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United Fire Group UFCS Reinsurance recoverables

Reinsurance recoverables at other companies

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$8.01B-0.6%
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$3.92B-6.6%

Other financials

Income statement

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Revenue$369.4M+11.6%
Net income$30.1M+69.8%
EPS (diluted)$1.15+71.6%

Balance sheet

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Cash & equivalents$162.0M-11.8%
Total debt$146.3M
Total equity$950.6M+16.3%
Total assets$3.9B+10.8%

Cash flow

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Operating cash flow$56.6M+58.7%
CapEx$384.0K-84.6%
Free cash flow$56.2M+69.5%

Valuation

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Market cap$1.41B+92.9%
Enterprise value$1.4B
P/E10.8×+2.8×
P/S+0.4×

Profitability

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Net margin9.2%+4.0pp
FCF margin20.1%-5.4pp

Returns & leverage

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Return on equity14.8%+6.3pp
Debt / equity0.2×

Where this comes from

Reported directly by United Fire Group in its filing.

Tagged under the XBRL concept us-gaap:ReinsuranceRecoverablesOnPaidAndUnpaidLosses.

The source filing: United Fire Group’s 10-Q, filed May 6, 2026.

Filed
May 6, 2026, 1:59 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0000101199-26-000031
Line itemMarch 31,2026December 31,2025
Premiums receivable (net of allowance for doubtful accounts of $1,762 and $1,899)546,378497,920
Deferred policy acquisition costs162,728158,184
Property and equipment, at cost (less accumulated depreciation of $86,636 and $85,555)130,160132,631
Reinsurance receivables (net of allowance for credit losses of $121 and $121)230,009238,508
Prepaid reinsurance premiums30,29832,357
Intangible assets3,0203,197
Deferred tax asset14,10415,448
Income taxes receivable532

ITEM 1. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

FAQ

What is United Fire Group's reinsurance recoverables?
United Fire Group (UFCS) reported reinsurance recoverables of $230.01M in Q1 2026.
How has United Fire Group's reinsurance recoverables changed year-over-year?
United Fire Group's reinsurance recoverables decreased by 1.0% year-over-year, from $232.22M to $230.01M.
What is the long-term trend for United Fire Group's reinsurance recoverables?
Over 5 years (2020 to 2025), United Fire Group's reinsurance recoverables has grown at a 8.2% compound annual growth rate (CAGR), from $160.54M to $238.51M.
What does reinsurance recoverables mean?
This represents the portion of insurance claims and related expenses that the company expects to recover from its reinsurers under existing reinsurance agreements. It is a critical measure of the company's reliance on third-party risk transfer and the creditworthiness of its reinsurance partners.

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