UFG Insurance Q1 2023 Earnings Results | May 9

UFG Insurance reported first quarter 2023 results with net premiums written of $273.3 million, up 13.4% year-over-year, and net income of $0.7 million. The company achieved an underlying combined ratio of 99.3% and a GAAP combined ratio of 104.0%, driven by core commercial lines growth and four consecutive quarters of premium expansion.