UNITED FIRE GROUP, INC
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.39B | $1.25B | $1.10B | $980.3M | $1.07B | $1.07B | $1.20B | $1.07B |
| Cost of Revenue | — | — | — | — | — | — | — | — |
| Gross Profit | — | — | — | — | — | — | — | — |
| Gross Margin | — | — | — | — | — | — | — | — |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | — | — | — | — | — | — | — | — |
| Operating Income | $159.2M | $84.3M | $-36.5M | $15.3M | $100.0M | $-169.5M | $16.9M | $-9.2M |
| Operating Margin | 11.5% | 6.7% | -3.3% | 1.6% | 9.4% | -15.9% | 1.4% | -0.9% |
| Interest Expense | $11.3M | $7.3M | $3.3M | $3.2M | $3.2M | $0 | $0 | $0 |
| Pretax Income | $147.9M | $77.0M | $-39.7M | $12.1M | $96.8M | $-169.5M | $16.9M | $-9.2M |
| Income Tax Expense | $29.7M | $15.1M | $-10.0M | $-3.0M | $16.2M | $-56.8M | $2.1M | $-11.4M |
| Net Income | $118.2M | $62.0M | $-29.7M | $15.0M | $80.6M | $-112.7M | $14.8M | $27.7M |
| Net Margin | 8.5% | 4.9% | -2.7% | 1.5% | 7.6% | -10.5% | 1.2% | 2.6% |
| EPS (Basic) | $4.64 | $2.45 | $-1.18 | $0.60 | $3.21 | $-4.50 | $0.59 | $1.11 |
| EPS (Diluted) | $4.48 | $2.39 | $-1.18 | $0.59 | $3.16 | $-4.50 | $0.58 | $1.08 |
| Shares Outstanding (Basic) | 25.5M | 25.3M | 25.2M | 25.2M | 25.1M | 25.0M | 25.1M | 25.0M |
| Shares Outstanding (Diluted) | 26.4M | 25.9M | 25.2M | 25.3M | 25.5M | 25.0M | 25.6M | 25.6M |
| Dividends Per Share | $0.64 | $0.64 | $0.64 | $0.63 | $0.60 | $1.14 | $1.30 | $4.21 |