United Fire Group, Inc. (the “Company” or “UFG”)
(Nasdaq: UFCS) today reported financial results for the three-month
period ended March 31, 2024 (the “first quarter of 2024”) with a
consolidated net income of $13.5 million ($0.52 per diluted share)
and consolidated adjusted operating income of $0.56 per diluted
share.
“I am pleased with our first quarter results as net income
increased to $13.5 million driven by improved underwriting results
and higher investment income,” said UFG President and CEO Kevin
Leidwinger. “The momentum we established in 2023
carried into the first quarter of 2024 as net written premium grew
17.6% to $321.3 million, led by our core commercial and assumed
reinsurance business units. Core commercial growth remained strong,
fueled by average renewal premium increases of 10.9%, steady
retention and attractive new business opportunities reflective of
our continued focus on profitability. Rates increased 9.0% and
remained above loss cost trends.
“The first quarter GAAP combined ratio improved 4.5 points to
98.9% compared to the first quarter of 2023, representing its
lowest mark in the last eight quarters. The underlying loss ratio
improved to 59.4%, reflecting continued underwriting and pricing
discipline across the portfolio. Catastrophe losses contributed
4.6% to the GAAP combined ratio in line with the same period last
year and just below our five-year historical average. The expense
ratio improved slightly to 34.9%. Prior period reserve development
was neutral overall compared to the prior year period, with
favorable emergence across several lines of business enabling us to
further reinforce our position against the heightened inflationary
uncertainty in some liability lines.
“Net investment income increased 28.5% to $16.3 million as we
continued to benefit from reinvesting at higher interest rates. In
the first quarter of 2024, we completed the strategic reallocation
of public equity assets into fixed maturities and transitioned
management of our investment portfolio to New England Asset
Management.
“Throughout 2024, we will continue to focus on the strategic
execution of our business plan to drive continued improvement in
performance.”
(1) Net premiums written is a performance measure reflecting the
amount charged for insurance policy contracts issued and recognized
on an annualized basis at the effective date of the policy. See
Certain Performance Measures for additional information.(2)
Underlying combined ratio is defined as the GAAP combined ratio
less impacts of catastrophes and non-catastrophe prior period
reserve development. See Definitions of Non-GAAP Information and
Reconciliations to Comparable GAAP Measures for additional
information.(3) Underlying loss ratio is defined as the net loss
ratio less impacts of catastrophes and non-catastrophe prior year
reserve development. See Definitions of Non-GAAP Information and
Reconciliations to Comparable GAAP Measures for additional
information.
Consolidated Financial Highlights:
Consolidated Financial Highlights |
(unaudited) |
Three Months Ended March 31, |
(In Thousands, Except Per Share Data) |
|
2024 |
|
|
|
2023 |
|
Net premiums earned |
$ |
280,859 |
|
|
$ |
256,127 |
|
Net premiums written |
|
321,271 |
|
|
|
273,268 |
|
|
|
|
|
GAAP Combined Ratio: |
|
|
|
Net loss ratio |
|
64.0 |
% |
|
|
68.2 |
% |
Underwriting expense ratio |
|
34.9 |
% |
|
|
35.2 |
% |
GAAP combined ratio |
|
98.9 |
% |
|
|
103.4 |
% |
|
|
|
|
Additional Ratios: |
|
|
|
Net loss ratio |
|
64.0 |
% |
|
|
68.2 |
% |
Catastrophes-effect on net loss ratio(1) |
|
4.6 |
% |
|
|
4.6 |
% |
Reserve development-effect on net loss ratio(1) |
|
— |
% |
|
|
0.1 |
% |
Underlying loss ratio(1) (non-GAAP) |
|
59.4 |
% |
|
|
63.5 |
% |
Underwriting expense ratio |
|
34.9 |
% |
|
|
35.2 |
% |
Underlying combined ratio(2) (non-GAAP) |
|
94.3 |
% |
|
|
98.7 |
% |
|
|
|
|
Net investment income, net of investment expenses |
$ |
16,342 |
|
|
$ |
12,722 |
|
Net investment gains (losses) |
|
(1,202 |
) |
|
|
(1,745 |
) |
Other income (loss)(3) |
|
(1,914 |
) |
|
|
(2,370 |
) |
|
|
|
|
Net income (loss) |
$ |
13,502 |
|
|
$ |
694 |
|
Adjusted operating income (loss)(4) |
|
14,452 |
|
|
|
2,073 |
|
|
|
|
|
Net income (loss) per diluted share |
$ |
0.52 |
|
|
$ |
0.03 |
|
Adjusted operating income (loss) per diluted share(4) |
|
0.56 |
|
|
|
0.08 |
|
|
|
|
|
Return on equity(5) |
|
7.3 |
% |
|
|
0.4 |
% |
(1) Underlying loss ratio is a non-GAAP financial measure that
is defined as the net loss ratio less impacts of catastrophes and
non-catastrophe prior period reserve development. See Definitions
of Non-GAAP Information and Reconciliations to Comparable GAAP
Measures for additional information.(2) Underlying combined ratio
is a non-GAAP financial measure that is defined as the GAAP
combined ratio less impacts of catastrophes and non-catastrophe
prior period reserve development. See Definitions of Non-GAAP
Information and Reconciliations to Comparable GAAP Measures for
additional information.(3) Other income (loss) is comprised of
Other income (loss), Interest expense and other non-underwriting
expenses.(4) Adjusted operating income (loss) is a non-GAAP
financial measure of net income excluding net investment gains and
losses, after applicable taxes. See Definitions of Non-GAAP
Information and Reconciliations to Comparable GAAP Measures for
additional information and a reconciliation of adjusted operating
income (loss) to net income. (5) Return on equity is calculated by
dividing annualized net income by average stockholders’ equity,
which is calculated using a simple average of the beginning and
ending balances for the period.
Total Property & Casualty Underwriting
Results
First quarter 2024 results:(All comparisons vs.
first quarter 2023, unless noted otherwise)
Growth in net premiums written accelerated in the first quarter
of 2024, increasing by 17.6%. Net premiums earned increased 9.7% in
the first quarter of 2024 due to growth in net premiums written in
both prior and current quarters. Commercial lines net premiums
written excluding surety and specialty increased 12.4%, supported
by increased pricing with an overall increase in average renewal
premiums of 10.9%. Rate increases accounted for 9.0% while exposure
increases contributed an additional 1.7%. Excluding the workers’
compensation line of business, the overall average increase in
renewal premiums was 12.2%, with 10.4% from rate increases and 1.7%
from exposure changes.
The GAAP combined ratio for the first quarter of 2024 was 98.9%,
improving 4.5 points from 103.4%. This decrease is primarily
attributable to a lower underlying loss ratio. Prior period
development excluding catastrophe losses was neutral for the first
quarter of 2024. This compares to 0.1% of unfavorable development
in the first quarter of 2023. Pre-tax catastrophe losses added 4.6
percentage points to the GAAP combined ratio in each of the
three-month periods ended March 31, 2024 and 2023, slightly below
our five-year historical average. The underlying loss ratio of
59.4% improved 4.1 points, reflecting improvement in our core
commercial lines from a combination of underwriting actions,
increased pricing, and lower claim count trends. The underwriting
expense ratio of 34.9% improved 0.3 points due to premium growth
and our ongoing actions to sustainably reduce expenses.
Investment Results
First quarter 2024 results:(All comparisons vs.
first quarter 2023, unless noted otherwise)
Net investment income was $16.3 million for the first
quarter of 2024, an increase of $3.6 million. Income from our
fixed income portfolio increased by $1.9 million as we
invested at higher interest rates. In addition, income from cash
and cash equivalents increased by $2.0 million. The loss on
other long-term investments improved by $0.8 million as the
valuation of our investments in limited liability partnerships
varies from period to period. Investment expense increased by
$0.2 million. The dividends on equity securities decreased by
$0.9 million due to a strategic reallocation of equity
securities to fixed income assets over the past three quarters.
Investment Results |
(unaudited) |
Three Months Ended March 31, |
(In Thousands) |
|
2024 |
|
|
|
2023 |
|
Investment income: |
|
|
|
Interest on fixed maturities |
$ |
15,160 |
|
|
$ |
13,297 |
|
Dividends on equity securities |
$ |
341 |
|
|
$ |
1,243 |
|
Income (loss) on other long-term investments |
$ |
(242 |
) |
|
$ |
(1,080 |
) |
Other |
$ |
3,898 |
|
|
$ |
1,860 |
|
Total investment income |
$ |
19,157 |
|
|
$ |
15,320 |
|
Less investment expenses |
$ |
2,815 |
|
|
$ |
2,598 |
|
Net investment income |
$ |
16,342 |
|
|
$ |
12,722 |
|
|
|
|
|
Average yields: |
|
|
|
Fixed income securities: |
|
|
|
Pre-tax(1) |
|
3.57 |
% |
|
|
3.26 |
% |
(1) Fixed income securities yield excluding net unrealized
investment gains/losses and expenses.
Balance Sheet
Balance Sheet |
(In Thousands) |
March 31, 2024 |
|
December 31, 2023 |
|
(unaudited) |
|
|
Invested assets |
$ |
1,729,748 |
|
|
$ |
1,886,494 |
|
Cash |
|
217,785 |
|
|
|
102,046 |
|
Total assets |
|
3,244,635 |
|
|
|
3,144,190 |
|
Losses and loss settlement
expenses |
|
1,690,885 |
|
|
|
1,638,755 |
|
Total liabilities |
|
2,507,869 |
|
|
|
2,410,445 |
|
Net unrealized investment
gains (losses), after-tax |
|
(73,707 |
) |
|
|
(66,967 |
) |
Total
stockholders’ equity |
|
736,766 |
|
|
|
733,745 |
|
|
|
|
|
Book value per share |
$ |
29.13 |
|
|
$ |
29.04 |
|
|
|
|
|
|
|
|
|
Total consolidated assets as of March 31, 2024 were
$3.2 billion, which included $1.7 billion of invested
assets. The Company’s book value per share was $29.13, an increase
of $0.09 per share, or 0.3%, from December 31, 2023. This
increase is primarily related to an increase in net income,
partially offset by net unrealized loss after tax on fixed maturity
securities and shareholder dividends during the quarter.
Capital Management
During the first quarter of 2024, the Company declared and paid
a $0.16 per share cash dividend to shareholders of record as of
March 8, 2024. UFG has paid a quarterly dividend every quarter
since March 1968.
Earnings Call Access Information
An earnings call will be held at 9:00 a.m. CT on May 8,
2024, to allow securities analysts, shareholders and other
interested parties the opportunity to hear management discuss the
Company’s first quarter of 2024 results.
Teleconference: Dial-in information for the call is toll-free
1-844-492-3723 (international 1-412-542-4184). The event will be
archived and available for digital replay through May 15, 2024. The
replay access information is toll-free 1-877-344-7529
(international 1-412-317-0088); conference ID no. 2802518.
Webcast: An audio webcast of the teleconference can be accessed
at the Company’s investor relations page
at https://ir.ufginsurance.com/event/ or
https://event.choruscall.com/mediaframe/webcast.html?webcastid=MTeVv1hy.
The archived audio webcast will be available until May 15,
2024.
Transcript: A transcript of the teleconference will be available
on the Company’s website soon after the completion of the
teleconference.
About UFG
Founded in 1946 as United Fire & Casualty Company, UFG,
through its insurance company subsidiaries, is engaged in the
business of writing property and casualty insurance.
Through our subsidiaries, we are licensed as a property and
casualty insurer in 50 states, plus the District of Columbia, and
we are represented by approximately 1,000 independent agencies.
A.M. Best Company assigns a rating of “A-” (Excellent) for members
of the United Fire & Casualty Group. For more information about
UFG, visit www.ufginsurance.com.
Contact:
Investor RelationsEmail:
ir@unitedfiregroup.com
Media Inquiries Email:
news@unitedfiregroup.com
Disclosure of Forward-Looking Statements
This release may contain forward-looking statements about our
operations, anticipated performance and other similar matters. The
Private Securities Litigation Reform Act of 1995 provides a safe
harbor under the Securities Act of 1933 and the Securities Exchange
Act of 1934 for forward-looking statements. The forward-looking
statements are not historical facts and involve risks and
uncertainties that could cause actual results to differ from those
expected and/or projected. Such forward-looking statements are
based on current expectations, estimates, forecasts and projections
about the Company, the industry in which we operate, and beliefs
and assumptions made by management. Words such as “expect(s),”
“anticipate(s),” “intend(s),” “plan(s),” “believe(s),”
“continue(s),” “seek(s),” “estimate(s),” “goal(s),” “remain(s)
optimistic,” “target(s),” “forecast(s),” “project(s),”
“predict(s),” “should,” “could,” “may,” “will,” “might,” “hope,”
“can” and other words and terms of similar meaning or expression in
connection with a discussion of future operations, financial
performance or financial condition, are intended to identify
forward-looking statements. These statements are not guarantees of
future performance and involve risks, uncertainties and assumptions
that are difficult to predict. Therefore, actual outcomes and
results may differ materially from what is expressed in such
forward-looking statements. Information concerning factors that
could cause actual outcomes and results to differ materially from
those expressed in the forward-looking statements is contained in
Part I, Item 1A “Risk Factors” of our Annual Report on Form 10-K
for the year ended December 31, 2023 (“2023 Annual Report”),
filed with the Securities and Exchange Commission (“SEC”) on
February 29, 2024. The risks identified in our 2023 Annual
Report and in our other SEC filings are representative of the
risks, uncertainties, and assumptions that could cause actual
outcomes and results to differ materially from what is expressed in
the forward-looking statements. Readers are cautioned not to place
undue reliance on these forward-looking statements, which speak
only as of the date of this release or as of the date they are
made. Except as required under the federal securities laws and the
rules and regulations of the SEC, we do not have any intention or
obligation to update publicly any forward-looking statements,
whether as a result of new information, future events, or
otherwise, except as required by law. In addition, future dividend
payments are within the discretion of our Board of Directors and
will depend on numerous factors, including our financial condition,
our capital requirements and other factors that our Board of
Directors considers relevant.
Definitions of Non-GAAP Information and Reconciliations
to Comparable GAAP Measures
The Company prepares its public financial statements in
conformity with accounting principles generally accepted in the
United States of America (“GAAP”). Management also uses certain
non-GAAP financial measures to evaluate its operations and
profitability. As further explained below, management believes that
disclosure of certain non-GAAP financial measures enhances investor
understanding of our financial performance. Non-GAAP financial
measures disclosed in this report include: adjusted operating
income, underlying loss ratio, and underlying combined ratio. The
Company has provided the following definitions and reconciliations
of the non-GAAP financial measures:
Adjusted operating income: Adjusted operating
income is calculated by excluding net investment gains and losses,
after applicable federal and state income taxes from net income
(loss). Management believes adjusted operating income is a
meaningful measure for evaluating insurance company performance and
a useful supplement to GAAP information because it better
represents the normal, ongoing performance of our business.
Investors and equity analysts who invest in and report on the
insurance industry and the Company generally focus on this metric
in their analyses.
Net Income Reconciliation |
(unaudited) |
Three Months Ended March 31, |
(In Thousands) |
|
2024 |
|
|
|
2023 |
|
Income Statement
Data |
|
|
|
Net income (loss) |
$ |
13,502 |
|
|
$ |
694 |
|
Less: after-tax net investment gains (losses) |
|
(950 |
) |
|
|
(1,379 |
) |
Adjusted operating income (loss) |
$ |
14,452 |
|
|
$ |
2,073 |
|
Diluted Earnings Per
Share Data |
|
|
|
Net income (loss) |
$ |
0.52 |
|
|
$ |
0.03 |
|
Less: after-tax net investment gains (losses) |
|
(0.04 |
) |
|
|
(0.05 |
) |
Adjusted operating income (loss) |
$ |
0.56 |
|
|
$ |
0.08 |
|
|
|
|
|
|
|
|
|
Underlying loss ratio and underlying combined
ratio: Underlying loss ratio represents the net loss ratio
less the impacts of catastrophes and non-catastrophe prior period
reserve development. The underlying combined ratio represents the
GAAP combined ratio less the impacts of catastrophes and
non-catastrophe prior period reserve development. The Company
believes that the underlying loss ratio and underlying combined
ratio are meaningful measures to understand the underlying trends
in the core business in the current accident year, removing the
volatility of prior period impacts and catastrophes. Management
believes separate discussions on catastrophe losses and prior
period reserve development are important to understanding how the
Company is managing catastrophe risk and in identifying
developments in longer-tailed business.
Prior period reserve development is the increase (unfavorable)
or decrease (favorable) in incurred loss and loss adjustment
expense reserves at the valuation dates for losses which occurred
in previous calendar years. This measure excludes development on
catastrophe losses.
Catastrophe losses is an operational measure which utilizes the
designations of the Insurance Services Office (“ISO”) and is
reported with losses and loss adjustment expense amounts net of
reinsurance recoverables, unless specified otherwise. In addition
to ISO catastrophes, we also include as catastrophes those events
(“non-ISO catastrophes”), which may include U.S. or international
losses, that we believe are, or will be, material to our
operations, either in amount or in number of claims made.
Catastrophes are not predictable and are unique in terms of timing
and financial impact. While management estimates catastrophe losses
as incurred, due to the inherently unique nature of catastrophe
losses, the impact in a reporting period is inclusive of
catastrophes that occurred in the reporting period, as well as
development on catastrophes that may have occurred in prior
periods.
Certain Performance Measure
The Company uses the following measure to evaluate its financial
performance. Management believes a discussion of this measure
provides financial statement users with a better understanding of
the Company’s results of operations. The Company has provided the
following definition:
Net premiums written: Net premiums written is
frequently used by industry analysts and other recognized reporting
sources to facilitate comparisons of the performance of insurance
companies. Net premiums written is the amount charged for insurance
policy contracts issued and recognized on an annualized basis at
the effective date of the policy. Management believes net premiums
written is a meaningful measure for evaluating insurance company
sales performance and geographical expansion efforts. Net premiums
written for an insurance company consists of direct premiums
written and premiums assumed, less premiums ceded. Net premiums
earned is calculated on a pro-rata basis over the terms of the
respective policies. Unearned premium reserves are established for
the portion of premiums written applicable to the unexpired terms
of the insurance policies in force. The difference between net
premiums earned and net premiums written is the change in unearned
premiums and the change in prepaid reinsurance premiums.
Supplemental Tables
Income Statement |
(unaudited) |
Three Months Ended March 31, |
(In Thousands) |
|
2024 |
|
|
|
2023 |
|
Revenues |
|
|
|
Net premiums earned |
$ |
280,859 |
|
|
$ |
256,127 |
|
Investment income, net of
investment expenses |
|
16,342 |
|
|
|
12,722 |
|
Net investment gains
(losses) |
|
(1,202 |
) |
|
|
(1,745 |
) |
Other
income (loss) |
|
— |
|
|
|
— |
|
Total
Revenues |
$ |
295,999 |
|
|
$ |
267,104 |
|
|
|
|
|
Benefits, Losses and
Expenses |
|
|
|
Losses and loss settlement
expenses |
$ |
179,646 |
|
|
$ |
174,597 |
|
Amortization of deferred
policy acquisition costs |
|
65,690 |
|
|
|
59,835 |
|
Other underwriting
expenses |
|
32,465 |
|
|
|
30,303 |
|
Interest expense |
|
859 |
|
|
|
797 |
|
Other
non-underwriting expenses |
|
1,055 |
|
|
|
1,573 |
|
Total Benefits, Losses
and Expenses |
$ |
279,715 |
|
|
$ |
267,105 |
|
|
|
|
|
Income (loss) before income taxes |
$ |
16,284 |
|
|
$ |
(1 |
) |
Federal
income tax expense (benefit) |
|
2,782 |
|
|
|
(695 |
) |
Net income (loss) |
$ |
13,502 |
|
|
$ |
694 |
|
|
|
|
|
|
|
|
|
Net Premiums Written by Line of Business |
(unaudited) |
Three Months Ended March 31, |
(In Thousands) |
|
2024 |
|
|
|
2023 |
|
Net Premiums
Written(1) |
|
|
|
Commercial lines: |
|
|
|
Other liability(2) |
$ |
89,862 |
|
|
$ |
79,829 |
|
Fire and allied lines(3) |
|
70,653 |
|
|
|
62,029 |
|
Automobile |
|
74,841 |
|
|
|
59,279 |
|
Workers’ compensation |
|
17,080 |
|
|
|
13,364 |
|
Surety(4) |
|
14,858 |
|
|
|
15,401 |
|
Miscellaneous |
|
2,130 |
|
|
|
319 |
|
Total
commercial lines |
$ |
269,424 |
|
|
$ |
230,221 |
|
|
|
|
|
Personal lines: |
|
|
|
Fire and allied lines(5) |
$ |
4,876 |
|
|
$ |
1,496 |
|
Automobile |
|
— |
|
|
|
— |
|
Miscellaneous |
|
2 |
|
|
|
5 |
|
Total
personal lines |
$ |
4,878 |
|
|
$ |
1,501 |
|
Assumed
reinsurance |
|
46,969 |
|
|
|
41,547 |
|
Total |
$ |
321,271 |
|
|
$ |
273,268 |
|
(1) Net premiums written is a performance measure reflecting the
amount charged for insurance policy contracts issued and recognized
on an annualized basis at the effective date of the policy. See
Certain Performance Measures for additional information.(2)
Commercial lines “Other liability” is business insurance covering
bodily injury and property damage arising from general business
operations, accidents on the insured’s premises and products
manufactured or sold.(3) Commercial lines “Fire and allied lines”
includes fire, allied lines, commercial multiple peril and inland
marine.(4) Commercial lines “Surety” previously referred to as
“Fidelity and surety.”(5) Personal lines “Fire and allied lines”
includes fire, allied lines, homeowners and inland marine.
Net Premiums Earned, Net Losses and Loss Settlement
Expenses and Net Loss Ratio by Line of Business |
Three
Months Ended March 31, |
2024 |
|
2023 |
|
|
|
Net Losses |
|
|
|
|
|
Net Losses |
|
|
|
|
|
and Loss |
|
|
|
|
|
and Loss |
|
|
|
Net |
|
Settlement |
|
Net |
|
Net |
|
Settlement |
|
Net |
(In Thousands, Except
Ratios) |
Premiums |
|
Expenses |
|
Loss |
|
Premiums |
|
Expenses |
|
Loss |
(unaudited) |
Earned |
|
Incurred |
|
Ratio |
|
Earned |
|
Incurred |
|
Ratio |
Commercial lines |
|
|
|
|
|
|
|
|
|
|
|
Other liability |
$ |
80,397 |
|
$ |
62,022 |
|
|
|
77.1 |
% |
|
$ |
78,405 |
|
$ |
52,844 |
|
|
|
67.4 |
% |
Fire and allied lines |
|
62,410 |
|
|
35,620 |
|
|
|
57.1 |
|
|
|
56,466 |
|
|
45,881 |
|
|
|
81.3 |
|
Automobile |
|
56,509 |
|
|
42,938 |
|
|
|
76.0 |
|
|
|
48,972 |
|
|
36,781 |
|
|
|
75.1 |
|
Workers’ compensation |
|
12,427 |
|
|
6,218 |
|
|
|
50.0 |
|
|
|
13,245 |
|
|
8,051 |
|
|
|
60.8 |
|
Surety |
|
14,904 |
|
|
3,558 |
|
|
|
23.9 |
|
|
|
11,946 |
|
|
1,221 |
|
|
|
10.2 |
|
Miscellaneous |
|
1,567 |
|
|
842 |
|
|
|
53.7 |
|
|
|
265 |
|
|
137 |
|
|
|
51.7 |
|
Total
commercial lines |
$ |
228,214 |
|
$ |
151,198 |
|
|
|
66.3 |
% |
|
$ |
209,299 |
|
$ |
144,915 |
|
|
|
69.2 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
Personal lines |
|
|
|
|
|
|
|
|
|
|
|
Fire and allied lines |
$ |
4,895 |
|
$ |
3,734 |
|
|
|
76.3 |
% |
|
$ |
1,952 |
|
$ |
2,186 |
|
|
|
112.0 |
% |
Automobile |
|
— |
|
|
(9 |
) |
|
|
NM |
|
|
|
— |
|
|
(254 |
) |
|
|
NM |
|
Miscellaneous |
|
3 |
|
|
(38 |
) |
|
|
NM |
|
|
|
7 |
|
|
(46 |
) |
|
|
NM |
|
Total
personal lines |
$ |
4,898 |
|
$ |
3,687 |
|
|
|
75.3 |
% |
|
$ |
1,959 |
|
$ |
1,886 |
|
|
|
96.3 |
% |
Assumed
reinsurance |
|
47,747 |
|
|
24,761 |
|
|
|
51.9 |
|
|
|
44,869 |
|
|
27,796 |
|
|
|
61.9 |
|
Total |
$ |
280,859 |
|
$ |
179,646 |
|
|
|
64.0 |
% |
|
$ |
256,127 |
|
$ |
174,597 |
|
|
|
68.2 |
% |
NM = Not meaningful
United Fire (NASDAQ:UFCS)
Historical Stock Chart
From May 2024 to Jun 2024
United Fire (NASDAQ:UFCS)
Historical Stock Chart
From Jun 2023 to Jun 2024