United Fire (UFCS) Change in Inventory (2010 - 2024)
United Fire (UFCS) posted Change in Inventory of $56.4 million for Q1 2024, down 26.33% sequentially from $76.5 million in Q3 2023, and up 561.52% YoY from $8.5 million in Q2 2023.
United Fire (UFCS) Change in Inventory (2010 - 2024) Analysis & Trends
United Fire has reported Change in Inventory for 15 years, with the latest figure at $56.4 million in Q1 2024.
- Quarterly Change in Inventory rose 561.52% year-over-year to $56.4 million in Q1 2024, while the trailing twelve-month figure through Dec 2024 was $56.4 million (down 51.43% YoY) and the FY2024 annual result came in at $56.4 million, down 51.43% from the prior year.
- Change in Inventory slipped to $56.4 million in Q1 2024 per UFCS's latest filing, from $76.5 million in the prior quarter.
- Over five years, Change in Inventory peaked at $76.5 million in Q3 2023 and troughed at -$6.5 million in Q3 2021.
- A 5-year average of $20.9 million and a median of $15.0 million in 2020 frame the typical range for Change in Inventory.
- The sharpest annual moves came in 2021 and 2023: Change in Inventory tumbled 131.75% in 2021, then soared 13468.62% in 2023.
- Over 5 years, Change in Inventory stood at $35.2 million in 2020, then slumped by 88.9% to $3.9 million in 2021, then plunged by 85.56% to $564000.0 in 2022, then jumped by 13468.62% to $76.5 million in 2023, then fell by 26.33% to $56.4 million in 2024.
- According to Business Quant data, Change in Inventory over the past three periods registered $56.4 million, $76.5 million, and $31.0 million for Q1 2024, Q3 2023, and Q2 2023 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change in Inventory (Qtr) |
|---|---|---|---|---|---|
| 1 | Chubb | 134.48 Bn | 120.72 Bn | 9.13 Bn | - |
| 2 | Progressive | 123.71 Bn | 118.71 Bn | 9.04 Bn | - |
| 3 | Travelers Companies | 79.14 Bn | 55.39 Bn | 4.83 Bn | - |
| 4 | Allstate | 67.04 Bn | 28.31 Bn | 16.28 Bn | - |
| 5 | Fairfax Financial Holdings | 35.29 Bn | 35.29 Bn | - | - |
| 6 | Cincinnati Financial | 26.69 Bn | 24.80 Bn | 2.39 Bn | - |
| 7 | Loews | 23.25 Bn | 947.16 Mn | 2.57 Bn | -27.00 Mn |
| 8 | Markel | 23.10 Bn | 6.22 Bn | 2.83 Bn | - |
| 9 | Assurant | 13.92 Bn | 11.89 Bn | 2.71 Bn | - |
| 10 | United Fire | 1.39 Bn | 1.25 Bn | 171.45 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2024 | 56.38 Mn |
| Mar 31, 2024 | 56.38 Mn |
| Sep 30, 2023 | 76.53 Mn |
| Sep 30, 2023 | 76.53 Mn |
| Jun 30, 2023 | 31.03 Mn |
| Jun 30, 2023 | 31.03 Mn |
| Mar 31, 2023 | 8.52 Mn |
| Mar 31, 2023 | 8.52 Mn |
| Sep 30, 2022 | 564,000.00 |
| Sep 30, 2022 | 564,000.00 |
| Jun 30, 2022 | 10.77 Mn |
| Jun 30, 2022 | 10.77 Mn |
| Mar 31, 2022 | 18.39 Mn |
| Mar 31, 2022 | 18.39 Mn |
| Dec 31, 2021 | 3.91 Mn |
| Dec 31, 2021 | 3.91 Mn |
| Sep 30, 2021 | -6.48 Mn |
| Sep 30, 2021 | -6.48 Mn |
| Jun 30, 2021 | 2.25 Mn |
| Jun 30, 2021 | 2.25 Mn |