United Fire Group UFCS Concentration Risk %

Segments

Southern Atlantic45.8%+10.4%

East South Central22.3%+26.7%

East North Central10.2%+29.1%

West North Central8.8%+27.5%

Middle Atlantic6.5%+27.5%

Mountain6.4%+30.6%

Revenue$369.4M+11.6%

Net income$30.1M+69.8%

EPS (diluted)$1.15+71.6%

Cash & equivalents$162.0M-11.8%

Total debt$146.3M—

Total equity$950.6M+16.3%

Total assets$3.9B+10.8%

Operating cash flow$56.6M+58.7%

CapEx$384.0K-84.6%

Free cash flow$56.2M+69.5%

Market cap$1.29B+76.8%

Enterprise value$1.27B—

P/E9.9×-1.1×

P/S0.9×+0.3×

Net margin9.2%+4.0pp

FCF margin20.1%-5.4pp

Return on equity14.8%+6.3pp

Debt / equity0.2×—