United Fire Group Inc. Q1 Profit Falls 9%

(RTTNews) - United Fire Group Inc. (UFCS) released earnings for first quarter that retreated from last year.

The company said its bottom line declined to $21.09 million, or $0.83 per share. This was lower than $23.10 million, or $0.92 per share, in last year's first quarter.

Analysts had expected the company to earn $0.88 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 11.4% to $265.68 million. This was up from $238.48 million last year.

United Fire Group Inc. earnings at a glance:

-Earnings (Q1): $21.09 Mln. vs. $23.10 Mln. last year. -Earnings Decline (Y-o-Y): -8.7% -EPS (Q1): $0.83 vs. $0.92 last year. -EPS Decline (Y-o-Y): -9.8% -Analysts Estimate: $0.88 -Revenue (Q1): $265.68 Mln vs. $238.48 Mln last year. -Revenue Change (Y-o-Y): 11.4%