United Fire Group, Inc · NASDAQ:UFCS
United Fire — Q2 2025 Earnings Presentation
7 slides from United Fire's earnings presentation, Aug 6, 2025
Slide 1: Second Quarter 2025 Results
SECOND QUARTER 2025 RESULTS August 6, 2025
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 ▪ Strong second quarter net income of $23M, or $0.87 per share with adjusted operating income per share of $0.90 ▪ Year-to-date ROE improved to 10% ▪ Net written premium grew 14% to a record $373M ▪ Combined ratio of 96.4%, the best second quarter result in more than 1
Slide 4: P&C Trends
P&C TRENDS Net written premium ($M) ▪ Net written premium grew 14% to a record $373M $400,000 $350,000 $373 ▪ All combined ratio elements improved compared to prior year $300,000 $321 $326 $335 in second quarter $306 $250,000 $279 $200,000 ▪ Underlying loss ratio improved from ongoing benefits of $1
Slide 5: P&C Production Results
P&C PRODUCTION RESULTS 86% ▪ Q2 growth led by core commercial, where net 20% 82% 82% 82% 81% 81% written premium increased 20% from prior year 18% Retention 16% 12.7% 14% 10.9% 12.3% 12.2% 11.7% ▪ Core commercial rate increases of 7.6% Renewal premium change 12% 9.4% continued to exceed loss trends,
Slide 6: Investment Portfolio
INVESTMENT PORTFOLIO Investment portfolio composition & quality ▪ Q2 invested assets of $2.2B, with 89% of invested assets Portfolio Composition Fixed Maturity Credit Rating in fixed income securities Rating % of Portfolio Other & Long- Term AAA 28.8% ▪ High-quality portfolio with average credit rat
Slide 7: Investment Income
INVESTMENT INCOME Results ▪ Fixed maturity income increased 34% above prior year Second Quarter Year to Date due to portfolio management actions and reinvestment of (In Millions) 2025 2024 Change 2025 2024 Change portfolio proceeds at yields above portfolio average Investment income: ▪ New purchase