United Fire Group (UFCS) Financials

$28.39 -0.09 (-0.32%)

Closing price 04:00 PM Eastern

Extended Trading

$28.40 +0.00 (+0.02%)

As of 05:50 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	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Net Income / (Loss) Attributable to Common Shareholders	62	-30	15
Consolidated Net Income / (Loss)	62	-30	15
Net Income / (Loss) Continuing Operations	62	-30	15
Total Pre-Tax Income	77	-40	12
Total Operating Income	90	-38	31
Total Gross Profit	1,257	1,092	997
Total Revenue	1,259	1,094	996
Operating Revenue	1,259	1,094	996
Total Cost of Revenue	2.11	1.72	-0.52
Operating Cost of Revenue	2.11	1.72	-0.52
Total Operating Expenses	1,167	1,130	966
Amortization Expense	281	245	213
Other Operating Expenses / (Income)	886	885	752
Total Other Income / (Expense), net	-13	-1.99	-19
Interest Expense	7.28	3.26	3.19
Other Income / (Expense), net	-5.43	1.27	-16
Income Tax Expense	15	-10	-2.95
Basic Earnings per Share	$2.45	($1.18)	$0.60
Weighted Average Basic Shares Outstanding	25.32M	25.25M	25.16M
Diluted Earnings per Share	$2.39	($1.18)	$0.59
Weighted Average Diluted Shares Outstanding	25.92M	25.25M	25.32M
Weighted Average Basic & Diluted Shares Outstanding	25.38M	25.28M	25.22M
Cash Dividends to Common per Share	$0.64	$0.64	$0.63

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	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q1 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022	3/31/2022
Net Income / (Loss) Attributable to Common Shareholders	31	21	-2.70	14	20	6.38	-56	0.69	20	-23	-
Consolidated Net Income / (Loss)	31	20	-2.74	14	20	6.38	-56	0.69	20	-23	-
Net Income / (Loss) Continuing Operations	31	20	-2.74	14	20	6.38	-56	0.69	20	-23	-
Total Pre-Tax Income	40	25	-3.77	16	24	8.38	-72	-0.00	23	-31	-
Total Operating Income	45	29	-1.08	18	23	11	-73	0.80	39	-30	-
Total Gross Profit	515	324	302	296	460	276	266	91	458	53	-
Total Revenue	336	325	302	297	285	276	266	267	275	236	-
Operating Revenue	336	325	302	297	285	276	266	267	275	236	-
Total Cost of Revenue	-179	0.48	0.15	1.06	-174	0.18	-0.20	176	-183	182	-
Operating Cost of Revenue	-179	0.48	0.15	1.06	-174	0.18	-0.20	176	-	182	-
Total Operating Expenses	470	295	303	278	437	265	339	90	418	84	-
Amortization Expense	77	71	67	66	63	63	59	60	57	53	-
Other Operating Expenses / (Income)	394	224	236	212	373	202	280	30	383	30	-
Total Other Income / (Expense), net	-5.00	-4.16	-2.69	-2.06	1.24	-2.76	0.33	-0.80	-17	-0.80	-
Interest Expense	2.48	2.48	1.46	0.86	0.87	0.80	0.80	0.80	0.80	0.80	-
Income Tax Expense	8.10	5.23	-1.04	2.78	4.52	2.00	-16	-0.70	2.52	-8.25	-
Weighted Average Basic Shares Outstanding	25.32M	25.34M	25.34M	25.27M	25.25M	25.27M	25.26M	25.24M	25.16M	25.20M	-
Weighted Average Diluted Shares Outstanding	25.92M	25.91M	25.31M	25.83M	25.25M	25.58M	25.25M	25.50M	25.32M	25.19M	-
Weighted Average Basic & Diluted Shares Outstanding	25.38M	25.34M	25.34M	25.30M	25.28M	25.27M	25.26M	25.24M	25.22M	25.20M	-

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	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Net Change in Cash & Equivalents	99	5.40	-35
Net Cash From Operating Activities	340	172	-1.25
Net Cash From Continuing Operating Activities	340	172	-1.25
Net Income / (Loss) Continuing Operations	62	-30	15
Consolidated Net Income / (Loss)	62	-30	15
Depreciation Expense	11	11	7.67
Amortization Expense	4.53	7.09	9.00
Non-Cash Adjustments To Reconcile Net Income	287	165	-29
Changes in Operating Assets and Liabilities, net	-24	19	-3.64
Net Cash From Investing Activities	-292	-150	-19
Net Cash From Continuing Investing Activities	-292	-150	-19
Purchase of Property, Plant & Equipment	-12	-11	-2.14
Purchase of Investments	-961	-293	-297
Sale and/or Maturity of Investments	680	162	280
Other Investing Activities, net	0.00	-8.14	-0.10
Net Cash From Financing Activities	51	-16	-15
Net Cash From Continuing Financing Activities	51	-16	-15
Repayment of Debt	-3.05	0.00	0.00
Payment of Dividends	-16	-16	-16
Issuance of Debt	70	0.00	0.00
Issuance of Common Equity	0.35	-0.29	0.83
Cash Interest Paid	7.17	3.26	3.19
Cash Income Taxes Paid	16	1.35	22

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	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q1 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022	3/31/2022
Net Change in Cash & Equivalents	3.58	44	-64	116	33	-11	26	-43	44	-39	-
Net Cash From Operating Activities	156	56	91	36	22	112	45	-6.79	29	-14	-
Net Cash From Continuing Operating Activities	156	56	91	36	22	112	45	-6.79	29	-14	-
Net Income / (Loss) Continuing Operations	31	20	-2.74	14	20	6.38	-56	0.69	20	-23	-
Consolidated Net Income / (Loss)	31	20	-2.74	14	20	6.38	-56	0.69	20	-23	-
Depreciation Expense	2.59	2.50	3.15	2.67	2.67	2.66	2.54	2.65	-0.41	4.67	-
Amortization Expense	0.61	0.86	1.40	1.67	1.85	1.75	1.69	1.80	2.03	1.87	-
Non-Cash Adjustments To Reconcile Net Income	151	19	36	81	-19	85	94	5.37	-5.78	6.63	-
Changes in Operating Assets and Liabilities, net	-29	14	54	-63	17	16	3.12	-17	13	-4.10	-
Net Cash From Investing Activities	-149	-8.47	-218	84	15	-118	-14	-33	19	-21	-
Net Cash From Continuing Investing Activities	-149	-8.47	-218	84	15	-118	-14	-33	19	-21	-
Purchase of Property, Plant & Equipment	-2.94	-3.09	-3.24	-2.60	-2.85	-2.42	-3.00	-2.62	0.54	-3.37	-
Purchase of Investments	-285	-239	-395	-41	-46	-140	-46	-61	-30	-78	-
Sale and/or Maturity of Investments	139	234	179	128	63	25	43	31	48	61	-
Net Cash From Financing Activities	-3.36	-4.05	63	-4.30	-4.11	-4.05	-4.16	-4.13	-4.05	-4.21	-
Net Cash From Continuing Financing Activities	-3.36	-4.05	63	-4.30	-4.11	-4.05	-4.16	-4.13	-4.05	-4.21	-
Payment of Dividends	-4.06	-4.06	-4.05	-4.05	-4.04	-4.04	-4.04	-4.04	-4.03	-4.03	-
Issuance of Debt	2.99	0.05	-	-	-	-	-	-	-	-	-
Issuance of Common Equity	0.76	-0.04	-0.11	-0.26	-0.07	-0.01	-0.12	-0.10	-0.02	-0.18	-
Cash Interest Paid	2.37	2.48	1.46	0.86	0.87	0.80	0.80	0.80	0.80	0.80	-
Cash Income Taxes Paid	5.40	1.10	9.60	0.01	0.01	0.01	1.31	0.01	0.01	0.01	-

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	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Total Assets	3,488	3,144	2,882
Total Current Assets	231	140	143
Cash & Equivalents	201	102	97
Short-Term Investments	16	16	15
Current Deferred & Refundable Income Taxes	14	21	31
Plant, Property, & Equipment, net	136	134	133
Total Noncurrent Assets	3,121	2,870	2,606
Long-Term Investments	2,093	1,886	1,807
Noncurrent Note & Lease Receivables	451	465	404
Intangible Assets	3.91	-	-
Noncurrent Deferred & Refundable Income Taxes	23	14	16
Other Noncurrent Operating Assets	551	501	375
Total Liabilities & Shareholders' Equity	3,488	3,144	2,882
Total Liabilities	2,707	2,410	2,142
Total Current Liabilities	1,797	1,639	1,497
Other Current Liabilities	1,797	1,639	1,497
Total Noncurrent Liabilities	910	772	645
Long-Term Debt	117	50	50
Other Noncurrent Operating Liabilities	793	722	595
Total Equity & Noncontrolling Interests	782	734	740
Total Preferred & Common Equity	782	734	740
Total Common Equity	782	734	740
Common Stock	216	210	207
Retained Earnings	620	575	621
Accumulated Other Comprehensive Income / (Loss)	-55	-51	-87

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 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022	Q1 2022	Q3 2021	Q2 2021	Q1 2021
Period end date	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022	3/31/2022	9/30/2021	6/30/2021	3/31/2021
Total Assets	3,546	3,409	3,245	3,052	3,018	2,898	2,819	2,930	3,011	3,058	3,065
Total Current Assets	230	173	229	106	123	243	93	459	202	181	138
Cash & Equivalents	197	153	218	69	80	53	53	110	133	119	72
Short-Term Investments	16	0.10	0.10	-	-	159	-	0.28	-	-	-
Current Deferred & Refundable Income Taxes	17	20	12	36	43	30	40	15	69	62	66
Plant, Property, & Equipment, net	135	135	134	134	134	133	133	139	136	135	132
Total Noncurrent Assets	3,181	3,101	2,881	2,812	2,761	2,523	2,593	2,332	2,673	4,897	2,795
Long-Term Investments	1,995	1,895	1,688	1,784	1,790	1,682	1,777	1,930	2,009	2,060	2,089
Noncurrent Note & Lease Receivables	609	285	281	257	241	200	203	182	169	220	211
Intangible Assets	4.08	4.26	4.44	4.79	4.97	5.15	5.50	5.86	6.21	6.39	6.57
Noncurrent Deferred & Refundable Income Taxes	14	27	23	37	22	14	26	-	-	-	-
Other Noncurrent Operating Assets	558	890	884	730	703	621	582	214	489	2,612	489
Total Liabilities & Shareholders' Equity	3,546	3,409	3,245	3,052	3,018	2,898	2,819	2,930	3,011	3,058	3,065
Total Liabilities	2,760	2,682	2,508	2,407	2,342	2,147	2,118	2,094	2,196	2,219	2,241
Total Current Liabilities	1,795	1,756	1,691	1,637	1,615	1,499	1,465	1,488	0.00	0.00	0.00
Other Current Liabilities	1,795	1,756	1,691	1,637	1,615	1,499	1,465	1,488	-	-	-
Total Noncurrent Liabilities	965	926	817	770	727	647	654	606	2,196	2,219	2,241
Long-Term Debt	117	117	50	50	50	50	50	50	50	50	50
Other Noncurrent Operating Liabilities	848	809	767	720	677	597	604	549	2,128	2,144	2,167
Total Equity & Noncontrolling Interests	786	727	737	645	676	752	701	836	815	839	824
Total Preferred & Common Equity	786	727	737	645	676	752	701	836	815	839	824
Total Common Equity	786	727	737	645	676	752	701	836	815	839	824
Common Stock	213	212	211	210	209	208	207	204	203	203	203
Retained Earnings	593	577	584	559	557	617	604	646	567	581	571
Accumulated Other Comprehensive Income / (Loss)	-21	-63	-58	-124	-89	-73	-111	-14	44	56	50

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

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Growth Metrics	-	-	-
Revenue Growth	15.04%	9.84%	-6.57%
EBITDA Growth	628.87%	-159.06%	-73.53%
EBIT Growth	331.25%	-338.85%	-84.81%
NOPAT Growth	373.26%	-168.12%	-53.64%
Net Income Growth	308.61%	-297.59%	-81.35%
EPS Growth	302.54%	-300.00%	0.00%
Operating Cash Flow Growth	98.16%	13,827.90%	-104.18%
Free Cash Flow Firm Growth	296.19%	198.75%	-2,217.41%
Invested Capital Growth	-15.61%	-8.22%	8.58%
Revenue Q/Q Growth	4.07%	2.48%	-2.55%
EBITDA Q/Q Growth	15.83%	16.12%	-62.50%
EBIT Q/Q Growth	21.56%	1.95%	-76.65%
NOPAT Q/Q Growth	27.93%	-1.47%	-30.46%
Net Income Q/Q Growth	23.61%	-1.75%	-71.45%
EPS Q/Q Growth	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	65.05%	-3.55%	93.07%
Free Cash Flow Firm Q/Q Growth	28.33%	25.66%	52.82%
Invested Capital Q/Q Growth	-8.05%	-5.44%	-4.54%
Profitability Metrics	-	-	-
Gross Margin	99.83%	99.84%	100.05%
EBITDA Margin	7.92%	-1.72%	3.21%
Operating Margin	7.13%	-3.45%	3.13%
EBIT Margin	6.70%	-3.33%	1.53%
Profit (Net Income) Margin	4.92%	-2.71%	1.51%
Tax Burden Percent	80.43%	74.77%	124.46%
Interest Burden Percent	91.36%	108.94%	79.12%
Effective Tax Rate	19.57%	0.00%	-24.46%
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)	8.18%	-4.03%	1.86%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	0.00%
Operating Return on Assets (OROA)	2.54%	-1.21%	0.52%
Return on Assets (ROA)	1.87%	-0.99%	0.51%
Return on Common Equity (ROCE)	8.18%	-4.03%	1.86%
Return on Equity Simple (ROE_SIMPLE)	7.93%	-4.05%	2.03%
Net Operating Profit after Tax (NOPAT)	72	-26	39
NOPAT Margin	5.73%	-2.41%	3.89%
Net Nonoperating Expense Percent (NNEP)	-0.49%	-0.17%	-1.19%
Return On Investment Capital (ROIC_SIMPLE)	8.03%	-3.37%	4.91%
Cost of Revenue to Revenue	0.17%	0.16%	-0.05%
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	92.70%	103.29%	96.92%
Earnings before Interest and Taxes (EBIT)	84	-36	15
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	100	-19	32
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	0.92	0.67	0.88
Price to Tangible Book Value (P/TBV)	0.93	0.68	0.89
Price to Revenue (P/Rev)	0.57	0.45	0.65
Price to Earnings (P/E)	11.64	0.00	43.35
Dividend Yield	2.25%	3.27%	2.44%
Earnings Yield	8.59%	0.00%	2.31%
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	0.15	0.07	0.07
Long-Term Debt to Equity	0.15	0.07	0.07
Financial Leverage	-2.74	-2.59	-2.46
Leverage Ratio	4.38	4.09	3.64
Compound Leverage Factor	4.00	4.45	2.88
Debt to Total Capital	13.03%	6.38%	6.33%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	13.03%	6.38%	6.33%
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	86.97%	93.62%	93.67%
Debt to EBITDA	1.17	-2.65	1.57
Net Debt to EBITDA	-21.98	103.63	-58.50
Long-Term Debt to EBITDA	1.17	-2.65	1.57
Debt to NOPAT	1.62	-1.89	1.29
Net Debt to NOPAT	-30.38	73.99	-48.17
Long-Term Debt to NOPAT	1.62	-1.89	1.29
Altman Z-Score	0.31	0.12	0.28
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-
Current Ratio	0.13	0.09	0.10
Quick Ratio	0.12	0.07	0.07
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	263	66	-67
Operating Cash Flow to CapEx	2,866.93%	1,577.59%	-58.54%
Free Cash Flow to Firm to Interest Expense	36.08	20.34	-21.06
Operating Cash Flow to Interest Expense	46.74	52.68	-0.39
Operating Cash Flow Less CapEx to Interest Expense	45.11	49.34	-1.06
Efficiency Ratios	-	-	-
Asset Turnover	0.38	0.36	0.34
Accounts Receivable Turnover	0.00	0.00	0.00
Inventory Turnover	0.00	0.00	0.00
Fixed Asset Turnover	9.31	8.19	7.36
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	-1,411	-1,221	-1,128
Invested Capital Turnover	-0.96	-0.93	-0.84
Increase / (Decrease) in Invested Capital	-191	-93	106
Enterprise Value (EV)	-1,472	-1,460	-1,216
Market Capitalization	721	495	652
Book Value per Share	$30.84	$29.04	$29.37
Tangible Book Value per Share	$30.69	$28.86	$29.16
Total Capital	899	784	790
Total Debt	117	50	50
Total Long-Term Debt	117	50	50
Net Debt	-2,193	-1,954	-1,868
Capital Expenditures (CapEx)	12	11	2.14
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-1,783	-1,617	-1,466
Debt-free Net Working Capital (DFNWC)	-1,566	-1,499	-1,354
Net Working Capital (NWC)	-1,566	-1,499	-1,354
Net Nonoperating Expense (NNE)	10	3.29	24
Net Nonoperating Obligations (NNO)	-2,193	-1,954	-1,868
Total Depreciation and Amortization (D&A)	15	18	17
Debt-free, Cash-free Net Working Capital to Revenue	-141.62%	-147.81%	-147.15%
Debt-free Net Working Capital to Revenue	-124.39%	-137.02%	-135.96%
Net Working Capital to Revenue	-124.39%	-137.02%	-135.96%
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	$2.45	$0.00	$0.00
Adjusted Weighted Average Basic Shares Outstanding	25.32M	25.28M	25.22M
Adjusted Diluted Earnings per Share	$2.39	$0.00	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	25.92M	25.28M	25.22M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	25.38M	25.28M	25.22M
Normalized Net Operating Profit after Tax (NOPAT)	72	-26	22
Normalized NOPAT Margin	5.73%	-2.41%	2.19%
Pre Tax Income Margin	6.12%	-3.63%	1.21%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	11.58	-11.18	4.79
NOPAT to Interest Expense	9.91	-8.10	12.16
EBIT Less CapEx to Interest Expense	9.95	-14.52	4.12
NOPAT Less CapEx to Interest Expense	8.28	-11.44	11.49
Payout Ratios	-	-	-
Dividend Payout Ratio	26.17%	-54.42%	105.52%
Augmented Payout Ratio	26.17%	-54.42%	105.52%

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

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q1 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022	3/31/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	17.70%	17.66%	13.70%	10.82%	3.84%	17.13%	10.60%	8.81%	-8.67%	-6.08%	-
EBITDA Growth	74.18%	126.91%	103.32%	310.00%	-33.07%	156.83%	-620.57%	-86.93%	-47.70%	-178.67%	-
EBIT Growth	94.61%	199.31%	96.77%	2,053.64%	-41.80%	130.14%	-438.53%	-97.76%	-46.53%	-123.27%	-
NOPAT Growth	90.42%	171.68%	98.51%	2,451.01%	-46.78%	139.81%	-447.00%	-98.08%	-40.51%	-123.27%	-
Net Income Growth	60.35%	209.53%	95.15%	1,845.53%	-2.54%	127.76%	-439.18%	-97.55%	-65.15%	-139.56%	-
EPS Growth	0.00%	204.00%	95.07%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-
Operating Cash Flow Growth	603.35%	-49.43%	104.55%	632.88%	-22.11%	902.08%	355.60%	-525.45%	143.35%	16.36%	-
Free Cash Flow Firm Growth	102.96%	96.29%	675.80%	167.17%	256.84%	139.78%	-100.54%	42.08%	-226.77%	-3,870.67%	-
Invested Capital Growth	-15.61%	-12.81%	-5.36%	-2.39%	-8.22%	-7.30%	-3.65%	5.25%	8.58%	15.51%	-
Revenue Q/Q Growth	3.40%	7.36%	2.16%	2.62%	3.37%	3.74%	-0.43%	3.22%	16.59%	-2.04%	-
EBITDA Q/Q Growth	54.95%	1,279.23%	-89.60%	-29.91%	101.86%	120.21%	-1,382.69%	-79.09%	271.38%	-156.23%	-
EBIT Q/Q Growth	62.25%	1,288.57%	-113.47%	-34.38%	149.54%	112.84%	-9,073.62%	-96.60%	229.24%	-129.43%	-
NOPAT Q/Q Growth	53.74%	3,144.55%	-105.32%	-33.04%	119.33%	116.70%	-9,214.82%	-97.32%	264.07%	-129.43%	-
Net Income Q/Q Growth	59.22%	822.05%	-120.26%	-31.14%	207.34%	111.32%	-8,224.21%	-96.55%	187.55%	-119.77%	-
EPS Q/Q Growth	0.00%	790.91%	0.00%	0.00%	0.00%	111.21%	0.00%	0.00%	0.00%	0.00%	-
Operating Cash Flow Q/Q Growth	176.94%	-38.18%	152.57%	62.67%	-80.09%	150.04%	757.97%	-123.78%	305.06%	20.32%	-
Free Cash Flow Firm Q/Q Growth	31.88%	183.21%	49.95%	-23.37%	27.55%	930.76%	82.51%	29.42%	67.65%	-111.20%	-
Invested Capital Q/Q Growth	-8.05%	-8.43%	-7.60%	3.45%	-5.44%	-1.27%	-4.57%	3.08%	-4.54%	2.18%	-
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	153.39%	99.85%	99.95%	38.95%	161.16%	99.94%	100.07%	34.04%	166.60%	22.57%	-
EBITDA Margin	14.22%	9.49%	0.74%	7.26%	9.61%	4.92%	-25.27%	1.96%	14.91%	-10.14%	-
Operating Margin	13.27%	8.97%	-0.36%	5.79%	8.03%	4.03%	-27.28%	0.30%	14.32%	-12.92%	-
EBIT Margin	13.27%	8.46%	-0.76%	5.79%	8.03%	3.32%	-26.86%	0.30%	14.32%	-12.92%	-
Profit (Net Income) Margin	9.37%	6.08%	-0.90%	4.56%	6.88%	2.31%	-21.20%	0.26%	7.33%	-9.76%	-
Tax Burden Percent	79.51%	79.07%	72.55%	82.92%	81.26%	76.17%	78.06%	-69,400.00%	88.87%	73.59%	-
Interest Burden Percent	88.77%	90.96%	163.20%	94.99%	105.42%	91.31%	101.12%	-0.13%	57.57%	102.62%	-
Effective Tax Rate	20.49%	20.93%	0.00%	17.08%	18.74%	23.83%	0.00%	0.00%	11.13%	0.00%	-
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)	8.18%	7.01%	5.24%	-2.27%	-4.03%	-4.34%	-8.04%	-1.59%	1.86%	6.95%	-
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)	5.04%	3.10%	-0.28%	2.12%	2.91%	1.21%	-9.35%	0.10%	4.84%	-4.53%	-
Return on Assets (ROA)	3.56%	2.23%	-0.33%	1.67%	2.50%	0.84%	-7.38%	0.09%	2.48%	-3.42%	-
Return on Common Equity (ROCE)	8.18%	7.01%	5.24%	-2.27%	-4.03%	-4.34%	-8.04%	-1.59%	1.86%	6.95%	-
Return on Equity Simple (ROE_SIMPLE)	0.00%	6.38%	5.06%	-2.29%	0.00%	-4.53%	-8.66%	-1.68%	0.00%	7.51%	-
Net Operating Profit after Tax (NOPAT)	35	23	-0.76	14	19	8.48	-51	0.56	35	-21	-
NOPAT Margin	10.55%	7.10%	-0.25%	4.80%	6.52%	3.07%	-19.10%	0.21%	12.73%	-9.04%	-
Net Nonoperating Expense Percent (NNEP)	-0.19%	-0.17%	-0.11%	-0.04%	0.05%	-0.12%	-0.30%	0.01%	-0.75%	-0.09%	-
Return On Investment Capital (ROIC_SIMPLE)	3.94%	-	-	-	2.37%	-	-	-	4.42%	-	-
Cost of Revenue to Revenue	-53.39%	0.15%	0.05%	61.05%	-61.16%	0.06%	-0.07%	65.96%	-66.60%	77.43%	-
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	140.12%	90.88%	100.31%	33.16%	153.13%	95.90%	127.35%	33.75%	152.29%	35.49%	-
Earnings before Interest and Taxes (EBIT)	45	27	-2.31	17	23	9.17	-71	0.80	39	-30	-
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	48	31	2.23	21	27	14	-67	5.24	41	-24	-
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.92	0.67	0.75	0.74	0.67	0.75	0.82	0.86	0.88	0.98	-
Price to Tangible Book Value (P/TBV)	0.93	0.68	0.75	0.75	0.68	0.76	0.83	0.86	0.89	0.99	-
Price to Revenue (P/Rev)	0.57	0.44	0.47	0.49	0.45	0.45	0.54	0.64	0.65	0.67	-
Price to Earnings (P/E)	11.64	10.40	14.78	0.00	0.00	0.00	0.00	0.00	43.35	13.10	-
Dividend Yield	2.25%	3.06%	2.98%	2.96%	3.27%	3.34%	2.91%	2.50%	2.44%	2.27%	-
Earnings Yield	8.59%	9.62%	6.77%	0.00%	0.00%	0.00%	0.00%	0.00%	2.31%	7.64%	-
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	0.15	0.15	0.16	0.07	0.07	0.08	0.07	0.07	0.07	0.07	-
Long-Term Debt to Equity	0.15	0.15	0.16	0.07	0.07	0.08	0.07	0.07	0.07	0.07	-
Financial Leverage	-2.74	-2.72	-2.67	-2.49	-2.59	-2.66	-2.54	-2.42	-2.46	-2.55	-
Leverage Ratio	4.38	4.61	4.58	4.13	4.09	4.36	4.05	3.67	3.64	3.85	-
Compound Leverage Factor	3.89	4.19	7.48	3.92	4.31	3.98	4.10	0.00	2.10	3.95	-
Debt to Total Capital	13.03%	12.96%	13.87%	6.36%	6.38%	7.19%	6.88%	6.24%	6.33%	6.66%	-
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	13.03%	12.96%	13.87%	6.36%	6.38%	7.19%	6.88%	6.24%	6.33%	6.66%	-
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	86.97%	87.04%	86.13%	93.64%	93.62%	92.81%	93.12%	93.76%	93.67%	93.34%	-
Debt to EBITDA	1.17	1.36	1.69	-19.08	-2.65	-2.22	-0.81	-17.11	1.57	0.59	-
Net Debt to EBITDA	-21.98	-24.29	-27.92	708.46	103.63	80.17	29.39	631.22	-58.50	-20.90	-
Long-Term Debt to EBITDA	1.17	1.36	1.69	-19.08	-2.65	-2.22	-0.81	-17.11	1.57	0.59	-
Debt to NOPAT	1.62	2.07	2.79	-3.55	-1.89	-1.92	-0.91	-3.67	1.29	0.90	-
Net Debt to NOPAT	-30.38	-37.08	-46.06	131.83	73.99	69.25	33.01	135.43	-48.17	-31.92	-
Long-Term Debt to NOPAT	1.62	2.07	2.79	-3.55	-1.89	-1.92	-0.91	-3.67	1.29	0.90	-
Altman Z-Score	0.27	0.19	0.14	0.21	0.18	0.13	0.07	0.30	0.31	0.24	-
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	0.13	0.13	0.10	0.14	0.09	0.06	0.08	0.16	0.10	0.06	-
Quick Ratio	0.12	0.12	0.09	0.13	0.07	0.04	0.05	0.14	0.07	0.04	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	226	171	60	40	111	87	-11	-60	-71	-219	-
Operating Cash Flow to CapEx	5,318.16%	1,827.12%	2,821.47%	1,389.20%	780.27%	4,613.31%	1,487.34%	-259.50%	0.00%	-412.78%	-
Free Cash Flow to Firm to Interest Expense	91.07	69.05	41.43	46.96	128.10	109.51	-13.18	-75.36	-89.05	-275.26	-
Operating Cash Flow to Interest Expense	63.02	22.76	62.56	42.10	25.58	140.08	56.02	-8.51	35.81	-17.46	-
Operating Cash Flow Less CapEx to Interest Expense	61.84	21.51	60.34	39.07	22.30	137.04	52.26	-11.80	36.49	-21.70	-
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.38	0.37	0.36	0.37	0.36	0.36	0.35	0.34	0.34	0.35	-
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	9.31	8.98	8.64	8.40	8.19	8.00	7.64	7.37	7.36	7.59	-
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	-1,411	-1,306	-1,205	-1,119	-1,221	-1,158	-1,143	-1,093	-1,128	-1,079	-
Invested Capital Turnover	-0.96	-0.98	-0.99	-1.02	-0.93	-0.95	-0.91	-0.89	-0.84	-0.87	-
Increase / (Decrease) in Invested Capital	-191	-148	-61	-26	-93	-79	-40	61	106	198	-
Enterprise Value (EV)	-1,472	-1,562	-1,387	-1,310	-1,460	-1,318	-1,265	-1,200	-1,216	-1,090	-
Market Capitalization	721	530	544	546	495	484	555	645	652	689	-
Book Value per Share	$30.84	$31.02	$28.72	$29.15	$29.04	$25.53	$26.80	$29.79	$29.37	$27.82	-
Tangible Book Value per Share	$30.69	$30.85	$28.56	$28.97	$28.86	$25.34	$26.60	$29.59	$29.16	$27.60	-
Total Capital	899	903	844	787	784	695	726	802	790	751	-
Total Debt	117	117	117	50	50	50	50	50	50	50	-
Total Long-Term Debt	117	117	117	50	50	50	50	50	50	50	-
Net Debt	-2,193	-2,092	-1,931	-1,856	-1,954	-1,803	-1,820	-1,845	-1,868	-1,780	-
Capital Expenditures (CapEx)	2.94	3.09	3.24	2.60	2.85	2.42	3.00	2.62	-0.54	3.37	-
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-1,783	-1,778	-1,736	-1,679	-1,617	-1,600	-1,572	-1,469	-1,466	-1,425	-
Debt-free Net Working Capital (DFNWC)	-1,566	-1,565	-1,583	-1,461	-1,499	-1,531	-1,492	-1,257	-1,354	-1,372	-
Net Working Capital (NWC)	-1,566	-1,565	-1,583	-1,461	-1,499	-1,531	-1,492	-1,257	-1,354	-1,372	-
Net Nonoperating Expense (NNE)	3.98	3.29	1.98	0.71	-1.01	2.10	5.59	-0.14	15	1.68	-
Net Nonoperating Obligations (NNO)	-2,193	-2,092	-1,931	-1,856	-1,954	-1,803	-1,820	-1,845	-1,868	-1,780	-
Total Depreciation and Amortization (D&A)	3.20	3.36	4.54	4.34	4.52	4.41	4.23	4.44	1.62	6.54	-
Debt-free, Cash-free Net Working Capital to Revenue	-141.62%	-147.03%	-149.56%	-149.36%	-147.81%	-149.89%	-153.00%	-146.66%	-147.15%	-139.39%	-
Debt-free Net Working Capital to Revenue	-124.39%	-129.37%	-136.34%	-129.98%	-137.02%	-143.41%	-145.25%	-125.44%	-135.96%	-134.20%	-
Net Working Capital to Revenue	-124.39%	-129.37%	-136.34%	-129.98%	-137.02%	-143.41%	-145.25%	-125.44%	-135.96%	-134.20%	-
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.78	($0.11)	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	-
Adjusted Weighted Average Basic Shares Outstanding	25.32M	25.34M	25.34M	25.30M	25.25M	25.27M	25.26M	25.24M	25.16M	25.20M	-
Adjusted Diluted Earnings per Share	$0.00	$0.76	($0.11)	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	-
Adjusted Weighted Average Diluted Shares Outstanding	25.92M	25.91M	25.31M	25.83M	25.25M	25.58M	25.25M	25.50M	25.32M	25.19M	-
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	25.38M	25.34M	25.34M	25.30M	25.28M	25.27M	25.26M	25.24M	25.22M	25.20M	-
Normalized Net Operating Profit after Tax (NOPAT)	35	23	-0.76	14	19	8.48	-51	0.56	35	-21	-
Normalized NOPAT Margin	10.55%	7.10%	-0.25%	4.80%	6.52%	3.07%	-19.10%	0.21%	12.73%	-9.04%	-
Pre Tax Income Margin	11.78%	7.69%	-1.25%	5.50%	8.46%	3.04%	-27.16%	0.00%	8.24%	-13.26%	-
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	17.95	11.07	-1.58	19.96	26.34	11.51	-89.62	1.00	49.35	-38.18	-
NOPAT to Interest Expense	14.28	9.29	-0.52	16.55	21.40	10.64	-63.72	0.70	43.85	-26.73	-
EBIT Less CapEx to Interest Expense	16.77	9.82	-3.80	16.93	23.06	8.47	-93.39	-2.28	50.02	-42.41	-
NOPAT Less CapEx to Interest Expense	13.09	8.04	-2.74	13.52	18.13	7.60	-67.49	-2.58	44.53	-30.96	-
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	26.17%	32.31%	44.03%	-95.74%	-54.42%	-55.35%	-27.57%	-127.77%	105.52%	29.61%	-
Augmented Payout Ratio	26.17%	32.31%	44.03%	-95.74%	-54.42%	-55.35%	-27.57%	-127.77%	105.52%	29.61%	-

Frequently Asked Questions About United Fire Group's Financials

When does United Fire Group's financial year end?

According to the most recent income statement we have on file, United Fire Group's fiscal year ends in December. Their fiscal 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. View United Fire Group's forecast to see where analysts expect United Fire Group to go next.

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 6/3/2025 by MarketBeat.com Staff

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