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United Fire Group (United Fire Group) Net Margin % : 6.76% (As of Dec. 2023)


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What is United Fire Group Net Margin %?

Net margin is calculated as Net Income divided by its Revenue. United Fire Group's Net Income for the three months ended in Dec. 2023 was $20 Mil. United Fire Group's Revenue for the three months ended in Dec. 2023 was $290 Mil. Therefore, United Fire Group's net margin for the quarter that ended in Dec. 2023 was 6.76%.

The historical rank and industry rank for United Fire Group's Net Margin % or its related term are showing as below:

UFCS' s Net Margin % Range Over the Past 10 Years
Min: -10.45   Med: 3.7   Max: 9.94
Current: -2.7


UFCS's Net Margin % is ranked worse than
89.69% of 485 companies
in the Insurance industry
Industry Median: 7.39 vs UFCS: -2.70

United Fire Group Net Margin % Historical Data

The historical data trend for United Fire Group's Net Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

United Fire Group Net Margin % Chart

United Fire Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.23 -10.45 7.63 1.52 -2.70

United Fire Group Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Net Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.98 0.26 -21.11 2.33 6.76

Competitive Comparison of United Fire Group's Net Margin %

For the Insurance - Property & Casualty subindustry, United Fire Group's Net Margin %, along with its competitors' market caps and Net Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


United Fire Group's Net Margin % Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, United Fire Group's Net Margin % distribution charts can be found below:

* The bar in red indicates where United Fire Group's Net Margin % falls into.



United Fire Group Net Margin % Calculation

Net margin - also known as net profit margin is the ratio of Net Income divided by net sales or Revenue, usually presented in percent.

United Fire Group's Net Margin for the fiscal year that ended in Dec. 2023 is calculated as

Net Margin=Net Income (A: Dec. 2023 )/Revenue (A: Dec. 2023 )
=-29.7/1098.331
=-2.70 %

United Fire Group's Net Margin for the quarter that ended in Dec. 2023 is calculated as

Net Margin=Net Income (Q: Dec. 2023 )/Revenue (Q: Dec. 2023 )
=19.608/290.178
=6.76 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


United Fire Group  (NAS:UFCS) Net Margin % Explanation

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.


United Fire Group Net Margin % Related Terms

Thank you for viewing the detailed overview of United Fire Group's Net Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.


United Fire Group (United Fire Group) Business Description

Traded in Other Exchanges
N/A
Address
118 Second Avenue SE, Cedar Rapids, IA, USA, 52401
United Fire Group Inc is engaged in the business of writing property and casualty insurance and selling annuities through a network of independent agencies. The company's only operating segment is property and casualty insurance, which includes commercial lines insurance, personal lines insurance, and assumed reinsurance. The primary source of revenue is premiums and investment income.
Executives
Robert Francis Cataldo officer: VP & Strategy Officer 118 SECOND AVENUE SE, CEDAR RAPIDS IA 52401
Micah G Woolstenhulme officer: VP 118 2ND AVE SE, CEDAR RAPIDS IA 52401
George D Milligan director 118 2ND AVE SE, CEDAR RAPIDS IA 52401
Christopher R Drahozal director 2001 RIVIERA COURT, LAWRENCE KS 66047-1999
Julie A Stephenson officer: Executive VP & COO 118 2ND AVE SE, CEDAR RAPIDS IA 52401
Eric J Martin officer: Chief Financial Officer 118 SECOND AVE SE, CEDAR RAPIDS IA 52407
Mark A. Green director 200 EAST RANDOLPH STREET, SUITE 3300, CHICAGO IL 60601
Kevin James Leidwinger director, officer: Director, CEO 151 N. FRANKLIN, CHICAGO IL 60606
Sarah E Madsen officer: Chief Legal Officer 118 SECOND AVE SE, CEDAR RAPIDS IA 52401
Jeremy Bahl officer: VP & Chief UW Officer 118 SECOND AVE SE, CEDAR RAPIDS IA 52401
Kyle D. Skogman director 411 FIRST AVENUE SE, CEDAR RAPIDS IA 52401
Lura E Mcbride director 118 2ND AVE SE, CEDAR RAPIDS IA 52401
Mary K. Quass director 2875 MT. VERNON RD SE, CEDAR RAPIDS IA 52403
James Noyce director 5400 UNIVERSITY AVENUE, WEST DES MOINES IA 50266
Matthew R Foran director 118 2ND AVE SE, CEDAR RAPIDS IA 52401