United Fire Group Inc. Bottom Line Declines 86% In Q2

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

The company said its profit declined to $2.08 million, or $0.08 per share. This was lower than $14.52 million, or $0.57 per share, in last year's second quarter.

Analysts had expected the company to earn $0.07 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 9.3% to $279.77 million. This was up from $255.92 million last year.

United Fire Group Inc. earnings at a glance:

-Earnings (Q2): $2.08 Mln. vs. $14.52 Mln. last year. -Earnings Decline (Y-o-Y): -85.7% -EPS (Q2): $0.08 vs. $0.57 last year. -EPS Decline (Y-o-Y): -86.0% -Analysts Estimate: $0.07 -Revenue (Q2): $279.77 Mln vs. $255.92 Mln last year. -Revenue Change (Y-o-Y): 9.3%