United Fire Group Q2 net loss narrows to $2.7 million from $56.4 million a year ago
United Fire Group reported a second-quarter 2024 net loss of $2.7 million, or $0.11 per diluted share, compared with a net loss of $56.4 million, or $2.23 per share, a year earlier. Net premiums written rose 9.0% to $326.1 million, and the company recorded a $3.2 million pre-tax charge for rating errors in its core commercial business, with possible further fines or refunds not yet estimable.
Key points
- Q2 2024 net loss of $2.7 million ($0.11 per diluted share) vs. $56.4 million ($2.23 per share) in Q2 2023
- Net premiums written increased 9.0% to $326.1 million; total revenues were $301.2 million vs. $267.1 million
- GAAP combined ratio improved to 105.6% from 133.0%; underlying combined ratio improved to 94.4% from 99.2%
- $3.2 million pre-tax charge tied to umbrella and general liability rating errors; book value per share was $28.68 at June 30, 2024
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 6:59 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 06, 2024.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.