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United Fire Group (UFCS) Q2 2025 earnings results (second quarter 2025)

10-Q filed Aug 6, 2025

United Fire Group (UFCS) reported revenue of $335M for the second quarter 2025 (Q2 2025), +11% from a year earlier and +1% from the quarter before. Operating margin was 8.7%, net earnings $22.9M (6.8% of revenue).

Revenue$335M
Year over year+11%
Quarter over quarter+1%
Operating margin8.7%
Net earnings$22.9M

United Fire Group, Q2 2025: revenue $335M (+11% year over year), operating margin 8.7%, net earnings $22.9M, operating cash flow $53.4M. The chart follows the revenue to costs, profit and cash.

Q2 2025AmountQ/QY/Y
Revenue$335M+1%+11%
Operating profit$29.2M+34%—
Net earnings$22.9M+30%—
Operating cash flow$53.4M+50%-42%

What changed

Revenue was $335.5M in Q2 2025, up 11% year over year and up 1% from the previous quarter.

Operating profit was $29.2M, a 8.7% margin (up 10.0 points year over year). Total costs grew 0% against revenue growth of 11%. Net earnings were $22.9M. The effective tax rate was 21.4%.

Operating cash flow was $53.4M (down 42% year over year), 233% of net earnings. Non-cash charges added back $2.5M of depreciation and amortization and $1.9M of share-based compensation. Working capital and other items added $26.0M.

Questions

What was United Fire Group's revenue in the second quarter 2025?

United Fire Group (UFCS) reported revenue of $335M for the second quarter 2025 (Q2 2025), +11% from a year earlier and +1% from the quarter before.

Was United Fire Group profitable in the second quarter 2025?

Operating profit was $29.2M (8.7% of revenue) and net earnings $22.9M.

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Source: United Fire Group 10-Q on SEC EDGAR.