United Fire Group Inc
NASDAQ: UFCS · FINANCIAL SERVICES · INSURANCE - PROPERTY & CASUALTY
Updated 2026-06-05
United Fire Group Inc (UFCS) Financial statements
SEC filings — annual and quarterly data.
Balance sheet — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $2.78B | $2.76B | $2.12B | $2.41B | $3.01B | $3.62B | $3.69B | $3.72B | $3.86B | $3.89B | $4.05B | $4.18B | $2.82B | $3.01B | $3.07B | $3.01B | $2.88B | $3.14B | $3.49B | $3.84B |
| Cash & equivalents | $255.04M | $252.56M | $109.58M | $190.85M | $180.06M | $144.53M | $107.47M | $92.19M | $90.57M | $106.45M | $110.85M | $95.56M | $64.45M | $120.72M | $87.95M | $132.10M | $96.65M | $102.05M | $200.95M | $156.33M |
| Current assets | $410.00M | $451.96M | $26.14M | $132.72M | $305.62M | $420.40M | $296.56M | $311.63M | $339.78M | $383.14M | $417.23M | $424.25M | $411.45M | $478.53M | $632.15M | $609.34M | $462.65M | $566.94M | $651.85M | $2.06B |
| Total liabilities | $2.10B | $2.01B | $2.12B | $2.31B | $2.29B | $2.92B | $2.97B | $2.94B | $3.04B | $3.01B | $3.11B | $3.21B | $1.93B | $2.10B | $74.93M | $76.75M | $2.14B | $2.41B | $2.71B | $2.90B |
| Current liabilities | — | — | — | — | $2.29B | $2.88B | $2.52B | $142.68M | $5.01M | $4.92M | $1.21B | $1.33B | $1.37B | $139.65M | $1.55B | $1.50B | $1.46B | $142.64M | $1.75B | $2.59B |
| Long-term debt | — | — | — | — | — | $15.63M | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | — | — | $50.00M | $50.00M | $50.00M | $50.00M | $117.06M | $146.20M |
| Shareholder equity | $680.81M | $751.50M | $6.90M | $95.45M | $716.42M | $696.14M | $729.18M | $782.83M | $817.41M | $878.90M | $941.88M | $973.37M | $888.38M | $910.47M | $2.99B | $2.94B | $740.11M | $733.75M | $781.53M | $941.17M |
| Retained earnings | $343.76M | $439.86M | $410.63M | $384.24M | $415.98M | $400.49M | $425.43M | $484.08M | $523.54M | $591.01M | $616.32M | $608.70M | $715.47M | $697.12M | $555.85M | $621.38M | $620.55M | $574.69M | $620.44M | $722.32M |
| Accounts receivable | $126.69M | $121.06M | $161.27M | $155.65M | $124.46M | $199.09M | $188.29M | $218.63M | $249.03M | $276.52M | $306.20M | $328.51M | $346.82M | $357.63M | $544.03M | $476.96M | $365.73M | $464.79M | $695.81M | $755.20M |
| Inventory | — | — | — | — | — | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $-507.95M | $-551.49M | $-490.75M | $-569.54M | $-518.69M | $-558.70M | $-629.05M | $-566.84M | — | — |
| Goodwill | — | — | — | — | — | $30.80M | $15.09M | $15.09M | $15.09M | $15.09M | $15.09M | $15.09M | $15.09M | $15.09M | $6.74M | — | — | — | — | — |
Frequently asked questions
What is United Fire Group Inc's revenue?
United Fire Group Inc's trailing twelve-month revenue is $1.42B. Revenue is the top line the whole model builds on, and at this scale the question shifts from how fast it grows to whether margins hold as it compounds.
How profitable is UFCS?
In its most recent fiscal year, UFCS ran a gross margin of 44.86%, an operating margin of 10.67%, and a net margin of 8.52%. Margins this high mean most of each extra dollar of revenue drops through to profit, which is the signature of real pricing power.
How much free cash flow does UFCS generate?
UFCS produced $263.30M in free cash flow in its most recent fiscal year. Free cash flow is what is left after running and reinvesting in the business, and it is the cash that actually funds buybacks, dividends, and a stronger balance sheet.
Is UFCS's balance sheet healthy?
UFCS holds $156.33M in cash and equivalents against $146.20M in long-term debt, on $941.17M of shareholder equity. Cash on hand exceeds long-term debt, so the balance sheet adds little financial risk to the thesis.