United Fire Group Inc Net Assets
United Fire Group Inc net assets. Based on the latest financial reports, United Fire Group Inc (UFCS) has net assets worth $977.34 Million USD as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($4.01 Billion) and total liabilities ($3.04 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. Also explore UFCS year-over-year net asset growth to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $977.34 Million |
| % of Total Assets | 24.35% |
| Annual Growth Rate | 8.35% |
| 5-Year Change | -67.94% |
| 10-Year Change | -0.08% |
| Growth Volatility | 238.9 |
Net Assets of United Fire Group Inc (1985–2025)
Net assets of United Fire Group Inc from 1985 to 2025. This chart illustrates how United Fire Group Inc's net assets have evolved over time, based on quarterly financial data. See United Fire Group Inc (UFCS) balance sheet quality index to measure how much of total assets are equity-financed.
Annual Net Assets for United Fire Group Inc (1985–2025)
The table below shows the annual net assets of United Fire Group Inc from 1985 to 2025. For live market cap and overall valuation, see UFCS market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $941.17 Million | +20.43% |
| 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 3000.1% over the analyzed period, indicating profitable operations and earnings retention.
United Fire Group Inc Net Assets Breakdown (December 2025)
United Fire Group Inc net assets breakdown by equity component as of December 2025.
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $722.32 Million | 76.75% |
| Common Stock | $25.00K | 0.00% |
| Other Comprehensive Income | $-5.06 Million | -0.54% |
| Other Components | $223.89 Million | 23.79% |
| Total Equity | $941.17 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 |
|---|---|
|
Deterra Royalties Ltd
AU:DRR
|
$1.42 Billion |
|
Perpetual Ltd
AU:PPT
|
$1.42 Billion |
|
Hyosung Corp
KO:004800
|
$1.42 Billion |
|
Blackrock Innovation & Growth Trust
NYSE:BIGZ
|
$1.43 Billion |
|
Zhe Jiang Dali Technology Co Ltd
SHE:002214
|
$1.42 Billion |
|
Anhui Wanwei Updated High-tech Material Industry Co Ltd
SHG:600063
|
$1.42 Billion |
|
Insperity Inc
NYSE:NSP
|
$1.42 Billion |
|
Scientech Corp
TW:3583
|
$1.42 Billion |
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 2024 to 2025, total equity changed from 781,531,000 to 941,170,000, a change of 159,639,000 (20.4%).
- Net income of 118,191,000 contributed positively to equity growth.
- Dividend payments of 16,306,000 reduced retained earnings.
- Share repurchases of 993,000 reduced equity.
- Other comprehensive income increased equity by 49,718,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $118.19 Million | +12.56% |
| Dividends Paid | $16.31 Million | -1.73% |
| Share Repurchases | $993.00K | -0.11% |
| Other Comprehensive Income | $49.72 Million | +5.28% |
| Other Changes | $9.03 Million | +0.96% |
| Total Change | $- | 20.43% |
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: 1.60x
- 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 25.69x to 1.60x 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 | $57.08 | x |
| 1986-12-31 | $3.58 | $57.08 | x |
| 1987-12-31 | $3.37 | $57.08 | x |
| 1988-12-31 | $4.03 | $57.08 | x |
| 1989-12-31 | $4.74 | $57.08 | x |
| 1990-12-31 | $5.43 | $57.08 | x |
| 1991-12-31 | $6.33 | $57.08 | x |
| 1992-12-31 | $6.44 | $57.08 | x |
| 1993-12-31 | $7.14 | $57.08 | x |
| 1994-12-31 | $7.88 | $57.08 | x |
| 1995-12-31 | $9.64 | $57.08 | x |
| 1996-12-31 | $10.57 | $57.08 | x |
| 1997-12-31 | $12.92 | $57.08 | x |
| 1998-12-31 | $12.33 | $57.08 | x |
| 1999-12-31 | $11.80 | $57.08 | x |
| 2000-12-31 | $12.81 | $57.08 | x |
| 2001-12-31 | $-42.22 | $57.08 | x |
| 2002-12-31 | $17.71 | $57.08 | x |
| 2003-12-31 | $17.36 | $57.08 | x |
| 2004-12-31 | $20.39 | $57.08 | x |
| 2005-12-31 | $22.20 | $57.08 | x |
| 2006-12-31 | $25.97 | $57.08 | x |
| 2007-12-31 | $27.19 | $57.08 | x |
| 2008-12-31 | $0.26 | $57.08 | x |
| 2009-12-31 | $3.59 | $57.08 | x |
| 2010-12-31 | $27.35 | $57.08 | x |
| 2011-12-31 | $26.90 | $57.08 | x |
| 2012-12-31 | $28.59 | $57.08 | x |
| 2013-12-31 | $30.66 | $57.08 | x |
| 2014-12-31 | $32.06 | $57.08 | x |
| 2015-12-31 | $34.83 | $57.08 | x |
| 2016-12-31 | $36.50 | $57.08 | x |
| 2017-12-31 | $37.96 | $57.08 | x |
| 2018-12-31 | $34.67 | $57.08 | x |
| 2019-12-31 | $35.59 | $57.08 | x |
| 2020-12-31 | $119.66 | $57.08 | x |
| 2021-12-31 | $117.01 | $57.08 | x |
| 2022-12-31 | $29.23 | $57.08 | x |
| 2023-12-31 | $29.06 | $57.08 | x |
| 2024-12-31 | $30.15 | $57.08 | x |
| 2025-12-31 | $35.67 | $57.08 | 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): 12.56%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.52%
- • Asset Turnover: 0.36x
- • Equity Multiplier: 4.08x
- Recent ROE (12.56%) is above the historical average (2.87%), 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 | 0.00% | 5.09% | 0.65x | 0.00x | $108.84 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 | -189.39% | -2.17% | 0.28x | 307.99x | $-13.75 Million |
| 2009 | -10.94% | -1.82% | 0.24x | 25.22x | $-19.99 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 | -3.76% | -10.45% | 0.35x | 1.03x | $-412.18 Million |
| 2021 | 2.75% | 7.63% | 0.35x | 1.03x | $-213.00 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 |
| 2025 | 12.56% | 8.52% | 0.36x | 4.08x | $24.07 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: $9,488,994,300
- Average return on equity (ROE) among peers: 14.87%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| United Fire Group Inc (UFCS) | $977.34 Million | 0.26% | 3.11x | $1.42 Billion |
| American Coastal Insurance Corp (ACIC) | $317.56 Million | 33.64% | 2.38x | $441.50 Million |
| American Financial Group, Inc. (AFG) | $2.18 Billion | 8.84% | 6.24x | $10.91 Billion |
| Aspen Insurance Holdings Ltd (AHL) | $3.63 Billion | 9.38% | 3.50x | $119.39 Million |
| American Integrity Insurance Group, Inc. (AII) | $337.02 Million | 29.56% | 2.63x | $386.34 Million |
| Assurant, Inc. (AIZ) | $4.85 Billion | 8.87% | 4.32x | $13.93 Billion |
| The Allstate Corporation (ALL) | $13.45 Billion | 14.15% | 4.54x | $66.75 Billion |
| Ategrity Specialty Insurance Company Holdings (ASIC) | $614.86 Million | 12.04% | 1.40x | $990.91 Million |
| Bowhead Specialty Holdings Inc. (BOW) | $370.44 Million | 10.32% | 3.47x | $1.10 Billion |
| Chubb Ltd (CB) | $63.69 Billion | 14.17% | 2.62x | $132.63 Billion |
| Cincinnati Financial Corporation (CINF) | $5.45 Billion | 7.72% | 2.03x | $25.96 Billion |
About United Fire Group Inc
United Fire Group, Inc., together with its subsidiaries, engages in writing property and casualty insurance in the United States. It provides property and casualty insurance, and surety bonds; and fire and allied lines, other liability, automobile, workers' compensation, and surety to small business owners and middle market businesses operating in industries, such as construction, services, retai… Read more