NASDAQ$UFCS

United Fire Group Inc · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

United Fire Group reported net income of $0.54 per diluted share and adjusted operating income of $0.35 per diluted share.

United Fire Group, Inc. reported a consolidated net income of $13.8 million, or $0.54 per diluted share, for the second quarter of 2021, compared to a net income of $6.0 million, or $0.24 per diluted share, for the same period in 2020. The company's adjusted operating income was $0.35 per diluted share for the second quarter of 2021, compared to $0.26 per diluted share for the same period in 2020.

  • Net income was $0.54 per diluted share in Q2 2021, compared to $0.24 per diluted share in Q2 2020.
  • Adjusted operating income was $0.35 per diluted share in Q2 2021, compared to $0.26 per diluted share in Q2 2020.
  • Net premiums earned decreased by 14.8% to $224.7 million in Q2 2021, compared to $263.6 million in Q2 2020.
  • GAAP combined ratio decreased to 100.8% for Q2 2021, compared to 111.4% in Q2 2020.

Headline financials

Total Revenue

$244M

Previous: $298M-17.9%
EPS (adj)

$0.35

Previous: -$0.26+234.6%
Combined Ratio

100.8%

Previous: 111.4%-9.5%
Book Value Per Share

$33.42

No prior period
Free Cash Flow

$13.8M

Previous: $5.96M+130.7%
Net Income

$13.8M

Previous: $5.96M+130.7%
Operating Income

-$38.3M

Previous: -$53.4M+28.4%
Gross Profit

-$7M

Previous: -$13.5M+48.2%
Cash & Equivalents

$119M

Previous: $146M-19.0%
Total Assets

$3.06B

Previous: $3.03B+0.8%
Stock-Based Comp

$1.11M

Previous: $1.29M-14.5%

Revenue & EPS history

United Fire Group · Revenue · Quarterly

$244M

Q2 2021-17.9%vs Q2 2020
Beat estimate in 9 of 16 quarters(56%)
ActualEstimate

Revenue by segment

United Fire Group · $222M total across 2 segments · Q3 2023

  • Commercial Lines
    $220M+1.7%
  • Personal Lines
    $1.62M+201.3%

Forward guidance

This release may contain forward-looking statements about our operations, anticipated performance and other similar matters. The Private Securities Litigation Reform Act of 1995 provides a safe harbor under the Securities Act of 1933 and the Securities Exchange Act of 1934 for forward-looking statements.

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 Q2 2021

Historical avgQ2 2021

-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

Earnings price reactions
QuarterReport dateReaction (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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