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UNITED FIRE GRP   FYE=12 (December)

Annual - Income Statement - Company Specific

Fiscal period2024202320222021202020192018201720162015
Period End Date12/31/202412/31/202312/31/202212/31/202112/31/202012/31/201912/31/201812/31/201712/31/201612/31/2015
Assumed from other companies--------------------
Net premiums written--------------------
Net Change in Unearned Premium--------------------
Ceded to Other Companies--------------------
Net premiums earned1,176.751,034.59951.54962.821,055.081,086.971,037.45997.491,023.40930.89
Fixed maturities--------------------
Equity securities--------------------
Realized Investment Gains(5.43)1.27(15.89)47.38(32.40)53.78(20.18)4.066.102.85
Other investments------------------4.15
Trading securities--------------------
Other-than-temporary impairment charges------------------(1.30)
Less investment expenses--------------------
Other--------------------
Dividends on equity securities--------------------
Investment income, net of investment expenses81.9959.6144.9355.7839.6760.4152.8951.19106.82100.78
Interest on fixed maturities--------------------
Income (loss) on other long-term investments(1)--------------------
Interest on mortgage loans--------------------
Interest on short-term investments--------------------
Interest on policy loans--------------------
Interest on cash and cash equivalents--------------------
Commission and policy fee income--------------------
Commission and other income--------------------
Other income (loss)----(0.30)0.216.27------0.620.40
Total Revenues1,253.311,095.47980.291,066.191,068.631,201.171,070.171,052.741,136.951,034.92
Increase in liability for future policy benefits----------------59.9750.95
Losses and loss settlement expenses744.61769.41637.30652.16869.47830.17731.61725.71683.80549.09
Interest on policyholders’ accounts7.283.263.193.19--------20.0823.68
Other underwriting expenses140.94115.80114.65110.57143.33137.42141.47103.63103.42102.94
Other non-underwriting expenses2.111.72----------------
Amortization of deferred policy acquisition costs281.34244.99213.08203.43210.25216.70206.23207.75211.01186.82
Goodwill impairment--------15.09----------
Total benefits, losses and expenses1,176.271,135.19968.21969.351,238.141,184.291,079.321,037.091,078.28913.47
Disaster charges and other related expenses, net of recoveries--------------------
Income before income taxes77.03(39.72)12.0896.84(169.52)16.88(9.15)15.6558.67121.45
Federal income tax expense (benefit)15.08(10.02)(2.95)16.25(56.81)2.06(11.41)(29.22)8.7632.33
Current23.47(2.22)1.6311.08(46.86)----------
Deferred(8.39)(7.80)(4.58)5.17(9.95)----------
Net Income (Loss) from continuing operations--------(112.71)14.822.2644.87----
Gain on sale of discontinued operations, net of tax------------27.31------
Net income from discontinued operations------------(1.91)6.15----
Consolidated Net income61.96(29.70)15.0380.59(112.71)14.8227.6551.0249.9089.13
Less preferred stock dividends and accretions--------------------
Earnings available to common shareholders61.96(29.70)15.0380.59(112.71)14.8227.6551.0249.9089.13
Earnings per common share from continuing operations: Basic--------(4.50)0.590.091.79----
Earnings per common share from discontinued operations: Basic------------1.02------
Basic earnings per common share2.45(1.18)0.603.21(4.50)0.591.112.031.973.56
Earnings per common share from continuing operations: Diluted--------(4.50)0.580.091.75----
Earnings per common share from discontinued operations: Diluted------------0.99------
Diluted earnings per common share2.39(1.18)0.593.16(4.50)0.581.081.991.933.53
Weighted-average common shares outstanding25.3225.2525.1625.0925.0325.1425.0125.1025.3425.05
Weighted average common and potential shares outstanding25.9225.2525.3225.0925.0325.5825.0125.6425.8125.24