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United Fire & Casualty Company offers insurance protection for people’s businesses, homes, vehicles and lives, including business insurance (commercial insurance and surety bonds) and individual insurance (personal insurance, life insurance and annuities). The complete line of products includes commercial insurance, personal insurance, life insurance and surety bonds. The Company is licensed as a property and casualty insurer in 43 states, plus the District of Columbia, and as a life insurer in 28 states. Its subsidiary, United Life Insurance Company, is licensed in 36 states, represented by more than 900 independent life insurance agencies. 

TypePublic
Founded1937
HQCedar Rapids, IA, US
Websiteufginsurance.com
Employee Ratings4.3

Latest Updates

Employees (est.) (Dec 2018)1,160(+10%)
Job Openings50
Revenue (FY, 2020)$1.1 B(-11%)
Share Price (Sept 2021)$23.5(-3%)
Cybersecurity ratingAMore

Key People/Management at United Fire Group

Randy A. Ramlo

Randy A. Ramlo

President and Chief Executive Officer
Michael T. Wilkins

Michael T. Wilkins

Executive Vice President and Chief Operating Officer
Dawn M. Jaffray

Dawn M. Jaffray

Executive Vice President and Chief Financial Officer
Neal R. Scharmer

Neal R. Scharmer

Vice President, General Counsel and Corporate Secretary
Brian Joseph Frese

Brian Joseph Frese

Vice President and Chief Technology Officer
Jeremy Joseph Bahl

Jeremy Joseph Bahl

Vice President and Chief Underwriting Officer
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United Fire Group Office Locations

United Fire Group has offices in Cedar Rapids, Metairie, Pennington, Phoenix and in 3 other locations
Cedar Rapids, IA, US (HQ)
118 2nd Ave SE
Metairie, LA, US
2800 Veterans Memorial Blvd #253
Pennington, NJ, US
10 NJ-31, Pennington, NJ 08534, USA
Phoenix, AZ, US
US Bank Tower, 101 N 1st Ave #1750
Rocklin, CA, US
3880 Atherton Rd
Webster, TX, US
455 E Medical Center Blvd
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United Fire Group Financials and Metrics

United Fire Group Revenue

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United Fire Group's revenue was reported to be $1.07 b in FY, 2020
USD

Revenue (Q1, 2021)

300.7m

Gross profit (Q1, 2021)

94.3m

Gross profit margin (Q1, 2021), %

31.4%

Net income (Q1, 2021)

18.7m

EBIT (Q1, 2021)

18.7m

Market capitalization (8-Sept-2021)

591.1m

Closing stock price (8-Sept-2021)

23.5

Cash (31-Dec-2020)

87.9m
United Fire Group's current market capitalization is $591.1 m.
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Cash

144.5m107.5m92.2m90.6m106.4m110.9m95.6m64.5m120.7m87.9m

Accounts Receivable

621.0k

Inventories

3.3b

PP&E

45.6m43.1m47.2m49.2m53.2m69.0m97.2m117.0m129.9m
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Net Income

11.0k40.2m76.1m59.1m89.1m49.9m51.0m27.7m14.8m(112.7m)

Depreciation and Amortization

5.6m8.0m5.6m6.9m6.5m6.0m4.6m5.2m11.2m6.7m

Cash From Operating Activities

74.4m172.1m161.5m151.3m190.0m214.4m170.1m110.1m93.8m41.4m

Purchases of PP&E

(172.6m)
Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Net Income

(12.1m)(16.9m)19.2m33.9m42.6m37.9m49.6m13.3m24.0m24.3m23.7m38.7m58.2m22.4m25.5m37.9m19.9m22.9m5.0m45.8m45.9m57.0m44.5m40.3m38.0m(72.5m)(66.6m)(103.8m)18.7m

Depreciation and Amortization

1.7m2.6m2.3m3.7m6.0m2.9m4.1m2.3m3.8m5.4m1.6m3.2m7.7m1.6m3.2m4.9m1.2m2.3m3.5m1.2m2.3m4.0m1.2m2.6m4.2m1.6m3.3m5.0m1.6m

Cash From Operating Activities

40.8m54.6m35.9m75.1m125.3m70.4m118.0m18.5m55.2m87.3m13.9m91.3m124.4m35.3m81.1m128.1m39.2m112.1m116.3m23.6m65.6m69.2m10.7m36.3m56.2m(2.5m)4.2m(12.9m)19.5m

Purchases of PP&E

(172.6m)(171.4m)(7.1m)(12.0m)(15.5m)
USDQ2, 2011

Debt/Equity

0.1 x

Financial Leverage

5.1 x
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United Fire Group Operating Metrics

United Fire Group's Reported Claims, units was reported to be 49.5 k in FY, 2016.
FY, 2014FY, 2015FY, 2016

Reported Claims, units

45.41 k46.27 k49.47 k
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United Fire Group Revenue Breakdown

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United Fire Group revenue breakdown by business segment: 8.5% from Life Insurance and 91.5% from Property & Casualty Insurance

United Fire Group Cybersecurity Score

Cybersecurity ratingPremium dataset

A

94/100

SecurityScorecard logo

United Fire Group Online and Social Media Presence

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United Fire Group News and Updates

United Fire Group, Inc. Reports Second Quarter 2021 Results

CEDAR RAPIDS, Iowa, Aug. 04, 2021 (GLOBE NEWSWIRE) -- United Fire Group, Inc. (Nasdaq: UFCS),

United Fire Group, Inc. Reports First Quarter 2021 Results

CEDAR RAPIDS, Iowa, May 05, 2021 (GLOBE NEWSWIRE) -- United Fire Group, Inc. (Nasdaq: UFCS),

United Fire Group, Inc. Updates Catastrophe Loss Estimates for First Quarter 2021

CEDAR RAPIDS, Iowa, April 30, 2021 (GLOBE NEWSWIRE) -- United Fire Group, Inc. (the "Company" or "UFG") (Nasdaq: UFCS) announced today that the first quarter 2021 results include estimated pre-tax catastrophe losses of $29 million. The higher than average catastrophe losses in the first quarter of…

United Fire Group, Inc. Announces Its 2021 First Quarter Earnings Call

CEDAR RAPIDS, Iowa, April 08, 2021 (GLOBE NEWSWIRE) -- United Fire Group, Inc. (Nasdaq: UFCS) (the "Company", "UFG", "we", or "our") announced today that its 2021 first quarter earnings results will be released before the market opens on May 5, 2021. An earnings call will be held at 9:00 a.m. cent…

United Fire Group, Inc. to Participate in the Sidoti & Company Investor Conference

CEDAR RAPIDS, Iowa, March 23, 2021 (GLOBE NEWSWIRE) -- United Fire Group, Inc. (Nasdaq: UFCS) ("UFG"), today announced that the Company will be participating in the Sidoti & Company Virtual Investor Conference being held on March 24 and 25, 2021. UFG's management team is scheduled to present a…

United Fire Group, Inc. to Participate in the 46th Annual AIFA Conference

CEDAR RAPIDS, Iowa, March 01, 2021 (GLOBE NEWSWIRE) -- Management of United Fire Group, Inc. (Nasdaq: UFCS) ("UFG") will hold one-on-one meetings at the Association of Insurance and Financial Analysts (AIFA) Conference on Tuesday March 2, 2021. During the one-on-one meetings, management will prese…
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United Fire Group Frequently Asked Questions

  • When was United Fire Group founded?

    United Fire Group was founded in 1937.

  • Who are United Fire Group key executives?

    United Fire Group's key executives are Randy A. Ramlo, Michael T. Wilkins and Dawn M. Jaffray.

  • How many employees does United Fire Group have?

    United Fire Group has 1,160 employees.

  • What is United Fire Group revenue?

    Latest United Fire Group annual revenue is $1.1 b.

  • What is United Fire Group revenue per employee?

    Latest United Fire Group revenue per employee is $921.2 k.

  • Who are United Fire Group competitors?

    Competitors of United Fire Group include Tokio Marine, Zurich Insurance and China Life Insurance.

  • Where is United Fire Group headquarters?

    United Fire Group headquarters is located at 118 2nd Ave SE, Cedar Rapids.

  • Where are United Fire Group offices?

    United Fire Group has offices in Cedar Rapids, Metairie, Pennington, Phoenix and in 3 other locations.

  • How many offices does United Fire Group have?

    United Fire Group has 7 offices.