United Fire Group
Market Cap
US$578.7m
Last Updated
2020/10/26 05:41 UTC
Data Sources
Company Financials +
Executive Summary
United Fire Group, Inc., together with its subsidiaries, provides property and casualty insurance for individuals and businesses in the United States. More Details
Snowflake Analysis
Excellent balance sheet average dividend payer.
Similar Companies
Share Price & News
How has United Fire Group's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: UFCS has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
7.7%
UFCS
3.0%
US Insurance
0.4%
US Market
1 Year Return
-49.2%
UFCS
-9.5%
US Insurance
17.8%
US Market
Return vs Industry: UFCS underperformed the US Insurance industry which returned -9.5% over the past year.
Return vs Market: UFCS underperformed the US Market which returned 17.8% over the past year.
Shareholder returns
| UFCS | Industry | Market | |
|---|---|---|---|
| 7 Day | 7.7% | 3.0% | 0.4% |
| 30 Day | 16.9% | 8.2% | 6.1% |
| 90 Day | -12.3% | 3.4% | 8.9% |
| 1 Year | -47.1%-49.2% | -7.0%-9.5% | 20.5%17.8% |
| 3 Year | -42.7%-50.3% | 3.0%-4.4% | 42.3%32.9% |
| 5 Year | -25.4%-38.3% | 39.5%21.9% | 84.2%63.4% |
Price Volatility Vs. Market
How volatile is United Fire Group's share price compared to the market and industry in the last 5 years?
Simply Wall St News
5 days ago | Simply Wall St
A Look At United Fire Group's (NASDAQ:UFCS) Share Price Returns1 month ago | Simply Wall St
Our Take On United Fire Group's (NASDAQ:UFCS) CEO Salary1 month ago | Simply Wall St
Do These 3 Checks Before Buying United Fire Group, Inc. (NASDAQ:UFCS) For Its Upcoming DividendValuation
Is United Fire Group undervalued compared to its fair value and its price relative to the market?
0.67x
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: UFCS ($23.12) is trading above our estimate of fair value ($0.59)
Significantly Below Fair Value: UFCS is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: UFCS is unprofitable, so we can't compare its PE Ratio to the US Insurance industry average.
PE vs Market: UFCS is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate UFCS's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: UFCS is good value based on its PB Ratio (0.7x) compared to the US Insurance industry average (0.9x).
Next Steps
Future Growth
How is United Fire Group forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
132.5%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: UFCS is forecast to remain unprofitable over the next 3 years.
Earnings vs Market: UFCS is forecast to remain unprofitable over the next 3 years.
High Growth Earnings: UFCS is forecast to remain unprofitable over the next 3 years.
Revenue vs Market: UFCS's revenue (8.3% per year) is forecast to grow slower than the US market (9.9% per year).
High Growth Revenue: UFCS's revenue (8.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if UFCS's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has United Fire Group performed over the past 5 years?
-50.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: UFCS is currently unprofitable.
Growing Profit Margin: UFCS is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: UFCS is unprofitable, and losses have increased over the past 5 years at a rate of 50% per year.
Accelerating Growth: Unable to compare UFCS's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: UFCS is unprofitable, making it difficult to compare its past year earnings growth to the Insurance industry (-3.2%).
Return on Equity
High ROE: UFCS has a negative Return on Equity (-10.7%), as it is currently unprofitable.
Next Steps
Financial Health
How is United Fire Group's financial position?
Financial Position Analysis
Short Term Liabilities: UFCS's short term assets ($729.7M) do not cover its short term liabilities ($2.2B).
Long Term Liabilities: UFCS's short term assets ($729.7M) exceed its long term liabilities ($14.5M).
Debt to Equity History and Analysis
Debt Level: UFCS is debt free.
Reducing Debt: UFCS has not had any debt for past 5 years.
Debt Coverage: UFCS has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: UFCS has no debt, therefore coverage of interest payments is not a concern.
Balance Sheet
Next Steps
Dividend
What is United Fire Group current dividend yield, its reliability and sustainability?
5.71%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: UFCS's dividend (5.71%) is higher than the bottom 25% of dividend payers in the US market (1.63%).
High Dividend: UFCS's dividend (5.71%) is in the top 25% of dividend payers in the US market (4.56%)
Stability and Growth of Payments
Stable Dividend: UFCS's dividends per share have been stable in the past 10 years.
Growing Dividend: UFCS's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: UFCS is paying a dividend but the company is unprofitable.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
5.2yrs
Average management tenure
CEO
Randy Ramlo (59 yo)
13.42yrs
Tenure
US$2,266,669
Compensation
Mr. Randy Allan Ramlo serves as President and Director of United Fire & Casualty Company. Mr. Ramlo has served as President and Chief Executive Officer of United Fire Group, Inc. since May 2007 and also ha ...
CEO Compensation Analysis
Compensation vs Market: Randy's total compensation ($USD2.27M) is about average for companies of similar size in the US market ($USD1.93M).
Compensation vs Earnings: Randy's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 13.42yrs | US$2.27m | 0.16% $ 922.9k | |
| EVP & CFO | 5.42yrs | US$1.00m | 0.11% $ 638.4k | |
| Executive VP & COO | 6.42yrs | US$1.41m | 0.16% $ 942.4k | |
| VP, General Counsel & Corporate Secretary | 19.42yrs | US$835.99k | 0.067% $ 389.0k | |
| VP and Chief Investment & Strategy Officer | 0.33yr | no data | 0.021% $ 119.0k | |
| CTO & VP | 4.92yrs | no data | no data | |
| Assistant VP & Controller | 4.83yrs | no data | no data | |
| VP & Chief Marketing Officer | 2.42yrs | no data | no data | |
| Vice President of Human Resources | 3.5yrs | no data | no data | |
| Assistant VP & Underwriting Manager | 9.42yrs | no data | no data | |
| Asst. VP & Region Marketing Manager | 9.42yrs | no data | no data | |
| VP & Chief Claims Officer | 1.67yrs | no data | 0.027% $ 158.2k |
5.2yrs
Average Tenure
57yo
Average Age
Experienced Management: UFCS's management team is seasoned and experienced (5.2 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 13.42yrs | US$2.27m | 0.16% $ 922.9k | |
| Independent Vice Chairman of the Board | 5.75yrs | US$191.00k | 0.067% $ 386.2k | |
| Independent Director | 23.75yrs | US$152.00k | 1.67% $ 9.7m | |
| Independent Director | 21.75yrs | US$136.00k | 0.17% $ 956.8k | |
| Independent Director | 22.75yrs | US$151.50k | 0.081% $ 470.0k | |
| Chairman | 11yrs | US$193.00k | 0.25% $ 1.4m | |
| Independent Director | 20.75yrs | US$155.00k | 0.15% $ 845.9k | |
| Independent Director | 7.67yrs | US$134.00k | 0.050% $ 290.1k | |
| Independent Director | 6.67yrs | US$138.00k | 0.042% $ 243.4k | |
| Independent Director | 8.42yrs | US$150.25k | 0.52% $ 3.0m | |
| Independent Director | 3.92yrs | US$142.00k | 0.025% $ 145.3k | |
| Independent Director | 0.42yr | no data | 0.0094% $ 54.3k |
9.7yrs
Average Tenure
64yo
Average Age
Experienced Board: UFCS's board of directors are considered experienced (9.7 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: UFCS insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
United Fire Group, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: United Fire Group, Inc.
- Ticker: UFCS
- Exchange: NasdaqGS
- Founded: 1946
- Industry: Property and Casualty Insurance
- Sector: Insurance
- Market Cap: US$578.722m
- Shares outstanding: 25.03m
- Website: https://www.ufginsurance.com
Number of Employees
Location
- United Fire Group, Inc.
- 118 Second Avenue SE
- Cedar Rapids
- Iowa
- 52401
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| UFCS | NasdaqGS (Nasdaq Global Select) | Yes | Common Stock | US | USD | Jan 1980 |
Biography
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 pr ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/10/26 05:41 |
| End of Day Share Price | 2020/10/23 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2019/12/31 |
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.