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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.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on UFCS at https://www.zacks.com/ap/UFCS