What does commercial workers' compensation — year 2 mean?

This represents the loss development or claims experience for the second year following the inception of the underwriting period for workers' compensation. Tracking this metric helps investors understand the maturation of claims and the consistency of loss reporting over time.

United Fire Group UFCS Commercial workers' compensation — Year 2

Similar metrics at other companies

CNAWorkers' Compensation — Year 2

24.2%+0.8pp

ORIWorkers' Compensation — Year 2

24.1%-0.2pp

HIGWorkers' Compensation — 2nd Year

18.6%+0.2pp

PRA

PRAWorkers' Compensation Insurance — Historical claims duration, year 2 (percent)

39.7%+0.3pp

SIGIWorkers Compensation — Short-duration insurance contracts, historical claims duration, year two

28.4%+1.2pp

AIGU.S. Workers' Compensation (before discount) — Year 2 (as a percent)

17%-0.5pp

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:ShortdurationInsuranceContractsHistoricalClaimsDurationYearTwo.

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 2?: United Fire Group (UFCS) reported commercial workers' compensation — year 2 of 31.7% in Q4 2025.
How has United Fire Group's commercial workers' compensation — year 2 changed year-over-year?: United Fire Group's commercial workers' compensation — year 2 increased by 1.0% year-over-year, from 31.4% to 31.7%.
What does commercial workers' compensation — year 2 mean?: This represents the loss development or claims experience for the second year following the inception of the underwriting period for workers' compensation. Tracking this metric helps investors understand the maturation of claims and the consistency of loss reporting over time.