United Fire Group, Inc. Approves a 10.7 Percent Dividend Increase and Declares a Common Stock Quarterly Cash Dividend of $0.31 per Share

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CEDAR RAPIDS, Iowa, May 16, 2018 (GLOBE NEWSWIRE) -- Today, the Board of Directors of United Fire Group, Inc. (Nasdaq:UFCS) ("UFG") approved a dividend increase of 10.7 percent over the previous quarterly dividend and declared a common stock quarterly cash dividend of $0.31 per share. This dividend will be payable June 15, 2018, to shareholders of record as of June 1, 2018.

Founded in 1946 as United Fire & Casualty Company, UFG, through its insurance company subsidiaries, is engaged in the business of writing property and casualty insurance.

Through our subsidiaries, we are licensed as a property and casualty insurer in 46 states, plus the District of Columbia, and we are represented by approximately 1,150 independent agencies. A.M. Best Company assigns a rating of “A” (Excellent) for members of the United Fire & Casualty Group.

For more information about UFG, visit www.ufginsurance.com or contact:

Randy Patten, AVP of Finance and Investor Relations, 319-286-2537 or IR@unitedfiregroup.com

More news and information about United Fire Group, Inc

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Globe Newswire: 19:00 GMT Wednesday 16th May 2018

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