UNITED FIRE GROUP, INC
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $118.2M | $62.0M | $-29.7M | $15.0M | $80.6M | $-112.7M | $14.8M | $27.7M |
| Depreciation & Amortization | $10.8M | $10.9M | $10.5M | $7.7M | $6.6M | $6.7M | $11.2M | $5.2M |
| Depreciation | $9.8M | $10.1M | $9.8M | $7.0M | $5.9M | $5.9M | $10.5M | $4.5M |
| Amortization | $709.0K | $709.0K | $709.0K | $709.0K | $709.0K | $709.0K | — | — |
| Stock-Based Compensation | $9.0M | $5.5M | $3.2M | $2.8M | $3.4M | $5.0M | $6.2M | $5.2M |
| Net Cash from Operating Activities | $269.7M | $340.3M | $171.7M | $-1.3M | $29.9M | $41.4M | $93.8M | $110.1M |
| Investing Activities | ||||||||
| Capital Expenditures | — | — | — | — | — | — | — | — |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $-326.0M | $-292.5M | $-149.9M | $-19.2M | $31.7M | $-92.9M | $4.5M | $-19.2M |
| Financing Activities | ||||||||
| Dividends Paid | $16.3M | $16.2M | $16.2M | $15.9M | $15.1M | $28.5M | $32.7M | $105.4M |
| Stock Repurchases | — | — | $0 | $0 | $2.0M | $2.7M | $11.7M | $5.4M |
| Net Cash from Financing Activities | $11.6M | $51.1M | $-16.5M | $-15.0M | $-17.5M | $18.7M | $-42.0M | $-115.2M |
| Net Change in Cash | $-44.6M | $98.9M | $5.4M | $-35.5M | $44.2M | $-32.8M | $56.3M | $-24.3M |
| Free Cash Flow | — | — | — | — | — | — | — | — |