UFCS on Nasdaq

UNITED FIRE GROUP INC

UNITED FIRE GROUP INC is a fire company, listed on Nasdaq (UFCS).1 It is headquartered in Cedar Rapids, Iowa.1

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Last updated Oct 21, 2026.

Overview

Compare with The Hartford, Root, Inc. or SAFETY INSURANCE GROUP INC, or pick any stock.

  • TickerUFCS on Nasdaq1
  • IndustryFire, Marine & Casualty Insurance1
  • HeadquartersCedar Rapids, Iowa1
  • Business address118 Second Ave Se, Cedar Rapids, Ia 524012
  • Filer categoryAccelerated filer2

Founded in 1946, United Fire Group, Inc. ("UFG", the "Registrant", the "Company", "we", "us", or "our") and its subsidiaries are engaged in the business of writing property and casualty insurance through a network of independent agencies. Our insurance company subsidiaries are currently licensed as property and casualty insurers in all 50 states, plus the District of Columbia. Our principal executive office is located at 118 Second Avenue SE, Cedar Rapids, Iowa 52401.4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

8.5%Net margin5
10.6%Revenue growth, 20255
12.6%Return on equity5

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Other costs89¢$1.2B
  • Interest1¢$11.3M
  • Income tax2¢$29.7M
  • Profit9¢$118.2M

Out of $1.4B in revenue.5

Where each dollar of operating cash went, fiscal 2025

  • Dividends paid6¢$16.3M
  • Kept or used elsewhere94¢$253.4M

Out of $269.7M of cash from operations.5

Financial statements

Revenue67895$1.4B in 2025+15% since 2019
0$500.0M$1.0B$1.5B2019: $1.2B$1.2B20192020: $1.1B$1.1B2020−11%2021: $1.1B$1.1B2021−0%2022: $980.3M$980.3M2022−8%2023: $1.1B$1.1B2023+12%2024: $1.3B$1.3B2024+14%2025: $1.4B$1.4B2025+11%
Net income67895$118.2M in 2025+698% since 2019
-$200.0M-$100.0M0$100.0M$200.0M2019: $14.8M$14.8M20192020: -$112.7M-$112.7M20202021: $80.6M$80.6M20212022: $15.0M$15.0M2022−81%2023: -$29.7M-$29.7M20232024: $62.0M$62.0M20242025: $118.2M$118.2M2025+91%

Every line of the income statement as filed: the last 3 fiscal years, latest first.5

Period ending2025-12-312024-12-312023-12-31
Net earned premium$1.3B$1.2B$1.0B
Net investment income$97.5M$82.0M$59.6M
Net investment gains (losses)-$3.8M-$5.4M$1.3M
Total revenues$1.4B$1.3B$1.1B
Losses and loss settlement expenses$764.4M$744.6M$769.4M
Amortization of deferred policy acquisition costs$315.3M$281.3M$245.0M
Other underwriting expenses$146.6M$140.9M$115.8M
Interest Expense$11.3M$7.3M$3.3M
Other non-underwriting expenses$875.0K$2.1M$1.7M
Total benefits, losses and expenses$1.2B$1.2B$1.1B
Income (loss) before income taxes$147.9M$77.0M-$39.7M
Income tax expense (benefit)$29.7M$15.1M-$10.0M
Net income (loss)$118.2M$62.0M-$29.7M
Basic (in dollars per share)$4.64$2.45-$1.18
Diluted (in dollars per share)$4.48$2.39-$1.18
Basic (in shares)25.5M shares25.3M shares25.2M shares
Diluted (in shares)26.4M shares25.9M shares25.2M shares

Compare UNITED FIRE GROUP INC with another company

Corporate structure

UNITED FIRE GROUP INC sits at the top of its group. 14 entities, 2 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of UNITED FIRE GROUP INC

  • VANGUARD GROUP INC Filed SCHEDULE 13G/A on UNITED FIRE GROUP INC, latest Mar 27, 2026 (6 filings since Feb 10, 2022)
  • Dee Ann McIntyre Filed SCHEDULE 13G/A on UNITED FIRE GROUP INC, latest Feb 6, 2026 (3 filings since Feb 14, 2024)
  • BlackRock Filed SCHEDULE 13G/A on UNITED FIRE GROUP INC, latest Apr 29, 2025 (5 filings since Jan 25, 2022)
  • EARNEST PARTNERS LLC Filed SC 13G/A on UNITED FIRE GROUP INC, latest Sep 10, 2024 (6 filings since Feb 11, 2022)
  • DIMENSIONAL FUND ADVISORS LP Filed SC 13G/A on UNITED FIRE GROUP INC, latest Feb 9, 2024 (3 filings since Feb 8, 2022)
  • UNITED FIRE GROUP INC Cedar Rapids, Iowa
    • Addison Insurance Company Subsidiary · Iowa, United States
    • Financial Pacific Insurance Company Subsidiary · California, United States
    • Franklin Insurance Company Subsidiary · Pennsylvania, United States
    • Lafayette Insurance Company Subsidiary · Louisiana, United States
    • McIntyre Cedar Corporate Member LLP Subsidiary · United Kingdom
    • McIntyre Cedar UK Limited Subsidiary · United Kingdom
    • Mercer Insurance Company Subsidiary · Pennsylvania, United States
    • Mercer Insurance Company of New Jersey, Inc. Subsidiary · New Jersey, United States
    • UFG Specialty Insurance Company Subsidiary · Iowa, United States
    • United Fire & Casualty Company Subsidiary · Iowa, United States
    • United Fire & Indemnity Company Subsidiary · Texas, United States
    • United Fire Lloyds Subsidiary · Texas, United States
    • United Real Estate Holdings, LLC Subsidiary · Iowa, United States

Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What UNITED FIRE GROUP INC reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Accumulated depreciation$85.6M5 Dec 31, 2025$75.9M5 Dec 31, 2024+12.8%
Property and equipment, net$132.6M5 Dec 31, 2025$136.0M5 Dec 31, 2024−2.5%
Operating-lease assets (leased space)$12.8M5 Dec 31, 2025$21.4M5 Dec 31, 2024−40.2%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$156.3M5 Dec 31, 2025$200.9M5 Dec 31, 2024−22.2%
Equity securities at fair value$09 Dec 31, 2024$55.0M9 Dec 31, 2023−100.0%
Loans, net of allowance$30.8M5 Dec 31, 2025$40.9M5 Dec 31, 2024−24.7%

Intangibles and goodwill

ItemLatestA year beforeChange
Intangible assets, net (excluding goodwill)$3.2M5 Dec 31, 2025$3.9M5 Dec 31, 2024−18.2%

Properties, in its own words

Our headquarters are located in Cedar Rapids, Iowa, where we own approximately 235,000 square feet of office and building space. In addition, we lease office and building space throughout the U.S. primarily for underwriting and claims operations in those locations. We believe our existing facilities, both owned and leased, are in good condition and suitable for the conduct of our business.

Item 2 of the 10-K filed Feb 26, 2026.4

Leadership

Who has led UNITED FIRE GROUP INC, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (40)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • Addison Insurance Company Iowa3
  • Financial Pacific Insurance Company California3
  • Franklin Insurance Company Pennsylvania3
  • Lafayette Insurance Company Louisiana3
  • McIntyre Cedar Corporate Member LLP United Kingdom3
  • McIntyre Cedar UK Limited United Kingdom3
  • Mercer Insurance Company Pennsylvania3
  • Mercer Insurance Company of New Jersey, Inc. New Jersey3
  • UFG Specialty Insurance Company Iowa3
  • United Fire & Casualty Company Iowa3
  • United Fire & Indemnity Company Texas3
  • United Fire Lloyds Texas3
  • United Real Estate Holdings, LLC Iowa3

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Former names

  • UNITED FIRE & CASUALTY CONov 14, 1995 to Feb 2, 20122

Timeline

  1. Aug 21, 20268-K Executive or director change; Regulation FD disclosure; Other events63
  2. Aug 3, 20268-K Results of operations64
  3. Jul 17, 20268-K Other events65
  4. May 26, 20268-K Executive or director change66
  5. May 20, 20268-K Shareholder vote; Regulation FD disclosure; Other events67
  6. May 5, 20268-K Results of operations68
  7. Apr 21, 20268-K Other events69
  8. Feb 11, 20268-K Results of operations; Other events70
  9. Jan 26, 20268-K Other events71
  10. Nov 21, 20258-K Other events72
  11. Nov 4, 20258-K Results of operations73
  12. Oct 23, 20258-K Other events74
  13. Aug 26, 2022New chief executive Kevin James Leidwinger becomes CEO14
  14. Feb 25, 2009New chief executive Randy A. Ramlo becomes CEO15

Calendar

Coming up

  1. Nov 3, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported $1.50 a share, on Nov 4, 2025.75

When it reported results

  1. Aug 3, 2026Reported quarterly or annual results64
  2. May 5, 2026Reported quarterly or annual results68
  3. Feb 11, 2026Reported quarterly or annual results70
  4. Nov 4, 2025Reported quarterly or annual results73
  5. Aug 5, 2025Reported quarterly or annual results76
  6. May 6, 2025Reported quarterly or annual results77
  7. Feb 11, 2025Reported quarterly or annual results78
  8. Nov 5, 2024Reported quarterly or annual results79

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

457 filings to the SEC since October 2021: 6 annual reports, 15 quarterly reports, 93 major events, 268 insider forms, 23 large holders, 52 other. The latest 20:

  1. Sep 8, 20264 PRIMARY DOCUMENT EDGAR
  2. Aug 31, 20263 PRIMARY DOCUMENT EDGAR
  3. Aug 21, 20268-K EDGAR
  4. Aug 4, 202610-Q EDGAR
  5. Aug 3, 20268-K EDGAR
  6. Jul 17, 20268-K EDGAR
  7. Jul 6, 20264 PRIMARY DOCUMENT EDGAR
  8. Jun 10, 202611-K EDGAR
  9. Jun 9, 20264 PRIMARY DOCUMENT EDGAR
  10. May 26, 20268-K EDGAR
  11. May 22, 20264 PRIMARY DOCUMENT EDGAR
  12. May 22, 20264 PRIMARY DOCUMENT EDGAR
  13. May 22, 20264 PRIMARY DOCUMENT EDGAR
  14. May 22, 20264 PRIMARY DOCUMENT EDGAR
  15. May 22, 20264 PRIMARY DOCUMENT EDGAR
  16. May 22, 20264 PRIMARY DOCUMENT EDGAR
  17. May 22, 20264 PRIMARY DOCUMENT EDGAR
  18. May 22, 20264 PRIMARY DOCUMENT EDGAR
  19. May 22, 20264 PRIMARY DOCUMENT EDGAR
  20. May 22, 20264 PRIMARY DOCUMENT EDGAR

The 457 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

62 open-market trades by officers, directors and large owners since October 2021: 29 buys and 33 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Sep 3, 2026Carlton Scott LDirectorSale9,777$55.52$542.8KForm 4
Jun 5, 2026MILLIGAN GEORGE DDirectorBuy4,500$45.23$203.5KForm 4
Mar 4, 2026Drahozal Christopher RDirectorSale4,250$38.49$163.6KForm 4
Mar 3, 2026Drahozal Christopher RDirectorSale4,250$37.94$161.2KForm 4
Mar 2, 2026McIntyre Dee Ann10% ownerSale4,250$38.84$165.1KForm 4
Mar 2, 2026Drahozal Christopher RDirectorSale4,250$38.84$165.1KForm 4
Sep 18, 2025BESONG JOHN PAUL EDirectorSale2,450$32.26$79.0KForm 4
Aug 11, 2025Martin Eric JChief Financial OfficerBuy500$29.00$14.5KForm 4
Mar 6, 2025Drahozal Christopher RDirectorSale2,500$28.33$70.8KForm 4
Mar 6, 2025McIntyre Dee Ann10% ownerSale2,500$28.33$70.8KForm 4
Mar 6, 2025McIntyre Dee Ann10% ownerSale2,500$28.33$70.8KForm 4
Mar 5, 2025Drahozal Christopher RDirectorSale2,500$28.09$70.2KForm 4
Mar 5, 2025McIntyre Dee Ann10% ownerSale2,500$28.09$70.2KForm 4
Mar 5, 2025McIntyre Dee Ann10% ownerSale2,500$28.09$70.2KForm 4
Mar 4, 2025Drahozal Christopher RDirectorSale2,500$27.31$68.3KForm 4
Mar 4, 2025McIntyre Dee Ann10% ownerSale4,250$38.49$163.6KForm 4
Mar 4, 2025McIntyre Dee Ann10% ownerSale2,500$27.31$68.3KForm 4
Mar 4, 2025McIntyre Dee Ann10% ownerSale2,500$27.31$68.3KForm 4
Mar 3, 2025McIntyre Dee Ann10% ownerSale4,250$37.94$161.2KForm 4
Feb 14, 2025MILLIGAN GEORGE DDirectorBuy3,500$26.97$94.4KForm 4

All 62 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025Kevin J. LeidwingerPresident/Chief Executive Officer$821.0K$3.9M85
2025Julie A. StephensonEVP/Chief Operating Officer$610.7K$2.3M85
2025Eric J. MartinEVP/Chief Financial Officer$514.1K$1.6M85
2025Sarah E. MadsenSVP/Chief Legal Officer$397.3K$1.1M85
2025Steven D. HernandezSVP/Chief Human Resources Officer$395.1K$936.5K85
2025Corey L RuehleSVP/Chief Claim Officer$250.7K$922.2K85
2024Kevin J. LeidwingerPresident/Chief Executive Officer$787.5K$3.6M85
2024Julie A. StephensonEVP/Chief Operating Officer$590.1K$2.1M85
2024Eric J. MartinEVP/Chief Financial Officer$496.7K$1.5M85
2024Steven D. HernandezSVP/Chief Human Resources Officer$235.3K$1.1M85
2024Sarah E. MadsenSVP/Chief Legal Officer$379.7K$1.0M85
2023Julie A. StephensonEVP/Chief Operating Officer$520.5K$3.2M85
2023Kevin J. LeidwingerPresident/Chief Executive Officer$750.0K$2.8M85
2023Eric J. MartinEVP/Chief Financial Officer$484.0K$1.1M85

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.3,492,305$183.1M0.0%+44,240
Dimensional Fund Advisors LP1,505,183$78.9M0.0%+15,215
Vanguard Capital Management LLC965,279$50.6M0.0%−1,022
State Street Corp860,633$45.1M0.0%+43,135
American Century Companies Inc721,246$37.8M0.0%+154,163
Geode Capital Management, LLC710,198$37.2M0.0%+47,898
Systematic Financial Management LP582,930$30.6M0.6%−29,466
Vanguard Portfolio Management LLC558,629$29.3M0.0%+25,927
Bank Of America Corp /de/475,517$24.9M0.0%−21,901
Invesco Ltd.433,243$22.7M0.0%+29,647
Aqr Capital Management LLC405,797$21.3M0.0%−16,257
Morgan Stanley317,680$16.7M0.0%+61,325
Royce & Associates LP250,169$13.1M0.1%+3,160
Hillsdale Investment Management Inc.241,568$12.7M0.3%+29,800
Northern Trust Corp241,255$12.7M0.0%+26,229
Charles Schwab Investment Management Inc210,176$11.0M0.0%+6,726
Bridgeway Capital Management, LLC190,184$10.0M0.2%+17,754
Connor, Clark & Lunn Investment Management Ltd.185,359$9.7M0.0%−2,428
Bank of New York Mellon Corp184,759$9.7M0.0%+4,436
Allianz Asset Management GmbH251,918$9.3M0.0%No change
Earnest Partners LLC158,487$8.3M0.0%−6,362
Panagora Asset Management Inc149,885$7.9M0.0%+77,497
Vanguard Fiduciary Trust Co145,268$7.6M0.0%+1,453
Principal Financial Group Inc134,217$7.0M0.0%+2,171
Arrowstreet Capital, Limited Partnership130,915$6.9M0.0%+8,176

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How UNITED FIRE GROUP INC is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARUNITED FIRE GROUP INC1
  • CIK0000101199
  • Employer ID (EIN)45-23028344
  • Filer statusAccelerated filer not an emerging growth company; not a smaller reporting company; not a shell company4
  • Incorporated inIowa4
  • Fiscal year endsDecember 311
  • Industry code (SIC)6331 Fire, Marine & Casualty Insurance1
  • SEC reviewing officeOffice of Finance, Division of Corporation Finance1
  • Business address118 Second Ave Se, Cedar Rapids, IA 524011
  • Mailing addressP O Box 73909, Cedar Rapids, IA 524071
  • Phone31939957001
  • Shares outstanding25,705,439 as of Jul 29, 202612
  • Public float$690.0M as of Jun 30, 20254
  • AuditorErnst & Young LLP, Des Moines, Iowa PCAOB ID 42; it also attests to the company’s internal control over financial reporting4
  • On EDGAR sinceFeb 10, 19951
  • Filings2,374 in all: 4 (1,296), 8-K (344), 10-Q (95), 13F-HR (93), SC 13G/A (93), 5 (86), 4/A (81), 3 (51)1
    All 41 form types

    10-K (25), 11-K (24), DEF 14A (20), UPLOAD (17), 144 (15), 8-K/A (15), CORRESP (15), SC 13G (15), ARS (13), DEFA14A (12), S-8 (9), 10-K405 (6), 425 (5), S-8 POS (5), SCHEDULE 13G/A (5), 3/A (4), SC 13D (4), SC 13D/A (4), 10-K/A (3), S-3/A (3), 424B5 (2), 5/A (2), S-3ASR (2), 10-K405/A (1), 15-12B (1), 25-NSE (1), 424B1 (1), 8-A12B (1), CERTNAS (1), FWP (1), NT 11-K (1), PRE 14A (1), S-3 (1)

  • Latest filingsAnnual report (10-K) Feb 26, 2026
    Quarterly report (10-Q) Aug 4, 2026
    Proxy statement (DEF 14A) Apr 7, 2026
    Latest 8-K (8-K) Aug 21, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, $0.001 par valueUFCSThe NASDAQ Global Select Market

From the cover page of the 10-K filed Feb 26, 2026 (Section 12(b) of the Exchange Act).4

Risk factors and legal proceedings

The risks UNITED FIRE GROUP INC names in Item 1A of its 10-K filed Feb 26, 2026: 19 risks under these headings, as written.4

  • The success of our strategy may be adversely impacted by various internal and external factors.
  • Our core insurance business is dependent on strong and beneficial relationships with a large network of independent insurance agents. A strain in these relationships could result in loss of sufficient business opportunities within our expertise and stated risk appetite.
  • We will be at a competitive disadvantage if, over time, our competitors are more effective in pricing their products, development of new product offering, implementation of technology or data analytics.
  • Our strategy's success could be affected by our timely ability to recognize and adapt to our position in the insurance cycle.
  • Changing weather patterns and climate change add to the unpredictability, frequency and severity of catastrophe losses and may adversely affect the results of our operations, liquidity and financial condition.
  • Underwriting
  • Our success depends primarily on our ability to underwrite risks effectively and adequately price the risks we insure.
  • We may be unable to predict the rising cost of insurance claims resulting from changing societal expectations that lead to increasing litigation, broader definitions of liability, broader contract interpretations, more plaintiff-friendly legal decisions and larger compensatory jury awards.
  • Our reserves for property and casualty insurance losses and loss settlement expenses are based on estimates and may be inadequate, adversely impacting our financial results.
  • We insure property that is exposed to various natural perils that can give rise to significant claims costs.
  • We are subject to certain risks related to our investment portfolio that could negatively affect our profitability.
  • A downgrade in our financial strength or issuer credit ratings could result in a loss of business and could have a material adverse effect on our financial condition, results of operations and liquidity.
The other 8 risks
  • We may be unable to secure reinsurance capacity that provides necessary risk protection at a reasonable cost.
  • We may be unable to attract, retain or effectively manage the succession of key personnel.
  • Unauthorized data access, cyber attacks and other security breaches could have an adverse impact on our business and reputation.
  • We are subject to comprehensive laws and regulations, which may have an adverse effect on our financial condition and results of operations.
  • Macroeconomic conditions could materially and adversely affect our business, results of our operations, financial condition, and growth.
  • Shareholders
  • Our stock price could become more volatile, and your investment could lose value.
  • Efforts to disrupt the structure, management or ownership of the Company could diminish the value of our common stock.
  • The ability of our subsidiaries to pay dividends may affect our liquidity and ability to meet our obligations.

Legal proceedings

In the normal course of its business, the Company is a party to a variety of legal proceedings. While the final outcome of these legal proceedings cannot be predicted with certainty, management believes all of the proceedings pending as of December 31, 2025 to be ordinary and routine and does not expect these legal proceedings to have a material adverse effect on the Company's financial position or results of operations.

The opening of Item 3, Legal Proceedings.4

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