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UNITED FIRE GRP   FYE=12 (December)

Annual - Income Statement - Company Specific

Fiscal period2020201920182017201620152014201320122011
Period End Date12/31/202012/31/201912/31/201812/31/201712/31/201612/31/201512/31/201412/31/201312/31/201212/31/2011
Assumed from other companies--------------------
Net premiums written--------------------
Net Change in Unearned Premium--------------------
Ceded to Other Companies--------------------
Net premiums earned1,055.081,086.971,037.45997.49936.13851.70828.33754.85694.99586.78
Fixed maturities------------------(0.40)
Equity securities--------------------
Realized Investment Gains(32.40)53.78(20.18)4.064.951.127.278.705.456.44
Other investments--------------8.83--(0.07)
Trading securities------------------0.00
Other-than-temporary impairment charges--------------(0.14)----
Less investment expenses------------------6.86
Other------------------0.97
Dividends on equity securities------------------4.63
Investment income, net of investment expenses39.6760.4152.8951.1955.2846.56104.61112.80111.91109.49
Interest on fixed maturities------------------109.47
Income (loss) on other long-term investments(1)------------------0.22
Interest on mortgage loans------------------0.29
Interest on short-term investments------------------0.00
Interest on policy loans------------------(0.14)
Interest on cash and cash equivalents------------------0.91
Commission and policy fee income--------------------
Commission and other income--------------------
Other income (loss)6.27--------(0.11)1.690.700.892.29
Total Revenues1,068.631,201.171,070.171,052.74996.36899.27941.89877.04813.24705.01
Increase in liability for future policy benefits------------36.6237.6343.1032.57
Losses and loss settlement expenses869.47830.17731.61725.71652.43520.09536.24458.81459.71430.39
Interest on policyholders’ accounts------------30.2535.1641.4142.83
Other underwriting expenses143.33137.42141.47103.6383.5483.6394.8789.8681.1358.76
Amortization of deferred policy acquisition costs210.25216.70206.23207.75202.89180.18167.45153.68141.83153.18
Goodwill impairment15.09------------------
Total benefits, losses and expenses1,238.141,184.291,079.321,037.09938.87783.90865.43775.14--717.72
Disaster charges and other related expenses, net of recoveries--------------------
Income before income taxes(169.52)16.88(9.15)15.6557.50115.3776.46101.9046.07(12.72)
Federal income tax expense (benefit)(56.81)2.06(11.41)(29.22)8.3830.0517.3325.765.86(12.73)
Current(46.86)(7.84)18.49------------(3.52)
Deferred(9.95)9.90(21.79)------------(9.21)
Net Income (Loss) from continuing operations(112.71)14.822.2644.8749.1285.32--------
Gain on sale of discontinued operations, net of tax----27.316.15------------
Net income from discontinued operations----(1.91)--0.793.81--------
Consolidated Net income(112.71)14.8227.6551.0249.9089.1359.1476.1440.210.01
Less preferred stock dividends and accretions--------------------
Earnings available to common shareholders(112.71)14.8227.6551.0249.9089.1359.1476.1440.210.01
Earnings per common share from continuing operations: Basic(4.50)0.590.091.791.943.41--------
Earnings per common share from discontinued operations: Basic--------0.03----------
Basic earnings per common share(4.50)0.591.112.031.973.562.343.011.58--
Earnings per common share from continuing operations: Diluted(4.50)0.580.091.751.903.38--------
Earnings per common share from discontinued operations: Diluted--------0.03----------
Diluted earnings per common share(4.50)0.581.081.991.933.532.322.981.58--
Weighted-average common shares outstanding25.0325.1425.0125.1025.3425.0525.2325.3325.4525.88
Weighted average common and potential shares outstanding25.0325.5825.6225.6425.3425.2425.4925.5325.5125.96