United Fire Group (UFG) Market Research Report
Company Overview
Name and Mission
Company Name: United Fire Group, Inc. (UFG)
Mission: To work together as one to achieve superior operational and financial performance, always striving to deliver on promises of success, protection, opportunity, value, and support.
Foundation Details
Founded: January 2, 1946
Founder: Scott McIntyre Sr.
Key People
- CEO: Kevin J. Leidwinger
- Senior VP and Chief Administrative Officer: Lindsay Lovvorn
- VP of Technology Operations: David Birnbaum
- Chief Accounting Officer and Controller: Adam Vogt
- VP, Surety Claims: Stephanie Geer
- VP of Risk Control: Gary Clevenger
Headquarters
Location: 118 2nd Avenue SE, Cedar Rapids, Iowa, USA
Employees
Number of Employees: Over 1,100
Revenue
No information is available.
Key Achievements
- AM Best rating: A- (Excellent)
- Listed on Nasdaq for over three decades under ticker UFCS
- Named a Super Regional Property/Casualty Insurer™ by Insurance Journal since 2007
- Received "Five-Star Carrier" rating from Insurance Business America in 2019
Industry Recognition
- Top 200 U.S. Property Casualty Writers in the 2020 Best’s Review
- American Building awarded WELL Certification at the Platinum level in 2024
Core Services
UFG is known for providing comprehensive business insurance products and services like:
- Commercial Insurance
- Surety Bonds
- Specialty Insurance
- Small Business Insurance
- Reinsurance
Products
Business Insurance Products
UFG offers a range of insurance products tailored to various business sizes and specialties:
1. Businessowners Policy
2. Commercial Liability
3. Commercial Property
4. Cyber Insurance
5. Inland Marine Insurance
6. Workers Compensation
Key Features
- Risk Control Services: Tools and expert guidance to create safer workplace environments.
- Surety Bonds: Broad range from commercial to construction bonds.
- Business Insurance Add-Ons: Business income protection, electronic data liability, voluntary property damage, and ordinance or law.
Small Business Products
Tailored coverage options with specific products such as:
- ArtisanPro
- GaragePro
- PremierPro
Reinsurance
Offers long-term business planning through reinsurance and alternative distribution solutions.
Recent Developments
New Appointments
- David Birnbaum as VP of Technology Operations (August 19, 2024)
- Stephanie Geer as VP of Surety Claims (July 9, 2024)
- Adam Vogt as Chief Accounting Officer and Controller (July 1, 2024)
- Maria Cole as VP, Regional Manager of Midwest Region (April 18, 2024)
- Mark Scott as VP, Regional Manager of Western Region (April 17, 2024)
- Juan Salazar as VP of Specialty (April 16, 2024)
- Gary Clevenger as VP of Risk Control (April 15, 2024)
- Steven Hernandez as Chief Human Resources Officer (May 9, 2024)
Awards and Recognitions
- IMCA Showcase Awards: Recognized for creative marketing efforts (August 26, 2024)
- Telly Award for Holiday Greeting Video
Financial Operations
- Common Stock Quarterly Cash Dividend: Declared a cash dividend of $0.16 per share (August 16, 2024)
Partnerships and Philanthropy
- UFG Foundation: Marked its 25th anniversary and announced significant grant recipients.
- Community Engagement: Contributions to various sectors like human services, health services, education, and environment with over $16 million in grants.
By reviewing the structured information above, stakeholders can understand UFG's core operations, products, recent developments, and its ongoing efforts in corporate responsibility and diversity, equity, and inclusion.
