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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%
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%) (below 0%: weak)
Next Y revenue growth 15.26% (at or above 10%: strong)
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.

Target Price Range

Analyst price targets

Recommendation Rating

1.7
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
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

United Fire Group, Inc vs peers in Insurance Property & Casualty (Q) = latest quarter vs a year earlier

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.

Source: company filings (standardised) and stockrow calculations.

United Fire Group, Inc (UFCS) Latest News

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stockrow.com/UFCS · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com