United Fire: 4Q Earnings Snapshot
CEDAR RAPIDS, Iowa (AP) _ United Fire Group Inc. (UFCS) on Wednesday reported a fourth-quarter loss of $29.3 million, after reporting a profit in the same period a year earlier.
The Cedar Rapids, Iowa-based company said it had a loss of $1.17 per share. Losses, adjusted for investment costs, came to 30 cents per share.
The property and casualty insurance company posted revenue of $252.1 million in the period. Its adjusted revenue was $279.6 million.
For the year, the company reported profit of $27.7 million, or $1.08 per share. Revenue was reported as $1.09 billion.
United Fire shares have decreased roughly 1 percent since the beginning of the year. The stock has climbed 21 percent in the last 12 months.