NASDAQ$UFCS
United Fire Group Inc · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
Reported first quarter results with net income increasing due to underwriting income and higher investment income.
United Fire Group reported a strong first quarter in 2024, with net income increasing to $13.5 million, driven by improved underwriting results and higher investment income. Net written premiums grew by 17.6% to $321.3 million, and the GAAP combined ratio improved to 98.9%.
- Net income increased to $13.5 million, driven by underwriting income and higher investment income.
- Net premiums written increased 17.6% to $321.3 million.
- GAAP combined ratio improved to 98.9%, with an underlying combined ratio of 94.3%.
- Net investment income increased 28.5% to $16.3 million.
Headline financials
Revenue & EPS history
United Fire Group · Revenue · Quarterly
$296M
Revenue by segment
United Fire Group · $222M total across 2 segments · Q3 2023
- Commercial Lines$220M+1.7%99.3%
- Personal Lines$1.62M+201.3%0.7%
Forward guidance
Throughout 2024, UFG will continue to focus on the strategic execution of its business plan to drive continued improvement in performance.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2024
-0.0%
Avg return
Earnings day
+1.1%
Avg return
5 days after
+2.4%
Avg return
30 days after
43%
28 / 65 earnings
Positive
+27.4%
Q3 2024
Best reaction
-14.6%
Q4 2016
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +8.0% | +21.7% | +13.4% | |
| Q4 2025 | +7.2% | +8.9% | +2.0% | |
| Q3 2025 | +14.7% | +17.3% | +13.0% | |
| Q1 2025 | -4.6% | -2.4% | -0.7% | |
| Q4 2024 | +2.2% | +5.7% | +16.2% | |
| Q3 2024 | +27.4% | +25.3% | +62.4% | |
| Q2 2024 | -9.4% | -8.1% | -1.6% | |
| Q1 2024 | +1.4% | +1.8% | -8.8% | |
| Q4 2023 | +12.0% | +9.1% | -2.6% | |
| Q3 2023 | -2.5% | -1.2% | +5.4% | |
| Q2 2023 | -3.2% | -4.4% | -8.5% | |
| Q1 2023 | -10.1% | -10.6% | -14.0% | |
| Q4 2022 | -6.4% | +1.0% | -7.9% | |
| Q3 2022 | -4.3% | +3.4% | +6.9% | |
| Q2 2022 | -13.8% | -9.4% | -9.6% | |
| Q1 2022 | -2.3% | -4.7% | +4.4% | |
| Q4 2021 | +26.2% | +26.8% | +23.7% | |
| Q3 2021 | -3.9% | -2.3% | -4.1% | |
| Q2 2021 | +3.9% | +9.5% | +3.4% | |
| Q1 2021 | +7.0% | +5.4% | +1.3% | |
| Q4 2020 | -2.6% | -4.3% | +12.9% | |
| Q3 2020 | -7.7% | +0.7% | +12.7% | |
| Q2 2020 | +4.4% | +12.1% | -4.7% | |
| Q1 2020 | -0.9% | -1.7% | +15.7% | |
| Q4 2019 | -0.0% | -3.4% | -31.1% | |
| Q3 2019 | -4.7% | -5.7% | -7.6% | |
| Q2 2019 | -10.2% | -11.5% | -12.3% | |
| Q1 2019 | +6.6% | +6.2% | +9.0% | |
| Q4 2018 | -8.9% | -13.3% | -21.3% | |
| Q3 2018 | -8.3% | -9.9% | -2.3% | |
| Q2 2018 | -11.9% | -11.5% | -9.8% | |
| Q1 2018 | +3.5% | +1.4% | +13.7% | |
| Q4 2017 | +8.0% | +10.9% | +18.9% | |
| Q3 2017 | +1.4% | +0.1% | +0.1% | |
| Q2 2017 | -1.4% | -1.8% | -5.6% | |
| Q1 2017 | -0.9% | -1.8% | +0.9% | |
| Q4 2016 | -14.6% | -14.3% | -10.0% | |
| Q3 2016 | -3.3% | -1.7% | +15.2% | |
| Q2 2016 | -0.3% | +1.3% | +3.6% | |
| Q1 2016 | -11.7% | — | — | |
| Q4 2015 | +8.2% | — | — | |
| Q3 2015 | +8.3% | — | — | |
| Q2 2015 | +3.0% | — | — | |
| Q1 2015 | +0.7% | — | — | |
| Q4 2014 | -1.6% | — | — | |
| Q3 2014 | -3.9% | — | — | |
| Q2 2014 | -0.8% | — | — | |
| Q1 2014 | -2.0% | — | — | |
| Q4 2013 | +9.4% | — | — | |
| Q3 2013 | -9.6% | — | — | |
| Q2 2013 | +4.9% | — | — | |
| Q1 2013 | +2.1% | — | — | |
| Q4 2012 | +0.8% | — | — | |
| Q3 2012 | -5.3% | — | — | |
| Q2 2012 | +14.3% | — | — | |
| Q1 2011 | +0.8% | — | — | |
| Q1 2012 | +1.8% | — | — | |
| Q4 2009 | -0.7% | — | — | |
| Q4 2011 | -0.7% | — | — | |
| Q4 2010 | -0.7% | — | — | |
| Q3 2010 | +1.8% | — | — | |
| Q3 2011 | +1.8% | — | — | |
| Q2 2011 | -8.7% | — | — | |
| Q2 2010 | -8.7% | — | — | |
| Q1 2010 | -1.6% | — | — |
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