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United Fire Group shared its third-quarter results, showing record earnings and a 94.6% combined ratio.

ResultsRead the original at Benzinga
Good for UFCS

United Fire Group reported strong insurance results, record nine-month earnings, and 13% growth in written premiums. Softer prices and more competition are risks, but current results and growth make the report positive.

UFCS · United Fire Group

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That means claims and operating costs used less than all the money collected from insurance sales. Investment income also helped, with fixed-maturity portfolio earnings up 25%. The main concern is that prices are easing and competition is growing, which could make future growth harder. The strong results and continued sales growth carry more weight.

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