United Fire Group Inc.

This increase is primarily related to an increase in net income and a decrease in unrealized investment losses on fixed maturity securities, partially offset with shareholder dividends during the six-month period ended June 30, 2025.

SEC original ↗United Fire Group Inc. — Earnings release (8-K exhibit)EX-99Aug 5, 2025

Capital management During the second quarter of 2025, the company declared and paid a $0.16 per share cash dividend to shareholders of record as of June 6, 2025.

SEC original ↗United Fire Group Inc. — Earnings release (8-K exhibit)EX-99Aug 5, 2025

UFG has paid a quarterly dividend every quarter since March 1968.

SEC original ↗United Fire Group Inc. — Earnings release (8-K exhibit)EX-99Aug 5, 2025

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.

SEC original ↗United Fire Group Inc. — Earnings release (8-K exhibit)EX-99Aug 5, 2025

The fair value of financial instruments that are not carried at fair value on a recurring basis in the financial statements at June 30, 2026 and December 31, 2025 are summarized below: June 30, 2026 Description Fair Value Total Level 1 Level 2 Level 3 Net Asset Value Financial assets: Cash and cash equivalents $ 115,323 $ 115,323 $ $ $ Other Long Term Investments (1) 220,933 1,551 219,382 Mortgage Loans 29,926 29,926 Total $ 366,182 $ 115,323 $ 1,551 $ 29,926 $ 219,382 Financial Liabilities: Long Term Debt $ 139,291 $ $ 139,291 $ $ Total $ 139,291 $ $ 139,291 $ $ (1) As a member of Lloyd's, the Company participates in the syndicate results which include the fair value of the investments.

SEC original ↗United Fire Group Inc. — 10-Q Quarterly report10-QAug 4, 2026

18 Table of Contents December 31, 2025 Description Fair Value Total Level 1 Level 2 Level 3 Net Asset Value Financial assets: Cash and cash equivalents $ 111,581 $ 111,581 $ $ $ Other Long Term Investments (1) 228,507 1,409 227,098 Mortgage Loans 30,127 30,127 Total $ 370,215 $ 111,581 $ 1,409 $ 30,127 $ 227,098 Financial Liabilities: Long Term Debt $ 142,319 $ $ 142,319 $ $ Total $ 142,319 $ $ 142,319 $ $ (1) As a member of Lloyd's, the Company participates in the syndicate results which include the fair value of the investments.

SEC original ↗United Fire Group Inc. — 10-Q Quarterly report10-QAug 4, 2026

The strategic steps we have taken to deepen our underwriting expertise, evolve our capabilities, better align with our distribution partners and 1 improve our investment returns continue to materialize in our results.

SEC original ↗United Fire Group Inc. — Earnings release (8-K exhibit)EX-99Aug 5, 2025

While pleased with our results, our work is not done and we remain committed to executing our strategic business plan to achieve superior financial and operational performance.

SEC original ↗United Fire Group Inc. — Earnings release (8-K exhibit)EX-99Aug 5, 2025

Investors and equity analysts who invest in and report on the insurance industry and the company generally focus on this metric in their analyses.

SEC original ↗United Fire Group Inc. — Earnings release (8-K exhibit)EX-99Aug 5, 2025

Management believes net written premium is a meaningful measure for evaluating insurance company sales performance and geographical expansion efforts.

SEC original ↗United Fire Group Inc. — Earnings release (8-K exhibit)EX-99Aug 5, 2025

Risks and uncertainties that may affect the actual financial condition and results of the Company include, but are not limited to, the following: The success of our strategy may be adversely impacted by various internal and external factors; Our core insurance business is dependent on strong and beneficial relationships with a large network of independent insurance agents.

SEC original ↗United Fire Group Inc. — 10-Q Quarterly report10-QAug 4, 2026

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.

SEC original ↗United Fire Group Inc. — Earnings release (8-K exhibit)EX-99Aug 5, 2025

These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict.

SEC original ↗United Fire Group Inc. — Earnings release (8-K exhibit)EX-99Aug 5, 2025

The risks identified in our 2024 Annual Report 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.

SEC original ↗United Fire Group Inc. — Earnings release (8-K exhibit)EX-99Aug 5, 2025

Legal Proceedings 44 Item 1A.

SEC original ↗United Fire Group Inc. — 10-Q Quarterly report10-QAug 4, 2026

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.

SEC original ↗United Fire Group Inc. — 10-Q Quarterly report10-QAug 4, 2026

Risks and uncertainties that may affect the actual financial condition and results of the Company include, but are not limited to, the following: The success of our strategy may be adversely impacted by various internal and external factors; Our core insurance business is dependent on strong and beneficial relationships with a large network of independent insurance agents.

SEC original ↗United Fire Group Inc. — 10-Q Quarterly report10-QAug 4, 2026