	34.23
	EBT	57	16	(9)	17	(170)	97	12	(40)	77	148
	EBT margin, %	5.77	1.49	(0.86)	1.41	(15.86)	9.08	1.23	(3.63)	6.15	10.67
	Net income	50	51	28	15	(113)	81	15	(30)	62	118
	Depreciation	6	5	5	11	7	7	8	11	11	11
Per share, $
Per share, $	Revenue	39.33	41.94	42.80	47.78	42.70	42.49	38.96	43.39	49.50	54.43
	Earnings	1.93	1.99	1.08	0.58	(4.50)	3.16	0.59	(1.18)	2.39	4.48
	Cash flow	8.46	6.78	4.40	3.73	1.66	1.19	(0.05)	6.80	13.44	10.59
	Capex	(0.30)	(0.68)	(1.32)	(1.29)	(0.75)	(0.56)	(0.08)	(0.43)	(0.47)	(0.25)
	Free cash flow	8.16	6.09	3.08	2.44	0.90	0.64	(0.13)	6.37	12.97	10.34
	Book value	37.18	38.77	35.53	36.22	32.97	35.04	29.42	29.06	30.87	36.95
	Shares, m	25	25	25	25	25	25	25	25	25	25
Valuation, ×
Valuation, ×	P/E	25.41	22.89	52.01	79.51	0.00	7.29	47.55	0.00	11.95	8.11
	P/S	1.25	1.08	1.30	0.92	0.59	0.55	0.71	0.47	0.57	0.67
	P/B	1.33	1.17	1.56	1.21	0.76	0.66	0.94	0.70	0.92	0.98
	EV/Sales	1.16	0.99	1.24	0.82	0.55	0.47	0.66	0.42	0.51	0.66
	EV/FCF	5.61	6.81	17.16	16.09	26.15	31.35	(191.05)	2.88	1.94	3.48
Cash, $m
Cash, $m	Operating cash flow	214	170	110	94	41	30	(1)	172	340	270
	Capex	(8)	(17)	(33)	(32)	(19)	(14)	(2)	(11)	(12)	(6)
	Free cash flow	207	153	77	61	23	16	(3)	161	328	263
Balance, $m
Balance, $m	Working capital	(1,242)	(1,364)	(1,441)	(1,513)	(1,538)	(1,448)	(1,427)	(1,549)	(1,693)	(1,860)
	Total debt	—	—	—	8	50	50	50	50	117	146
	Net debt	(89)	(96)	(64)	(113)	(38)	(82)	(47)	(52)	(84)	(10)
	Shareholders’ equity	942	973	888	910	825	879	740	734	782	941
Returns, %
Returns, %	ROA	1.26	1.24	0.79	0.51	(3.71)	2.65	0.51	(0.99)	1.87	3.23
	ROIC	4.21	1.11	(0.69)	1.32	(13.46)	7.59	1.09	(3.34)	7.55	10.69
	ROE	5.48	5.33	2.97	1.65	(12.99)	9.46	1.86	(4.03)	8.18	13.72

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
KMPR Kemper Corporation	$1.7B	— (loss-making)	14.6×	−10.84% (below 0%: shrinking)	n/m	−76.71% (below 0%: shrinking)	0.17%	(41.92%)	Compare
STC Stewart Information Services Corporation	$1.6B	11.5×	12.3×	+24.52% (above 0%: growing)	+7.08% (above 0%: growing)	−12.37% (below 0%: shrinking)	64.98%	9.41%	Compare
SAFT Safety Insurance Group, Inc.	$1.5B	22.4×	— (loss-making)	+2.95% (above 0%: growing)	+21.03% (above 0%: growing)	+16.88% (above 0%: growing)	14.33%	13.69%	Compare
UFCS United Fire Group, Inc	$1.4B	10.5×	10.8×	+14.38% (above 0%: growing)	+48.28% (above 0%: growing)	−34.70% (below 0%: shrinking)	33.66%	11.76%
UVE UNIVERSAL INSURANCE HOLDINGS INC	$1.3B	6.0×	8.1×	+6.72% (above 0%: growing)	+71.20% (above 0%: growing)	−4.81% (below 0%: shrinking)	26.79%	19.11%	Compare
ASIC Ategrity Specialty Insurance Company Holdings	$1.3B	12.3×	10.2×	+45.89% (above 0%: growing)	+75.00% (above 0%: growing)	+47.83% (above 0%: growing)	31.87%	31.28%	Compare
TRUP Trupanion, Inc.	$1.2B	52.1×	40.6×	+11.14% (above 0%: growing)	−27.27% (below 0%: shrinking)	+59.01% (above 0%: growing)	16.58%	1.62%	Compare
BOW Bowhead Specialty Holdings Inc.	$1.1B	18.5×	12.9×	+22.96% (above 0%: growing)	+33.33% (above 0%: growing)	−13.86% (below 0%: shrinking)	29.19%	13.09%	Compare
HRTG Heritage Insurance Holdings, Inc.	$1.1B	5.1×	5.1×	+2.96% (above 0%: growing)	+32.90% (above 0%: growing)	+237.57% (above 0%: growing)	50.25%	39.15%	Compare
Median of peers	$1.3B	12.3×	12.3×	+8.93%	+32.90%	+6.04%	27.99%	13.39%

All 45 Insurance Property & Casualty stocks →

United Fire Group, Inc (UFCS) key facts

Strength: United Fire Group, Inc’s revenue for fiscal 2025 (year ended December 2025) was $1.4 billion, up 10.6% from fiscal 2024.
United Fire Group, Inc (UFCS) is an Insurance Property & Casualty company in the Financial sector, listed on Nasdaq.
As of October 16, 2026, UFCS traded at $56.31, a market capitalization of $1.4 billion.
United Fire Group, Inc pays an annual dividend of $0.76 per share, a yield of 1.35%, with a payout ratio of 14.1%.
Return on equity was 13.7% and debt-to-equity 0.15.
Its Piotroski F-score is 6 out of 9 for fiscal 2025.