CEDAR RAPIDS, Iowa, May  20, 2026  (GLOBE NEWSWIRE) -- Today, the board of directors of United Fire Group, Inc. (UFG) (NASDAQ:UFCS) declared a common stock quarterly cash dividend of $0.20 per share. This dividend will

UFCS

United Fire Group, Inc. declares quarterly cash dividend of $0.20 per share  and announces results of annual meeting of shareholders

United Fire Group Declares Dividend and Expands Repurchase Program

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>CEDAR RAPIDS, Iowa, May  20, 2026  (GLOBE NEWSWIRE) -- Today, the board of directors of United Fire Group, Inc. (UFG) (NASDAQ:UFCS) declared a common stock quarterly cash dividend of $0.20 per share. This dividend will</p>
  </section>

  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>United Fire Group announced a quarterly dividend of $0.20 per share and expanded its share repurchase program, increasing the authorization from 1 million to 2 million shares. These developments signal solid financial health and shareholder returns, likely enhancing investor confidence and stock performance.</p>
  </section>

  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>UFCS declared a quarterly dividend of $0.20 per share, payable June 19.</li><li>Share repurchase program increased to 2 million shares, extending to August 2028.</li><li>Five Class A directors were elected for three-year terms at the annual meeting.</li><li>Ernst &amp; Young ratified as independent auditor for 2026.</li><li>Compensation of executive officers was approved by shareholder vote.</li></ul>
  </section>

  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>United Fire Group, Inc. (UFCS)</strong>: Strong dividend and buyback increase may boost stock attractiveness.</li><li><strong>Ernst &amp; Young LLP</strong>: Ratification as auditor reflects confidence in the company&#039;s financial oversight.</li></ul>
  </section>

  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>This news fits the &#039;Corporate Developments&#039; category due to the strategic financial actions taken by UFCS, indicating a proactive approach to share value enhancement and shareholder returns.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>The dividend declaration supports income-oriented investors and reflects strong cash flow.</li><li>The increase in share repurchase authorization could lead to lower outstanding shares and higher EPS.</li><li>Shareholder approval of executive compensation might boost management morale and performance.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>Quarterly dividend set at $0.20 per share, payable June 19, 2026.</li><li>Share repurchase program expanded to 2 million shares, authorized until August 2028.</li><li>Five directors elected for a three-year term ending in 2029.</li><li>Ernst &amp; Young LLP ratified as the auditor for 2026.</li><li>2021 Non-Employee Director Stock Plan extended to December 31, 2034.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Expect UFCS stock to rise in response to positive dividend news and share repurchase increase.</p>
  </section>
</section>


<link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css"></link><p align="justify">CEDAR RAPIDS, Iowa, May  20, 2026  (GLOBE NEWSWIRE) -- Today, the board of directors of United Fire Group, Inc. (UFG) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/UFCS">UFCS</a>) declared a common stock quarterly cash dividend of $0.20 per share. This dividend will be payable June 19, 2026, to shareholders of record as of June 5, 2026. In addition, the board of directors extended the current Share Repurchase Program to August 31, 2028, and increased the number of shares of its common stock the company is authorized to purchase under the Share Repurchase Program to 2 million shares. The previous authorization allowed for the purchase of 1 million shares.</p>  <p align="justify"><strong>Director elections to the board of directors</strong></p>  <p align="justify">UFG announced today that its shareholders elected five Class A directors to its 11-member board of directors at the 2026 annual meeting of shareholders held on May 20, 2026.</p>  <p align="justify">The following individuals were each elected as Class A directors to serve three-year terms expiring in 2029:</p>  <ul type="disc"><li style="text-align:justify;">Scott L. Carlton, President of Tokai Carbon GE LLC</li><li style="text-align:justify;">Brenda K. Clancy, former Global Chief Technology Officer for AEGON N.V.</li><li style="text-align:justify;">Kevin J. Leidwinger, President and Chief Executive Officer of United Fire Group, Inc.</li><li style="text-align:justify;">Gilda L. Spencer, Adjunct Professor for Loyola University Chicago School of Law</li><li style="text-align:justify;">Susan E. Voss, former Vice President and General Counsel and Vice President of Government Relations of American Enterprise Group, Inc.<br></br><br></br></li></ul>  <p align="justify">In other official business, shareholders:</p>  <ul type="disc"><li style="text-align:justify;">Ratified the appointment of Ernst &amp; Young LLP as the company's independent registered public accounting firm for 2026.</li><li style="text-align:justify;">Approved, on an advisory basis, the compensation of the company&#39;s named executive officers.</li><li style="text-align:justify;">Approved the amendment of the 2021 Non-Employee Director Stock Plan to increase the number of shares of United Fire Group, Inc. common stock available for issuance thereunder to non-employee directors and to extend the life of the 2021 Non-Employee Director Stock Plan from December 31, 2029 to December 31, 2034.<br></br><br></br></li></ul>  <p align="justify"><strong>About UFG</strong></p>  <p align="justify">Founded in 1946 as United Fire &amp; Casualty Company, UFG, through its insurance company subsidiaries, is engaged in the business of writing property and casualty insurance. The company is licensed as a property and casualty insurer in 50 states and the District of Columbia, and is represented by approximately 850 independent agencies. AM Best assigns a rating of "A-" (Excellent) for members of the United Fire &amp; Casualty Group. For more information about UFG, visit <a href="https://www.globenewswire.com/Tracker?data=xXue40dbeSwXrXHHks78dEqQKVrznB1klwLzq9DdgIcvQubY30LMCyyKImaOUpXWmpkPsIgP6dRP65wR1MaPylDKUxcO2WhpADZURf0eBrY=" rel="nofollow" target="_blank">www.ufginsurance.com</a>.</p>  <p align="justify"><strong>Contact:</strong></p>  <p align="justify"><strong>Investor relations</strong><br></br>Email: <a href="https://www.globenewswire.com/Tracker?data=OELaujX6NK8K-F6g9LdtIqEWHBDRhhnF74iAMEQXY-WHmgbC8wljISp91Hl8lkUPc5J_3q9h1aBNzNdmBpWcyZHfQ86XlNruZYujQi_nXBM=" rel="nofollow" target="_blank">ir@unitedfiregroup.com</a> </p>  <p align="justify"><strong>Media inquiries </strong><br></br>Email: <a href="https://www.globenewswire.com/Tracker?data=0XVGDY276kE4n9IfT7B4X7pO0Ky9d5qEaaeQOzU9CsxrynDNIbDILqwRcDWLQ9Lldh2_FOv2s4hOXvLNuNPh0SN1FDgSqyZoy5sJiqAwIzlgJ8udZ96w2L5CknP48EQ7" rel="nofollow" target="_blank">news@unitedfiregroup.com</a> </p>  <p align="justify"><strong>Disclosure of forward-looking statements</strong></p>  <p align="justify">This release may contain forward-looking statements about our operations, anticipated performance and other similar matters. The Private Securities Litigation Reform Act of 1995 provides a safe harbor under the Securities Act of 1933 and the Securities Exchange Act of 1934 for forward-looking statements. The forward-looking statements are not historical facts and involve risks and uncertainties that could cause actual results to differ from those expected and/or projected. Such forward-looking statements are based on current expectations, estimates, forecasts and projections about the Company, the industry in which we operate, and beliefs and assumptions made by management. Words such as &#34;expect(s),&#34; &#34;anticipate(s),&#34; &#34;intend(s),&#34; &#34;plan(s),&#34; &#34;believe(s),&#34; &#34;continue(s),&#34; &#34;seek(s),&#34; &#34;estimate(s),&#34; &#34;goal(s),&#34; &#34;remain(s) optimistic,&#34; &#34;target(s),&#34; &#34;forecast(s),&#34; &#34;project(s),&#34; &#34;predict(s),&#34; &#34;should,&#34; &#34;could,&#34; &#34;may,&#34; &#34;will,&#34; &#34;might,&#34; &#34;hope,&#34; &#34;can&#34; and other words and terms of similar meaning or expression in connection with a discussion of future operations, financial performance or financial condition, are intended to identify forward-looking statements. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed in such forward-looking statements. Information concerning factors that could cause actual outcomes and results to differ materially from those expressed in the forward-looking statements is contained in Part I, Item 1A &#34;Risk Factors&#34; of our Annual Report on Form 10-K for the year ended December 31, 2025, filed with the Securities and Exchange Commission (&#34;SEC&#34;) on February 26, 2026. The risks identified in our Annual Report on Form 10-K and in our other SEC filings are representative of the risks, uncertainties, and assumptions that could cause actual outcomes and results to differ materially from what is expressed in the forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release or as of the date they are made. Except as required under the federal securities laws and the rules and regulations of the SEC, we do not have any intention or obligation to update publicly any forward-looking statements, whether as a result of new information, future events, or otherwise. In addition, future dividend payments are within the discretion of our Board of Directors and will depend on numerous factors, including our financial condition, our capital requirements and other factors that our Board of Directors considers relevant.</p> <img alt="" class="__GNW8366DE3E__IMG" src="https://www.globenewswire.com/newsroom/ti?nf=OTcyNDExMiM3NjE0MTAzIzIwMDc0ODQ="></img> <br></br><img alt="" src="https://ml.globenewswire.com/media/OTI4Y2QyOTEtODljZi00NWEwLWE4OWEtZTNhMzVmYTBjZDkwLTEwMTkwNTctMjAyNi0wNS0yMC1lbg==/tiny/United-Fire-Group-Inc.png" referrerpolicy="no-referrer-when-downgrade"></img><p><a href="https://www.globenewswire.com/NewsRoom/AttachmentNg/f38a4883-8461-496d-b806-970e5125d1b6"><img src="https://ml.globenewswire.com/media/f38a4883-8461-496d-b806-970e5125d1b6/small/ufg-logo-2018-jpg.jpg" border="0" width="150" height="73" alt="Primary Logo"></img></a></p>

United Fire Group announced a quarterly dividend of $0.20 per share and expanded its share repurchase program, increasing the authorization from 1 million to 2 million shares. These developments signal solid financial health and shareholder returns, likely enhancing investor confidence and stock performance.

United Fire Group, Inc. declares quarterly cash dividend of $0.20 per share and announces results of annual meeting of shareholders

AI Summary

Sentiment Rationale

Trading Thesis

Market-Moving

Key Facts

Companies Mentioned

Corporate Developments

Related News