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United Fire Group, Inc. Reports Second Quarter 2013 Results

Stocks in this article: UFCS

Consolidated Financial Results - Highlights:
Three Months Ended June 30, 2013   Six Months Ended June 30, 2013  
Operating income (1) per diluted share $ 0.50 Operating income (1) per diluted share $ 1.34
Net income per diluted share (2) $ 0.61 Net income per diluted share (2) $ 1.49
Net realized investment gains per share (2) $ 0.11 Net realized investment gains per share (2) $ 0.15
Catastrophe losses per share (2) $ 0.36 Catastrophe losses per share (2) $ 0.48
Combined ratio 99.5% Combined ratio 95.0%
    Book value per share $ 29.00
    Return on equity 10.4%

CEDAR RAPIDS, Iowa, Aug. 6, 2013 (GLOBE NEWSWIRE) -- United Fire Group, Inc. (the "Company") (Nasdaq:UFCS) today reported consolidated operating income (1) of $0.50 for the three-month period ended June 30, 2013 (the "second quarter") and $1.34 per diluted share for the six-month period ended June 30, 2013 ("year-to-date"), compared to operating income of $0.56 and $1.24 per diluted share for the same periods in 2012.

The Company reported consolidated net income, including realized investment gains and losses, of $15.5 million ($0.61 per share) for the second quarter and $37.9 million ($1.49 per share) year-to-date, compared to net income of $14.7 million ($0.58 per share) and $33.9 million ($1.33 per share) for the same periods in 2012.

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