Proceeds from the Offering will be used to support anticipated growth and for general corporate purposes.
Key Points:
- Proceeds from the Offering will be used to support anticipated growth and for general corporate purposes.
- “We are pleased with the successful execution of this capital raise,” said UFG President and CEO Kevin Leidwinger.
- “We appreciate the investment community’s support of our long-term strategies intended to deliver sustainable profitable growth.”
Stonybrook Capital, LLC served as the Company’s exclusive financial advisor in connection with the Offering.
- “We are pleased to provide a long-term private capital solution in support of UFG’s growth initiatives,” said Jeff Hughes, Managing Director in the Ares Credit Group.
CEDAR RAPIDS, Iowa, May 16, 2024 (GLOBE NEWSWIRE) -- United Fire Group, Inc. (Nasdaq: UFCS) (the "Company" or "UFG") announced today that its shareholders elected four Class C Directors to our 11-member board of directors at the 2024 Annual Meeting of Shareholders held on May 15, 2024.
Key Points:
- CEDAR RAPIDS, Iowa, May 16, 2024 (GLOBE NEWSWIRE) -- United Fire Group, Inc. (Nasdaq: UFCS) (the "Company" or "UFG") announced today that its shareholders elected four Class C Directors to our 11-member board of directors at the 2024 Annual Meeting of Shareholders held on May 15, 2024.
- The following individuals were each elected as Class C Directors to serve three-year terms expiring in 2027.
- Mark A.
- Green, Operating Partner at Vistria Group;
Christopher R. Drahozal, Professor of Law at the University of Kansas Law School;
Lura E. McBride, President and Chief Executive Officer of Van Meter Inc.; and
George D. Milligan, President of The Graham Group, Inc.
ratified the appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm for 2024; and
approved, on an advisory basis, the compensation of the Company's named executive officers..
CEDAR RAPIDS, IOWA , May 15, 2024 (GLOBE NEWSWIRE) -- Today, the Board of Directors of United Fire Group, Inc. (Nasdaq: UFCS) ("UFG") declared a common stock quarterly cash dividend of $0.16 per share.
Key Points:
- CEDAR RAPIDS, IOWA , May 15, 2024 (GLOBE NEWSWIRE) -- Today, the Board of Directors of United Fire Group, Inc. (Nasdaq: UFCS) ("UFG") declared a common stock quarterly cash dividend of $0.16 per share.
- This dividend will be payable June 14, 2024 to shareholders of record as of May 31, 2024.
- UFG has a long history of paying quarterly dividends, with the quarterly cash dividend declared today marking the 225th consecutive quarterly dividend paid, dating back to March 1968.
CEDAR RAPIDS, Iowa, May 07, 2024 (GLOBE NEWSWIRE) -- 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.
Key Points:
- Loss ratio components include underlying loss ratio(3) of 59.4% and catastrophe loss ratio of 4.6%, with no prior year reserve development.
- Net investment income of $16.3 million increased 28.5% compared to the first quarter of 2023.
- Book value per common share increased $0.09 to $29.13 as of March 31, 2024, compared to December 31, 2023.
- “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.
CEDAR RAPIDS, Iowa, April 19, 2024 (GLOBE NEWSWIRE) -- United Fire Group, Inc. (Nasdaq: UFCS) (the "Company", "UFG", "we", or "our") announced today that its 2024 first quarter earnings results will be released after the market closes on Tuesday, May 7, 2024.
Key Points:
- CEDAR RAPIDS, Iowa, April 19, 2024 (GLOBE NEWSWIRE) -- United Fire Group, Inc. (Nasdaq: UFCS) (the "Company", "UFG", "we", or "our") announced today that its 2024 first quarter earnings results will be released after the market closes on Tuesday, May 7, 2024.
- An earnings call will be held on Wednesday, May 8, 2024 at 9:00 a.m. central time to allow securities analysts, shareholders and other interested parties the opportunity to hear management discuss the Company's 2024 first quarter results.
- The event will be archived and available for digital replay through May 15, 2024.
- The archived audio webcast will be available until May 15, 2024.
Retrieved on:
Friday, February 23, 2024
CEDAR RAPIDS, Iowa, Feb. 23, 2024 (GLOBE NEWSWIRE) -- Today, the Board of Directors of United Fire Group, Inc. (Nasdaq: UFCS) ("UFG") declared a common stock quarterly cash dividend of $0.16 per share.
Key Points:
- CEDAR RAPIDS, Iowa, Feb. 23, 2024 (GLOBE NEWSWIRE) -- Today, the Board of Directors of United Fire Group, Inc. (Nasdaq: UFCS) ("UFG") declared a common stock quarterly cash dividend of $0.16 per share.
- This dividend will be payable March 22, 2024 to shareholders of record as of March 8, 2024.
- UFG has a long history of paying quarterly dividends, with the quarterly cash dividend declared today marking the 224th consecutive quarterly dividend paid, dating back to March 1968.
Retrieved on:
Tuesday, February 13, 2024
CEDAR RAPIDS, Iowa, Feb. 13, 2024 (GLOBE NEWSWIRE) -- United Fire Group, Inc. (Nasdaq: UFCS),
Key Points:
- “I am pleased with our fourth quarter results as we achieved the highest level of quarterly profit in 2023,” said UFG President and CEO Kevin Leidwinger.
- “In the fourth quarter, net premiums written grew to $247 million led by our core commercial and assumed reinsurance business units.
- “Improving core commercial line profitability led to a fourth quarter underlying loss ratio of 60.0%, the lowest quarterly result of 2023.
- “The fourth quarter expense ratio of 34.4% was also the lowest result of 2023, as we continued to sustainably reduce expenses.
Retrieved on:
Tuesday, January 30, 2024
CEDAR RAPIDS, Iowa, Jan. 30, 2024 (GLOBE NEWSWIRE) -- United Fire Group, Inc. (Nasdaq: UFCS) (the "Company", "UFG", "we", or "our") announced today that its 2023 fourth quarter earnings results will be released after the market closes on Tuesday, February 13, 2024.
Key Points:
- CEDAR RAPIDS, Iowa, Jan. 30, 2024 (GLOBE NEWSWIRE) -- United Fire Group, Inc. (Nasdaq: UFCS) (the "Company", "UFG", "we", or "our") announced today that its 2023 fourth quarter earnings results will be released after the market closes on Tuesday, February 13, 2024.
- An earnings call will be held on Wednesday, February 14, 2024 at 9:00 a.m. central time to allow securities analysts, shareholders and other interested parties the opportunity to hear management discuss the Company's 2023 fourth quarter results.
- Webcast: A 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=yMChVzCX .
- Transcript: A transcript of the teleconference will be available on the Company's website soon after the completion of the teleconference.
Retrieved on:
Friday, December 15, 2023
CEDAR RAPIDS, Iowa, Dec. 15, 2023 (GLOBE NEWSWIRE) -- United Fire Group Inc. (Nasdaq: UFCS) (UFG) is pleased to announce the appointment of Kelly Walsh as chief underwriting officer, effective December 27, 2023.
Key Points:
- CEDAR RAPIDS, Iowa, Dec. 15, 2023 (GLOBE NEWSWIRE) -- United Fire Group Inc. (Nasdaq: UFCS) (UFG) is pleased to announce the appointment of Kelly Walsh as chief underwriting officer, effective December 27, 2023.
- As chief underwriting officer, Walsh will lead all underwriting functions at UFG, maintaining full profit and loss and strategic accountability across all lines of business, applying a high level of underwriting governance and rigor to each business unit.
- “With her deep underwriting expertise, actuarial background and strong leadership skills, Kelly is ideally suited to lead the underwriting organization,” said UFG Executive Vice President and Chief Operating Officer Julie Stephenson.
- We are excited to welcome her to the leadership team and look forward to her many valuable contributions.”
“It is an honor to serve as chief underwriting officer,” added Walsh.
Retrieved on:
Friday, November 17, 2023
CEDAR RAPIDS, Iowa, Nov. 17, 2023 (GLOBE NEWSWIRE) -- Today, the Board of Directors of United Fire Group, Inc. (Nasdaq: UFCS) ("UFG") declared a common stock quarterly cash dividend of $0.16 per share.
Key Points:
- CEDAR RAPIDS, Iowa, Nov. 17, 2023 (GLOBE NEWSWIRE) -- Today, the Board of Directors of United Fire Group, Inc. (Nasdaq: UFCS) ("UFG") declared a common stock quarterly cash dividend of $0.16 per share.
- This dividend will be payable December 15, 2023 to shareholders of record as of December 1, 2023.
- UFG has a long history of paying quarterly dividends, with the quarterly cash dividend declared today marking the 223rd consecutive quarterly dividend paid, dating back to March 1968.
