United Fire Group Inc chart

Last update: 2022-12-30
Key statistics and financials
Revenue per share 38.70
Dividend & Yield0.64$ (2.17%)
Beta 0.03
Market capitalization 756.68M
Operating cash flow -18.06M
ESG Scores unknown

Company description

United Fire Group, Inc., together with its subsidiaries, provides property and casualty insurance for individuals and businesses in the United States. The company offers commercial and personal lines of property and casualty insurance; and commercial multiple peril and inland marine insurance, as well as assumed reinsurance products. Its commercial policies include fire and allied lines, other liability, automobile, workers' compensation, and fidelity and surety coverage; and personal lines comprise automobile, and fire and allied lines coverage, including homeowners. The company sells its products through a network of independent agencies. United Fire Group, Inc. was founded in 1946 and is headquartered in Cedar Rapids, Iowa.

Sector: Financial Services - Industry: Insurance—Property & Casualty

Financial Ratios
Quick Ratio0.58
Working Capital-0.17
Return On Equity0.09
Debt To Equity0.06
Fixed Asset Ratio0.05
Fixed Interest Cover31.39

Financial data

Financial Statements

Cashflow Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Change To Liabilities 16.78M 12.13M -32.8M -25.58M
Total Cashflows From Investing Activities -19.2M 4.5M -92.87M 31.73M
Net Borrowings 50M 50M 50M
Total Cash From Financing Activities -115.19M -41.98M 18.66M -17.49M
Change To Operating Activities 76.22M 97.26M 68.74M -79.71M
Issuance Of Stock 7.17M 2.38M
Net Income 27.65M 14.82M -112.71M 80.59M
Change In Cash -31.11M 56.27M -32.77M 44.16M
Effect Of Exchange Rate
Total Cash From Operating Activities 110.1M 93.75M 41.44M 29.92M
Depreciation 5.17M 11.19M 6.66M 6.57M
Change To Account Receivables -18.31M -10.81M 40.34M 521k
Other Cashflows From Financing Activities -11.55M -71k -71k -421k
Change To Netincome 11.6M -26.69M 118.21M 13.7M
Capital Expenditures -33.05M -32.43M -18.86M -13.98M

Income Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Research Development
Income Before Tax -9.15M 16.88M -169.51M 96.84M
Net Income 27.65M 14.82M -112.71M 80.59M
Selling General Administrative
Gross Profit -9.15M 16.88M -154.42M 100.03M
Ebit -9.15M 16.88M -154.42M 100.03M
Operating Income -9.15M 16.88M -154.42M 100.03M
Interest Expense -3.19M -3.19M -3.19M -3.19M
Income Tax Expense -11.4M 2.06M -56.81M 16.25M
Total Revenue 1.07B 1.2B 1.07B 1.07B
Cost Of Revenue 1.08B 1.18B 1.22B 966.16M
Total Other Income ExpenseNet -15.09M -3.19M
Net Income From Continuing Ops 2.25M 14.82M -112.71M 80.59M
Net Income Applicable To Common Shares 27.65M 14.82M -112.71M 80.59M

Balance Sheet Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Total Liabilities 1.93B 2.1B 2.24B 2.13B
Total Stockholder Equity 888.38M 910.47M 825.15M 879.12M
Other Current Liabilities 492.92M 505.16M 464.85M 439.73M
Total Assets 2.82B 3.01B 3.07B 3.01B
Common Stock 25k 25k 25k 25k
Other Current Assets 77.11M 87.55M 175.16M 141.21M
Retained Earnings 715.47M 697.12M 555.85M 621.38M
Treasury Stock -30.47M 13.15M 66.91M 54.34M
Cash 64.45M 120.72M 87.95M 132.1M
Total Current Liabilities 1.93B 2.07B 2.16B 1.1B
Other Stockholder Equity -30.47M 13.15M 66.91M 54.34M
Property, Plant, and Equipment 97.19M 132.4M 148.49M 167.53M
Total Current Assets 523.9M 610.08M 659.73M 632.07M
Net Tangible Assets 865.12M 887.93M 818.41M 873.09M
Net Receivables 361.86M 376.82M 383.49M 349.15M
Accounts Payable 1.31B 1.42B 1.58B 576.48M


Insider Transactions

Here are the insider transactions of stock shares related to United Fire Group Inc:

Filer Name Transaction Text Ownership Date Filer Relation Shares
GREEN MARK A.Purchase at price 28.31 per share.D2022-11-07Director1.8k
MILLIGAN GEORGE DPurchase at price 28.74 per share.D2022-09-06Director5k
WOOLSTENHULME MICAH GPurchase at price 29.07 - 29.10 per share.D2022-08-10Officer1k
MARTIN ERIC J.Purchase at price 27.93 per share.I2022-08-08Chief Financial Officer500
MILLIGAN GEORGE DStock Award(Grant) at price 0.00 per share.D2022-05-18Director1.91k
NOYCE JAMES WStock Award(Grant) at price 0.00 per share.D2022-05-18Director1.91k
DRAHOZAL CHRISTOPHER RStock Award(Grant) at price 0.00 per share.D2022-05-18Director1.91k
SKOGMAN KYLE DStock Award(Grant) at price 0.00 per share.D2022-05-18Director1.91k
BESONG JOHN PAUL EStock Award(Grant) at price 0.00 per share.D2022-05-18Director1.91k
WILKINS MICHAEL TStock Award(Grant) at price 0.00 per share.D2022-05-18Chief Operating Officer2.7k
RAMLO RANDY AStock Award(Grant) at price 0.00 per share.D2022-05-18Chief Executive Officer1.91k
CARLTON SCOTT LStock Award(Grant) at price 0.00 per share.D2022-05-18Director1.91k
VOSS SUSAN EStock Award(Grant) at price 0.00 per share.D2022-05-18Director1.91k
GREEN MARK A.Stock Award(Grant) at price 0.00 per share.D2022-05-18Director1.91k
CLANCY BRENDA KAYStock Award(Grant) at price 0.00 per share.D2022-05-18Director1.91k
MCBRIDE LURA EStock Award(Grant) at price 0.00 per share.D2022-05-18Director1.91k
WOOLSTENHULME MICAH GStock Award(Grant) at price 0.00 per share.D2022-05-18Officer4.76k
MARTIN ERIC J.Stock Award(Grant) at price 29.57 per share.D2022-05-18Chief Financial Officer10k
FORAN MATTHEW R.Stock Award(Grant) at price 0.00 per share.D2022-05-18Director1.91k
SKOGMAN KYLE DConversion of Exercise of derivative security at price 21.09 per share.D2022-05-17Director1k
SKOGMAN KYLE DSale at price 30.28 per share.D2022-05-13Director1.15k
SKOGMAN KYLE DConversion of Exercise of derivative security at price 21.09 per share.D2022-05-13Director1.15k
MCBRIDE LURA EPurchase at price 29.64 per share.D2022-05-12Director500
QUASS MARY KSale at price 30.10 per share.D2022-05-10Director2.15k
QUASS MARY KConversion of Exercise of derivative security at price 21.09 per share.D2022-05-10Director2.15k
NOYCE JAMES WSale at price 30.42 per share.D2022-05-09Director2.15k
NOYCE JAMES WConversion of Exercise of derivative security at price 21.09 per share.D2022-05-09Director2.15k
MARTIN ERIC J.Purchase at price 30.33 per share.D2022-05-09Chief Financial Officer1k
MARTIN ERIC J.Stock Award(Grant) at price 0.00 per share.D2022-04-18Chief Financial Officer2.26k
HELBING KEVIN WStock Award(Grant) at price 0.00 per share.D2022-02-18Chief Financial Officer102
CATALDO ROBERT FRANCISStock Award(Grant) at price 0.00 per share.D2022-02-18Chief Investment Officer1.69k
RUEHLE COREY LYNN JR.Stock Award(Grant) at price 0.00 per share.D2022-02-18Officer1.06k
WOOLSTENHULME MICAH GStock Award(Grant) at price 0.00 per share.D2022-02-18Officer1.48k
PATTEN RANDY LStock Award(Grant) at price 0.00 per share.D2022-02-18Chief Financial Officer102
SCHARMER NEAL RStock Award(Grant) at price 0.00 per share.D2022-02-17General Counsel1.17k
WILKINS MICHAEL TStock Award(Grant) at price 0.00 per share.D2022-02-15Chief Operating Officer1.84k
WILKINS MICHAEL TStock Award(Grant) at price 0.00 per share.D2022-02-15Chief Operating Officer2.76k
SCHARMER NEAL RStock Award(Grant) at price 0.00 per share.D2022-02-15General Counsel691
SCHARMER NEAL RStock Award(Grant) at price 0.00 per share.D2022-02-15General Counsel1.04k
RAMLO RANDY AStock Award(Grant) at price 0.00 per share.D2022-02-15Chief Executive Officer3.46k
RAMLO RANDY AStock Award(Grant) at price 0.00 per share.D2022-02-15Chief Executive Officer5.18k
CATALDO ROBERT FRANCISStock Award(Grant) at price 0.00 per share.D2022-02-15Chief Investment Officer691
CATALDO ROBERT FRANCISStock Award(Grant) at price 0.00 per share.D2022-02-15Chief Investment Officer1.04k
RUEHLE COREY LYNN JR.Stock Award(Grant) at price 0.00 per share.D2022-02-15Officer461
RUEHLE COREY LYNN JR.Stock Award(Grant) at price 0.00 per share.D2022-02-15Officer690
WOOLSTENHULME MICAH GPurchase at price 22.50 per share.D2021-11-08Officer2k
MILLIGAN GEORGE DPurchase at price 22.88 per share.D2021-09-17Unknown4k
CARLTON SCOTT LSale at price 22.73 per share.D2021-09-10Director6.33k
WOOLSTENHULME MICAH GPurchase at price 25.33 per share.D2021-09-02Officer500
CARLTON SCOTT LSale at price 30.72 per share.D2021-05-26Director2.25k
MILLIGAN GEORGE DStock Award(Grant) at price 0.00 per share.D2021-05-19Director1.85k

Insider transaction explanations

Insider buying is the legal purchase of shares by a senior executive or director of a company. "Filer Name" corresponds to the name of the stock buyer or seller. "Transaction Text" describes the transaction. "Ownership" gives information about the transaction type. "Date" is the reported transaction date. "Filer Relation" gives the role of the insider in the company. "Shares" is the value of the transaction. You will find the complete description of the General Transaction Codes on the SEC dedicated page


Investment strategy backtesting

These are the result of three automatic investment systems applied to United Fire Group Inc. You will find the performance of an systematic investment system, a momentum strategy, and a buy the dip trading strategy.


Systematic investment results on United Fire Group Inc

Here is the result of two systematic investment strategies applied to United Fire Group Inc. The first strategy automatically buys the first day of the month, and the second strategy buys the fifteenth day of the month.

Systematic investment equity curve on United Fire Group Inc

The following chart shows the equity curve of the two systematic investment strategies applied to United Fire Group Inc:

United Fire Group Inc automated entries

The systematic investment strategy that buys the first day of the month would give a performance of -34.31% on the backtest period.

Performance at glance

Performance

-34.31 %

Latent gain

-787.81 $

Invested capital

2296.46 $

Annualized return

-8.29 %
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Momentum strategy results on United Fire Group Inc

This is the result of two momentum investment strategies applied to United Fire Group Inc. The first strategy uses a momentum signal calculated on one quarter, and the second uses a momentum signal calculated on two quarters.

Momentum entry openings on United Fire Group Inc

The following chart shows all the entries opened by the momentum investment system on United Fire Group Inc:

United Fire Group Inc momentum entries
  • The first momentum investment strategy would give -31.74% of return on United Fire Group Inc. That represents -1413.82$ of latent gain with 4454.33$ of employed capital.
  • The second momentum investment strategy would give -40.98% of return on United Fire Group Inc. That represents -934.69$ of latent gain with 2280.87$ of employed capital.
Performance at glance (1Q Momentum)

Performance

-31.74 %

Latent gain

-1413.82 $

Invested capital

4454.33 $

Annualized return

-14.86 %
Performance at glance (2Q Momentum)

Performance

-40.98 %

Latent gain

-934.69 $

Invested capital

2280.87 $

Annualized return

-11.2 %

Momentum equity curve on United Fire Group Inc

The following chart shows the equity curve of the two momentum strategies applied to United Fire Group Inc:

United Fire Group Inc momentum equity

Note: the dividends potentially given by United Fire Group Inc are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on United Fire Group Inc

The following chart shows the employed capital evolution of the two momentum strategies on United Fire Group Inc since the beginning:

United Fire Group Inc

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Buy the dip strategy result on United Fire Group Inc

Buy the dip entry openings on United Fire Group Inc

United Fire Group Inc

The performance achieved by the robo-advisor on United Fire Group Inc is -31.8%. That represents -162.31$ of latent gain with 510.46$ of employed capital. The following chart shows United Fire Group Inc stock price with all the entries opened by the automated investment system.

Note: The blue line represents the weekly stock price of United Fire Group Inc, and the green triangles represent the entry openings. The artificall robo-advisor needs at least 100 weeks of trading history to work.

Performance at glance

Performance

-31.8 %

Latent gain

-162.31 $

Invested capital

510.46 $

Annualized return

-14.86 %

Equity curve of the strategy applied to United Fire Group Inc

The following chart shows the result of the investment strategy applied to United Fire Group Inc:

United Fire Group Inc

Note: the dividends potentially given by United Fire Group Inc are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on United Fire Group Inc

The following chart shows the employed capital evolution since the beginning of the investment strategy on United Fire Group Inc:

United Fire Group Inc

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Investment strategies comparison on United Fire Group Inc

In this section, I will compare the three previous investment strategies applied to United Fire Group Inc.

Equity curve comparison on United Fire Group Inc

The following chart shows the equity curve of the artificall advisor, the trend folowing and the automatic investment strategies:

United Fire Group Inc investment strategy comparison

Employed capital comparison on United Fire Group Inc

United Fire Group Inc investment comparison

Performance comparison on United Fire Group Inc

Strategy Latent Profit Growth Employed capital CAGR
Automatic investment -34.31% -787.81$ 2296.46$ -8.29%
Momentum 1 quarter -31.74% -1413.82$ 4454.33$ -8.14%
Momentum 2 quarters -40.98% -934.69$ 2280.87$ -11.2%
Non-directional -31.8% -162.31$ 510.46$ -14.86%
Annualized return comparison

Automatic investment

-8.29 %

Momentum 1Q

-11.2 %

Momentum 2Q

-11.2 %

Non-directional

-14.86 %

Correlated stocks

Here are the most positively and negatively correlated stocks with United Fire Group Inc:

Note: The algorithm computes the probability of correlation between United Fire Group Inc and the other stocks. There may be false positives or some missing correlated stocks. If the price of United Fire Group Inc does not vary for 36 weeks, the correlation calculation result will be wrong.


Company information

Company name United Fire Group Inc
Country United States
City Cedar Rapids
Address 118 Second Avenue SE
Phone 319 399 5700
Website www.ufginsurance.com
FullTime employees 1086
Industry Insurance—Property & Casualty
Sector Financial Services
Exchange XNAS
Ticker UFCS
Market www.nasdaq.com

United Fire Group Inc ESG Scores

Environment scores

Environment ESG Factors Scores
Environment Score 0
Peer Environment Performance unknown
Environment Percentile unknown
Palm Oil unknown
Nuclear unknown
Fur Leather unknown
GMO unknown
Coal unknown
Pesticides unknown
Animal Testing unknown

Social scores

Social ESG Factors Scores
Social Score 0
Peer Social Performance unknown
Social Percentile unknown
Highest Controversy unknown
Peer Highest Controversy Performance unknown
Adult unknown
Gambling unknown
Alcoholic unknown
Tobacco unknown
Catholic unknown
Controversial Weapons unknown
Small Arms unknown
Military Contract unknown
Peer Count unknown

Related Controversy:


Governance scores

Governance ESG Factors Scores
Governance Score 0
Peer Governance Performance unknown
Governance Percentile unknown

ESG at glance
Total ESG Scores: unknown
Environment Score: 0
Social Score: 0
Governance Score: 0

ESG Performance: unknown

Peer Group: unknown

Peer Esg Score Performance: unknown

Rating Year: unknown

Rating Month: unknown

Max Age: unknown

Percentile: unknown