UFCS earnings

CEDAR RAPIDS, Iowa, July 31, 2023 (GLOBE NEWSWIRE) -- United Fire Group, Inc. (the "Company" or "UFG") (NASDAQ:UFCS) announced today preliminary earnings estimates for the second quarter 2023 results, including net loss of $2.23 per diluted share, and an adjusted operating loss of $2.27 per diluted share. The Company expects second quarter 2023 results to include pre-tax reserve strengthening for prior accident years of $53 million representing 20.8 points of earned premium. In addition, the Company expects estimated pre-tax catastrophe losses of $33 million representing 13.0 points of earned premium. As a result, the GAAP combined ratio is estimated to be 133% in the second quar

CEDAR RAPIDS, Iowa, Oct. 27, 2022 (GLOBE NEWSWIRE) -- United Fire Group, Inc. (the "Company" or "UFG") (NASDAQ:UFCS) announced today that its third quarter 2022 results include estimated pre-tax catastrophe losses of $27 million, representing an impact on the third quarter 2022 GAAP combined ratio of approximately 11.4 percentage points which includes estimated catastrophe losses from Hurricane Ian of approximately $14 million before taxes. "Our thoughts are with those affected by Hurricane Ian," said UFG President and CEO Kevin Leidwinger. "We are committed to delivering on our promise of protection as we assist our policyholders in taking steps to repair, rebuild and recover from the de

CEDAR RAPIDS, Iowa, Oct. 28, 2021 (GLOBE NEWSWIRE) -- United Fire Group, Inc. (the "Company" or "UFG") (NASDAQ:UFCS) announced today that the third quarter 2021 results include pre-tax catastrophe losses of $39.5 million. Catastrophe losses for the third quarter added 16.5 percentage points to the GAAP combined ratio. Our 10-year historical average for the third quarter is 9.2 percentage points of the GAAP combined ratio. The higher than average catastrophe losses in the third quarter of 2021 are primarily the result of 19 catastrophe events, with the most notable catastrophe event being Hurricane Ida. Hurricane Ida is estimated to be a full retention loss, with losses in excess of our sta