United Fire Group (UFCS) Q3 2026 earnings summary

Executive summary

• Q3 net written premiums rose 13.2%; the 94.6% combined ratio was the strongest quarter of 2026. 9M net income reached a record $98.5M, with record diluted EPS of $3.78.

• ROE was 14.0%; adjusted book value per share was $40.94.

• Priorities included underwriting discipline, profitable growth, distribution partnerships and operational effectiveness.

Financial highlights

• Q3 net earned premiums increased 10.4% to $362.5M; 9M revenue was $1.145B versus $1.021B.

• Q3 net income and adjusted operating income were each $35.1M, down 10% YoY; adjusted operating EPS was $1.34 versus $1.50.

• Q3 net investment income rose 13% to $29.3M; 9M increased to $85.3M from $71.1M.

Outlook and guidance

• Focus on profitable growth, underwriting discipline, consistent profitability and long-term shareholder value while navigating an evolving market.

• Growth strategy emphasized expanded distribution access, underwriting expertise and capabilities, balanced with disciplined risk selection.