United Historical Income Statement
| UFCS Stock | USD 26.50 0.27 1.01% |
Historical analysis of United Fire income statement accounts such as Interest Expense of 2.8 M, Total Revenue of 635.1 M, Gross Profit of 634.4 M or Other Operating Expenses of 1.3 B can show how well United Fire Group performed in making a profits. Evaluating United Fire income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of United Fire's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining United Fire Group latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether United Fire Group is a good buy for the upcoming year.
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About United Income Statement Analysis
United Fire Group Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to United Fire shareholders. The income statement also shows United investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
United Fire Income Statement Chart
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Total Revenue
Total revenue comprises all receipts United Fire Group generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Gross Profit
Gross profit is a required income statement account that reflects total revenue of United Fire Group minus its cost of goods sold. It is profit before United Fire operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of United Fire Group. It is also known as United Fire overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Operating Income
Operating Income is the amount of profit realized from United Fire Group operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of United Fire Group is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.Total Operating Expenses
The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.Most accounts from United Fire's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into United Fire Group current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in United Fire Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. At this time, United Fire's Other Operating Expenses is comparatively stable compared to the past year. Total Operating Expenses is likely to gain to about 1 B in 2025, whereas Total Revenue is likely to drop slightly above 635.1 M in 2025.
| 2022 | 2023 | 2024 | 2025 (projected) | Gross Profit | 980.3M | 1.1B | 1.3B | 634.4M | Total Revenue | 980.3M | 1.1B | 1.3B | 635.1M |
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United Fire income statement Accounts
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 (projected) | ||
| Interest Expense | 133K | 3.2M | 3.2M | 3.3M | 2.9M | 2.8M | |
| Total Revenue | 1.1B | 1.1B | 980.3M | 1.1B | 1.3B | 635.1M | |
| Gross Profit | 1.1B | 1.1B | 980.3M | 1.1B | 1.3B | 634.4M | |
| Other Operating Expenses | 1.2B | 969.3M | 968.2M | 1.1B | 1.3B | 1.3B | |
| Operating Income | (175.8M) | 96.6M | 15.3M | (36.5M) | (32.9M) | (31.2M) | |
| Ebit | (169.4M) | 100.0M | 15.3M | (36.5M) | (32.8M) | (31.2M) | |
| Ebitda | (162.7M) | 106.6M | 22.9M | (26.0M) | (29.8M) | (28.4M) | |
| Total Operating Expenses | (1.2B) | (969.6M) | (965.0M) | 1.1B | 988.5M | 1.0B | |
| Net Income | (112.7M) | 80.6M | 15.0M | (29.7M) | (34.2M) | (32.4M) | |
| Income Tax Expense | (56.8M) | 16.2M | (3.0M) | (10.0M) | (9.0M) | (8.6M) | |
| Depreciation And Amortization | 6.7M | 6.6M | 7.7M | 10.5M | 12.1M | 12.7M | |
| Income Before Tax | (169.5M) | 96.8M | 12.1M | (39.7M) | (35.7M) | (34.0M) | |
| Total Other Income Expense Net | (169.6M) | (969.3M) | (968.2M) | (3.2M) | (2.9M) | (3.0M) | |
| Net Income Applicable To Common Shares | 14.8M | (112.7M) | 80.6M | 15.0M | 13.5M | 12.9M | |
| Net Income From Continuing Ops | (112.7M) | 80.6M | 15.0M | (29.2M) | (26.3M) | (25.0M) | |
| Non Operating Income Net Other | (51.0M) | 70.1M | 47.1M | (39.9M) | (35.9M) | (34.1M) | |
| Tax Provision | (56.8M) | 16.2M | (3.0M) | (12.0M) | (10.8M) | (10.3M) | |
| Interest Income | 57.6M | 55.0M | 53.9M | 66.0M | 59.4M | 53.1M | |
| Reconciled Depreciation | 6.7M | 6.6M | 7.7M | 7.4M | 8.5M | 7.7M |
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When running United Fire's price analysis, check to measure United Fire's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy United Fire is operating at the current time. Most of United Fire's value examination focuses on studying past and present price action to predict the probability of United Fire's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move United Fire's price. Additionally, you may evaluate how the addition of United Fire to your portfolios can decrease your overall portfolio volatility.