United Fire Group, Inc · NASDAQ:UFCS
United Fire — Q1 2026 Earnings Presentation
7 slides from United Fire's earnings presentation, May 6, 2026
Slide 1: First Quarter 2026 Results
FIRST QUARTER 2026 RESULTS May 6, 2026
Slide 2: Safe Harbor Statement and Non-GAAP Measures
SAFE HARBOR STATEMENT AND NON-GAAP MEASURES This presentation 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 Securitie
Slide 3: Consolidated Financial Results
CONSOLIDATED FINANCIAL RESULTS ▪ Achieved record net written premium, improved underwriting profit, increased investment income and the highest first quarter earnings per share in seven years ▪ Return on equity increased to approximately 13% ▪ Net written premium grew to a record $377M ▪ Combined ra
Slide 4: P&C Trends
P&C TRENDS Net written premium ($M) 600 500 ▪ Net written premium increased 12% in the first 400 quarter driven by core commercial growth and $373 $377 lower ceded reinsurance premiums 300 $335 $328 $310 200 ▪ First quarter combined ratio improved 3.8 points to 100 95.6% with lower expense ratio and
Slide 5: P&C Production Results
P&C PRODUCTION RESULTS 20% 81% 86% 86% 85% 83% ▪ First quarter net written premium growth driven by an 18% 11% increase in core commercial, achieved through Retention 16% 14% 11.7% broader access to new business opportunities from Renewal premium change 12% 9.4% strengthened distribution relationshi
Slide 6: Investment Portfolio
INVESTMENT PORTFOLIO Investment portfolio composition & quality Portfolio Composition Fixed Maturity Credit Rating Rating % of Portfolio ▪ First quarter total invested assets of Other & Long- Term AAA 26% Partnerships 11% AA 39% $2.5B, with 89% of invested assets in A 23% fixed income securities Baa
Slide 7: Investment Income
INVESTMENT INCOME Results ▪ First quarter net investment income increased 15%, with 18% growth in fixed maturity income ▪ Fixed maturity income growth driven by a combination of portfolio growth and ongoing investment at yields above portfolio average ▪ New purchase yield of 5.0% continued to exceed