United Fire Group announces net loss for second quarter of 2022

Cedar Rapids insurer says loss driven in part by decrease in fair value of investments

By: John LohmanRichard Pratt|August 4, 2022

UFG Insurance's offices in downtown Cedar Rapids. CREDIT RICHARD PRATT

United Fire Group (UFG) on Aug. 4 reported a UFG net loss for the second quarter of 2022, driven in part by a net quarterly loss in investments.

UFG, the Cedar Rapids-based insurance company, reported a consolidated net loss of $10.5 million, or $0.42 per diluted share, for the second quarter ending June 30. In the same quarter of 2021, United Fire had reported net income of $13.8 million, or…

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United Fire Group announces net loss for second quarter of 2022

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