UNITED FIRE GROUP INC UFCS Balance Sheet

United fire group inc (UFCS)

Balance Sheet / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Dec'10
Assets [Abstract]
Held-to-maturity, at amortized cost (fair value $0 in 2018 and $150 in 2017)
-	-	-	-	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	1	1	1	1	1	3	4	4	5	5	6
Debt Securities, Available-for-sale
1,699	1,719	1,729	1,703	1,730	1,749	1,730	1,792	1,563	1,535	1,498	2,955	2,932	1,453	2,916	2,942	2,855	2,824	2,790	2,811	2,817	2,843	2,826	2,824	2,805	2,751	2,769	2,764	2,807	2,808	2,830	2,800	2,791	2,697	2,670	2,644	2,278
Debt Securities, Trading
11	15	16	17	16	13	14	14	15	16	13	15	14	14	13	12	13	12	12	16	16	16	17	18	16	9	9	12	13	13	14	14	15	13	13	15	12
Financing Receivable, before Allowance for Credit Loss
45	42	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Financing Receivable, Allowance for Credit Loss
0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Mortgage loans
45	42	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Equity securities at fair value (cost $65,481 in 2018 and $63,275 in 2017)
206	299	292	283	269	248	276	260	280	287	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Available-for-sale, at fair value (cost $57,387 in 2017 and $59,994 in 2016)
-	-	-	-	-	-	-	-	-	-	269	276	275	246	251	249	237	236	227	244	243	245	233	239	232	229	208	197	195	177	179	174	176	157	144	166	149
Trading securities, at fair value (cost $5,888 in 2017 and $5,434 in 2016)
-	-	-	-	-	-	-	-	-	-	6	6	6	5	4	5	4	4	4	3	3	4	3	3	3	2	2	1	2	2	-	-	-	1	-	-	-
Mortgage loans
-	-	36	36	34	25	14	9	-	0	-	3	3	-	3	3	3	3	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	6	6
Policy loans
-	-	-	-	-	-	-	-	-	-	-	5	5	-	5	5	5	5	5	5	5	5	6	6	6	6	6	6	6	6	7	7	7	7	7	7	7
Other long-term investments
66	78	49	47	40	37	40	43	44	49	49	65	67	51	57	52	51	54	51	50	47	50	46	48	46	44	34	33	30	30	29	24	22	20	19	20	20
Short-term investments
0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	1	1	1	1	1	1
Total investments
2,029	2,155	2,125	2,087	2,092	2,074	2,076	2,121	1,905	1,888	1,838	3,328	3,305	1,771	3,253	3,271	3,172	3,142	3,096	3,136	3,139	3,170	3,138	3,145	3,115	3,050	3,037	3,023	3,063	3,044	3,069	3,030	3,022	2,908	2,867	2,867	2,482
Cash and cash equivalents
120	120	129	148	95	64	52	100	316	95	98	130	93	89	140	119	143	106	124	93	111	90	71	90	68	92	86	80	101	107	82	101	74	144	154	177	180
Accrued investment income
15	15	15	15	16	15	16	15	15	13	14	25	28	13	27	24	26	25	26	25	27	25	27	27	28	27	29	29	30	30	31	32	32	32	31	32	28
Premiums receivable (net of allowance for doubtful accounts of $1,170 in 2020 and $1,239 in 2019)
363	357	387	402	365	346	379	380	339	328	351	361	324	306	331	339	302	276	295	302	268	249	258	268	236	218	233	237	207	188	203	211	186	172	185	189	124
Deferred Policy Acquisition Costs and Present Value of Future Insurance Profits, Net
94	94	98	101	95	92	95	95	89	88	97	167	165	93	157	159	160	168	158	159	139	139	146	143	143	150	144	137	113	105	100	107	105	106	109	111	87
Property and equipment (primarily land and buildings, at cost, less accumulated depreciation of $51,122 in 2020 and $50,183 in 2019)
122	116	121	115	108	97	88	80	71	68	64	57	56	55	54	53	52	53	52	50	49	49	48	48	47	47	44	43	42	43	43	44	44	45	45	36	21
Reinsurance receivables and recoverables (net of allowance for credit losses of $46 in 2020 and $0 in 2019)
98	72	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Reinsurance Recoverables, Including Reinsurance Premium Paid
-	-	57	52	56	61	66	58	63	63	68	73	70	62	87	80	71	73	74	73	83	86	84	81	85	87	100	104	120	114	147	152	150	128	126	124	46
Prepaid reinsurance premiums
11	9	7	8	7	7	5	4	4	3	3	3	3	3	4	4	4	3	3	3	3	3	3	3	3	3	3	3	3	2	3	3	3	6	7	8	1
Deferred tax asset
-	-	0	0	0	0	-	4	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income taxes receivable
34	19	12	9	4	15	10	0	0	6	21	8	10	14	11	12	-	0	1	6	-	-	4	3	0	1	2	0	2	16	15	14	22	26	26	24	17
Goodwill and intangible assets
22	22	22	22	23	23	23	23	23	23	24	24	24	24	24	25	25	25	25	25	26	26	26	26	26	27	27	27	27	28	28	29	30	30	31	31	0
Other assets
37	29	35	36	38	17	16	16	16	16	15	14	15	13	14	15	16	15	16	14	15	14	14	14	12	15	13	12	12	13	12	13	14	17	17	17	15
Assets held for sale
-	-	-	-	-	-	0	0	0	1,586	1,592	-	-	1,605	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
TOTAL ASSETS
2,949	3,013	3,014	3,001	2,903	2,816	2,830	2,902	2,845	4,183	4,190	4,197	4,096	4,054	4,107	4,105	3,975	3,890	3,876	3,891	3,864	3,856	3,825	3,851	3,769	3,720	3,723	3,700	3,724	3,694	3,737	3,741	3,687	3,618	3,604	3,621	3,007
LIABILITIES AND STOCKHOLDERS’ EQUITY
Losses and loss settlement expenses
1,438	1,421	1,360	1,341	1,303	1,312	1,278	1,240	1,219	1,224	1,237	1,180	1,140	1,123	1,090	1,054	1,016	1,003	1,005	999	975	969	1,004	981	974	960	978	968	971	971	965	960	954	945	952	949	603
Life insurance
-	-	-	-	-	-	-	-	-	-	-	1,329	1,342	-	1,355	1,364	1,367	1,372	1,375	1,389	1,419	1,447	1,459	1,470	1,471	1,472	1,472	1,476	1,484	1,498	1,508	1,504	1,493	1,476	1,459	1,419	1,389
Unearned premiums
520	505	528	539	510	492	508	517	476	465	490	502	467	443	468	475	436	415	428	431	398	378	390	395	360	340	354	354	326	311	324	330	304	288	300	302	200
Accrued expenses and other liabilities
152	155	136	131	123	122	158	173	158	167	130	173	145	147	189	204	192	200	207	224	189	212	131	140	124	142	168	159	157	164	152	140	143	138	129	133	78
Income taxes payable
-	-	-	-	-	-	-	5	17	-	-	-	-	-	0	0	5	4	0	0	8	5	-	-	1	0	-	1	-	-	-	-	-	-	-	-	-
Deferred tax liability
4	20	24	20	11	0	1	0	1	5	24	48	40	7	43	45	29	14	12	14	28	25	30	37	28	21	6	6	26	19	32	25	19	13	8	13	19
Liabilities held for sale
-	-	-	-	-	-	0	0	0	1,347	1,363	-	-	1,390	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	45	45	45	53	82	0
Trust preferred securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	7	15	15	15	0
TOTAL LIABILITIES
2,116	2,103	2,049	2,033	1,948	1,928	1,946	1,937	1,874	3,210	3,246	3,234	3,136	3,112	3,147	3,144	3,046	3,011	3,030	3,059	3,020	3,039	3,016	3,025	2,961	2,937	2,979	2,966	2,966	2,965	2,983	3,005	2,967	2,922	2,919	2,917	2,291
Stockholders’ Equity
Common stock, $0.001 par value; authorized 75,000,000 shares; 25,016,093 and 25,015,963 shares issued and outstanding in 2020 and 2019, respectively
0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	85	86	0
Additional paid-in capital
198	200	202	208	206	203	201	199	194	196	193	199	213	216	213	215	212	207	204	203	202	202	203	208	212	211	212	210	209	208	212	212	213	213	127	132	223
Retained earnings
616	697	728	739	751	715	752	824	832	608	600	625	629	616	610	604	607	591	565	551	542	523	493	498	492	484	462	454	444	425	431	426	415	400	387	396	415
Accumulated other comprehensive income, net of tax
18	13	33	20	-3	-30	-69	-59	-55	168	149	136	117	109	134	141	108	80	75	76	99	91	111	119	102	87	69	68	104	95	109	96	90	82	85	90	76
Stockholders' Equity Attributable to Parent
833	910	964	968	955	888	884	964	970	973	944	962	960	941	959	961	929	878	845	831	844	817	808	826	808	782	744	734	758	729	753	735	719	696	685	704	716
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY
2,949	3,013	3,014	3,001	2,903	2,816	2,830	2,902	2,845	4,183	4,190	4,197	4,096	4,054	4,107	4,105	3,975	3,890	3,876	3,891	3,864	3,856	3,825	3,851	3,769	3,720	3,723	3,700	3,724	3,694	3,737	3,741	3,687	3,618	3,604	3,621	3,007