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United Fire Group UFCS Amortization of deferred policy acquisition costs
Amortization of deferred policy acquisition costs at other companies
Other financials
Where this comes from
Reported directly by United Fire Group in its filing.
Tagged under the XBRL concept ufcs:DeferredPolicyAcquisitionCostAmortizationExpenseAndAmortizationOfValueOfBusinessAcquiredVoba.
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
| (In thousands, except share data) | Three months ended March 31, 2026 | Three months ended March 31, 2025 |
|---|---|---|
| Total revenues | $369,442 | $331,115 |
| Benefits, Losses and Expenses | ||
| Losses and loss settlement expenses | $208,125 | $189,696 |
| Amortization of deferred policy acquisition costs | 82,041 | 77,354 |
| Other underwriting expenses | 37,567 | 39,586 |
| Interest expense | 3,183 | 2,483 |
| Other non-underwriting expenses | 514 | 142 |
| Total benefits, losses and expenses | $331,430 | $309,261 |
ITEM 1. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
FAQ
- What is United Fire Group's amortization of deferred policy acquisition costs?
- United Fire Group (UFCS) reported amortization of deferred policy acquisition costs of $82.04M in Q1 2026.
- How has United Fire Group's amortization of deferred policy acquisition costs changed year-over-year?
- United Fire Group's amortization of deferred policy acquisition costs increased by 6.1% year-over-year, from $77.35M to $82.04M.
- What is the long-term trend for United Fire Group's amortization of deferred policy acquisition costs?
- Over 4 years (2021 to 2025), United Fire Group's amortization of deferred policy acquisition costs has grown at a 11.6% compound annual growth rate (CAGR), from $203.43M to $315.32M.
- What does amortization of deferred policy acquisition costs mean?
- This represents the systematic recognition of costs incurred to acquire new insurance policies, such as commissions and underwriting expenses, over the life of the policy. By deferring and amortizing these costs, the company aligns expenses with the period in which the related premiums are earned. This metric provides insight into the efficiency of the company's sales and distribution strategy.
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