Latest news with #UFG
Business Recorder
23-05-2025
- Business
- Business Recorder
SNGPL achieves highest-ever profitability
LAHORE: The shareholders approved the annual audited financial statements for the fiscal year ended June 30, 2024. The Company achieved its highest ever profitability, recording a profit before tax of Rs. 29,843 million and a profit after tax of Rs. 18,977 million, translating into earnings per share (EPS) of Rs. 29.92. This marks a substantial increase from the previous year's profit after tax of Rs. 10,564 million and EPS of Rs. 16.66. According to the press statement the shareholders also approved the highest ever final cash dividend of Rs. 7.50 per share (75%) for the year ended June 30, 2024 on the recommendations of the Board. They also approved the re-appointment of M/s. A.F. Ferguson & Co., Chartered Accountants, as external auditors for the financial year 2024–25. A notable achievement during the year was the significant reduction in Unaccounted for Gas (UFG). Overall UFG losses dropped from 5.15% to 4.93%, leading to the lowest disallowance in 18 years. Through proactive field interventions, the adoption of technology, and stringent monitoring protocols, the Company saved over 1,269 MMCF of gas, reinforcing its commitment to operational efficiency and environmental stewardship. A detailed interactive session with the shareholders was held. A number of suggestions were noted and the shareholders were responded to their satisfaction. Saadat Ali Khan, Chair the meeting, While Faaria Rehman Salahuddin, Ahmed Chinoy, Directors, Faisal Iqbal, DMD (S), Saqib Arbab DMD (Ops), Kamran Akram, Chief Financial Officer and Imtiaz Mehmood, SGM (Corporate Affairs) / Company Secretary, were also present in person. While Amer Tufail, Managing Director, Tariq Iqbal Khan, Muhammad Ramzan, Saira Najeeb Ahmed and, Zafar Abbas Directors attended the meeting via video link. Senior Management of the Company was also present at the Annual General Meeting (AGM). Copyright Business Recorder, 2025
Yahoo
21-05-2025
- Business
- Yahoo
United Fire Group, Inc. declares quarterly cash dividend of $0.16 per share
CEDAR RAPIDS, Iowa, May 21, 2025 (GLOBE NEWSWIRE) -- Today, the board of directors of United Fire Group, Inc. (UFG) (Nasdaq: UFCS) declared a common stock quarterly cash dividend of $0.16 per share. This dividend will be payable June 20, 2025, to shareholders of record as of June 6, 2025. UFG has a long history of paying quarterly dividends, with the quarterly cash dividend declared today marking the 229th consecutive quarterly dividend paid, dating back to March 1968. About UFG Founded in 1946 as United Fire & Casualty Company, UFG, through its insurance company subsidiaries, is engaged in the business of writing property and casualty insurance. The company is licensed as a property and casualty insurer in 50 states and the District of Columbia, and is represented by approximately 1,000 independent agencies. AM Best assigns a rating of "A-" (Excellent) for members of the United Fire & Casualty Group. For more information about UFG, visit Contact: Investor relationsEmail: ir@ Media inquiries Email: news@ Disclosure of forward-looking statements This release may contain forward-looking statements about our operations, anticipated performance and other similar matters. The Private Securities Litigation Reform Act of 1995 provides a safe harbor under the Securities Act of 1933 and the Securities Exchange Act of 1934 for forward-looking statements. The forward-looking statements are not historical facts and involve risks and uncertainties that could cause actual results to differ from those expected and/or projected. Such forward-looking statements are based on current expectations, estimates, forecasts and projections about the Company, the industry in which we operate, and beliefs and assumptions made by management. Words such as "expect(s)," "anticipate(s)," "intend(s)," "plan(s)," "believe(s)," "continue(s)," "seek(s)," "estimate(s)," "goal(s)," "remain(s) optimistic," "target(s)," "forecast(s)," "project(s)," "predict(s)," "should," "could," "may," "will," "might," "hope," "can" and other words and terms of similar meaning or expression in connection with a discussion of future operations, financial performance or financial condition, are intended to identify forward-looking statements. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed in such forward-looking statements. Information concerning factors that could cause actual outcomes and results to differ materially from those expressed in the forward-looking statements is contained in Part I, Item 1A "Risk Factors" of our Annual Report on Form 10-K for the year ended December 31, 2024, filed with the Securities and Exchange Commission ("SEC") on February 26, 2025. The risks identified in our Annual Report on Form 10-K and in our other SEC filings are representative of the risks, uncertainties, and assumptions that could cause actual outcomes and results to differ materially from what is expressed in the forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release or as of the date they are made. Except as required under the federal securities laws and the rules and regulations of the SEC, we do not have any intention or obligation to update publicly any forward-looking statements, whether as a result of new information, future events, or in to access your portfolio
Yahoo
29-01-2025
- Business
- Yahoo
United Fire Group, Inc. Announces Its 2024 Fourth Quarter Earnings Call
CEDAR RAPIDS, Iowa, Jan. 29, 2025 (GLOBE NEWSWIRE) -- United Fire Group, Inc. (Nasdaq: UFCS) (the "Company", "UFG", "we", or "our") announced today that its 2024 fourth quarter earnings results will be released after the market closes on Tuesday, February 11, 2025. An earnings call will be held on Wednesday, February 12, 2025 at 9:00 a.m. central time to allow securities analysts, shareholders and other interested parties the opportunity to hear management discuss the Company's 2024 fourth quarter results. Teleconference: Dial-in information for the call is toll-free 1-844-492-3723 (international 1-412-542-4184). Participants should request to join the United Fire Group call. The event will be archived and available for digital replay through February 19, 2025. The replay access information is toll-free 1-877-344-7529 (international 1-412-317-0088); access code no. 4765665. Webcast: A webcast of the teleconference can be accessed at the Company's investor relations page at or The archived audio webcast will be available for one year. Transcript: A transcript of the teleconference will be available on the Company's website soon after the completion of the teleconference. About UFG: Founded in 1946 as United Fire & Casualty Company, UFG, through its insurance company subsidiaries, is engaged in the business of writing property and casualty insurance. The company is licensed as a property and casualty insurer in all 50 states and the District of Columbia, and is represented by approximately 1,000 independent agencies. A.M. Best Company assigns a rating of "A-" (Excellent) for members of the United Fire & Casualty Group. For more information about UFG visit Contact: Investor Relations at IR@
