United Fire Group Inc
United Fire Group, Inc., together with its subsidiaries, provides property and casualty insurance for individuals and businesses in the United States. Its commercial lines include fire and allied lines, other liability, automobile, workers' compensation, fidelity and surety coverage, and other insurance products; and personal lines comprise automobile, and fire and allied lines coverage, includin… Read more
United Fire Group Inc (UFCS) - Net Assets
Latest net assets as of September 2025: $898.71 Million USD
Based on the latest financial reports, United Fire Group Inc (UFCS) has net assets worth $898.71 Million USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($3.75 Billion) and total liabilities ($2.86 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $898.71 Million |
| % of Total Assets | 23.94% |
| Annual Growth Rate | 8.05% |
| 5-Year Change | -73.9% |
| 10-Year Change | -11.08% |
| Growth Volatility | 241.98 |
United Fire Group Inc - Net Assets Trend (1985–2024)
This chart illustrates how United Fire Group Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for United Fire Group Inc (1985–2024)
The table below shows the annual net assets of United Fire Group Inc from 1985 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $781.53 Million | +6.51% |
| 2023-12-31 | $733.75 Million | -0.86% |
| 2022-12-31 | $740.11 Million | -74.79% |
| 2021-12-31 | $2.94 Billion | -1.96% |
| 2020-12-31 | $2.99 Billion | +228.92% |
| 2019-12-31 | $910.47 Million | +2.49% |
| 2018-12-31 | $888.38 Million | -8.73% |
| 2017-12-31 | $973.37 Million | +3.34% |
| 2016-12-31 | $941.88 Million | +7.17% |
| 2015-12-31 | $878.90 Million | +7.52% |
| 2014-12-31 | $817.41 Million | +4.42% |
| 2013-12-31 | $782.83 Million | +7.36% |
| 2012-12-31 | $729.18 Million | +4.75% |
| 2011-12-31 | $696.14 Million | -2.83% |
| 2010-12-31 | $716.42 Million | +650.58% |
| 2009-12-31 | $95.45 Million | +1283.72% |
| 2008-12-31 | $6.90 Million | -99.08% |
| 2007-12-31 | $751.50 Million | +10.38% |
| 2006-12-31 | $680.81 Million | +36.10% |
| 2005-12-31 | $500.21 Million | -3.43% |
| 2004-12-31 | $518.00 Million | +17.89% |
| 2003-12-31 | $439.38 Million | +23.58% |
| 2002-12-31 | $355.55 Million | +141.95% |
| 2001-12-31 | $-847.50 Million | -415.01% |
| 2000-12-31 | $269.04 Million | +13.14% |
| 1999-12-31 | $237.79 Million | -7.21% |
| 1998-12-31 | $256.28 Million | -7.55% |
| 1997-12-31 | $277.21 Million | +21.66% |
| 1996-12-31 | $227.86 Million | +9.15% |
| 1995-12-31 | $208.75 Million | +22.29% |
| 1994-12-31 | $170.70 Million | +10.41% |
| 1993-12-31 | $154.60 Million | +10.90% |
| 1992-12-31 | $139.40 Million | +1.75% |
| 1991-12-31 | $137.00 Million | +16.70% |
| 1990-12-31 | $117.40 Million | +12.88% |
| 1989-12-31 | $104.00 Million | +13.79% |
| 1988-12-31 | $91.40 Million | +19.79% |
| 1987-12-31 | $76.30 Million | +20.92% |
| 1986-12-31 | $63.10 Million | +65.62% |
| 1985-12-31 | $38.10 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to United Fire Group Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 2562.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $620.44 Million | 79.39% |
| Common Stock | $25.00K | 0.00% |
| Other Comprehensive Income | $-54.78 Million | -7.01% |
| Other Components | $215.85 Million | 27.62% |
| Total Equity | $781.53 Million | 100.00% |
United Fire Group Inc Competitors by Market Cap
The table below lists competitors of United Fire Group Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Vimian Group AB (publ)
PINK:VIMGF
|
$829.05 Million |
|
JEPA
F:JEPA
|
$829.15 Million |
|
Basic-Fit N.V
PINK:BSFFF
|
$829.31 Million |
|
Lecron Energy Saving Materials
SHE:300343
|
$829.53 Million |
|
Huhtamaki Oyj
NYSE:HMKIY
|
$828.92 Million |
|
Anhui Jiangnan Chemical Industry Co Ltd
SHE:002226
|
$828.66 Million |
|
Rent-A-Center Inc
F:RAC
|
$828.09 Million |
|
The Karnataka Bank Limited
NSE:KTKBANK
|
$827.96 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in United Fire Group Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 733,745,000 to 781,531,000, a change of 47,786,000 (6.5%).
- Net income of 61,957,000 contributed positively to equity growth.
- Dividend payments of 16,212,000 reduced retained earnings.
- New share issuances of 348,000 increased equity.
- Other comprehensive income decreased equity by 3,824,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $61.96 Million | +7.93% |
| Dividends Paid | $16.21 Million | -2.07% |
| Share Issuances | $348.00K | +0.04% |
| Other Comprehensive Income | $-3.82 Million | -0.49% |
| Other Changes | $5.52 Million | +0.71% |
| Total Change | $- | 6.51% |
Book Value vs Market Value Analysis
This analysis compares United Fire Group Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.25x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 16.90x to 1.25x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1985-12-31 | $2.22 | $37.55 | x |
| 1986-12-31 | $3.58 | $37.55 | x |
| 1987-12-31 | $3.37 | $37.55 | x |
| 1988-12-31 | $4.03 | $37.55 | x |
| 1989-12-31 | $4.74 | $37.55 | x |
| 1990-12-31 | $5.43 | $37.55 | x |
| 1991-12-31 | $6.33 | $37.55 | x |
| 1992-12-31 | $6.44 | $37.55 | x |
| 1993-12-31 | $7.14 | $37.55 | x |
| 1994-12-31 | $7.88 | $37.55 | x |
| 1995-12-31 | $9.64 | $37.55 | x |
| 1996-12-31 | $10.57 | $37.55 | x |
| 1997-12-31 | $12.92 | $37.55 | x |
| 1998-12-31 | $12.33 | $37.55 | x |
| 1999-12-31 | $11.80 | $37.55 | x |
| 2000-12-31 | $12.81 | $37.55 | x |
| 2001-12-31 | $13.90 | $37.55 | x |
| 2002-12-31 | $17.71 | $37.55 | x |
| 2003-12-31 | $17.36 | $37.55 | x |
| 2004-12-31 | $20.39 | $37.55 | x |
| 2005-12-31 | $22.20 | $37.55 | x |
| 2006-12-31 | $25.97 | $37.55 | x |
| 2007-12-31 | $27.19 | $37.55 | x |
| 2008-12-31 | $23.80 | $37.55 | x |
| 2009-12-31 | $25.30 | $37.55 | x |
| 2010-12-31 | $27.35 | $37.55 | x |
| 2011-12-31 | $26.90 | $37.55 | x |
| 2012-12-31 | $28.59 | $37.55 | x |
| 2013-12-31 | $30.66 | $37.55 | x |
| 2014-12-31 | $32.06 | $37.55 | x |
| 2015-12-31 | $34.83 | $37.55 | x |
| 2016-12-31 | $36.50 | $37.55 | x |
| 2017-12-31 | $37.96 | $37.55 | x |
| 2018-12-31 | $34.67 | $37.55 | x |
| 2019-12-31 | $35.59 | $37.55 | x |
| 2020-12-31 | $32.97 | $37.55 | x |
| 2021-12-31 | $35.04 | $37.55 | x |
| 2022-12-31 | $29.23 | $37.55 | x |
| 2023-12-31 | $29.06 | $37.55 | x |
| 2024-12-31 | $30.15 | $37.55 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently United Fire Group Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 7.93%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.95%
- • Asset Turnover: 0.36x
- • Equity Multiplier: 4.46x
- Recent ROE (7.93%) is above the historical average (7.67%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1985 | 0.26% | 0.10% | 0.57x | 4.56x | $-3.71 Million |
| 1986 | 12.68% | 6.90% | 0.50x | 3.66x | $1.69 Million |
| 1987 | 23.20% | 12.84% | 0.51x | 3.56x | $10.07 Million |
| 1988 | 21.12% | 12.84% | 0.48x | 3.42x | $10.16 Million |
| 1989 | 10.77% | 7.77% | 0.39x | 3.54x | $800.00K |
| 1990 | 17.21% | 12.03% | 0.40x | 3.61x | $8.46 Million |
| 1991 | 10.95% | 8.10% | 0.36x | 3.73x | $1.30 Million |
| 1992 | 1.22% | 0.80% | 0.34x | 4.50x | $-12.24 Million |
| 1993 | 12.03% | 8.54% | 0.30x | 4.74x | $3.14 Million |
| 1994 | 13.18% | 9.62% | 0.28x | 4.85x | $5.43 Million |
| 1995 | 13.80% | 10.89% | 0.28x | 4.52x | $7.93 Million |
| 1996 | 9.64% | 7.31% | 0.29x | 4.50x | $-825.90K |
| 1997 | 10.36% | 9.23% | 0.27x | 4.18x | $1.01 Million |
| 1998 | 9.24% | 7.00% | 0.27x | 4.88x | $-1.95 Million |
| 1999 | 6.47% | 4.36% | 0.24x | 6.17x | $-8.40 Million |
| 2000 | 6.03% | 3.69% | 0.25x | 6.50x | $-10.22 Million |
| 2001 | 8.64% | 5.09% | 0.65x | 2.60x | $-3.81 Million |
| 2002 | 5.85% | 4.07% | 0.24x | 6.07x | $-14.77 Million |
| 2003 | 14.86% | 9.69% | 0.24x | 6.43x | $18.18 Million |
| 2004 | 17.43% | 12.96% | 0.24x | 5.68x | $33.60 Million |
| 2005 | 1.81% | 1.46% | 0.23x | 5.44x | $-40.98 Million |
| 2006 | 12.94% | 13.86% | 0.23x | 4.08x | $20.00 Million |
| 2007 | 14.82% | 17.45% | 0.23x | 3.67x | $36.24 Million |
| 2008 | -2.04% | -2.17% | 0.28x | 3.31x | $-77.24 Million |
| 2009 | -1.55% | -1.82% | 0.24x | 3.58x | $-77.71 Million |
| 2010 | 6.63% | 8.04% | 0.20x | 4.20x | $-24.13 Million |
| 2011 | 0.00% | 0.00% | 0.19x | 5.20x | $-69.60 Million |
| 2012 | 5.51% | 4.96% | 0.22x | 5.07x | $-32.71 Million |
| 2013 | 9.73% | 8.75% | 0.23x | 4.75x | $-2.14 Million |
| 2014 | 7.23% | 6.29% | 0.24x | 4.72x | $-22.60 Million |
| 2015 | 10.14% | 9.94% | 0.23x | 4.43x | $1.24 Million |
| 2016 | 5.30% | 5.06% | 0.24x | 4.30x | $-44.28 Million |
| 2017 | 5.24% | 4.83% | 0.25x | 4.30x | $-46.31 Million |
| 2018 | 3.11% | 2.56% | 0.38x | 3.17x | $-61.19 Million |
| 2019 | 1.63% | 1.23% | 0.40x | 3.31x | $-76.23 Million |
| 2020 | -13.66% | -10.45% | 0.35x | 3.72x | $-195.22 Million |
| 2021 | 9.17% | 7.63% | 0.35x | 3.43x | $-7.32 Million |
| 2022 | 2.03% | 1.52% | 0.34x | 3.89x | $-58.98 Million |
| 2023 | -4.05% | -2.70% | 0.35x | 4.29x | $-103.07 Million |
| 2024 | 7.93% | 4.95% | 0.36x | 4.46x | $-16.20 Million |
Industry Comparison
This section compares United Fire Group Inc's net assets metrics with peer companies in the Insurance - Property & Casualty industry.
Industry Context
- Industry: Insurance - Property & Casualty
- Average net assets among peers: $3,948,110,200
- Average return on equity (ROE) among peers: 16.04%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| United Fire Group Inc (UFCS) | $898.71 Million | 0.26% | 3.18x | $828.99 Million |
| American Coastal Insurance Corp (ACIC) | $45.29 Million | -2.04% | 3.72x | $250.00 Million |
| American Financial Group Inc (AFG) | $1.95 Billion | -0.76% | 7.91x | $8.54 Billion |
| AmTrust Financial Services Inc Pref Series A (AFSIA) | $118.83 Million | 11.87% | 3.19x | $1.69 Billion |
| Aspen Insurance Holdings Limited (AHL) | $2.39 Billion | 15.82% | 1.78x | $14.67 Million |
| American Integrity Insurance Group, Inc. (AII) | $337.02 Million | 29.56% | 2.63x | $227.08 Million |
| Assurant Inc (AIZ) | $3.37 Billion | 2.66% | 6.24x | $10.74 Billion |
| The Allstate Corporation (ALL) | $30.61 Billion | 33.59% | 2.91x | $53.61 Billion |
| Admiral Group plc (AMIGF) | $68.95 Million | 44.87% | 4.47x | $10.33 Billion |
| Ategrity Specialty Insurance Company Holdings (ASIC) | $398.81 Million | 11.81% | 1.82x | $155.46 Million |
| Bowhead Specialty Holdings Inc. (BOW) | $192.08 Million | 13.04% | 4.35x | $707.67 Million |