UFG

AM Best Assigns Issue Credit Rating to United Fire Group, Inc.’s New Senior Unsecured Notes

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星期三, 六月 5, 2024
Insurance, Professional Services, Credit, UFCS, Tax, UFG, Credit rating, AM Best, ALL, News, Good, Security (finance)

AM Best has assigned a Long-Term Issue Credit Rating of “bbb-” (Good) to recently issued $70 million, 9% senior unsecured notes due May 31, 2039, of United Fire Group, Inc. (UFG) (Cedar Rapids, IA) [NASDAQ: UFCS].

Key Points: 
  • AM Best has assigned a Long-Term Issue Credit Rating of “bbb-” (Good) to recently issued $70 million, 9% senior unsecured notes due May 31, 2039, of United Fire Group, Inc. (UFG) (Cedar Rapids, IA) [NASDAQ: UFCS].
  • Concurrently, AM Best has withdrawn the indicative rating on the previously forthcoming debt following confirmation that the note has been issued.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings .
  • AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry.

United Fire Group announces completion of debt offering

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星期一, 六月 3, 2024
UFG, UFCS, Regulation, Insurance, Person, Sale, Ares, Growth, Offering

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.

United Fire Group, Inc. Declares a Common Stock Quarterly Cash Dividend of $0.16 per Share

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星期三, 五月 15, 2024
UFCS, 225th, UFG, Holding company

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.

United Fire Group, Inc. Reports First Quarter 2024 Results

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星期二, 五月 7, 2024
UFCS, Comparable, Insurance, UFG, GAAP, Policy

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.

United Fire Group, Inc. Declares a Common Stock Quarterly Cash Dividend of $0.16 per Share

Retrieved on: 
星期五, 二月 23, 2024
224th, UFG, UFCS, Holding company

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.

United Fire Group, Inc. Reports Fourth Quarter and Full Year 2023 Results

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星期二, 二月 13, 2024
Growth, UFCS, UFG, GAAP, Comparable, Specialization, Policy, Workforce, Insurance, Partnership

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.

New to The Street Leadership Series Announces Its Interviews of Two Business Leaders, Matt Higgins and Ray Titus; Show Airs on Bloomberg TV as Sponsored Programming on Saturday, December 30, 2023, at 6:30 PM ET

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星期五, 十二月 29, 2023
Celebrity, Boat, Family, Dream, Learning, Instinct, GED, Fear, QR, Bloomberg Television, Poverty, NFL, Sport, Food, UFG, History, Management

Executive Coach, Media Personality, and Author Matt Doherty and business TV Host Jane King , who co-hosts the show, welcome two (2) business guests who share their extraordinary leadership experiences:

Key Points: 
  • Executive Coach, Media Personality, and Author Matt Doherty and business TV Host Jane King , who co-hosts the show, welcome two (2) business guests who share their extraordinary leadership experiences:
    2).
  • He became an executive for two NFL teams, has appeared on the "Shark Tank" business show, and is the CEO of RSE Ventures.
  • Recognized domestically and internationally as a successful and positive leader, Ray continues to assist many in successful franchise ownership.
  • Viewers and others interested in learning more about Ray Titus can visit https://unitedfranchisegroup.com/ or scan the QR code during the show.

UFG Appoints Kelly Walsh Chief Underwriting Officer

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星期五, 十二月 15, 2023
UFCS, UFG, Mathematics, University, Insurance, CNA Financial, MBA, Statistics, Management

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.

United Fire Group, Inc. Declares a Common Stock Quarterly Cash Dividend of $0.16 per Share

Retrieved on: 
星期五, 十一月 17, 2023
UFCS, UFG, 223rd, Holding company

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.

United Fire Group, Inc. Reports Third Quarter 2023 Results

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星期三, 十一月 1, 2023
UFCS, Growth, Insurance, Policy, UFG, Video game, Reinsurance

CEDAR RAPIDS, Iowa, Nov. 01, 2023 (GLOBE NEWSWIRE) -- United Fire Group, Inc. (Nasdaq: UFCS),

Key Points: 
  • Net investment income of $16.5 million increased 41.8% compared to the third quarter of 2022.
  • Book value per common share decreased 13.0% to $25.53 as of September 30, 2023, compared to December 31, 2022.
  • “Our third quarter results show signs of improvement while we continue to execute strategies to strengthen our Company.
  • Rate achievement increased across all lines of business from the second quarter of 2023, excluding workers' compensation, with property rates increasing 17.3%.