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United Fire Group UFCS Commercial other liability — Year 3

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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$1.4B+83.6%
Enterprise value$1.38B
P/E10.7×+2.4×
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:ShortdurationInsuranceContractsHistoricalClaimsDurationYearThree.

The source filing: United Fire Group’s 10-K, filed February 26, 2026.

Filed
Feb 26, 2026, 12:49 PM EST
Fiscal year
FY2025
Accession
0000101199-26-000015
Line itemAverage annual percentage payout of incurred claims by age, net of reinsurance / Year 1Average annual percentage payout of incurred claims by age, net of reinsurance / Year 2Average annual percentage payout of incurred claims by age, net of reinsurance / Year 3Average annual percentage payout of incurred claims by age, net of reinsurance / Year 4Average annual percentage payout of incurred claims by age, net of reinsurance / Year 5Average annual percentage payout of incurred claims by age, net of reinsurance / Year 6Average annual percentage payout of incurred claims by age, net of reinsurance / Year 7Average annual percentage payout of incurred claims by age, net of reinsurance / Year 8Average annual percentage payout of incurred claims by age, net of reinsurance / Year 9Average annual percentage payout of incurred claims by age, net of reinsurance / Year 10
Commercial other liability7.1%14.1%14.1%16.5%10.2%9.0%8.1%5.6%4.4%9.4%
Commercial fire and allied58.6%22.0%6.9%3.9%2.7%1.4%0.4%0.4%
Commercial automobile35.7%21.3%17.3%11.8%7.8%3.2%1.6%0.4%0.5%
Commercial workers' compensation34.4%31.7%13.8%8.2%4.1%2.5%1.5%1.1%0.1%0.4%
Personal51.3%35.2%13.8%2.2%0.6%0.3%0.5%0.1%0.4%

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

FAQ

What is United Fire Group's commercial other liability — year 3?
United Fire Group (UFCS) reported commercial other liability — year 3 of 14.1% in Q4 2025.
How has United Fire Group's commercial other liability — year 3 changed year-over-year?
United Fire Group's commercial other liability — year 3 decreased by 4.7% year-over-year, from 14.8% to 14.1%.
What does commercial other liability — year 3 mean?
Represents the net earned premiums or incurred losses associated with commercial other liability insurance policies originating three years prior to the current reporting period. This metric helps analysts track the long-tail development of claims and underwriting performance for this specific product line over time.

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