UFCS (United Fire Group) Scaled Net Operating Assets: -0.06 (As of Mar. 2026)


UFCS United Fire Group Inc UFCS
60 GF Score
Price $51.07
GF Value $31.57
Valuation Significantly Overvalued
! 6 Warning Signs
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What is United Fire Group Scaled Net Operating Assets?

United Fire Group UFCS +1.65% 60 Scaled Net Operating Assets is -0.06 as of Mar. 2026. GuruFocus rates UFCS with a GF Score™ of 60/100 and a GF Value™ of $31.57 (Significantly Overvalued). The stock has 6 warning signs investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

United Fire Group's operating assets for the quarter that ended in Mar. 2026 was $2,572 Mil. United Fire Group's operating liabilities for the quarter that ended in Mar. 2026 was $2,813 Mil. United Fire Group's Total Assets for the quarter that ended in Dec. 2025 was $3,841 Mil. Therefore, United Fire Group's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was -0.06.

UFCS
60GF Score
United Fire Group Inc UFCS
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United Fire Group Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

United Fire Group's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2025 )
=(Operating Assets (A: Dec. 2025 )-Operating Liabilities (A: Dec. 2025 ))/Total Assets (A: Dec. 2024 )
=(3684.457-2753.419)/3488.469
=0.27

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=3840.789 - 156.332
=3684.457

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2899.619 - 146.2 - 0
=2753.419

United Fire Group's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2026 )
=(Operating Assets (Q: Mar. 2026 )-Operating Liabilities (Q: Mar. 2026 ))/Total Assets (Q: Dec. 2025 )
=(2572.46-2812.654)/3840.789
=-0.06

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=3909.541 - 1337.081
=2572.46

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2958.928 - 146.274 - 0
=2812.654

* 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.

What does a Scaled Net Operating Assets of -0.06 mean?
United Fire Group (UFCS) has a Scaled Net Operating Assets of -0.06 as of Mar. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on United Fire Group and its competitors.
Is United Fire Group's Scaled Net Operating Assets too high?
United Fire Group's current Scaled Net Operating Assets is -0.06. Overall, United Fire Group has a GF Score™ of 60/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does United Fire Group's Scaled Net Operating Assets compare to PRCH and HGTY?
United Fire Group's Scaled Net Operating Assets of -0.06 can be compared against companies in the Insurance industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for an Insurance company?
A good Scaled Net Operating Assets depends on the Insurance industry context. However, Scaled Net Operating Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on United Fire Group and its competitors. United Fire Group's current Scaled Net Operating Assets is -0.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is United Fire Group stock overvalued right now?
Based on GuruFocus' analysis, United Fire Group (UFCS) is currently considered Significantly Overvalued. The stock's GF Value™ is $31.57, compared to a current price of $51.07 — trading 61.8% above its estimated fair value. The current Scaled Net Operating Assets is -0.06. United Fire Group's overall GF Score™ is 60/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For United Fire Group (UFCS), the current Scaled Net Operating Assets is -0.06 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is United Fire Group (UFCS) Overvalued in 2026?

Based on GuruFocus' analysis, United Fire Group stock appears to be overvalued. The current stock price of $51.07 is trading 61.8% above its estimated GF Value™ of $31.57. GuruFocus considers United Fire Group to be Significantly Overvalued.

Key valuation signals for UFCS:

  • Scaled Net Operating Assets: -0.06
  • GF Value™: $31.57 vs. price of $51.07 (61.8% above fair value)
  • GF Score™: 60/100 with 6 warning signs

No single metric tells the full story. See the UFCS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

United Fire Group Business Description

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 premium and investment income.
60GF Score

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Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$51.07
Price
$31.57
GF Value