United Fire Group, Inc. (UFCS) — Financial statements
Income statement, balance sheet, and cash flow for United Fire Group, Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 1,386↑10.7% | 1,252↑14.0% | 1,098↑11.1% | 988↓6.5% | 1,056 | |
| Cost of Revenue | 764↓25.5% | 1,026↑1.1% | 1,014↑19.3% | 850↓0.6% | 856 | |
| Gross Profit | 622↑175.3% | 226↑169.2% | 84↓39.1% | 138↓31.4% | 201 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Selling & Marketing Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Other Expenses | 474↑218.4% | 149↑20.4% | 124↓1.7% | 126↑20.9% | 104 | |
| Operating Expenses | 474↑218.4% | 149↑20.4% | 124↓1.7% | 126↑20.9% | 104 | |
| Total Costs & Expenses | 1,238↑5.4% | 1,175↑3.2% | 1,138↑16.6% | 976↑1.7% | 960 | |
| Operating Results | ||||||
| Operating Income | 148↑92.0% | 77↑293.9% | -40↓428.9% | 12↓87.5% | 97 | |
| Depreciation & Amortization | 0.00↓100.0% | 11↑3.8% | 11↑37.0% | 8↑16.7% | 7 | |
| EBITDA | 159↑67.2% | 95↑466.9% | -26↓213.2% | 23↓78.5% | 107 | |
| EBIT | 159↑88.8% | 84↑331.2% | -36↓338.9% | 15↓84.7% | 100 | |
| Interest & Other Income | ||||||
| Net Interest Income | -11↓114.2% | 79↑22.7% | 65↑10.5% | 58↑12.7% | 52 | |
| Interest Income | 0.00↓100.0% | 86↑27.5% | 68↑10.1% | 62↑12.0% | 55 | |
| Interest Expense | 11↑54.7% | 7↑123.3% | 3↑2.3% | 3↑0.0% | 3 | |
| Non-Operating Income | -11↓54.7% | -7↓123.3% | -3↓2.3% | -3↓0.0% | -3 | |
| Other Income / Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Income Before Tax | 148↑92.0% | 77↑293.9% | -40↓428.9% | 12↓87.5% | 97 | |
| Income Tax Expense | 30↑97.3% | 15↑250.5% | -10↓239.2% | -3↓118.2% | 16 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 118↑90.8% | 62↑308.6% | -30↓297.6% | 15↓81.3% | 81 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 118↑90.8% | 62↑308.6% | -30↓297.6% | 15↓81.3% | 81 | |
| Bottom-Line Net Income | 118↑90.8% | 62↑308.6% | -30↓297.6% | 15↓81.3% | 81 | |
| EPS (Basic) | 4.48↑82.9% | 2.45↑307.6% | -1.18↓296.7% | 0.60↓81.3% | 3.21 | |
| EPS (Diluted) | 4.48↑87.4% | 2.39↑302.5% | -1.18↓300.0% | 0.59↓81.3% | 3.16 | |
| Weighted Average Shares | 26↑4.2% | 25↑0.2% | 25↓0.8% | 25↑1.5% | 25 | |
| Weighted Average Diluted Shares | 26↑1.8% | 26↑2.6% | 25↓0.3% | 25↑0.9% | 25 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.