United Fire Group, Inc. reports third quarter 2026 results
Key Highlights
- ➤Net income $35.1M, down 10% year over year, or $1.34 per diluted share
- ➤Net written premium $371.4M, up 13%, led by core commercial growth
- ➤Combined ratio 94.6%, up 2.7 points, with catastrophe losses at 2.4%
- ➤Net investment income $29.3M, up 13% on portfolio growth and higher yields
- ➤Nine-month net income reached a record $98.5M, with 14.0% return on equity
Expert Statements
Kevin Leidwinger, President and CEO of United Fire Group
“UFG delivered its strongest quarter of 2026, contributing to an exceptional first nine months of the year.”
Kevin Leidwinger, President and CEO of United Fire Group
“The quarter's overall performance reflects the quality of the portfolio we have built by deepening our underwriting expertise, strengthening our distribution partnerships, expanding our capabilities and improving operational effectiveness.”
Kevin Leidwinger, President and CEO of United Fire Group
“Through the first nine months of 2026, we generated record earnings, achieved a 14.0% return on equity and produced a 95.2% combined ratio.”
Kevin Leidwinger, President and CEO of United Fire Group
“Looking ahead, we believe we are well positioned to navigate an evolving market. Our focus remains on pursuing profitable growth opportunities, maintaining underwriting discipline, delivering consistent profitability and creating long-term value for our shareholders.”
Third quarter net income of $1.34 per diluted share and adjusted operating income of $1.34 per diluted share
Third quarter 2026 highlights compared to third quarter 2025, unless otherwise noted:((1)) * Net income decreased $4.1 million to $35.1 million. * Net investment income increased 13% to $29.3 million. * Combined ratio increased 2.7 points to 94.6%, composed of an underlying loss ratio of 57.3%, catastrophe loss ratio of 2.4%, no prior year reserve development, and underwriting expense ratio of 34.9%. * Underlying combined ratio increased 1.6 points to 92.2%. * Net written premium((2)) increased 13% to $371.4 million. * Book value per share decreased $0.37 to $36.51 as of September 30, 2026, compared to December 31, 2025. * Adjusted book value per share increased $3.07 to $40.94 as of September 30, 2026, compared to December 31, 2025. * Return on equity was 14.0% for the nine months ended September 30, 2026. CEDAR RAPIDS, Iowa, Nov. 03, 2026 (GLOBE NEWSWIRE) -- United Fire Group, Inc. (UFG) (Nasdaq: UFCS) today reported financial results for the quarter ended September 30, 2026, with net income decreasing 10% over the prior year to $35.1 million ($1.34 per diluted share) and adjusted operating income decreasing 11% over the prior year to $35.1 million ($1.34 per diluted share).
Get started
Create a free account to read the full story.