United Fire Group swings to $22.9 million Q2 profit from year-earlier loss
United Fire Group reported second quarter 2025 net income of $22.9 million, or $0.87 per diluted share, compared with a net loss of $2.7 million, or $0.11 per share, in the second quarter of 2024. The combined ratio improved to 96.4% from 105.6%, and net written premium rose 14% to $372.9 million, which points to better underwriting results for shareholders.
Key points
- Net income was $22.9 million ($0.87 per diluted share) versus a net loss of $2.7 million ($0.11 per share) a year earlier.
- Adjusted operating income was $23.7 million ($0.90 per diluted share), a non-GAAP measure, versus a loss of $1.8 million a year earlier.
- Combined ratio improved 9.2 points to 96.4%, with catastrophe losses at 5.5% of earned premium versus 11.2% a year earlier.
- Net written premium grew 14% to $372.9 million; book value per share rose to $33.18 as of June 30, 2025, from $30.80 at December 31, 2024.
The filing
Written by AI on Nov 8, 2026, 6:59 AM ET, from this filing 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 05, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.