UFG Insurance
UFG Insurance is a publicly traded U.S. property and casualty insurer (NASDAQ: UFCS) founded in 1946, offering commercial lines, surety bonds, excess and surplus, and reinsurance to midsize and large businesses through roughly 850 independent agencies nationwide.
- Company typePublic
- Founded1946
- HeadquartersCedar Rapids, United States
- Headcount1,001–5,000
- GTM typeB2B
- OfferingServices
What UFG Insurance does
UFG Insurance is the operating brand of United Fire Group, Inc. (NASDAQ: UFCS), a publicly traded property and casualty insurance holding company founded in 1946 in Cedar Rapids, Iowa, and currently led by President and CEO Kevin Leidwinger, the company's sixth chief executive. UFG generates revenue primarily through writing commercial P&C insurance and collecting premiums across standard commercial lines (commercial auto, commercial property, general and excess liability, inland marine, umbrella, workers compensation, cyber), specialty excess and surplus lines, surety bonds (contract and commercial), and reinsurance, distributed exclusively through approximately 850 independent insurance agencies serving all 50 U.S. states and the District of Columbia. The company holds an A- (Excellent) financial strength rating from AM Best, operates through nine wholly-owned insurance subsidiaries (including United Fire & Casualty Company, Addison Insurance Company, Lafayette Insurance Company, Financial Pacific Insurance Company, Franklin Insurance Company, Mercer Insurance Company, Mercer Insurance Company of New Jersey, UFG Specialty Insurance Company, United Fire & Indemnity Company, and United Fire Lloyds), and reported record third-quarter 2025 net written premium of $328 million with $39.2 million in net income.
The company's go-to-market centers on a dedicated middle-market business unit targeting midsize and large commercial accounts in manufacturing, construction, real estate, heavy equipment dealers, architects and engineers, and wholesale distribution, complemented by a small-business offering anchored on a Businessowners Policy (BOP) and surety products that include both a credit-based ufgQuick program for new or infrequent contractors (up to $750,000 aggregate bonding capacity) and a traditional underwriting program supporting single bonds above $40 million and work programs above $80 million. Distribution is agent-led: appointed agents access 24/7 sales and underwriting resources through ufgMarketingsolutions.com (appetite guides, industry sales guides, hit lists) and submit credit-based surety bonds via ufgagent.com. In-house services include risk control consulting, premium audit, claims handling (with a dedicated construction defect claims unit and 24/7 nurse triage via CorVel for workers compensation), and an in-house service center.
On the financial and capital side, UFG completed a $30 million private offering of senior notes due 2039 with Ares Alternative Credit funds as investors in July 2025 to support growth and corporate purposes, declared a $0.20 per share quarterly cash dividend at its May 2026 annual meeting, and continued to invest in its agent-facing technology stack. Underwriting performance in 2025 showed improvement in combined ratio, loss ratio, and underwriting expense ratio, consistent with a profitable growth phase for the franchise.
UFG Insurance firmographics
Firmographics- Name
- UFG Insurance
- Legal name
- United Fire Group, Inc.
- Website
- https://ufginsurance.com
- Company type
- Public
- Founded year
- 1946
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Short description
- UFG Insurance is a publicly traded U.S. property and casualty insurer (NASDAQ: UFCS) founded in 1946, offering commercial lines, surety bonds, excess and surplus, and reinsurance to midsize and large businesses through roughly 850 independent agencies nationwide.
- Ownership category
- akta.pro rank
UFG Insurance industry classification
Industry- Product category
- Commercial Property and Casualty Insurance
- NAICS
- Direct Property and Casualty Insurance Carriers (524126), Direct Insurance (except Life, Health, and Medical) Carriers (52412), Insurance Agencies and Brokerages (52421)
- SIC
- Fire, Marine & Casualty Insurance (6331), Surety Insurance (6351), Insurance Carriers, Nec (6399)
- akta.pro primary industry
- Large Commercial Package (National Accounts) (FSAJAFAC)
- akta.pro secondary industries
- Commercial General Liability (CGL) (FSAJADAA), Commercial Excess Liability (Large Accounts) (FSAJANAG), Standalone Umbrella Liability (FSAJANAE), Technology Errors & Omissions (Tech E&O) / Professional Liability (FSAJAOAC), Professional Liability (E&O) Reinsurance (FSAOADAH), Commercial Auto & Fleet Liability Insurance (Primary) (TLABANAA)
Keywords
Where UFG Insurance is headquartered
LocationHeadquarters
- HQ city
- Cedar Rapids
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
UFG Insurance business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Personnel, Marketing or Sales, Technology or R&D, Supply Chain, Others
Revenue model
- Property and Casualty Insurance Premiums: UFG generates revenue primarily through writing property and casualty insurance policies, collecting premiums from policyholders. The company reported record third quarter net written premium of $328 million and net income of $39.2 million for Q3 2025.
- Senior Notes Offering: UFG completed a private offering of $30 million in senior notes due 2039, with proceeds supporting growth and corporate purposes.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | ufgQuick credit-based program for new/infrequent bond users |
| Transaction based/ take rate | Pay-as-you-go | Traditional underwriting program for established contractors |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels4 records
UFG Insurance product offering
Product offeringCore offering
UFG Insurance is a property and casualty insurer that underwrites commercial insurance (commercial auto, property, general and excess liability, umbrella, workers compensation, cyber, inland marine), surety bonds, excess and surplus lines, and reinsurance products. Coverage is sold through approximately 850 independent insurance agencies across all 50 U.S. states, with the company's reinsurance division also accepting business from other carriers.
Product overview
UFG Insurance is a property and casualty insurance company offering a comprehensive portfolio of commercial insurance products and surety bonding services. The core products include Business Insurance (commercial auto, property, liability, umbrella, workers comp), Surety Bonds (contract and commercial), Excess and Surplus lines, Reinsurance, and specialized coverage including Cyber and Inland Marine. The company serves middle market businesses through its dedicated middle market business unit. Surety offerings include the ufgQuick credit-based bonding program for new/small contractors and traditional underwriting for established contractors. Additional services include Risk Control, Claims Capabilities, Premium Audit, and Service Center, all supported by the UFG Marketing Solutions agent portal.
Differentiator
Problem solved
Functional benefit
Brands
- ufgQuick: Credit-based surety bond underwriting program for new or infrequent surety bond users, providing single bonds and aggregate bonded-up to $750,000 with immediate response.
- ArtisanPro
Products and services
- Business Insurance Comprehensive commercial insurance coverage for midsize and large businesses, bundling commercial auto, property, general and excess liability, umbrella, workers compensation, and other commercial lines into a single carrier relationship. Targeted at companies needing coordinated, multi-line coverage across properties, vehicles, and operations.
- Surety Bonds Contract surety bonds (bid, payment, performance, and maintenance) plus commercial surety for contractors of virtually any size. Underwritten through both the ufgQuick instant-indication program and traditional underwriting for larger or more complex accounts.
- ufgQuick Online credit-based surety underwriting program that delivers instant indications and fast bond issuance for eligible contractors and commercial principals, bypassing the slower traditional underwriting queue for smaller and straightforward surety risks.
- Middle Market Insurance Specialized commercial insurance solutions designed for midsize and large businesses across industry segments including manufacturing, real estate, services, architects and engineers, heavy equipment dealers, and wholesale distribution, combining industry-specific underwriting with risk control and claims services.
- Excess and Surplus Lines E&S lines coverage for risks that do not fit standard admitted markets, offering flexible underwriting for non-standard, unusual, or higher-hazard commercial exposures typically placed through wholesale brokers and managing general agents.
- Reinsurance Reinsurance of property, casualty, and surety business accepted from other insurance companies and reinsurers worldwide, used as a portfolio diversification and capacity tool by UFG.
- Businessowners Policy (BOP) Bundled businessowners policy combining commercial property and liability coverages into a single package for eligible small-to-mid-sized businesses.
- Commercial Property Insurance Commercial property insurance for direct physical loss and damage to business properties, buildings, and business personal property.
- Commercial Liability Insurance Commercial general liability coverage for bodily injury, property damage, and personal and advertising injury exposures arising from business operations.
- Workers Compensation Insurance Workers compensation insurance covering employee work-related injuries and occupational disease, providing wage-replacement and medical benefits.
- Cyber Insurance Cyber liability insurance providing coverage for data breach, cyber extortion, and other digital exposures faced by businesses.
- Inland Marine Insurance Inland marine insurance covering goods and equipment in transit, mobile equipment, and other property typically moved or stored off-premises.
- ArtisanPro Specialty BOP-style program for artisan contractors such as plumbers, electricians, HVAC contractors, and landscapers, packaging general liability, property, inland marine, commercial auto, workers compensation, umbrella, cyber, and surety coverages into a tailored artisan-contractor solution.
- Risk Control Services In-house risk control services delivered to UFG policyholders, providing loss-prevention consultations, safety guidance, and risk-improvement recommendations to help businesses reduce exposures.
- Claims Capabilities Claims handling capabilities providing in-house claims adjustment, online claims reporting with digital document upload, and ongoing claim support for UFG policyholders and claimants.
- Premium Audit Premium audit services that review and validate the payroll, sales, or other auditable exposures underlying workers compensation and other auditable policies at year-end and at policy term changes.
- Service Center Service Center providing policy service support to agents and policyholders for endorsements, billing questions, certificates, and other policy-servicing requests.
Quantifiable outcome
- Record Q3 2025 net written premium of $328 million
- +1 more outcomes
Companies that use UFG Insurance
Customer profileSegments8 records
Ideal customer profiles5 records
UFG Insurance technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration5 records
UFG Insurance partnerships and signals
Strategic signalScale indicators11 records
Recent moves5 records
Expansion highlights6 records
UFG Insurance competitors and assessment
Company assessmentDirect peers
- Cincinnati Financial: Cincinnati Financial (CINF) is a mid-size publicly traded P&C carrier with a strong independent-agent distribution model and similar emphasis on commercial lines for middle-market businesses — directly comparable in scale, channel, and customer profile to UFG.
- Hanover Insurance Group: Hanover (THG) writes commercial and personal P&C through independent agents with a comparable middle-market commercial focus, including specialty lines like surety and inland marine — closely aligned with UFG's product mix and distribution.
- Selective Insurance Group: Selective (SIGI) is a similar-size commercial P&C carrier distributed through independent agents with deep regional and middle-market focus. Its standard and excess & surplus lines parallel UFG's commercial package and E&S offerings.
- RLI Corp: RLI is a specialty P&C insurer with strength in commercial property, casualty, and surety distributed through wholesale and retail agents — comparable to UFG in specialty-line emphasis and underwriting-driven culture.
- Markel Group: Markel writes specialty commercial insurance including surety and E&S lines through diverse distribution channels. Its specialty-insurance discipline and agent relationships position it as a comparable specialty carrier to UFG.
- Donegal Group: Donegal Group (DGICA/DGICB) is a regional P&C carrier of similar scale distributed primarily through independent agents, with a comparable commercial-lines emphasis on middle-market and small-business accounts.
- EMC Insurance: EMC Insurance (EMCI) is a comparable mid-size P&C carrier focused on commercial lines distributed through independent agents, with similar regional concentration in the Midwest — directly comparable in scale and channel.
- Kinsale Capital: Kinsale (KNSL) is a specialty E&S commercial carrier that competes with UFG's excess and surplus book and shares a high-margin underwriting focus, though distributed more through wholesale brokers.
Broad incumbents
- American Financial Group: American Financial Group (AFG) is a larger specialty P&C and surety-focused organization with greater scale and a broader portfolio, including significant surety operations that overlap with UFG's surety franchise.
- Travelers: Travelers (TRV) is one of the largest U.S. P&C incumbents with broad commercial lines including middle-market accounts and surety. It competes with UFG on the upper end of UFG's middle-market and large-account segment.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
UFG Insurance social profiles
Digital presenceUFG Insurance compliance and trust
Trust signalCompliance1 record
UFG Insurance financial estimates
Financial estimateRevenue estimate
Valuation estimate
UFG Insurance leadership team
Management profileNumber of profiles
Profiles7 records
UFG Insurance subsidiaries and ownership
Company hierarchySubsidiaries9 records
UFG Insurance funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
UFG Insurance M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about UFG Insurance
What does UFG Insurance do?
UFG Insurance is a property and casualty insurer that underwrites commercial insurance (commercial auto, property, general and excess liability, umbrella, workers compensation, cyber, inland marine), surety bonds, excess and surplus lines, and reinsurance products. Coverage is sold through approximately 850 independent insurance agencies across all 50 U.S. states, with the company's reinsurance division also accepting business from other carriers.
Is UFG Insurance a public or private company?
UFG Insurance is a public company. It is classified as public and is currently operating.
When was UFG Insurance founded?
UFG Insurance was founded in 1946. It employs 1,001 to 5,000 people.
Where is UFG Insurance based?
UFG Insurance is headquartered in Cedar Rapids, United States, in the North America region.
How does UFG Insurance make money?
Two revenue lines are on record. Property and Casualty Insurance Premiums are the primary driver. The others are senior Notes Offering.
Who are UFG Insurance's main competitors?
Direct peers on record are Cincinnati Financial, Hanover Insurance Group, Selective Insurance Group, RLI Corp, Markel Group, Donegal Group, EMC Insurance and Kinsale Capital. Broad incumbents are American Financial Group and Travelers.
Does UFG Insurance have an API?
No public API is recorded for UFG Insurance.
What industry is UFG Insurance in?
UFG Insurance's product category is Commercial Property and Casualty Insurance. Its primary akta.pro industry code is FSAJAFAC, Large Commercial Package (National Accounts), with a secondary code of FSAJADAA, Commercial General Liability (CGL). Its NAICS code is 524126 and its SIC code is 6331.