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United Fire (UFCS)

Founded in 1946 as United Fire & Casualty Company, United Fire Group, Inc., through its insurance company subsidiaries, is engaged in the business of writing property and casualty insurance. Through its subsidiaries, the Company is licensed as a property and casualty insurer in 49 states, plus the District of Columbia, and it's represented by approximately 1,000 independent agencies. A.M. Best Company assigns a rating of 'A' (Excellent) for members of the United Fire & Casualty Group.

Company profile

Ticker
UFCS
Exchange
CEO
Randy A. Ramlo
Employees
Location
Fiscal year end
Former names
UNITED FIRE & CASUALTY CO
SEC CIK
Subsidiaries
United Fire & Casualty Company • Addison Insurance Company • UFG Specialty Insurance Company • Lafayette Insurance Company • Financial Pacific Insurance Company • Mercer Insurance Company • Franklin Insurance Company • United Fire & Indemnity Company • United Real Estate Holdings, LLC • McIntyre Cedar UK Limited ...
IRS number
452302834

UFCS stock data

Analyst ratings and price targets

Last 3 months

Investment data

Data from SEC filings
46 long holdings
End of quarter 31 Mar 22
Value
 
#Shares
 
Prev Q
 
Change
%, QoQ
$7.87M 57.74K 57.74K 0
$6.94M 22.5K 22.5K 0
$6.88M 45K 60K -25.0
$6.74M 38K 38K 0
$6.71M 260K 180K +44.4
$6.7M 60K 66.06K -9.2
$6.63M 44.5K 44.5K 0
$6.51M 55K 80K -31.3
$6.5M 90K 90K 0
$6.29M 36K 36K 0
$6.15M 22.5K 22.5K 0
$5.77M 140K 140K 0
$5.54M 25K 25K 0
$5.45M 28K 28K 0
$5.44M 40K 47.02K -14.9
$5.35M 100.68K 150.68K -33.2
$5.08M 14.2K 14.2K 0
$5M 80K 80K 0
$4.92M 95K 95K 0
$4.51M 22K 22K 0
$4.45M 87.43K 87.43K 0
$4.44M 27.41K 52.41K -47.7
$4.16M 10K 15K -33.3
$4.04M 30K 30K 0
$3.94M 166.66K 166.66K 0
$3.85M 23K 23K 0
$3.61M 56.67K 56.67K 0
$3.44M 17K 17K 0
$3.36M 72.91K 72.91K 0
$3.32M 38K 38K 0
$3.3M 40K 40K 0
$3.26M 20K 20K 0
$3.26M 56.67K 56.67K 0
$3.02M 5.63K 5.63K 0
$2.98M 48K 48K 0
$2.77M 25K 25K 0
$2.71M 104.69K 104.69K 0
$2.56M 27.52K 35.52K -22.5
$2.53M 46K 46K 0
$1.98M 40K 40K 0
$1.98M 26.9K 26.9K 0
$1.81M 160.14K 160.14K 0
$1.7M 35.09K 35.09K 0
$448K 10K 10K 0
$213K 2.5K 2.5K 0
$153K 928 928 0
5K EXIT
12.6K EXIT
12.38K EXIT
Holdings list only includes long positions. Only includes long positions.

Calendar

4 Aug 22
12 Aug 22
31 Dec 22
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 91.93M 91.93M 91.93M 91.93M 91.93M 91.93M
Cash burn (monthly) 5.86M 2.22M 4.69M (no burn) 5.82M 1.73M
Cash used (since last report) 8.48M 3.21M 6.78M n/a 8.43M 2.51M
Cash remaining 83.45M 88.73M 85.15M n/a 83.51M 89.43M
Runway (months of cash) 14.2 40.1 18.2 n/a 14.3 51.6

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
18 May 22 John Paul E Besong Common Stock Grant Acquire A No No 0 1,905 0 16,605.481
18 May 22 Michael T Wilkins Common Stock Grant Acquire A No No 0 2,700 0 49,945
18 May 22 Michael T Wilkins Stock Options Common Stock Grant Acquire A No No 29.51 7,635 225.31K 7,635
18 May 22 Micah G Woolstenhulme Common Stock Grant Acquire A No No 0 4,763 0 24,753
18 May 22 Matthew R Foran Common Stock Grant Acquire A No No 0 1,905 0 2,405
18 May 22 Clancy Brenda Kay Common Stock Grant Acquire A No No 0 1,905 0 10,144.769
25.3% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 137 125 +9.6%
Opened positions 20 19 +5.3%
Closed positions 8 21 -61.9%
Increased positions 40 40
Reduced positions 49 42 +16.7%
13F shares Current Prev Q Change
Total value 485.09M 682.76M -29.0%
Total shares 15.61M 15.22M +2.6%
Total puts 1.9K 17.3K -89.0%
Total calls 8K 0 NEW
Total put/call ratio 0.2 Infinity NaN%
Largest owners Shares Value Change
BLK Blackrock 3.54M $109.95M +0.0%
Vanguard 2.44M $75.92M -1.3%
Earnest Partners 1.76M $54.82M -1.6%
Dimensional Fund Advisors 1.52M $47.22M -2.2%
STT State Street 786.15K $24.43M +3.1%
BAC Bank Of America 498.99K $15.5M +36.9%
Geode Capital Management 381.91K $11.87M +4.3%
Charles Schwab Investment Management 304.4K $9.46M +9.1%
NTRS Northern Trust 290.89K $9.04M -3.1%
New York State Common Retirement Fund 282.27K $8.77M -0.0%
Largest transactions Shares Bought/sold Change
Systematic Financial Management 190.42K +155.35K +443.0%
BAC Bank Of America 498.99K +134.55K +36.9%
WFC Wells Fargo & Co. 184.1K +61.09K +49.7%
BEN Franklin Resources 48.69K +48.69K NEW
Assenagon Asset Management 89.64K -47.57K -34.7%
Healthcare Of Ontario Pension Plan Trust Fund 41K +41K NEW
Dimensional Fund Advisors 1.52M -34.41K -2.2%
Vanguard 2.44M -32.54K -1.3%
Algert Global 30.45K +30.45K NEW
Earnest Partners 1.76M -29.57K -1.6%

Financial report summary

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Risks
  • Our success depends primarily on our ability to underwrite risks effectively and adequately price the risks we underwrite.
  • Our geographic concentration ties our performance to the business, economic and regulatory conditions of certain states.
  • A downgrade or a potential downgrade in our financial strength or issuer credit ratings could result in a loss of business and could have a material adverse effect on our financial condition and results of operations.
  • Unauthorized data access, cyber-attacks and other security breaches could have an adverse impact on our business and reputation.
  • We are subject to comprehensive laws and regulations, changes to which may have an adverse effect on our financial condition and results of operations.
  • Certain provisions of our organizational documents, as well as applicable insurance laws, could impede an attempt to replace or remove our management or members of our Board of Directors, prevent the sale of the
  • Company or prevent or frustrate any attempt by shareholders to change the direction of the Company, each of which could diminish the value of our common stock.
  • The ability of our subsidiaries to pay dividends may affect our liquidity and ability to meet our obligations.
Management Discussion
  • For the three-month period ended June 30, 2022, net loss was $10.5 million compared to a net income of $13.8 million for the same period of 2021. The change was primarily due to a decrease in the fair value of our investments in equity securities and a decrease in investment income partially offset by an increase in net premiums earned.
  • For the six-month period ended June 30, 2022, net income was $17.9 million compared to a net income of $32.5 million for the same period of 2021. The change was primarily due to a decrease in the fair value of our investments in equity securities, a decrease in net premiums earned and a decrease in investment income partially offset by a decrease in losses and loss settlement expenses.
  • Net premiums earned increased 2.9 percent and decreased 3.8 percent during the three- and six-month periods ended June 30, 2022 compared to the same periods of 2021. Profitable growth is our primary consideration when putting new business on the books. Beginning in second quarter of 2022, we started to see some positive signs of growth after two years of focusing on improving profitability through non-renewal of underperforming accounts in our commercial auto line of business and our exit of the personal lines business.

Content analysis

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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
New words: expansion, focusing, hail, inflow, Kevin, legacy, Leidwinger, multiple, outflow, peril, putting, release, wind
Removed: consecutive, Consulting, developed, fidelity, highly, large, largest, low, maintained, marking, offsetting, rated, Regnier, render, restarted, surety, suspended