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United Fire Group, Inc. Reports Third Quarter 2013 Results

Stocks in this article: UFCS

Consolidated Financial Results - Highlights:

Three Months Ended September 30, 2013   Nine Months Ended September 30, 2013  
Operating income (1) per diluted share (2)  $ 0.42 Operating income (1) per diluted share (2)  $ 1.76
Net income per diluted share (2)  $ 0.45 Net income per diluted share (2)  $ 1.94
Net realized investment gains per share (2)  $ 0.03 Net realized investment gains per share (2)  $ 0.18
Catastrophe losses (3) per share (2)  $ 0.21 Catastrophe losses per share (2)  $ 0.69
Combined ratio 100.3% Combined ratio 96.8%
    Book value per share  $ 29.30
    Return on equity (4) 9.0%

CEDAR RAPIDS, Iowa, Nov. 5, 2013 (GLOBE NEWSWIRE) -- United Fire Group, Inc. (the "Company") (Nasdaq:UFCS) today reported consolidated operating income (1) of $0.42 per diluted share for the three-month period ended September 30, 2013 (the "third quarter") and $1.76 per diluted share for the nine-month period ended September 30, 2013 ("year-to-date"), compared to operating income of $0.31 and $1.55 per diluted share for the same periods in 2012.

The Company reported consolidated net income, including realized investment gains and losses, of $11.7 million ($0.45 per share) for the third quarter and $49.6 million ($1.94 per share) year-to-date, compared to net income of $8.7 million ($0.34 per share) and $42.6 million ($1.67 per share) for the same periods in 2012.

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