New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
June 24, 2014
16:02 EDTUFCSUnited Fire & Casualty sees Q2 impact from spring storms 51c-59c per share
United Fire Group announced that it expects its second quarter results to include pre-tax catastrophe losses, net of reinsurance, of approximately $20M-$23M from spring storms. The estimated impact on second quarter earnings is 51c-59c per share, after tax. "Over the last 10 years, catastrophe losses for the second quarter have had an average impact of 8.8 percentage points on the combined ratio," stated Randy Ramlo, President and CEO. "The impact of these storms will cause us to exceed that average for the quarter. Though none of the individual storms had a material impact on our earnings, the aggregate of storms during the quarter is significant."
News For UFCS From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
There are no results for UFCS

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use