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United Fire Group UFCS Commercial other liability — Year 4

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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$1.41B+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:ShortdurationInsuranceContractsHistoricalClaimsDurationYearFour.

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 4?
United Fire Group (UFCS) reported commercial other liability — year 4 of 16.5% in Q4 2025.
How has United Fire Group's commercial other liability — year 4 changed year-over-year?
United Fire Group's commercial other liability — year 4 increased by 5.1% year-over-year, from 15.7% to 16.5%.
What does commercial other liability — year 4 mean?
Represents the net earned premiums or incurred losses associated with commercial other liability insurance policies originating four years prior to the current reporting period. It serves as a key indicator for assessing the maturity and historical profitability of underwriting cohorts in the commercial liability segment.

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