United Fire Group Inc. Announces 61% Retreat In Q4 Profit

(RTTNews) - United Fire Group Inc. (UFCS) reported a profit for fourth quarter that declined compared to the same period last year.

The company said its bottom line totaled $11.99 million, or $0.46 per share. This was down from $30.89 million, or $1.21 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.89 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 9.4% to $301.99 million. This was up from $275.96 million last year.

United Fire Group Inc. earnings at a glance:

-Earnings (Q4): $11.99 Mln. vs. $30.89 Mln. last year. -Earnings Decline (Y-o-Y): -61.2% -EPS (Q4): $0.46 vs. $1.21 last year. -EPS Decline (Y-o-Y): -62.0% -Analysts Estimate: $0.89 -Revenue (Q4): $301.99 Mln vs. $275.96 Mln last year. -Revenue Change (Y-o-Y): 9.4%