United Fire Group, Inc.

United Fire Group, Inc.

UFCSยทNASDAQ

$43.70

-1.2%
Financial ServicesInsurance - Property & Casualty

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; and commercial multiple peril and inland marine insurance, as well as assumed reinsurance products. Its commercial policies include fire and allied lines, other liability, automobile, workers' compensation, and fidelity 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.

At a Glance

Live Snapshot
Market Cap$1.12B
EPS4.4800
P/E Ratio8.11
Earnings Date08/04/2026

Intrinsic Alpha Methodology

Thesis Lenses

Signal ยท Driver ยท Risk

Signal

High confidence

Valuation multiple is compressed (P/E 8.1).

Valuation inputs: P/E 8.1, earnings yield +12.3%, momentum -1.2%.

If multiples stay elevated while momentum fades, downside repricing risk rises.

Driver

High confidence

Return profile is acceptable (ROE +12.6%, ROIC +9.4%).

Profitability stack: net margin +8.5%, ROE +12.6%, ROIC +9.4%.

Quality deterioration often appears in margins before it shows up in headline EPS.

Risk

High confidence

Risk profile is balanced but has notable pressure points to monitor.

Risk factors: liabilities/assets +75.5%, momentum -1.2%, net margin +8.5%.

Higher leverage with weak momentum and thin margins can amplify drawdown severity.

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United Fire Group, Inc. Market vs Earnings Trajectory

UFCS ยท NASDAQ

Loading price and EPS data...

United Fire Group, Inc.

United Fire Group, Inc. Fair Value Envelope

UFCS ยท NASDAQ

Our analysis suggests that UFCS has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $43.7, this represents a potential HIDDEN relative to our calculated worth for United Fire Group, Inc..

Intrinsic Value
Current Price: $43.7
3Y+647.0%
5Y-200.0%
10Y+129.0%
3Y+40.0%
5Y+29.0%
10Y+41.0%
3Y+686.0%
5Y-205.0%
10Y+137.0%
3Y-21662.0%
5Y+551.0%
10Y+26.0%
3Y-7871.0%
5Y+1066.0%
10Y+27.0%
3Y+33.0%
5Y+25.0%
10Y-5.0%
United Fire Group, Inc.

United Fire Group, Inc. Profit Bridge

UFCS ยท NASDAQ
Revenue1.39B
Cost of Goods Sold (764.40M)
Gross Profit622.01M
Operating Expenses (474.07M)
Operating Income147.94M
Interest Expense (11.27M)
Other Income/Expense0.00
Pretax Income147.94M
Income Tax (29.75M)
Net Income118.19M
Net Income
118.19M

Profitability Analysis

Gross Margin

44.9%

Strong gross margins indicate healthy pricing and efficient production or service delivery.

Operating Margin

10.7%

Acceptable margins but limited operational leverage. Operating expense control is important.

Net Profit Margin

8.5%

Moderate profitability with room for improvement. Monitor interest expenses and tax efficiency.

Effective Tax Rate

20.1%

Moderate tax rate typical for most corporations. Represents standard tax burden on profits.

Profitability Insight

Room for improvement: Moderate profitability with opportunities to enhance margins through better cost management or pricing strategy.

44.86%
Gross Profit Margin
149%
3Y+222.0%
5Y-33259.0%
10Y-56.0%
10.67%
Operating Profit Margin
73%
3Y+773.0%
5Y-168.0%
10Y-89.0%
8.53%
Net Profit Margin
72%
3Y+460.0%
5Y-182.0%
10Y+68.0%
12.56%
Return on Equity
58%
3Y+518.0%
5Y-192.0%
10Y+137.0%
3.08%
Return on Assets
73%
3Y+490.0%
5Y-184.0%
10Y+150.0%
9.36%
Return on Invested Capital
3Y-752.0%
5Y-
10Y-107.0%
UFCS

United Fire Group, Inc. Cash Conversion Engine

UFCS ยท NASDAQ
Net Income118.19M
Depreciation & Amortization0.00
Stock-Based Compensation0.00
Change in Working Capital131.57M
Others19.98M
Capital Expenditures-6.45M
Free Cash Flow263.30M

Cash Flow Quality Analysis

FCF Conversion Rate

222.8%

Excellent cash generation. The company converts earnings to cash at or above 100%, indicating high-quality earnings.

CapEx Intensity

2.4%

Asset-light business model. Low capital requirements leave more cash available for shareholders and growth investments.

FCF Growth Trend

-19.8%

Significant FCF decline raises concerns. Urgent review needed of operational performance and capital allocation.

Working Capital Impact

+$131.57M

Working capital inflow boosted cash flow. Efficient management of receivables, inventory, and payables contributing positively.

Cash Flow Quality Insight

Asset-light with strong cash conversion: Low capital requirements combined with efficient cash generation creates significant shareholder value through dividends, buybacks, or strategic investments.

ufcs

United Fire Group, Inc. Funding & Solvency Profile

UFCS ยท NASDAQ
Cash & Cash Equivalents162.03M
Net Receivables0.00
Inventory0.00
Other Current Assets0.00
Total Current Assets162 M
Property, Plant & Equipment0.00
Goodwill & Intangible Assets0.00
Long-Term Investments0.00
Other Non-Current Assets0.00
Total Non-Current Assets0
Total Assets
3.91B

Financial Health Analysis

Debt-to-Equity Ratio

3.11x

High financial leverage. Heavy reliance on debt may indicate increased financial risk and potential solvency concerns.

Working Capital

162 M

Strong working capital position provides significant operational flexibility and financial cushion.

Asset Composition

4% Current

Capital-intensive business with significant long-term investments in property, equipment, or intangibles.

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United Fire Group, Inc. Street Expectations Map

UFCS ยท NASDAQ

Wall Street analysts project that UFCS stock may rise significantly over the coming 12 months. The consensus 1-year price target stands at 57.00, with estimates ranging from a low of 57.00 to a high of 57.00.

Lowest Target
57.00
30.43%
Consensus Target
57.00
30.43%
Highest Target
57.00
30.43%

The consensus 1-year price target stands at 57.00, with estimates ranging from a low of 57.00 to a high of 57.00.

Analyst Consensus Analysis

Upside Potential

+30.4%

Substantial upside potential. Analysts see significant value gap, suggesting the stock may be materially undervalued at current levels.

Analyst Agreement

0.0% spread

High analyst agreement. Narrow target range indicates strong consensus on valuation, suggesting clear investment thesis and predictable outlook.

Analyst Conviction

Very High

Strong buy conviction: High upside with tight consensus suggests compelling investment opportunity backed by analyst confidence.

Market Sentiment Insight

Rare opportunity: Exceptional upside potential with strong analyst consensus creates a compelling setup. The combination of significant price target premium and tight agreement suggests high-conviction undervaluation that may attract institutional capital.

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United Fire Group, Inc. Insider Positioning

UFCS ยท NASDAQ

During the last 12 months, insiders have sold $692K worth of UFCS shares, with no buying activity reported.

3 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

3-6 Months

Bought

0

0.00

Sold

17.0K

654.97K

Net Activity

-655K

-$655K

6-9 Months

Bought

0

0.00

Sold

1.1K

37.09K

Net Activity

-37K

-$37K

9-12 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

Top Buyers

No buying activity

Top Sellers

1
DCR

Drahozal Christopher R

Director

12.8K sharesโ€ข3 transactions

$490K

2
MDA

Mcintyre Dee Ann

10 Percent Owner

4.3K sharesโ€ข1 transactions

$165K

3
BJPE

Besong John Paul E

Director

1.1K sharesโ€ข1 transactions

$37K

Insider Activity Analysis

Net Insider Sentiment

Bearish

Strong bearish signal with $692K net selling. Heavy insider selling may indicate concerns about valuation or near-term prospects.

Buy/Sell Ratio

0.00:1

Very poor ratio. Heavy selling with minimal buying suggests insiders may be concerned about valuation or outlook.

Insider Participation

High Selling

3 insider sellers vs. 0 buyers. Widespread selling across multiple insiders may signal concerns.

0.00%
Dividend Yield
-100%
3Y-100.0%
5Y-100.0%
10Y-100.0%
ย 

ufcs Dividend History

UFCS
10Y CAGR 2%
Latest $0.2
Annual $0.88
Stable dividend payments
Last Period: +0%