What does commercial workers' compensation — year 1 mean?

This represents the loss development or claims experience specifically for the first year following the inception of the underwriting period for workers' compensation. It is used to analyze the early-stage loss emergence patterns and the initial accuracy of underwriting pricing.

United Fire Group UFCS Commercial workers' compensation — Year 1

Similar metrics at other companies

ORIWorkers' Compensation — Year 1

16.8%+0.3pp

HIGWorkers' Compensation — 1st Year

14.9%+0.1pp

CNAWorkers' Compensation — Year 1

17.6%+0.8pp

PRA

PRAWorkers' Compensation Insurance — Historical claims duration, year 1 (percent)

35.1%+0.3pp

SIGIWorkers Compensation — Short-duration insurance contracts, Historical claims duration, year one

24%+0.7pp

KMPRCommercial Automobile Insurance—Liability — Year 1

19.1%-2.4pp

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$1.35B+84.9%

Enterprise value$1.33B—

P/E10.3×+2.4×

P/S1×+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:ShortdurationInsuranceContractsHistoricalClaimsDurationYearOne.

The official record: United Fire Group’s 10-K, filed February 26, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is United Fire Group's commercial workers' compensation — year 1?: United Fire Group (UFCS) reported commercial workers' compensation — year 1 of 34.4% in Q4 2025.
How has United Fire Group's commercial workers' compensation — year 1 changed year-over-year?: United Fire Group's commercial workers' compensation — year 1 increased by 4.6% year-over-year, from 32.9% to 34.4%.
What does commercial workers' compensation — year 1 mean?: This represents the loss development or claims experience specifically for the first year following the inception of the underwriting period for workers' compensation. It is used to analyze the early-stage loss emergence patterns and the initial accuracy of underwriting pricing.