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Regional insurer selling commercial and personal property-casualty insurance through independent agents, mainly in the Midwest.
Regional insurer selling commercial and personal property-casualty insurance through independent agents, mainly in the Midwest.
Earns by collecting premiums and paying claims, with commercial insurance the larger part, plus investment income on the premiums held until claims are paid. Severe storms, especially hail and wind across its Midwest territory, can swing results from year to year. It sold its life insurance arm in 2018 to focus on property-casualty.
Moat: narrow (distribution). Long-standing independent-agent relationships across Midwest states are moderately durable but not unique.
Headquarters: Cedar Rapids, Iowa, US · Founded: 1946 · Employees: 846
Size United Fire (UFCS) is a United States Financials company (Property/Casualty Insurance) with a market value of $1.23B, the 2126th largest of 3,117 United States companies the cockpit tracks. Shares closed at $47.73 on 6 Nov 2026.
Performance Over six months the shares fell 1.0%, against +19.6% for the median peer and -1.1% for the United States market (cap-weighted) — 3rd lowest of 20 in its peer set.
Growth Revenue grew 11.4% over the last twelve months (peer median +6.3%); the operating margin is 12.2% (peer median 17.8%).
Valuation It trades at 1.31× book value against a peer median of 1.68× (7th cheapest of 21).
Price implies The share price implies a return on equity of about 9.0%; United Fire delivers 14.9%, so the price asks less than the business earns today.
Short interest Short interest is 1.7% of the free float (15 Oct 2026).
Next results Next results expected around 16 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $1.51B | $1.39B | $1.25B | $1.10B | $980M |
| Revenue growth | — | +11% | +14% | +12% | — |
| Net income | $137M | $118M | $62.0M | -$29.7M | $15.0M |
| Free cash flow | $309M | $263M | $328M | $161M | -$3.39M |
| Capital expenditure | $3.26M | $6.45M | $11.9M | $10.9M | $2.14M |
| Total debt | $146M | $167M | $148M | $79.7M | $76.9M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| United Fire UFCS | $1.23B | -1% | +11% | 15% | 1.31× | 9.0% |
| Cincinnati Financial CINF | $28.5B | +15% | +10% | 17% | 1.76× | 10.6% |
| Selective Insurance SIGI | $5.87B | +17% | +4% | 15% | 1.81× | 9.1% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | UFCS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -15.4% | 0.0% | 2nd lowest of 21 |
| 6-month return | -1.0% | +19.6% | 3rd lowest of 20 |
| Return on equity | 14.9% | 15.0% | 10th lowest of 20 |
| Price / book | 1.31× | 1.68× | 7th cheapest of 21 |
| Trailing P/E | 9.0× | 11.4× | 8th cheapest of 19 |
| ROE the price implies | 9.0% | 8.9% | 10th most demanding of 20 |
| ROE delivered | 14.9% | 15.0% | 9th lowest of 18 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| United Fire UFCS | United States | $1.23B | -1% | +11% | 15% | 1.31× | 9.0% | 14.9% |
| Universal Insurance UVE | United States | $1.29B | +19% | +6% | 41% | 2.00× | 13.1% | 40.8% |
| Ategrity Specialty Insurance ASIC | United States | $1.16B | +23% | +30% | 16% | 1.89× | 9.3% | 15.8% |
| Shinkong Insurance 2850.TW | Taiwan | $1.51B | +21% | +22% | 24% | 2.27× | 6.6% | 24.0% |
| Heritage Insurance HRTG | United States | $984M | +48% | +2% | 42% | 1.64× | 14.1% | 41.7% |
| Safety Insurance SAFT | United States | $1.53B | +46% | +7% | 8% | 1.75× | 8.9% | 7.8% |
| Hippo HIPO | United States | $929M | +28% | +21% | 7% | 1.98× | 22.6% | 7.2% |
| Orion180 Insurance OIG | United States | $888M | n/a | +38% | 77% | 73.37× | n/a | n/a |
| Employers EIG | United States | $830M | +13% | -13% | 3% | 1.06× | 7.7% | 3.0% |
| Kemper KMPR | United States | $1.97B | +10% | -4% | -19% | 0.90× | 9.4% | -19.3% |
| Horace Mann Educators HMN | United States | $2.16B | +20% | +4% | 12% | 1.46× | 7.9% | n/a |
| Lancashire LRE.L | United Kingdom | $2.24B | +18% | -2% | 22% | 1.49× | 12.7% | 21.8% |
| Porch PRCH | United States | $2.26B | +80% | +20% | n/a | 345.11× | 5,821.2% | n/a |
| Hyundai M&F INS 001450.KS | South Korea | $2.29B | +38% | -5% | 21% | 0.51× | 4.2% | 21.0% |
| HCI HCI | United States | $2.31B | +22% | +23% | 34% | 2.15× | 17.3% | 33.8% |
| Lotte Non-Life Insurance 000400.KS | South Korea | $569M | +18% | +19% | -2% | 0.82× | 5.1% | -2.1% |
| Sabre Insurance SBRE.L | United Kingdom | $565M | +17% | -10% | 15% | 1.72× | 9.5% | 15.0% |
| Zenkoku Hosho 7164.T | Japan | $2.69B | +1% | +2% | 14% | 1.74× | 6.2% | 14.1% |
| American Integrity Insurance AII | United States | $528M | +37% | +35% | 26% | 1.43× | 7.8% | 26.2% |
| Hanwha General Insurance 000370.KS | South Korea | $519M | -9% | +15% | 11% | 0.26× | 3.8% | 11.4% |
| Greenlight Capital Re GLRE | United States | $518M | -10% | -1% | 8% | 0.76× | 5.5% | 7.5% |