Filing Flows › United Fire Group (UFCS) › Q1 2025
United Fire Group (UFCS) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 7, 2025
United Fire Group (UFCS) reported revenue of $331M for the first quarter 2025 (Q1 2025), +12% from a year earlier and -0.6% from the quarter before. Operating margin was 6.6%, net earnings $17.7M (5.3% of revenue).
United Fire Group, Q1 2025: revenue $331M (+12% year over year), operating margin 6.6%, net earnings $17.7M, operating cash flow $35.7M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $331M | -0.6% | +12% |
| Operating profit | $21.9M | -45% | +34% |
| Net earnings | $17.7M | -44% | +31% |
| Operating cash flow | $35.7M | -77% | -1% |
What changed
Revenue was $331.1M in Q1 2025, up 12% year over year and down 1% from the previous quarter.
Operating profit was $21.9M, a 6.6% margin (up 1.1 points year over year). Of the extra revenue versus a year earlier, 16% reached operating profit, above the 6% margin then. Total costs grew 11% against revenue growth of 12%. Net earnings were $17.7M, up 31% year over year. The effective tax rate was 19.0%.
Operating cash flow was $35.7M (down 1% year over year), 202% of net earnings. Non-cash charges added back $2.5M of depreciation and amortization and $1.8M of share-based compensation. Working capital and other items added $13.7M.
Questions
What was United Fire Group's revenue in the first quarter 2025?
United Fire Group (UFCS) reported revenue of $331M for the first quarter 2025 (Q1 2025), +12% from a year earlier and -0.6% from the quarter before.
Was United Fire Group profitable in the first quarter 2025?
Operating profit was $21.9M (6.6% of revenue) and net earnings $17.7M.
Source: United Fire Group 10-Q on SEC EDGAR.