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United Fire Group, Inc., together with its subsidiaries, engages in writing property and casualty insurance in the United States. It provides property and casualty insurance, and surety bonds; and fire and allied lines, other liability, automobile, workers' compensation, and surety to small business owners and middle market businesses operating in industries, such as construction, services, retail trade, financial, and manufacturing. The company also offers marine specialty, professional liability, and earthquake coverages; specialty and surplus lines coverage; and reinsurance coverage for property and casualty insurance. It sells its products through a network of independent agencies. United Fire Group, Inc. was incorporated in 1946 and is headquartered in Cedar Rapids, Iowa.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $1.4B | - | $118M | $263M | 12.6% | 10.9% | 90.8% |
| 2024 | $1.3B | - | $62M | $328M | 7.9% | 14.0% | -308.6% |
| 2023 | $1.1B | - | $-30M | $161M | -4.0% | 11.1% | -297.6% |
| 2022 | $988M | - | $15M | $-3M | 2.0% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 988.22 | 1,098.33 | 1,251.86 | 1,387.89 |
| EBIT | - | 15.26 | -36.46 | 84.32 | 159.20 |
| Pretax Income | - | 12.08 | -39.72 | 77.03 | 147.94 |
| Tax Provision | - | -2.95 | -10.02 | 15.08 | 29.74 |
| Net Income | - | 15.03 | -29.70 | 61.96 | 118.19 |
| Net Income Common Stockholders | - | 15.03 | -29.70 | 61.96 | 118.19 |
| Total Expenses | - | 976.14 | 1,138.05 | 1,174.83 | 1,239.96 |
| Interest Expense | - | 3.19 | 3.26 | 7.28 | 11.27 |
| Interest Income | - | 61.60 | 67.81 | 86.48 | 106.68 |
| Normalized Income | - | 15.03 | -29.70 | 61.96 | 118.19 |
| Market Cap | 1,028.41 | 1,028.41 | 1,028.41 | 1,028.41 | 1,028.41 |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| United Fire Group, Inc.this co. | UFCS | - | 8.70↓ discount | 1.09 | 12.6% | - |
| Silvercrest Asset Management Group Inc. | SAMG | $107M | 23.59 | 2.04 | 5.8% | 9.86 |
| Sound Financial Bancorp, Inc. | SFBC | $98M | 14.04 | 0.96 | 6.5% | - |
| Kestrel Group Ltd | KG | $89M | 1.12 | 0.58 | 36.4% | - |
| Vroom, Inc. | VRM | $80M |
| - |
| - |
| - |
| - |
| - |
| - |
| 0.69 |
| -45.5% |
| 57.65 |
| Siebert Financial Corp. | SIEB | $72M | 13.46 | 0.79 | 5.7% | - |
| eHealth, Inc. | EHTH | $62M | - | 0.10 | 6.8% | 7.11 |
| MarketWise, Inc. | MKTW | $47M | 7.64 | -3.69 | -2.6% | -3.48 |
| GoHealth, Inc. | GOCO | $31M | - | 0.45 | 4834.1% | -7.69 |
| Peer Median | - | 13.46 | 0.63 | 6.1% | 7.11 | |