United Fire Group, Inc · NASDAQ:UFCS
United Fire — Investor Presentation (March 2021)
9 slides from United Fire's investor presentation, Mar 2, 2021
Slide 1: UFG Insurance Investor Presentation, March 2, 2021
Exhibit 99.2 ufs|O) UFG INSURANCE INVESTOR PRESENTATION MARCH 2, 2021
Slide 2: Forward-Looking Statements
Forward-Looking Statements ‘This presentation may contain forward-looking statements about our operations, strategic plan, expensive initiatives, anticipated performance and other similarmatters. The Private Securities Litigation Reform Act of 1995 provides a safe harbor under the Securities ‘Act of
Slide 3: Strategic Plan: "One UFG boldly forward"
IVESTOR PRESENTATION- MARCH 2, 2021 | BL UFG INSURANCI Strategic Plan: "One UFG boldly forward" = Several initiatives aimed at long-term profitability, diversification and growth in profitable lines, and innovation. = Portfolio managementinitiatives include diversifying our book of business and targ
Slide 4: Pricing & Retention Strategy
| BL UFG INSURANCE — INVESTOR PRESENTATION- MARCH 2, 2024 | Pricing & Retention Strategy = Primarily focused on commercial auto, property, umbrella = Auto — unit reduction, rate increase ™ Property — rate increase, reduce undesirable exposures = Umbrella — rate increase, limits reduction
Slide 5: Commercial Auto Moving Average Frequency and Exposure Units
Commercial Auto Moving Average Frequency and Exposure Units wl a lm Moving Average of Claims Frequency Moving Average of Exposure Units oh 10)
Slide 6: New Business Premium Breakdown
IVESTOR PRESEN’ IARCH 2, 2021 | BL UFG INSURANCE New Business Premium Breakdown 32% 24% @ 2019 23% ™ 2020 24% 13% Inland Marine Auto BOP % 6 10)
Slide 7: Claim Counts of Major Commercial Casualty Lines
il UFG INSURANCE — INVESTOR PRESEN’ Claim Counts of Major Commercial Casualty Lines CABI+PD Liability Claims Counts CGLBI+PD Liability Claims Counts Claims down 39% Feb YTD 2021 vs Feb YTD 2020 Claims down 19% Feb YTD 2021 vs Feb YTD 2020 1000 350 800 a 250 600 oi 400 150 on 100 50 &a 0 eS s FFP KS
Slide 8: Claim Counts of Major Commercial Casualty Lines
INVESTOR PRESEN | BL UFG INSURANCI Claim Counts of Major Commercial Casualty Lines BOP Liability Claims Counts Work Comp Claim Counts Claims down 28% Feb YTD 2021 vs Feb YTD 2020 Claims down 29% Feb YTD 2021 vs Feb YTD 2020 80 0 Ly i 20 2021 #2020 w2018 2021 #2020 w2018 ufglg)
Slide 9: 2021 Notables
| BL UFG INSURANCE — INVESTOR PRESENTATION- MARCH 2, 2024 | 2021 Notables = Texas winter storm event (February 2021) = Significant CAT event for UFG based on initial estimates = Reminder: UFG CAT loss retention is $20 million per event = Expense initiatives = Agent commission structure adjustments =
United Fire Group — Investor Presentation (March 2021) on 6ix