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United Fire Group UFCS Property Catastrophe Excess of Loss — Exhaustion Point

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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+80.3%
Enterprise value$1.38B
P/E10.7×+2.3×
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 ufcs:ReinsuranceMaximumInsuranceCoveragePerIncident.

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
Type of Reinsurance2025 Reinsurance Programs / Stated Retention2025 Reinsurance Programs / Exhaustion Point2025 Reinsurance Programs / Placement and Limit
Casualty Excess of Loss$3,000$60,000$57,000%
Property Excess of Loss3,00050,000$47,000%
Property Semi-automatic Quota Share50,00075,000$25,000%
Surety Excess of Loss5,00050,000$45,000%
Professional Liability DUA Excess of Loss5003,000$2,500%
Professional Liability DUA Quota ShareN/A5,000$5,000%
Specialty Casualty Quota ShareN/A5,000$5,000%
Specialty Property Quota ShareN/A5,000$5,000%

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

FAQ

What is United Fire Group's property catastrophe excess of loss — exhaustion point?
United Fire Group (UFCS) reported property catastrophe excess of loss — exhaustion point of $32.5K in Q4 2025.
How has United Fire Group's property catastrophe excess of loss — exhaustion point changed year-over-year?
United Fire Group's property catastrophe excess of loss — exhaustion point decreased by 0.0% year-over-year, from $32.5K to $32.5K.
What is the long-term trend for United Fire Group's property catastrophe excess of loss — exhaustion point?
Over 4 years (2021 to 2025), United Fire Group's property catastrophe excess of loss — exhaustion point has grown at a -84.9% compound annual growth rate (CAGR), from $250M to $130K.
What does property catastrophe excess of loss — exhaustion point mean?
This metric defines the upper limit of the reinsurance coverage layer, representing the total amount of loss that the reinsurer is responsible for covering before the primary insurer becomes liable for any remaining losses. It indicates the maximum protection provided by the reinsurance program for a single catastrophe event. Investors monitor this to assess the company's vulnerability to extreme tail-risk events that exceed the provided reinsurance limits.

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