United Fire Group Inc. Announces Gain In Q4 Profit

(RTTNews) - United Fire Group Inc. (UFCS) reported a profit for its fourth quarter that increased from last year.

The company said its bottom line totaled $45.99 million, or $1.81 per share. This was higher than $11.99 million, or $0.46 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.48 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 0.1% to $301.74 million. This was down from $301.99 million last year.

United Fire Group Inc. earnings at a glance:

-Earnings (Q4): $45.99 Mln. vs. $11.99 Mln. last year. -Earnings Growth (Y-o-Y): 283.6% -EPS (Q4): $1.81 vs. $0.46 last year. -EPS Growth (Y-o-Y): 293.5% -Analysts Estimate: $0.48 -Revenue (Q4): $301.74 Mln vs. $301.99 Mln last year. -Revenue Change (Y-o-Y): -0.1%