CEDAR RAPIDS, Iowa, Feb. 24, 2012 (GLOBE NEWSWIRE) -- The Board of Directors of United Fire Group, Inc. (Nasdaq:UFCS) declared a regular quarterly dividend on the common stock of 15 cents per share at its meeting today, Friday, February 24. This dividend will be payable on March 15, 2012, to stockholders of record as of March 1, 2012. Our company has paid dividends every quarter since March 1968.
About United Fire Group, Inc.
Founded in 1946 as United Fire & Casualty Company, United Fire Group, Inc. is engaged in the business of writing property and casualty insurance and life insurance and selling annuities. Our company's net premiums written totaled $604.9 million for the year ended December 31, 2011, and our market capitalization was $514.7 million at December 31, 2011.
Through our subsidiaries, we are licensed as a property and casualty insurer in 43 states plus the District of Columbia, and we are represented by more than 1,300 independent agencies. Both the United Fire and Mercer Insurance Company pooled groups are rated "A" (Excellent) by A.M. Best Company.
United Life Insurance Company is licensed in 33 states, and represented by more than 900 independent life agencies. A.M. Best Company has rated them an "A-" (Excellent).
The United Fire Group, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=11691
For more information about United Fire Group, Inc. visit www.unitedfiregroup.com.
Disclosure of forward-looking statements
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 materially from those expected and/or projected. Such forward-looking statements are based on current expectations, estimates, forecasts and projections about our company, the industry in which we operate, and beliefs and assumptions made by management. Words such as "expect(s)," "anticipate(s)," "intend(s)," "plan(s)," "believe(s)," "continue(s)," "seek(s)," "estimate(s)," "goal(s)," "target(s)," "forecast(s)," "project(s)," "predict(s)," "should," "could," "may," "will continue," "might," "hope," "can" and other words and terms of similar meaning or expression in connection with a discussion of future operating, 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 results to differ materially from those in the forward-looking statements is contained in Part I Item 1A "Risk Factors" of our annual report on Form 10-K for the year ended December 31, 2010, filed with the SEC on March 1, 2011 and in our report on Form 10-Q for the quarter ended September 30, 2011, filed with the SEC on November 7, 2011. The risks identified on Form 10-K are representative of the risks, uncertainties, and assumptions that could cause actual outcomes and results to differ materially from what is expressed in 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.
CONTACT: Randy A. Ramlo, President/CEO
or Dianne M. Lyons, Vice President/CFO
319-399-5700
Source: United Fire Group, Inc.