United Fire Group Inc. Q1 adjusted earnings Beat Estimates

(RTTNews) - United Fire Group Inc. (UFCS) revealed a profit for its first quarter that increased from the same period last year.

The company's profit came in at $45.76 million, or $1.80 per share. This compares with $19.94 million, or $0.77 per share, in last year's first quarter.

Excluding items, United Fire Group Inc. reported adjusted earnings of $25.50 million or $1.00 per share for the period.

Analysts had expected the company to earn $0.83 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 2.7% to $275.55 million from $283.06 million last year.

United Fire Group Inc. earnings at a glance:

-Earnings (Q1): $25.50 Mln. vs. $17.37 Mln. last year. -EPS (Q1): $1.00 vs. $0.67 last year. -Analysts Estimate: $0.83 -Revenue (Q1): $275.55 Mln vs. $283.06 Mln last year.