Insurer UFG weathers a tough fourth quarter amid rising claims
Corridor Business Journal: It was a tough fourth quarter for UFG Insurance, bringing a consolidated net loss amid rising auto and property claims as well as investment losses. The Cedar Rapids-based insurer last week reported a fourth-quarter loss of $29.3 million, or $1.17 per diluted share, compared with a profit of $46 million, or $1.81 per share, in the same quarter in 2017. Consolidated net income for the full year ended Dec. 31, 2018, was $27.7 million, or $1.08 per diluted share, compared with $51 million, or $1.99 per share, in 2017.
Trending News
Related
