United Fire Group (UFCS)
Writes commercial property-and-casualty insurance through independent agencies, with surety and reinsurance exposure.
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Sells mostly commercial property-and-casualty coverage through independent agencies, alongside surety, specialty programs, assumed reinsurance, and Lloyd's participation. Revenue comes mainly from earned insurance premiums, while the business is shaped by U.S. insurance regulation, catastrophe losses, and reinsurance markets.
Writes commercial property-and-casualty insurance for small business and middle-market customers, with lines including liability, commercial auto, property, workers' compensation, and surety. Core policies are distributed through independent agencies, while specialty and surplus business can move through managing general agents and wholesale brokers.
Operates from Cedar Rapids with premium spread across many U.S. states rather than one home market. The current portfolio is narrower than its historical mix after the life insurance sale and exit from direct personal lines, with assumed reinsurance and Lloyd's syndicate participation adding another source of exposure.
Underwriting consistency, agency relationships, claims handling, and financial strength shape competition with regional and national carriers. Results remain tied to state insurance regulation, catastrophe losses, policy pricing, reinsurance availability, and loss trends in commercial casualty lines.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 5, 2026 | Piper Sandler | Reiterate | Rating: —Target: $57 | Target: $60 |
| May 7, 2026 | Piper Sandler | Reiterate | Rating: —Target: $45 | Target: $57 |
| May 6, 2026 | Piper Sandler | Upgrade | Target: $41 | Target: $45 |
| Feb 12, 2026 | Piper Sandler | Reiterate | Rating: —Target: $37 | Target: $41 |
| Dec 22, 2025 | Piper Sandler | Reiterate | Rating: —Target: $26 | Target: $37 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $139.4M · Total debt $146.4M · Total assets $4.01B · Shareholders' equity $977.3M
- Revenue
- $383.7M
- Operating income
- $41.9M
- Net income
- $33.4M
HistoryDividendAnnual yield
| Institutions | 69.00% | 17.74M shares | |
|---|---|---|---|
| 232 holders · as of Jun 30, 2026 | |||
| Insiders | 16.12% | 4.14M shares | |
| 23 holders · as of Sep 8, 2026 | |||
| Other | 14.88% | 3.82M shares | |
| remainder | |||
25.71M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 13.59% | 3.49M | as of Jun 30, 2026 |
Dee Ann McIntyre1Insider10 percent owner | 11.37% | 2.93M | filed Mar 4, 2026 |
Dimensional Fund Advisors LPInstitution | 5.86% | 1.51M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 3.76% | 965,279 | as of Jun 30, 2026 |
State Street CorpInstitution | 3.35% | 860,633 | as of Jun 30, 2026 |
- Dee Ann McIntyre's transaction reports restate only vehicles that traded; the 2026 ownership statement (2.93M) less the 4.3K net shares sold since is used instead.
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 3, 2026 | Scott L. Carlton | director | −9,777 | $55.52 |
| Jun 5, 2026 | George D. Milligan | director | +4,500 | $45.23 |
| Mar 4, 2026 | Christopher R. Drahozal | director | −4,250 | $38.49 |
| Mar 3, 2026 | Christopher R. Drahozal | director | −4,250 | $37.94 |
| Mar 2, 2026 | Christopher R. Drahozal | director | −4,250 | $38.84 |
- Selective Insurance Group
Agency-based commercial P&C peer with E&S overlap
- Cincinnati Financial
Agency-centric multiline P&C rival in commercial and surety
- The Hanover Insurance Group
Independent-agent carrier spanning core commercial and specialty
- C.N.A. Financial
Large commercial P&C competitor in middle-market and specialty
- W. R. Berkley
Specialty commercial and reinsurance writer with national scale
- Travelers
National commercial, workers-comp, and surety carrier
- RLI
Specialty P&C and surety rival in niche admitted and E&S markets
- Donegal Group
Regional agency-carrier peer in commercial auto, CMP, and workers comp
CompareAfter hours
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| United Fire Group | $53.68 | 0.00% | $1.37B | 9.9 | 11.9 | 0.9 | +5.2% |
| Selective Insurance Group | $87.68 | −0.06% | $5.23B | 10.9 | 10.3 | 1.0 | −8.0% |
| Cincinnati Financial | $165.83 | 0.00% | $25.61B | 7.9 | 18.9 | 1.8 | −18.9% |
| The Hanover Insurance Group | $218.00 | −0.18% | $7.77B | 10.7 | 11.5 | 1.2 | +0.4% |
| C.N.A. Financial | $47.47 | −0.04% | $12.93B | 10.5 | 10.2 | 0.9 | +3.0% |
| W. R. Berkley | $68.17 | −0.06% | $25.61B | 14.1 | 14.4 | 1.4 | +1.2% |
| Travelers | $362.01 | −0.05% | $77.41B | 9.9 | 12.1 | 1.6 | −4.8% |
| RLI | $58.13 | 0.00% | $5.42B | 12.4 | 21.6 | 2.7 | +16.0% |
| Donegal Group | $18.58 | −0.05% | $685.3M | 9.4 | 9.9 | 0.7 | −8.4% |
| Median | 10.6 | 11.8 | 1.3 | −2.2% |