A Business at a Glance
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UNITED FIRE GROUP INC
UFCS
$1.4B
Mkt Cap
$51.33
+3.86%
UNITED FIRE GROUP INC (UFCS) has a current P/E ratio of 11.5, compared to its historical median P/E of 18.5. The stock is currently considered Fair based on its historical valuation range.
UNITED FIRE GROUP INC (UFCS) has a 5-year average return on invested capital (ROIC) of 5.6%. This is below average and may indicate limited pricing power.
UNITED FIRE GROUP INC (UFCS) has a market capitalization of $1.3B. It is classified as a small-cap stock.
Yes, UNITED FIRE GROUP INC (UFCS) pays a dividend with a trailing twelve-month yield of 1.32%.
Based on historical P/E analysis, UNITED FIRE GROUP INC (UFCS) appears fair. The current P/E of 11.5 is 38% below its historical median of 18.5. The estimated fair value CAGR (P/E method) is 25.0%.
UNITED FIRE GROUP INC (UFCS) operates in the Fire, Marine & Casualty Insurance industry, within the Financials sector.
UNITED FIRE GROUP INC (UFCS) reported annual revenue of $1.4 billion in its most recent fiscal year, based on SEC EDGAR filings.
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. The Company owns 100 percent of United Fire & Casualty Company ("UF&C"), which owns 100 percent of eight subsidiaries: (1) Addison Insurance Company; (2) Lafayette Insurance Company; (3) United Fire & Indemnity Company; (4) Mercer Insurance Company; (5) Financial Pacific Insurance Company; (6) UFG Specialty Insurance Company; (7) United Real Estate Holdings LLC and (8) McIntyre Cedar UK Limited.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 1.4B | 1.4B | 1.3B | 1.1B | 980M | 1.1B |
| Net Income | 131M | 118M | 62M | -30M | 15M | 81M |
| EPS | $5.11 | $4.48 | $2.39 | $-1.18 | $0.59 | $3.16 |
| Free Cash Flow | 286M | 263M | 328M | 161M | -3.4M | 16M |
| ROIC | 0.0% | 13.0% | 7.8% | -4.0% | 1.9% | 9.2% |
| Gross Margin | - | 10.7% | 6.1% | -3.6% | 1.2% | 9.1% |
| Debt/Equity | 0.15 | 0.03 | 0.09 | 0.00 | 0.00 | 0.00 |
| Dividends/Share | $0.68 | $0.64 | $0.64 | $0.64 | $0.63 | $0.60 |
| Operating Income | 0 | 148M | 77M | -40M | 12M | 97M |
| Operating Margin | 0.0% | 10.7% | 6.1% | -3.6% | 1.2% | 9.1% |
| ROE | 13.7% | 13.7% | 8.2% | -4.0% | 1.9% | 9.5% |
| Shares Outstanding | 26M | 26M | 26M | 25M | 25M | 26M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 942M | 899M | 996M | 1.1B | 1.1B | 1.2B | 1.1B | 1.1B | 980M | 1.1B | 1.3B | 1.4B | 1.4B |
| Gross Margin | 8.1% | 12.8% | 5.8% | 1.5% | -0.9% | 1.4% | -15.9% | 9.1% | 1.2% | -3.6% | 6.1% | 10.7% | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| EBIT | 76M | 115M | 57M | 16M | -9.2M | 17M | -170M | 97M | 12M | -40M | 77M | 148M | 0 |
| Op. Margin | 8.1% | 12.8% | 5.8% | 1.5% | -0.9% | 1.4% | -15.9% | 9.1% | 1.2% | -3.6% | 6.1% | 10.7% | 0.0% |
| Net Income | 59M | 89M | 50M | 51M | 28M | 15M | -113M | 81M | 15M | -30M | 62M | 118M | 131M |
| Net Margin | 6.3% | 9.9% | 5.0% | 4.8% | 2.6% | 1.2% | -10.5% | 7.6% | 1.5% | -2.7% | 4.9% | 8.5% | 9.2% |
| Non-Recurring | 0 | 0 | 0 | 0 | 35M | 0 | 15M | 0 | 0 | 0 | 0 | 0 | 0 |
| Returns on Capital | |||||||||||||
| ROIC | 7.4% | 10.5% | 5.5% | 5.3% | 3.0% | 1.6% | -12.6% | 9.2% | 1.9% | -4.0% | 7.8% | 13.0% | 0.0% |
| ROE | 7.4% | 10.5% | 5.5% | 5.3% | 3.0% | 1.6% | -13.0% | 9.5% | 1.9% | -4.0% | 8.2% | 13.7% | 13.7% |
| ROA | 1.6% | 2.3% | 1.3% | 1.2% | 0.8% | 0.5% | -3.7% | 2.7% | 0.5% | -1.0% | 1.9% | 3.2% | 3.3% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 151M | 190M | 214M | 170M | 110M | 94M | 41M | 30M | -1.3M | 172M | 340M | 270M | 291M |
| Free Cash Flow | 143M | 180M | 207M | 153M | 77M | 61M | 23M | 16M | -3.4M | 161M | 328M | 263M | 286M |
| Owner Earnings | 142M | 181M | 205M | 161M | 100M | 76M | 30M | 20M | -12M | 158M | 324M | 250M | 270M |
| CapEx | 8.2M | 9.7M | 7.6M | 17M | 33M | 32M | 19M | 14M | 2.1M | 11M | 12M | 6.4M | 4.3M |
| Maint. CapEx | 6.9M | 6.5M | 6.0M | 4.6M | 5.2M | 11M | 6.7M | 6.6M | 7.7M | 11M | 11M | 11M | 11M |
| Growth CapEx | 1.3M | 3.2M | 1.6M | 13M | 28M | 21M | 12M | 7.4M | 0 | 378K | 966K | 0 | 0 |
| D&A | 6.9M | 6.5M | 6.0M | 4.6M | 5.2M | 11M | 6.7M | 6.6M | 7.7M | 11M | 11M | 11M | 11M |
| CapEx/OCF | 5.4% | 5.1% | 3.5% | 10.1% | 30.0% | 34.6% | 45.5% | 46.7% | N/A | 6.3% | 3.5% | 2.4% | 1.5% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 20M | 22M | 25M | 27M | 105M | 33M | 29M | 15M | 16M | 16M | 16M | 16M | 17M |
| Dividend Yield | 3.8% | 3.6% | 3.0% | 3.1% | 10.3% | 3.2% | 4.5% | 2.4% | 2.3% | 2.9% | 2.9% | 2.1% | 1.3% |
| Share Buybacks | 13M | 2.4M | 3.7M | 30M | 5.4M | 12M | 2.7M | 2.0M | 0 | 0 | 0 | 0 | 0 |
| Buyback Yield | 2.4% | 0.3% | 0.4% | 3.3% | 0.5% | 1.2% | 0.5% | 0.4% | N/A | N/A | N/A | N/A | 0.0% |
| Stock-Based Comp | 1.9M | 2.5M | 3.7M | 4.8M | 5.2M | 6.2M | 5.0M | 3.4M | 2.8M | 3.2M | 5.5M | 9.0M | 9.9M |
| Debt Repayment | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3.1M | 1.1M | 1.1M |
| Balance Sheet | |||||||||||||
| Net Debt | -2.9B | -2.8B | -1.4B | -1.5B | -1.7B | -1.7B | -1.9B | -132M | -97M | -102M | -131M | -126M | -16M |
| Cash & Equiv. | 67M | 89M | 89M | 96M | 64M | 121M | 88M | 132M | 97M | 102M | 201M | 156M | 162M |
| Long-Term Debt | 0 | N/A | N/A | N/A | 0 | 0 | 50M | 0 | 0 | 0 | 70M | 30M | 146M |
| Debt/Equity | 0.01 | 0.11 | 0.11 | 0.10 | 0.11 | 0.11 | 0.06 | 0.00 | 0.00 | 0.00 | 0.09 | 0.03 | 0.15 |
| Interest Coverage | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 30.4 | 3.8 | -12.2 | 10.6 | 13.1 | 13.1 |
| Equity | 817M | 879M | 942M | 973M | 888M | 910M | 825M | 879M | 740M | 734M | 782M | 941M | 951M |
| Total Assets | 3.9B | 3.9B | 4.1B | 4.2B | 2.8B | 3.0B | 3.1B | 3.0B | 2.9B | 3.1B | 3.5B | 3.8B | 3.9B |
| Total Liabilities | 3.0B | 3.0B | 3.1B | 3.2B | 1.9B | 2.1B | 2.2B | 2.1B | 2.1B | 2.4B | 2.7B | 2.9B | 3.0B |
| Intangibles | 11M | 10M | 9.6M | 8.9M | 8.2M | 7.5M | 6.7M | 6.0M | 5.3M | 4.6M | 3.9M | 3.2M | 3.0M |
| Retained Earnings | 524M | 591M | 616M | 609M | 715M | 697M | 556M | 621M | 621M | 575M | 620M | 722M | 747M |
| Working Capital | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Per Share Data | |||||||||||||
| EPS | 2.32 | 3.53 | 1.93 | 1.99 | 1.08 | 0.58 | -4.50 | 3.16 | 0.59 | -1.18 | 2.39 | 4.48 | 5.11 |
| Owner EPS | 5.59 | 7.17 | 7.91 | 6.27 | 3.89 | 2.99 | 1.19 | 0.78 | -0.46 | 6.28 | 12.49 | 9.47 | 10.51 |
| Book Value | 32.07 | 34.81 | 36.43 | 37.96 | 34.70 | 35.63 | 32.95 | 34.47 | 29.05 | 29.15 | 30.15 | 35.67 | 37.06 |
| Cash Flow/Share | 5.94 | 7.53 | 8.29 | 6.63 | 4.30 | 3.67 | 1.65 | 1.17 | -0.05 | 6.82 | 13.13 | 10.22 | 5.53 |
| Dividends/Share | 0.78 | 0.86 | 0.97 | 1.09 | 4.21 | 1.30 | 1.14 | 0.60 | 0.63 | 0.64 | 0.64 | 0.64 | 0.68 |
| Shares Out. | 25.5M | 25.2M | 25.9M | 25.6M | 25.6M | 25.6M | 25.0M | 25.5M | 25.5M | 25.2M | 25.9M | 26.4M | 25.7M |
| Valuation | |||||||||||||
| P/E Ratio | 9.0 | 8.0 | 19.3 | 17.6 | 42.2 | 63.4 | N/A | 6.8 | 43.0 | N/A | 11.7 | 8.1 | 10.0 |
| P/FCF | 3.7 | 3.9 | 4.7 | 5.9 | 15.1 | 15.3 | 24.6 | 34.4 | N/A | 3.0 | 2.2 | 3.7 | 4.6 |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Price/Book | 0.7 | 0.8 | 1.0 | 0.9 | 1.3 | 1.0 | 0.7 | 0.6 | 0.9 | 0.7 | 0.9 | 1.0 | 1.4 |
| Price/Sales | 0.5 | 0.7 | 0.8 | 0.8 | 1.0 | 0.8 | 0.6 | 0.6 | 0.7 | 0.5 | 0.4 | 0.6 | 0.9 |
| FCF Yield | 26.8% | 25.3% | 21.5% | 17.0% | 6.6% | 6.5% | 4.1% | 2.9% | -0.5% | 33.2% | 45.4% | 27.4% | 21.7% |
| Market Cap | 534M | 712M | 964M | 898M | 1.2B | 939M | 555M | 549M | 646M | 485M | 723M | 961M | 1.3B |
| Avg. Price | 20.22 | 24.06 | 31.24 | 33.88 | 40.07 | 39.45 | 25.28 | 24.56 | 26.88 | 22.11 | 21.74 | 29.31 | 51.33 |
| Year-End Price | 20.94 | 28.20 | 37.28 | 35.03 | 45.54 | 36.77 | 22.18 | 21.52 | 25.34 | 19.28 | 27.89 | 36.44 | 51.33 |
UNITED FIRE GROUP INC passes 3 of 9 quality checks, indicating weak fundamentals.
UNITED FIRE GROUP INC trades at 11.5x trailing earnings, compared to its 15-year median P/E of 18.5x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 5.0x vs a median of 5.9x. The company's 5-year average ROIC is 5.6% with a gross margin of 4.7%. Total shareholder yield (dividends) is 1.3%. At current prices, the estimated annualized return to fair value is +31.7%.
UNITED FIRE GROUP INC (UFCS) has a net profit margin of 8.5%. This is a modest margin.
UNITED FIRE GROUP INC (UFCS) generated $263 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
UNITED FIRE GROUP INC (UFCS) has a debt-to-equity ratio of 0.03. This indicates a conservatively financed balance sheet.
UNITED FIRE GROUP INC (UFCS) reported earnings per share (EPS) of $4.48 in its most recent fiscal year.
UNITED FIRE GROUP INC (UFCS) has a return on equity (ROE) of 13.7%. This indicates moderate shareholder returns.
UNITED FIRE GROUP INC (UFCS) has a 5-year average gross margin of 4.7%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 17 years of financial data for UNITED FIRE GROUP INC (UFCS), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
UNITED FIRE GROUP INC (UFCS) has a book value per share of $35.67, based on its most recent annual SEC filing.