United Fire (UFCS) Operating Expenses (2010 - 2026)

For the trailing twelve months through Jun 30, 2026, Operating Expenses at United Fire was $1.3 billion, up 7.4% year-over-year; for FY2025, it came in at $1.24 billion, up 5.3% from FY2024.

• Annual Operating Expenses has increased for three consecutive years, with a five-year compound annual growth rate of 0.0% (FY2020 to FY2025).
• In prior years, United Fire's Operating Expenses was $1.18 billion in FY2024 (+3.6%), $1.14 billion in FY2023 (+17.2%), $968.21 million in FY2022 (-0.1%) and $969.35 million in FY2021 (-21.7%).
• The Q2 2026 figure stands as the highest quarterly Operating Expenses in data going back to Q2 2010.
• On a year-over-year basis, Operating Expenses has increased in each of the last eight quarters, with growth averaging 8.0% over the last eight quarters.
• The strongest year-over-year quarter for Operating Expenses in the past five years was Q2 2023, with growth of 45.3%; the weakest was Q4 2021, with a decline of 38.3%.
• According to Business Quant data, Operating Expenses for the three prior quarters was $331.43 million (Q1 2026), $317.6 million (Q4 2025) and $305.34 million (Q3 2025).