← UNITED FIRE GROUP INC
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net Income (Loss) Attributable to Parent | $49.9m |
$51.0m
+2.24%
|
$27.6m
-45.81%
|
$14.8m
-46.40%
|
($112.7m)
-860.50%
|
$80.6m
+171.51%
|
$15.0m
-81.35%
|
($29.7m)
-297.59%
|
$62.0m
+308.61%
|
$118.2m
+90.76%
|
— | |
| Depreciation, Depletion and Amortization | $6.0m | $4.6m | $5.2m | $11.2m | $6.7m | $6.6m | $7.7m | $10.5m | $10.9m | $10.8m | $11.4m | |
| Amortization of Intangible Assets | — | — | — | — | — | — | $709k | $709k | $709k | $709k | — | |
| Deferred Policy Acquisition Costs, Amortization Expense | $211.0m | $5.3m | $4.7m | $1.5m | $7.2m | $4.4m | $12.8m | $22.3m | $20.7m | $11.0m | — | |
| Depreciation | $5.3m | $3.8m | $4.5m | $10.5m | $5.9m | $5.9m | $7.0m | $9.8m | $10.1m | $9.8m | $9.8m | |
| Amortization Cash Flow | — | — | — | — | — | $709k | $709k | $709k | — | — | — | |
| Amortization Of Intangibles | — | — | — | — | — | $709k | $709k | $709k | — | — | $709k | |
| Amortization Of Securities | — | — | — | — | — | — | $9.0m | $7.1m | $4.5m | $1.6m | $858k | |
| Deferred Income Tax Expense (Benefit) | $4.5m | ($5.9m) | ($16.2m) | $10.1m | ($17.5m) | $5.6m | ($3.9m) | ($8.3m) | ($8.4m) | ($5.7m) | $1.8m | |
| Deferred Tax | — | — | — | — | — | — | ($3.9m) | ($8.3m) | ($8.4m) | ($5.7m) | $1.8m | |
| Share-based Payment Arrangement, Noncash Expense | $3.7m | $4.8m | $5.2m | $6.2m | $5.0m | $3.4m | $2.8m | $3.2m | $5.5m | $9.0m | $10.6m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | $816k | $0 | $0 | — | — | — | — | — | — | — | — | |
| Share-based Payment Arrangement, Expense | $3.7m | $4.8m | $5.2m | $6.2m | $5.0m | $3.4m | $2.8m | $3.2m | $5.5m | $9.0m | $10.6m | |
| Goodwill, Impairment Loss | $0 | $0 | $0 | $0 | $15.1m | $0 | $0 | — | — | — | $0 | |
| Impairment of Intangible Assets (Excluding Goodwill) | — | — | — | — | — | — | — | — | $0 | $0 | — | |
| Asset Impairment Charge | — | — | — | — | — | $0 | $0 | — | — | — | $0 | |
| Changes in operating assets and liabilities: | ||||||||||||
| Change In Working Capital | — | — | — | — | — | — | ($77.2m) | $74.4m | $203.5m | $131.6m | $102.6m | |
| Change In Receivables | — | — | — | — | — | — | ($91.1m) | ($141.4m) | $13.7m | ($41.1m) | ($68.5m) | |
| Changes In Account Receivables | — | — | — | — | — | — | ($92.1m) | ($151.4m) | $6.4m | ($54.8m) | ($68.5m) | |
| Change In Payables And Accrued Expense | — | — | — | — | — | — | $13.0m | $71.0m | $1.4m | ($2.1m) | $12.3m | |
| Financing Receivable Excluding Accrued Interest Credit Loss Expense Reversal | — | — | — | — | — | — | — | — | $0 | $241k | — | |
| Liability for Unpaid Claims and Claims Adjustment Expense, Incurred Claims | $652.4m | $725.7m | $731.6m | $830.2m | $869.5m | $652.2m | $637.3m | $769.4m | $744.6m | $764.4m | — | |
| Change In Accrued Expense | — | — | — | — | — | — | $13.0m | $71.0m | $1.4m | ($2.1m) | $12.3m | |
| Increase (Decrease) in Other Operating Assets | ($828k) | $2.5m | $1.5m | $12.0m | $7.3m | $43.9m | $8.1m | $34.4m | $2.3m | ($5.1m) | — | |
| Change In Other Current Assets | — | — | — | — | — | — | ($8.1m) | ($34.4m) | ($2.3m) | $5.1m | ($11.4m) | |
| Net Cash Provided by (Used in) Operating Activities | $214.4m |
$170.1m
-20.66%
|
$110.1m
-35.27%
|
$93.8m
-14.85%
|
$41.4m
-55.80%
|
$29.9m
-27.80%
|
($1.3m)
-104.18%
|
$171.7m
+13827.90%
|
$340.3m
+98.16%
|
$269.7m
-20.73%
|
$271.6m
+0.67%
|
|
| Cash flows from investing activities: | ||||||||||||
| Capital Expenditure | — | — | — | — | — | — | ($2.1m) | ($10.9m) | ($11.9m) | ($6.4m) | ($3.1m) | |
| Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale | $533.8m | $191.5m | $122.2m | $265.5m | $319.0m | $264.2m | $184.2m | $80.1m | $178.8m | $258.8m | — | |
| Debt Securities, Available-for-sale, Allowance for Credit Loss, Not Previously Recorded | — | — | — | — | $5k | $0 | $3k | $0 | $0 | — | — | |
| Debt Securities, Available-for-sale, Realized Gain (Loss) | — | — | — | — | — | — | ($1.4m) | ($442k) | ($7.3m) | ($1.4m) | — | |
| Gain (Loss) on Investments | — | — | — | — | — | — | ($15.6m) | $1.5m | ($5.9m) | ($4.3m) | $3.4m | |
| Net Cash Provided by (Used in) Investing Activities | ($112.4m) | ($62.0m) | ($19.2m) | $4.5m | ($92.9m) | $31.7m | ($19.2m) | ($149.9m) | ($292.5m) | ($326.0m) | ($342.7m) | |
| Cash flows from financing activities: | ||||||||||||
| Proceeds from Issuance of Long-term Debt | — | — | — | — | $50.0m | $0 | $0 | $0 | — | — | $0 | |
| Issuance Of Debt | — | — | — | — | — | — | $0 | $0 | $70.0m | $30.0m | $0 | |
| Long Term Debt Issuance | — | — | — | — | — | — | $0 | $0 | $70.0m | $30.0m | $0 | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | $0 | $0 | $70.0m | $30.0m | $0 | |
| Payments for Repurchase of Common Stock | $3.7m | $29.8m | $5.4m | $11.7m | $2.7m | $2.0m | $0 | $0 | — | — | — | |
| Proceeds from Issuance of Common Stock | $9.9m | $4.8m | $7.2m | $2.4m | ($71k) | ($421k) | $828k | ($290k) | $348k | ($993k) | $2.4m | |
| Common Stock Dividend Paid | — | — | — | — | — | — | ($15.9m) | ($16.2m) | ($16.2m) | ($16.3m) | ($18.4m) | |
| Common Stock Issuance | — | — | — | — | — | — | $828k | ($290k) | $348k | ($993k) | $2.4m | |
| Common Stock Payments | — | — | — | — | — | ($2.4m) | $0 | ($290k) | — | ($993k) | ($2.0m) | |
| Issuance Of Capital Stock | — | — | — | — | — | — | $828k | — | $348k | — | $2.4m | |
| Repurchase Of Capital Stock | — | — | — | — | — | ($2.4m) | $0 | ($290k) | — | ($993k) | ($2.0m) | |
| Dividends paid | $24.6m | $27.3m | $105.4m | $32.7m | $28.5m | $15.1m | $15.9m | $16.2m | $16.2m | $16.3m | ($18.4m) | |
| Cash Dividends Paid | — | — | — | — | — | — | ($15.9m) | ($16.2m) | ($16.2m) | ($16.3m) | ($18.4m) | |
| Net Other Financing Charges | — | — | — | — | — | — | — | — | ($3.0m) | ($1.1m) | ($1.1m) | |
| Net Cash Provided by (Used in) Financing Activities | ($97.6m) |
($107.5m)
-10.22%
|
($115.2m)
-7.10%
|
($42.0m)
+63.55%
|
$18.7m
+144.45%
|
($17.5m)
-193.73%
|
($15.0m)
+14.06%
|
($16.5m)
-9.46%
|
$51.1m
+410.48%
|
$11.6m
-77.29%
|
$8.5m
-26.98%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | ($24.3m) | $56.3m | ($32.8m) | $44.2m | ($35.5m) | $5.4m | $98.9m | ($44.6m) | $139.4m | |
| Beginning Cash Position | — | — | — | — | — | — | $132.1m | $96.7m | $102.0m | $200.9m | $202.1m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | $64.5m | $120.7m | $87.9m | $132.1m | $96.7m | $102.0m | $200.9m | $156.3m | $139.4m | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | — | — | — | — | — | $3.2m | $3.3m | $7.2m | $11.3m | — | |
| Income Taxes Paid, Net | — | — | — | — | $138k | $5.4m | $21.5m | $1.3m | $16.1m | $23.6m | — | |
| Additional Financial Items | ||||||||||||
| Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of Tax | — | — | $27.3m | $0 | $0 | — | — | — | — | — | — | |
| Equity Securities, FV-NI, Gain (Loss) | — | — | — | — | — | — | — | $2.0m | $1.4m | $0 | — | |
| Equity Securities, FV-NI, Realized Gain (Loss) | — | — | — | — | — | — | — | $150k | $1.4m | $0 | — | |
| Equity Securities, FV-NI, Unrealized Gain (Loss) | — | — | — | — | — | — | — | $1.8m | $0 | $0 | — | |
| Gain (Loss) on Disposition of Business | — | — | $34.9m | $0 | $0 | — | — | — | — | — | — | |
| Gains (Losses) on Sales of Investment Real Estate | — | — | — | — | — | ($256k) | $235k | $47k | $0 | $0 | — | |
| Goodwill | $15.1m | $15.1m | $15.1m | $15.1m | $0 | $0 | $0 | $0 | — | — | $0 | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | — | $44.9m | $2.3m | $14.8m | ($112.7m) | $80.6m | $15.0m | ($29.7m) | $62.0m | $118.2m | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | — | $6.2m | ($1.9m) | $0 | $0 | — | — | — | — | — | — | |
| Income Tax Expense (Benefit) | $8.8m | ($29.2m) | ($11.4m) | $2.1m | ($56.8m) | $16.2m | ($3.0m) | ($10.0m) | $15.1m | $29.7m | — | |
| Operating Lease, Expense | — | — | — | $7.7m | $7.6m | $7.3m | $8.8m | — | — | — | — | |
| Operating Lease, Lease Income | — | — | — | — | — | — | — | $507k | $581k | $584k | — | |
| Provision for Loan, Lease, and Other Losses | — | — | — | — | — | ($5k) | ($109k) | $5k | ($10k) | $2.9m | — | |
| Financing Receivable, Credit Loss, Expense (Reversal) | — | — | — | — | $4k | ($5k) | ($22k) | $6k | — | — | — | |
| Realized Investment Gains (Losses) | $6.1m | $4.1m | ($20.2m) | $53.8m | ($32.4m) | $47.4m | ($15.9m) | $1.3m | ($5.4m) | ($3.8m) | — | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | ($15.0m) | ($16.5m) | $51.1m | $11.6m | $8.5m | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | ($19.2m) | ($149.9m) | ($292.5m) | ($326.0m) | ($342.7m) | |
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | ($35.5m) | $5.4m | $98.9m | ($44.6m) | — | |
| Change In Other Working Capital | — | — | — | — | — | — | $7.3m | $2.9m | ($1.7m) | $3.8m | $884k | |
| Change In Prepaid Assets | — | — | — | — | — | — | ($2.0m) | ($16.4m) | ($17.2m) | $12.5m | $5.4m | |
| Changes In Cash | — | — | — | — | — | — | ($35.5m) | $5.4m | $98.9m | ($44.6m) | ($62.7m) | |
| End Cash Position | — | — | — | — | — | — | $96.7m | $102.0m | $200.9m | $156.3m | $139.4m | |
| Financing Cash Flow | — | — | — | — | — | — | ($15.0m) |
($16.5m)
-9.46%
|
$51.1m
+410.48%
|
$11.6m
-77.29%
|
$8.5m
-26.98%
|
|
| Free Cash Flow | — | — | — | — | — | — | ($3.4m) | $160.8m | $328.4m | $263.3m | $268.4m | |
| Gain Loss On Investment Securities | — | — | — | — | — | — | $45.3m | $114.5m | $62.3m | $4.3m | $3.4m | |
| Investing Cash Flow | — | — | — | — | — | — | ($19.2m) | ($149.9m) | ($292.5m) | ($326.0m) | ($342.7m) | |
| Net Investment Purchase And Sale | — | — | — | — | — | — | ($16.9m) | ($130.9m) | ($280.6m) | ($319.5m) | ($339.6m) | |
| Net PPE Purchase And Sale | — | — | — | — | — | — | ($2.1m) | ($10.9m) | ($11.9m) | ($6.4m) | ($3.1m) | |
| Operating Gains Losses | — | — | — | — | — | — | $45.3m | $114.5m | $62.3m | $4.3m | $3.4m | |
| Purchase Of Investment | — | — | — | — | — | — | ($297.3m) | ($292.9m) | ($960.6m) | ($714.0m) | ($899.8m) | |
| Sale Of Investment | — | — | — | — | — | — | $280.4m | $162.1m | $680.0m | $394.5m | $560.2m | |
| Stock Based Compensation | — | — | — | — | — | — | $2.8m | $3.2m | $5.5m | $9.0m | $10.6m |