United Fire Group
United Fire Group, Inc., together with its subsidiaries, provides property and casualty insurance for individuals and businesses in the United States. The last earnings update was 12 days ago. More info.
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UFCS Share Price and Events
7 Day Returns
1 Year Returns
UFCS Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| United Fire Group (UFCS) | 0.8% | 9.7% | -15.1% | -14% | 13.4% | 67.2% |
| US Insurance | 0.7% | 1.6% | 6% | 7.1% | 32.7% | 45.5% |
| US Market | -0.7% | -2% | 2.4% | 3% | 39.2% | 42% |
1 Year Return vs Industry and Market
- UFCS underperformed the Insurance industry which returned 7.1% over the past year.
- UFCS underperformed the Market in United States of America which returned 3% over the past year.
Value
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
United Fire Group
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for United Fire Group.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | Excess Returns Model | |
| Stable EPS |
Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity = $37.00 * 4.9% |
$1.80 |
| Book Value of Equity per Share | Weighted future Book Value estimates from 2 analysts. | $37.00 |
| Discount Rate (Cost of Equity) | See below | 7.7% |
| Perpetual Growth Rate | 10-Year US Government Bond Rate | 2.7% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year US Govt Bond Rate | 2.7% |
| Equity Risk Premium | S&P Global | 6% |
| Insurance Unlevered Beta | Simply Wall St/ S&P Global | 0.73 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.734 (1 + (1- 21%) (1.71%)) |
0.829 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
0.83 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.829 * 5.96%) |
7.67% |
Discounted Cash Flow Calculation for NasdaqGS:UFCS using Excess Returns Model Model
The calculations below outline how an intrinsic value for United Fire Group is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.
In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.
The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.
Note the calculations below are per share.
See our documentation to learn about this calculation.
| Calculation | Result | |
|---|---|---|
| Excess Returns |
= (Stable Return on equity – Cost of equity) (Book Value of
Equity per share)
= (4.9% – 7.67%) * $37.00) |
$-1.04 |
| Terminal Value of Excess Returns |
= Excess Returns / (Cost of Equity -
Expected Growth Rate)
= $-1.04 / (7.67% - 2.73%) |
$-21.02 |
| Value of Equity |
= Book Value per share + Terminal Value of
Excess Returns
= $37.00 + $-21.02 |
$15.98 |
| Calculation | Result | |
|---|---|---|
| Value per share (USD) | From above. | $15.98 |
| Current discount | Discount to share price of
$46.72
= -1 x ($46.72 - $15.98) / $15.98 |
-192.4% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
- The current share price of United Fire Group is above its future cash flow value.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for United Fire Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
United Fire Group's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2019-03-31) in USD | $1.05 |
| NasdaqGS:UFCS Share Price ** | NasdaqGS (2019-05-17) in USD | $46.72 |
| United States of America Insurance Industry PE Ratio | Median Figure of 90 Publicly-Listed Insurance Companies | 16.69x |
| United States of America Market PE Ratio | Median Figure of 3,088 Publicly-Listed Companies | 17.89x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of United Fire Group.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = NasdaqGS:UFCS Share Price ÷ EPS (both in USD) = 46.72 ÷ 1.05 |
44.33x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- United Fire Group is overvalued based on earnings compared to the US Insurance industry average.
- United Fire Group is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does
United Fire Group's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 44.33x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts |
18.6%per year |
| United States of America Insurance Industry PEG Ratio | Median Figure of 67 Publicly-Listed Insurance Companies | 1.6x |
| United States of America Market PEG Ratio | Median Figure of 2,117 Publicly-Listed Companies | 1.56x |
*Line of best fit is calculated by linear regression .
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Unable to calculate PEG ratio for United Fire Group, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on
United Fire Group's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2019-03-31) in USD | $37.95 |
| NasdaqGS:UFCS Share Price * | NasdaqGS (2019-05-17) in USD | $46.72 |
| United States of America Insurance Industry PB Ratio | Median Figure of 119 Publicly-Listed Insurance Companies | 1.2x |
| United States of America Market PB Ratio | Median Figure of 5,195 Publicly-Listed Companies | 1.83x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = NasdaqGS:UFCS Share Price ÷ Book Value per Share (both in USD) = 46.72 ÷ 37.95 |
1.23x |
* Primary Listing of United Fire Group.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- United Fire Group is overvalued based on assets compared to the US Insurance industry average.
Value checks
We assess United Fire Group's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Insurance industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Insurance industry average (and greater than 0)? (1 check) United Fire Group has a total score of 0/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
Future Performance
- No analysts cover United Fire Group, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- United Fire Group's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
- United Fire Group's earnings growth is expected to exceed the United States of America market average.
- United Fire Group's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| NasdaqGS:UFCS Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts | 18.6% |
| NasdaqGS:UFCS Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts | 3.7% |
| United States of America Insurance Industry Earnings Growth Rate | Market Cap Weighted Average | 9.6% |
| United States of America Insurance Industry Revenue Growth Rate | Market Cap Weighted Average | 3.3% |
| United States of America Market Earnings Growth Rate | Market Cap Weighted Average | 13.9% |
| United States of America Market Revenue Growth Rate | Market Cap Weighted Average | 7.3% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (1 month ago) | See Below |
| Future Estimates | Average of up to 2 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2020-12-31 | 1,202 | 1 | ||
| 2019-12-31 | 1,178 | 1 |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2019-03-31 | 1,125 | 97 | 26 |
| 2018-12-31 | 1,070 | 110 | 2 |
| 2018-09-30 | 1,091 | 123 | 77 |
| 2018-06-30 | 1,069 | 124 | 47 |
| 2018-03-31 | 1,052 | 154 | 47 |
| 2017-12-31 | 1,053 | 170 | 45 |
| 2017-09-30 | 1,044 | 203 | 12 |
| 2017-06-30 | 1,030 | 245 | 42 |
| 2017-03-31 | 982 | 218 | 45 |
| 2016-12-31 | 996 | 214 | 49 |
| 2016-09-30 | 1,008 | 194 | 68 |
| 2016-06-30 | 1,017 | 180 | 76 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (1 month ago) | See Below |
| Future Estimates | Average of up to 2 Analyst Estimates (S&P Global) | See Below |
All data from United Fire Group Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2020-12-31 | ||||
| 2019-12-31 |
| Date (Data in USD Millions) | EPS * |
|---|---|
| 2019-03-31 | 1.05 |
| 2018-12-31 | 0.09 |
| 2018-09-30 | 3.08 |
| 2018-06-30 | 1.87 |
| 2018-03-31 | 1.87 |
| 2017-12-31 | 1.79 |
| 2017-09-30 | 0.46 |
| 2017-06-30 | 1.67 |
| 2017-03-31 | 1.78 |
| 2016-12-31 | 1.94 |
| 2016-09-30 | 2.69 |
| 2016-06-30 | 3.01 |
*GAAP earnings excluding extraordinary items.
Performance in 3 years
In the same way as past performance we look at the future estimated return
(profit) compared to the available
funds. We do this looking forward 3 years.
- Unable to establish if United Fire Group will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
Future performance checks
We assess United Fire Group's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
United Fire Group has a total score of 2/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
Past Performance
How has United Fire Group performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- United Fire Group's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
- United Fire Group's 1-year earnings growth is negative, it can't be compared to the 5-year average.
- United Fire Group's 1-year earnings growth is negative, it can't be compared to the US Insurance industry average.
Earnings and Revenue History
All data from United Fire Group Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2019-03-31 | 1,124.91 | 26.41 | ||
| 2018-12-31 | 1,070.17 | 2.26 | ||
| 2018-09-30 | 1,091.46 | 76.85 | ||
| 2018-06-30 | 1,069.17 | 46.70 | ||
| 2018-03-31 | 1,052.25 | 46.65 | ||
| 2017-12-31 | 1,052.74 | 44.87 | ||
| 2017-09-30 | 1,043.92 | 11.65 | ||
| 2017-06-30 | 1,029.93 | 42.36 | ||
| 2017-03-31 | 981.96 | 45.28 | ||
| 2016-12-31 | 996.36 | 49.12 | ||
| 2016-09-30 | 1,007.78 | 67.98 | ||
| 2016-06-30 | 1,016.72 | 75.88 | ||
| 2016-03-31 | 1,062.12 | 87.87 | ||
| 2015-12-31 | 899.27 | 85.32 | ||
| 2015-09-30 | 1,009.41 | 93.03 | ||
| 2015-06-30 | 980.72 | 73.82 | ||
| 2015-03-31 | 957.47 | 69.49 | ||
| 2014-12-31 | 941.89 | 59.14 | ||
| 2014-09-30 | 920.44 | 50.87 | ||
| 2014-06-30 | 907.60 | 62.27 | ||
| 2014-03-31 | 894.64 | 67.08 | ||
| 2013-12-31 | 877.04 | 76.14 | ||
| 2013-09-30 | 861.37 | 47.20 | ||
| 2013-06-30 | 844.92 | 44.20 | ||
| 2013-03-31 | 824.85 | 43.42 | ||
| 2012-12-31 | 813.24 | 40.21 | ||
| 2012-09-30 | 791.48 | 59.52 | ||
| 2012-06-30 | 772.47 | 46.02 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- United Fire Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- United Fire Group used its assets less efficiently than the US Insurance industry average last year based on Return on Assets.
- United Fire Group's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess United Fire Group's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Insurance industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
United Fire Group has a total score of 0/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
Health
How is United Fire Group's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up United Fire Group's finances.
The net worth of a company is the difference between its assets and liabilities.
- United Fire Group's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
- United Fire Group's cash and other short term assets cover its long term commitments.
Balance sheet
Assets
Liabilities and shares
- Low level of unsold assets.
- Debt is covered by short term assets, assets are 28x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from United Fire Group Company Filings, last reported 1 month ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2019-03-31 | 955.19 | 20.10 | 112.12 |
| 2018-12-31 | 888.38 | 0.00 | 77.87 |
| 2018-09-30 | 884.22 | 0.00 | 66.83 |
| 2018-06-30 | 964.60 | 0.00 | 115.72 |
| 2018-03-31 | 970.69 | 0.00 | 332.41 |
| 2017-12-31 | 973.37 | 0.00 | 112.58 |
| 2017-09-30 | 944.05 | 0.00 | 118.79 |
| 2017-06-30 | 962.59 | 0.00 | 153.04 |
| 2017-03-31 | 960.39 | 0.00 | 114.99 |
| 2016-12-31 | 941.88 | 0.00 | 109.40 |
| 2016-09-30 | 959.18 | 0.00 | 159.02 |
| 2016-06-30 | 961.03 | 0.00 | 137.44 |
| 2016-03-31 | 929.17 | 0.00 | 161.60 |
| 2015-12-31 | 878.90 | 0.00 | 123.60 |
| 2015-09-30 | 845.46 | 0.00 | 141.25 |
| 2015-06-30 | 831.94 | 0.00 | 113.54 |
| 2015-03-31 | 844.23 | 0.00 | 132.03 |
| 2014-12-31 | 817.42 | 0.00 | 111.68 |
| 2014-09-30 | 808.43 | 0.00 | 93.13 |
| 2014-06-30 | 826.27 | 0.00 | 112.26 |
| 2014-03-31 | 808.11 | 0.00 | 88.60 |
| 2013-12-31 | 782.83 | 0.00 | 105.42 |
| 2013-09-30 | 744.23 | 0.00 | 99.93 |
| 2013-06-30 | 734.38 | 0.00 | 96.12 |
| 2013-03-31 | 758.14 | 0.00 | 118.62 |
| 2012-12-31 | 729.18 | 0.00 | 123.64 |
| 2012-09-30 | 753.82 | 0.00 | 97.86 |
| 2012-06-30 | 735.36 | 45.00 | 117.33 |
- United Fire Group's level of debt (2.1%) compared to net worth is satisfactory (less than 40%).
- The level of debt compared to net worth has increased over the past 5 years (0% vs 2.1% today).
- Debt is well covered by operating cash flow (483.7%, greater than 20% of total debt).
- Unable to confirm if the interest payments on United Fire Group's debt are well covered by earnings due to lack of past financial data.
Financial health checks
We assess United Fire Group's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) United Fire Group has a total score of 3/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
Dividends
What is United Fire Group's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
$2,000 of
United Fire Group
shares you are expected to receive
$57
in your first year as a dividend.
Dividend Amount
- United Fire Group's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.44%).
- United Fire Group's dividend is below the markets top 25% of dividend payers in United States of America (3.69%).
Upcoming dividend payment
Purchase United Fire Group before the 'Buy Limit' to receive their next dividend payment.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 2 Analyst Estimates (S&P Global) | See Below |
| United States of America Insurance Industry Average Dividend Yield | Market Cap Weighted Average of 80 Stocks | 2.4% |
| United States of America Market Average Dividend Yield | Market Cap Weighted Average of 2000 Stocks | 2.5% |
| United States of America Minimum Threshold Dividend Yield | 10th Percentile | 0.8% |
| United States of America Bottom 25% Dividend Yield | 25th Percentile | 1.4% |
| United States of America Top 25% Dividend Yield | 75th Percentile | 3.7% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in $) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2020-12-31 | 1.24 | 1.00 |
| 2019-12-31 | 1.24 | 1.00 |
| Date (Data in $) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-05-15 | 1.320 | 2.830 |
| 2019-02-15 | 1.240 | 2.749 |
| 2018-11-16 | 1.240 | 2.338 |
| 2018-11-07 | 1.240 | 2.483 |
| 2018-05-16 | 1.240 | 2.351 |
| 2018-02-23 | 1.120 | 2.316 |
| 2017-11-17 | 1.120 | 2.489 |
| 2017-08-18 | 1.120 | 2.507 |
| 2017-05-17 | 1.120 | 2.555 |
| 2017-02-17 | 1.000 | 2.337 |
| 2016-11-18 | 1.000 | 2.108 |
| 2016-08-19 | 1.000 | 2.386 |
| 2016-05-18 | 1.000 | 2.382 |
| 2016-02-19 | 0.880 | 2.065 |
| 2015-11-20 | 0.880 | 2.318 |
| 2015-08-21 | 0.880 | 2.462 |
| 2015-05-20 | 0.880 | 2.642 |
| 2015-02-20 | 0.800 | 2.621 |
| 2014-11-21 | 0.800 | 2.767 |
| 2014-08-15 | 0.800 | 2.731 |
| 2014-05-21 | 0.800 | 2.779 |
| 2014-02-21 | 0.720 | 2.491 |
| 2013-11-15 | 0.720 | 2.598 |
| 2013-08-16 | 0.720 | 2.380 |
| 2013-05-15 | 0.720 | 2.605 |
| 2013-02-15 | 0.600 | 2.257 |
| 2012-11-19 | 0.600 | 2.694 |
| 2012-08-20 | 0.600 | 2.582 |
| 2012-05-17 | 0.600 | 2.836 |
| 2012-02-24 | 0.600 | 3.276 |
| 2011-11-18 | 0.600 | 3.049 |
| 2011-08-19 | 0.600 | 3.400 |
| 2011-05-19 | 0.600 | 3.396 |
| 2011-02-18 | 0.600 | 3.031 |
| 2010-11-19 | 0.600 | 2.823 |
| 2010-08-20 | 0.600 | 2.870 |
| 2010-05-20 | 0.600 | 2.919 |
| 2010-02-19 | 0.600 | 3.120 |
| 2009-11-20 | 0.600 | 3.455 |
| 2009-11-09 | 0.600 | 3.478 |
| 2009-10-26 | 0.600 | 3.382 |
| 2009-05-21 | 0.600 | 3.227 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Dividends per share have been stable in the past 10 years.
- Dividends per share have increased over the past 10 years.
Income/ dividend checks
We assess United Fire Group's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can United Fire Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) United Fire Group has a total score of 3/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
Management
CEO
| COMPENSATION | $3,131,279 |
| AGE | 57 |
| TENURE AS CEO | 12 years |
CEO Bio
Mr. Randy Allen Ramlo serves as President and Chief Executive Officer of United Fire & Casualty Company. Mr. Ramlo has served as President and Chief Executive Officer of United Fire Group, Inc. since May 2007 and also has been its Director since 2008. He served as Chief Operating Officer of United Fire Group, Inc. from May 2006 to May 2007 and also served as its Executive Vice President from May 2004 to May 2007 and Vice President of Fidelity and Surety from November 2001 to May 2004. He also worked as an Underwriting Manager in United Fire Group, Incorporation’s Great Lakes region. He joined United Fire Group in 1984. He holds numerous professional insurance designations including Chartered Property and Casualty Underwriter, Associate in Fidelity and Surety Bonding, Associate in Management, and Associate in Risk Management. Mr. Ramlo is a long-time community leader and supporter, with service to many diverse organizations. He serves as a Director of Cedar Rapids Metro Economic Alliance, an economic development organization, a Member of the Board of trustees of the Cedar Rapids Museum of Art; The University of Northern Iowa School of Business Executive Advisory Board; The Iowa College Foundation Board of Trustees; and Trustee of the Eastern Iowa Branch of the Juvenile Diabetes Research Foundation International.
CEO Compensation
- Randy's compensation has been consistent with company performance over the past year.
- Randy's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure
Average tenure and age of the United Fire Group management team in years:
- The average tenure for the United Fire Group management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team
Randy Ramlo
President
$3M
57
12 yrs
Dawn Jaffray
Senior VP & CFO
$1M
51
4 yrs
Mike Wilkins
Executive VP & COO
$2M
55
5 yrs
Barrie Ernst
VP & Chief Investment Officer
$1M
64
17.3 yrs
Neal Scharmer
VP, General Counsel & Corporate Secretary
$880K
62
18 yrs
Brian Frese
CTO & VP
3.5 yrs
Randy Patten
Assistant Vice President of Finance & Investor Relations
Mike Sheeley
Vice President of Corporate Marketing
57
1 yrs
Tracy Bastian
Vice President of Human Resources
2.1 yrs
Jolene Grow
Assistant Vice President and Underwriting Manager
8 yrs
Board of Directors Tenure
Average tenure and age of the United Fire Group board of directors in years:
- The average tenure for the United Fire Group board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors
Jack Evans
Chairman
$190K
70
9.6 yrs
Randy Ramlo
President
$3M
57
11.3 yrs
Jim Noyce
Vice Chairman of the Board
$186K
62
4.3 yrs
Christopher Drahozal
Director
$148K
56
22.3 yrs
Mary Quass
Director
$148K
68
21.3 yrs
Kyle Skogman
Director
$152K
67
19.3 yrs
Scott Carlton
Director
$140K
49
7 yrs
George Milligan
Director
$140K
61
20.3 yrs
JP Besong
Director
$131K
65
6.3 yrs
Susan Voss
Director
$134K
62
5.3 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
|---|---|---|---|---|---|---|---|---|---|---|
Management checks
We assess United Fire Group's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) United Fire Group has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
News
Simply Wall St News
How Much Of United Fire Group, Inc. (NASDAQ:UFCS) Do Insiders Own?
So it's nice to see some insider ownership, because it may suggest that management is owner-oriented. … With a market capitalization of US$1.1b, United Fire Group is a decent size, so it is probably on the radar of institutional investors. … We can zoom in on the different ownership groups, to learn more about UFCS
Simply Wall St - – Full articleDid United Fire Group's (NASDAQ:UFCS) Share Price Deserve to Gain 53%?
While United Fire Group made a small profit, in the last year, we think that the market is probably more focussed on the top line growth at the moment. … In the last 5 years United Fire Group saw its revenue grow at 3.8% per year. … While it's hard to say just how much value the company added over five years, the annualised share price gain of 8.9% seems about right.
Simply Wall St - – Full articleA Note On United Fire Group, Inc.'s (NASDAQ:UFCS) ROE and Debt To Equity
While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it is important. … Our data shows United Fire Group has a return on equity of 8.7% for the last year. … Return on Equity = Net Profit ÷ Shareholders' Equity
Simply Wall St - – Full articleWhy We Think United Fire Group, Inc. (NASDAQ:UFCS) Could Be Worth Looking At
Building up an investment case requires looking at a stock holistically. … Today I've chosen to put the spotlight on United Fire Group, Inc. … (NASDAQ:UFCS) due to its excellent fundamentals in more than one area.
Simply Wall St - – Full articleCould United Fire Group, Inc.'s (NASDAQ:UFCS) Investor Composition Influence The Stock Price?
So it's nice to see some insider ownership, because it may suggest that management is owner-oriented. … With a market capitalization of US$1.3b, United Fire Group is a decent size, so it is probably on the radar of institutional investors. … See our latest analysis for United Fire Group
Simply Wall St - – Full article4 Days Left Until United Fire Group Inc (NASDAQ:UFCS) Trades Ex-Dividend
Investors who want to cash in on United Fire Group Inc's (NASDAQ:UFCS) upcoming dividend of US$0.31 per share have only 4 days left to buy the shares before its ex-dividend date, 29 November 2018, in time for dividends payable on the 14 December 2018. … Investors looking for higher income-generating stocks to add to their portfolio should keep reading, as I examine United Fire Group's latest financial data to analyse its dividend characteristics. … When assessing a stock as a potential addition to my dividend Portfolio, I look at these five areas:?
Simply Wall St - – Full articleWhat Did United Fire Group Inc's (NASDAQ:UFCS) CEO Take Home Last Year?
This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … How Does Randy Ramlo's Compensation Compare With Similar Sized Companies. … Our data indicates that United Fire Group Inc is worth US$1.3b, and total annual CEO compensation is US$2.6m
Simply Wall St - – Full articleWhere United Fire Group Inc (NASDAQ:UFCS) Stands In Terms Of Earnings Growth Against Its Industry
Today I will assess UFCS's latest performance announced on 30 June 2018 and compare these figures to its longer term trend and industry movements. … Did UFCS's recent earnings growth beat the long-term trend and the industry. … UFCS's trailing twelve-month earnings (from 30 June 2018) of US$47m has.
Simply Wall St - – Full articleThese Factors Make United Fire Group Inc (NASDAQ:UFCS) An Interesting Investment
United Fire Group Inc (NASDAQ:UFCS) is a stock with outstanding fundamental characteristics. … When we build an investment case, we need to look at the stock with a holistic perspective. … that has been able to sustain great financial health over the past
Simply Wall St - – Full articleDoes United Fire Group Inc's (NASDAQ:UFCS) PE Ratio Warrant A Sell?
The content of this article will benefit those of you who are starting to educate yourself about investing in the stock market. … and want to learn about the link between company’s fundamentals and stock market performance. … While this makes UFCS appear like a stock to avoid or sell if you own it, you might change your mind after I explain the assumptions behind the P/E ratio.
Simply Wall St - – Full articleCompany Info
Description
United Fire Group, Inc., together with its subsidiaries, provides property and casualty insurance for individuals and businesses in the United States. The company offers commercial and personal lines of property and casualty insurance, as well as assumed reinsurance products. Its commercial policies include fire and allied lines, other liability, automobile, workers’ compensation, and surety coverage; and personal lines comprise automobile, and fire and allied lines coverage, including homeowners. The company sells its products through a network of independent agencies. United Fire Group, Inc. was founded in 1946 and is headquartered in Cedar Rapids, Iowa.
Details
| Name: | United Fire Group, Inc. |
| UFCS | |
| Exchange: | NasdaqGS |
| Founded: | 1946 |
| $1,177,471,685 | |
| 25,202,733 | |
| Website: | http://www.ufginsurance.com |
| Address: |
United Fire Group, Inc. 118 Second Avenue SE, Cedar Rapids, Iowa, 52401, United States |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| NasdaqGS | UFCS | Common Stock | Nasdaq Global Select | US | USD | 02. Jan 1980 |
Number of employees
Current staff
Industry
| Property and Casualty Insurance | |
| Insurance |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/05/20 01:43 |
| End of day share price update: | 2019/05/17 00:00 |
| Last estimates confirmation: | 2019/05/08 |
| Last earnings filing: | 2019/05/08 |
| Last earnings reported: | 2019/03/31 |
| Last annual earnings reported: | 2018/12/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
