UFCS

MKT CAP:$1B

United Fire Group, Inc.

Market Cap

$1B

Financial Services·Insurance - Property & Casualty·🇺🇸 United States·NASDAQ

Financials·Insurance·🇺🇸·NASDAQ

Stock Price

$40.08+$4.50 (+12.65%)

Apr 20, 2026

Company Details

United Fire Group, Inc., together with its subsidiaries, provides property and casualty insurance for individuals and businesses in the United States. The company offers commercial and personal lines of property and casualty insurance; and ...

CEO

Kevin James Leidwinger

IPO Date

Mar 18, 1980

Website

www.ufginsurance.com

Key Metrics TTM

Revenue

$1.4B

+10.8% YoY

Net Income

$118M

EPS (Diluted)

$4.48

Free Cash Flow

$263M

Revenue / Share

$52.46

Gross Margin

28.1%

Operating Margin

10.7%

Net Margin

8.5%

FCF Margin

19.0%

P/S

0.7x

P/E

8.7x

Earnings Reports

Q1 2026

May 5, 2026

PENDING

FY 2025

Feb 26, 2026

$1.4B+10.7%EPS $4.48

Q4 2025

Feb 26, 2026

$366M+10.3%EPS $1.45

Q3 2025

Nov 5, 2025

$354M+9.6%EPS $1.49

Q2 2025

Aug 6, 2025

$337M+11.8%EPS $0.87

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 22	$245M	$64M	$35M
Q2 22	$220M	$15M	-$14M
Q3 22	$236M	$55.0K	-$31M
Q4 22	$288M	$58M	$23M
Q1 23	$267M	$33M	-$1.0K
Q2 23	$267M	-$43M	-$72M
Q3 23	$274M	$38M	$8M
Q4 23	$290M	$56M	$24M
Q1 24	$296M	$51M	$16M
Q2 24	$301M	$32M	-$4M
Q3 24	$323M	$64M	$25M
Q4 24	$332M	$78M	$40M
Q1 25	$331M	$64M	$22M
Q2 25	$337M	$68M	$29M
Q3 25	$354M	$84M	$49M
Q4 25	$366M	$173M	$48M

Valuation

Quarter	P/S	P/E
Q1 22	1.0x	11.4x
Q2 22	1.1x	15.6x
Q3 22	1.1x	19.6x
Q4 22	1.0x	68.5x
Q1 23	1.0x	—
Q2 23	1.0x	—
Q3 23	0.9x	—
Q4 23	0.9x	—
Q1 24	0.9x	—
Q2 24	0.9x	28.0x
Q3 24	0.9x	20.5x
Q4 24	0.8x	16.6x
Q1 25	0.8x	15.6x
Q2 25	0.8x	11.2x
Q3 25	0.8x	9.3x
Q4 25	0.7x	8.7x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	$2M	-$915.0K
Q2 22	-$17M	-$15M
Q3 22	-$14M	-$17M
Q4 22	$29M	$29M
Q1 23	-$7M	-$9M
Q2 23	$45M	$42M
Q3 23	$112M	$109M
Q4 23	$22M	$19M
Q1 24	$36M	$34M
Q2 24	$91M	$88M
Q3 24	$56M	$53M
Q4 24	$156M	$153M
Q1 25	$36M	$33M
Q2 25	$53M	$52M
Q3 25	$61M	$59M
Q4 25	$120M	$119M

Capital Expenditures

Quarter	CapEx
Q1 22	$3M
Q2 22	$3M
Q3 22	$3M
Q4 22	$538.0K
Q1 23	$3M
Q2 23	$3M
Q3 23	$2M
Q4 23	$3M
Q1 24	$3M
Q2 24	$3M
Q3 24	$3M
Q4 24	$3M
Q1 25	$2M
Q2 25	$2M
Q3 25	$2M
Q4 25	$655.0K

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 22	-18.5%	-24.4%
Q2 22	-10.2%	+2.4%
Q3 22	-5.2%	+1.5%
Q4 22	+9.6%	+39.3%
Q1 23	+9.0%	+27.0%
Q2 23	+21.7%	+45.3%
Q3 23	+16.3%	-0.5%
Q4 23	+0.7%	+0.2%
Q1 24	+10.8%	+4.7%
Q2 24	+12.8%	-10.1%
Q3 24	+17.9%	+12.2%
Q4 24	+14.3%	+9.8%
Q1 25	+11.9%	+10.6%
Q2 25	+11.8%	+0.8%
Q3 25	+9.6%	+2.5%
Q4 25	+10.3%	+8.7%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$979.0K	0.4%
Q2 22	$0	0.0%
Q3 22	$828.0K	0.4%
Q4 22	$236.0K	0.1%
Q1 23	$1M	0.4%
Q2 23	$1M	0.4%
Q3 23	$949.0K	0.3%
Q4 23	$122.0K	0.0%
Q1 24	$1M	0.4%
Q2 24	$2M	0.5%
Q3 24	$1M	0.3%
Q4 24	$2M	0.5%
Q1 25	$2M	0.5%
Q2 25	$2M	0.6%
Q3 25	$2M	0.7%
Q4 25	$0	0.0%

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$110M	$275.0K	$110M
Q2 22	$92M	$275.0K	$92M
Q3 22	$53M	$275.0K	$53M
Q4 22	$97M	$275.0K	$97M
Q1 23	$53M	$275.0K	$54M
Q2 23	$80M	$1.6B	$1.6B
Q3 23	$69M	$0	$69M
Q4 23	$102M	$100.0K	$102M
Q1 24	$218M	$407M	$625M
Q2 24	$153M	$658M	$811M
Q3 24	$197M	$788M	$986M
Q4 24	$201M	$927M	$1.1B
Q1 25	$184M	$590.0K	$184M
Q2 25	$202M	$249.0K	$202M
Q3 25	$234M	$1.0B	$1.2B
Q4 25	$156M	$1.1B	$1.3B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 22	25M	+0.1%	-0.2%
Q2 22	25M	-0.7%	-1.1%
Q3 22	25M	+0.2%	+0.4%
Q4 22	25M	+1.1%	+0.7%
Q1 23	26M	+0.1%	+0.7%
Q2 23	25M	-1.0%	+0.4%
Q3 23	26M	+1.3%	+1.5%
Q4 23	25M	-0.4%	-0.0%
Q1 24	26M	+1.5%	+1.3%
Q2 24	25M	-2.0%	+0.3%
Q3 24	26M	+2.4%	+1.3%
Q4 24	26M	+0.3%	+2.0%
Q1 25	26M	+1.0%	+1.6%
Q2 25	26M	+0.6%	+4.3%
Q3 25	26M	0.0%	+1.8%
Q4 25	26M	+0.2%	+1.8%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 22	$208.9K	1K
Q2 22	$187.2K	1K
Q3 22	$200.8K	1K
Q4 22	$245.6K	1K
Q1 23	$227.7K	1K
Q2 23	$227.7K	1K
Q3 23	$233.5K	1K
Q4 23	$247.4K	1K
Q1 24	$252.3K	1K
Q2 24	$256.8K	1K
Q3 24	$275.3K	1K
Q4 24	$282.8K	1K
Q1 25	$282.3K	1K
Q2 25	$286.9K	1K
Q3 25	$301.8K	1K
Q4 25	$311.9K	1K

Revenue / Employee