This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

United Fire Group, Inc. Reports First Quarter 2013 Results

Consolidated Financial Results - Highlights:  
Quarter Ended March 31, 2013  
Operating Income (1) per diluted share  $ 0.84
Net Income per diluted share  $ 0.88
Net Realized Investment Gain per share (2)  $ 0.04
Catastrophe losses per share (2)  $ 0.12
Book Value per share  $ 30.01
Combined Ratio 90.3%
Return on Equity 12.0%

CEDAR RAPIDS, Iowa, May 7, 2013 (GLOBE NEWSWIRE) -- United Fire Group, Inc. (the "Company") (Nasdaq:UFCS) today reported consolidated operating income (1) of $0.84 per diluted share for the first quarter of 2013 compared to operating income (1) of $0.68 per diluted share for the first quarter of 2012.

The Company reported consolidated net income, including realized investment gains and losses, of $22.4 million ($0.88 per share) for the quarter ended March 31, 2013, compared to net income of $19.2 million ($0.75 per share) for the same period in 2012.

"We are happy to report another solid quarter," commented Randy Ramlo, President and Chief Executive Officer. "We continue to seek and receive rate increases in most lines of business, policy retention remains strong and within our comfort range, and we are seeing a fair amount of new business opportunities. The market as a whole continues to firm due to weather-related losses in the past few years and the continuing low investment rate environment," continued Ramlo. "We believe these current economic and market trends will continue throughout 2013."

1 of 6

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $95.03 -2.90%
FB $116.73 7.20%
GOOG $691.20 -2.10%
TSLA $247.71 -1.50%
YHOO $36.58 -1.00%


Chart of I:DJI
DOW 17,830.76 -210.79 -1.17%
S&P 500 2,075.81 -19.34 -0.92%
NASDAQ 4,805.2910 -57.85 -1.19%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs