Filing Flows › United Fire Group (UFCS) › Q1 2026
United Fire Group (UFCS) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 6, 2026
United Fire Group (UFCS) reported revenue of $369M for the first quarter 2026 (Q1 2026), +12% from a year earlier and +1% from the quarter before. Operating margin was 10.3%, net earnings $30.1M (8.1% of revenue).
United Fire Group, Q1 2026: revenue $369M (+12% year over year), operating margin 10.3%, net earnings $30.1M, operating cash flow $56.6M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $369M | +1% | +12% |
| Operating profit | $38.0M | -21% | +74% |
| Net earnings | $30.1M | -22% | +70% |
| Operating cash flow | $56.6M | -53% | +59% |
What changed
Revenue was $369.4M in Q1 2026, up 12% year over year and up 1% from the previous quarter.
Operating profit was $38.0M, a 10.3% margin (up 3.7 points year over year). Of the extra revenue versus Q1 2025, 42% reached operating profit, above the 7% margin then. Total costs grew 7% against revenue growth of 12%. Net earnings were $30.1M, up 70% year over year. The effective tax rate was 20.9%.
Operating cash flow was $56.6M (up 59% year over year), 188% of net earnings. Non-cash charges added back $2.9M of depreciation and amortization and $2.6M of share-based compensation. Working capital and other items added $21.0M.
Questions
What was United Fire Group's revenue in the first quarter 2026?
United Fire Group (UFCS) reported revenue of $369M for the first quarter 2026 (Q1 2026), +12% from a year earlier and +1% from the quarter before.
Was United Fire Group profitable in the first quarter 2026?
Operating profit was $38.0M (10.3% of revenue) and net earnings $30.1M.
Source: United Fire Group 10-Q on SEC EDGAR.