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News Article | May 8, 2017
Site: www.prweb.com

North Risk Partners (NRP) of St. Cloud, MN, has been named National Agency of the Year by United Fire Group (UFG). NRP has been an agency with UFG since September 1992. At that time, the company was known as Apollo Agency. In addition to its St. Cloud office, NRP also has Minnesota office locations in Red Wing, Rochester, Saint Cloud and Thief River Falls. The agency named the National Agent of the Year award is among the highest-performing agency partners based on growth, profitability and professionalism. UFG’s National Agency of the Year also demonstrates the ability to go beyond for their customers by providing outstanding customer service. “While NRP has achieved remarkable growth and maintained strong profitability, those numbers don’t tell the entire story,” said Assistant Vice President and Marketing Manager, Great Lakes Division, Pat Kane. “Our underwriters, marketing representatives, supervisors and managers who’ve come to know this agency all view NRP as one of the truly great agencies. They are professional, reliable and dedicated to growing with UFG.” For more information about UFG, visit our website at http://www.ufginsurance.com. Founded in 1946 as United Fire & Casualty Company, UFG (Nasdaq: UFCS) is engaged in the business of writing property and casualty insurance and life insurance, and selling annuities through its insurance company subsidiaries. Headquartered in Cedar Rapids, Iowa, UFG is licensed as a property and casualty insurer in 46 states, plus the District of Columbia, and is represented by approximately 1,200 independent agencies. A.M. Best Company assigns a rating of "A" (Excellent) for the members of UFG. United Life Insurance Company is licensed in 37 states and represented by approximately 1,400 independent life agencies. In addition to its Cedar Rapids office, UFG also operates regional offices in Colorado, Texas, New Jersey and California. For more information, visit http://www.ufginsurance.com.


News Article | May 4, 2017
Site: www.prweb.com

For the fourth consecutive year, United Fire Group, Inc. (“UFG”) (Nasdaq: UFCS) has been named to Forbes’ ® “America’s 50 Most Trustworthy Financial Companies.” UFG, a publicly-traded insurance company, offers business insurance, individual insurance, life insurance, annuities and surety bonds. The list is developed for Forbes by MSCI ESG Research. The research firm conducts an independent survey and assessment that measures the accounting and governance behaviors of publicly-traded North American companies with market caps of $250 million or greater, for the four quarters ended September 30, 2016. The financial companies are assessed on the following factors: high-risk events, revenue and expense recognition methods, SEC actions and bankruptcy risk. “We’re committed to transparent and accurate financial reporting,” said Randy Ramlo, president and chief executive officer. “To be honored four consecutive years for our financial credibility is very rewarding, and it serves as a reflection of our core values.” This year, Forbes highlighted 10 companies that have the honor of making the list for several consecutive years – displaying consistent trustworthiness. UFG is represented within the distinctive list. For more information about UFG, visit http://www.ufginsurance.com. Founded in 1946 as United Fire & Casualty Company, UFG is engaged in the business of writing property and casualty insurance and life insurance, and selling annuities through its insurance company subsidiaries. Headquartered in Cedar Rapids, Iowa, UFG is licensed as a property and casualty insurer in 46 states, plus the District of Columbia, and is represented by approximately 1,200 independent agencies. A.M. Best Company assigns a rating of "A" (Excellent) for the members of United Fire & Casualty Group. Our subsidiary, United Life Insurance Company, is licensed in 37 states and represented by approximately 1,400 independent life agencies and rated “A-“ (Excellent) by A.M. Best Company. In addition to its Cedar Rapids office, UFG also operates regional offices in Colorado, Texas, New Jersey and California. For more information, visit http://www.ufginsurance.com.


News Article | November 18, 2016
Site: www.realwire.com

Global cloud HR and people management software company, Fairsail, has been ranked as one of the UK’s fastest growing technology companies in the Deloitte 2016 UK Technology Fast 50 for the third consecutive year. Fairsail placed 13th in the 19th year of the prestigious technology listing, moving up from last year’s 15th position and ranking 2nd in the South East region. “When joining Fairsail I wanted to achieve two things: firstly, to disrupt HR as we know it by offering HR and people solutions that would enable mid-market businesses all over the world to become People Companies. Secondly, I wanted to create a business that was built upon customer success; working with some of the best brands to help them get the best out of their people. Fairsail is firmly on this path and Deloitte’s recognition is testament to our team and customers globally.” Celebrating technology innovation and entrepreneurship, the awards rank the UK’s 50 fastest growing technology companies based on their revenue growth over the last four years. Fairsail secured its placement after growing 1277% over the last four years and increasing its headcount from 8 in 2012, to its current tally of over 110. It marks the end of an astonishing year for the company with major highlights including the expansion of a strategic partnership with Sage, as well as a £10m investment from the technology giant. The company also expanded internationally, opening its third US office in Chicago, IL. Fairsail’s inclusion in the Deloitte UK Tech Fast 50 is the company’s latest accolade in a year which also saw the company win the first prize at Clearwater International’s Cloudex Awards, place 21st in The Sunday Times Tech Track and take home ‘Scale Up of the Year’ title at the WCIT Enterprise Awards. The company was also this week announced as the fastest growing company in the UK’s “Silicon Valley” and winner of Cloud Innovation Provider of the Year at the UK IT Industry Awards. Hale continued: “As a collective, the Fairsail team works very hard to ensure we’re providing outstanding workforce visibility for our customers, and we’re seeing that dedication and passion pay off both in bottom line terms, and also through the increasing industry recognition we’re receiving year-on-year.” Fairsail is joined on The Deloitte 2016 UK Technology Fast 50 list by its customer, Skyscanner, the global travel search site. “The UK Tech Fast 50 listing is a credit to our team, but also a tribute to our fantastic customers,” concluded Hale. “On behalf of our team, I’d like to congratulate the other 49 companies that feature on this year’s list.” About Fairsail Fairsail enables mid-size, multinational companies to manage modern workforces through its global cloud HRMS, transforming how organisations acquire, engage, manage and develop their people. Implemented quickly and simple to use, the award-winning system increases workforce visibility, HR productivity and provides better experiences across the entire workforce. Fairsail’s customer portfolio includes AVEVA, Innocent Drinks, Huddle, Mitsubishi UFG, PaddyPower Betfair, Sage, SDL, Skyscanner, and SolarWinds. Additional Resources Learn more about Fairsail on the website. Follow Fairsail on Twitter and the Fairsail Blog.


News Article | February 16, 2017
Site: globenewswire.com

United Fire Group, Inc. (the “Company” or "UFG") (Nasdaq: UFCS) today reported consolidated net income, including net realized investment gains and losses, of $12.0 million ($0.46 per diluted share) for the three-month period ended December 31, 2016 (the "fourth quarter"), compared to consolidated net income of $30.9 million ($1.21 per diluted share) for the same period in 2015. For the year ended December 31, 2016 (the "full year"), consolidated net income, including investment gains and losses, was $49.9 million ($1.93 per diluted share) compared to $89.1 million ($3.53 per diluted share) for the same period in 2015. The Company reported consolidated operating income(1) of $0.46 per diluted share for fourth quarter 2016 compared to consolidated operating income of $1.21 per diluted share for the same period in 2015. For the year ended December 31, 2016, the Company reported consolidated operating income of $1.78 per diluted share compared to consolidated operating income of $3.46 per diluted share for 2015. (1) Per share amounts are after tax. (2) Operating income (loss) is a commonly used non-GAAP financial measure of net income (loss) excluding realized investment gains and losses and related federal income taxes. Management evaluates this measure and ratios derived from this measure and the Company provides this information to investors because we believe it better represents the normal, ongoing performance of our business. See Definitions of Non-GAAP Information and Reconciliations to Comparable GAAP Measures for a reconciliation of operating income to net income. (3) Return on equity is calculated by dividing annualized net income by average year-to-date equity. "In 2016, for the first time in our Company's history, we earned over $1.0 billion in net premiums for the full year with consolidated net premiums earned increasing 7.8 percent and 9.9 percent, respectively, in the fourth quarter and full year 2016 as compared to the same periods of 2015," stated Randy A. Ramlo, President and Chief Executive Officer. "However, looking ahead to 2017 and where we are in the current softening market cycle, our expectation is that the pace of our premium growth will slow moderately compared to the level of growth we have experienced over the last 3 years." "Fourth quarter and full-year 2016 were impacted by an increase in catastrophe losses, as compared to the prior year periods, which had losses below our historical averages, and a deterioration in our core loss ratio, which a portion of this deterioration was driven by an increase in large losses, which we define as losses greater than $500 thousand. The increase in large losses was primarily in our commercial auto and commercial property lines," stated Ramlo. "In 2017, we will be focusing our efforts to improve profitability in these lines of business. As a result, we are taking the following actions: pricing increases, stricter underwriting guidelines, new analytical tools and more rigorous loss control requirements. For commercial auto, these loss control requirements include enforcement of vehicle use policies, required driver training, and vehicle maintenance programs. For commercial property, these loss control requirements include more emphasis on electrical, HVAC, and other systems, especially focusing on updates to these systems in older buildings and buildings in unprotected areas." The Company recognized consolidated net realized investment losses of $0.1 million during the fourth quarter and gains of $6.1 million for the full year 2016, compared to net realized investment gains of $0.2 million and $2.8 million, respectively, for the fourth quarter and full year 2015. Consolidated net investment income was $33.4 million for the fourth quarter 2016 and $106.8 million for the full year 2016 with increases of 25.7 percent for the quarter and 6.0 percent for the full year, compared to net investment income of $26.6 million and $100.8 million, respectively, for the fourth quarter and full year 2015. The increases are primarily driven by a $7.1 million and $7.5 million, respectively, increase, compared to the same periods in 2015, in the value of our investments in limited liability partnerships, specifically related to financial institutions, and not due to a change in investment philosophy. The valuation of these investments in limited liability partnerships varies from period to period due to current equity market conditions. Consolidated net unrealized investment gains, net of tax, totaled $133.9 million as of December 31, 2016, an increase of $5.5 million or 4.3 percent, compared to December 31, 2015, due primarily to an increase in the fair value of our equity investment portfolio, partially offset by a decrease in the fair value of our fixed maturity investment portfolio as a result of an increase in interest rates. Total consolidated assets as of December 31, 2016 were $4.1 billion, which included $3.3 billion of invested assets. The Company's book value was $37.04 per share, which is an increase of $2.10 per share or 6.0 percent from December 31, 2015. The increase is primarily attributed to full year net income of $49.9 million, the change in benefits and the valuation of our post retirement benefit obligations of $23.1 million and an increase in net unrealized investment gains of $5.5 million, net of tax, all offset by, the payment of stockholder dividends of $24.6 million. Net income for the property and casualty insurance segment, including net realized investment gains and losses, totaled $12.0 million ($0.46 per diluted share) for the fourth quarter, compared to net income of $30.9 million ($1.21 per diluted share) for the fourth quarter of 2015. For the full year, net income totaled $49.1 million ($1.90 per diluted share), compared to net income of $85.3 million ($3.38 per diluted share) for the full year 2015. Net premiums earned increased 9.3 percent to $244.2 million for the fourth quarter, compared to $223.3 million in the fourth quarter 2015. For the full year, net premiums earned increased 9.9 percent to $936.1 million, compared to $851.7 million in 2015, primarily due to organic growth and geographical expansion. The average renewal pricing change for commercial lines was flat to the very low-single digits. Current rate increases continue to meet loss cost trends for commercial auto and property, but are not meeting loss cost trends for other casualty lines of business and workers compensation. We currently believe that loss costs trends are approximately 3.0 percent. Personal lines renewal pricing was consistent with the past few quarters, with average percentage increases in the low-single digits. Catastrophe losses totaled $8.8 million ($0.22 per share after tax) and $61.2 million ($1.54 per share after tax) for the three- and twelve-month periods ended December 31, 2016, respectively, compared to $5.0 million ($0.13 per share after tax) and $32.3 million ($0.83 per share after tax) for the same periods in 2015. "Catastrophe losses for the fourth quarter and the full year were within our expectations," stated Ramlo."For the fourth quarter and full year, catastrophe losses added 3.6 percentage points and 6.5 percentage points, respectively, to the combined ratio. These results are slightly lower than our 10-year historical average catastrophe load for the fourth quarter and full year at 6.0 percentage points and 6.7 percentage points, respectively." The property and casualty insurance segment experienced $4.2 million and $31.2 million of favorable reserve development in our net reserves for prior accident years during the three- and twelve-month periods ended December 31, 2016, respectively, compared to $16.3 million and $40.4 million of favorable reserve development in the same periods of 2015. The decrease in favorable development in 2016 as compared to 2015 was primarily driven by reserve strengthening in commercial automobile and commercial property lines of business. Development amounts can vary significantly from quarter to quarter and year to year depending on a number of factors, including the number of claims settled and the settlement terms. At December 31, 2016, our total reserves were within our actuarial estimates. The GAAP combined ratio increased 15.8 percentage points to 102.6 percent for the fourth quarter 2016, compared to 86.8 percent for the fourth quarter of 2015. For the year ended December 31, 2016, the combined ratio increased by 8.3 percentage points to 100.3 percent as compared to 92.0 percent for the same period of 2015. The deterioration in our combined ratio in the fourth quarter and full year 2016 was primarily due to an increase in catastrophe losses and large losses primarily in our commercial automobile and commercial property lines of business. The expense ratio for the fourth quarter was 30.2 percentage points, compared to 33.1 percentage points for the fourth quarter of 2015. For the full year, the expense ratio decreased to 30.6 percentage points, compared to 31.0 percentage points for 2015. "We are pleased with the progress that we made in lowering our expense ratio to near 30.0 percentage points," commented Ramlo. "For the last three quarters, we have maintained an expense ratio of 30.3 percentage points or below." Net income (loss) for the life insurance segment totaled $(40.0) thousand ($0.00 per share) and $0.8 million ($0.03 per share) in the three- and twelve-month periods ended December 31, 2016, respectively, compared to $(5.0) thousand ($0.00 per share) and $3.8 million ($0.15 per share), respectively, for the same periods of 2015. "2016 was a challenging year for our life segment," stated Ramlo. "Our focus for 2017 is to improve profitability in the life segment. As we mentioned last quarter, we have executed our strategy of repricing our traditional life products and restructured our commission schedule effective January 1, 2017. Also, we continue to look at our product mix and are exploring opportunities to expand our product offerings in the states we currently write business. We believe these strategies along with looking for efficiencies to reduce expenses will improve the profitability of the life segment." Net premiums earned decreased 5.4 percent and increased 10.2 percent in the three- and twelve-month periods ended December 31, 2016, respectively, compared to the same periods of 2015. The increase in the twelve-month period ended December 31, 2016 is primarily due to an increase in the sale of single premium whole life policies. Net investment income decreased 3.4 percent and 5.0 percent for the three- and twelve-month periods ended December 31, 2016, respectively, compared to the same periods of 2015. The decreases were due to a lower asset base due to net cash outflows for deferred annuities and due to a decrease in reinvestment interest rates. Loss and loss settlement expenses increased slightly in the three-month period ended December 31, 2016 and increased $2.4 million for the twelve-month period ended December 31, 2016, compared to the same periods of 2015. Fluctuations in the timing of death benefits occur from quarter-to-quarter and year-to-year. The increase in liability for future policy benefits decreased $1.1 million and increased $9.0 million for the three- and twelve-month periods ended December 31, 2016, respectively, compared to the same periods of 2015 due to the change in sales of single premium whole life insurance products. Deferred annuity deposits decreased 25.4 percent and 24.5 percent in the three- and twelve-month periods ended December 31, 2016, respectively, compared with the same periods of 2015, due to the gradual lowering of our credited rate offered on our deferred annuity products during the low interest rate environment. Net cash outflow related to the Company's annuity business was $20.3 million in the fourth quarter and $83.7 million for the full year, compared to net cash outflows of $23.2 million and $129.7 million, respectively, in the same periods of 2015. This result is attributed to the activity described in the preceding paragraphs of the life segment discussion. During the fourth quarter, we declared and paid a $0.25 per share cash dividend to stockholders of record on December 1, 2016. We have paid a quarterly dividend every quarter since March 1968. Under our share repurchase program, we may purchase United Fire common stock from time to time on the open market or through privately negotiated transactions. The amount and timing of any purchases will be at management's discretion and will depend upon a number of factors, including the share price, general economic and market conditions, and corporate and regulatory requirements. We are authorized by the Board of Directors to purchase an additional 2,938,471 shares of common stock under our share repurchase program, which expires in August 2018. During the fourth quarter, we repurchased 22,923 shares of our common stock for $0.9 million, at an average cost of $38.32 per share. In the year ended December 31, 2016, we purchased 90,415 shares of our common stock for $3.7 million, at an average cost of $41.43 per share. An earnings call will be held at 9:00 a.m. Central Time on February 16, 2017 to allow securities analysts, shareholders and other interested parties the opportunity to hear management discuss the Company's fourth quarter and year ended December 31, 2016 results. Teleconference: Dial-in information for the call is toll-free 1-844-492-3723. The event will be archived and available for digital replay through March 2, 2017. The replay access information is toll-free 1-877-344-7529; conference ID no. 10099699. Webcast: An audio webcast of the teleconference can be accessed at the Company's investor relations page at http://ir.unitedfiregroup.com/event or http://services.choruscall.com/links/ufcs170216. The archived audio webcast will be available until March 2, 2017. Transcript: A transcript of the teleconference will be available on the Company's website soon after the completion of the teleconference. Founded in 1946 as United Fire & Casualty Company, United Fire Group, Inc., through its insurance company subsidiaries, is engaged in the business of writing property and casualty insurance and life insurance and selling annuities. 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 1,200 independent agencies. A.M. Best Company assigns a rating of “A” (Excellent) for the members of United Fire & Casualty Group. Our subsidiary, United Life Insurance Company, is licensed in 37 states, represented by approximately 1,350 independent life agencies and rated "A-" (Excellent) by A.M. Best Company. This release may contain forward-looking statements about our operations, anticipated performance and other similar matters. The Private Securities Litigation Reform Act of 1995 provides a safe harbor under the Securities Act of 1933 and the Securities Exchange Act of 1934 for forward-looking statements. The forward-looking statements are not historical facts and involve risks and uncertainties that could cause actual results to differ from those expected and/or projected. Such forward-looking statements are based on current expectations, estimates, forecasts and projections about our company, the industry in which we operate, and beliefs and assumptions made by management. Words such as "expect(s)," "anticipate(s)," "intends(s)," "plan(s)," "believe(s)" "continue(s)," "seek(s)," "estimate(s)," "goal(s)," "remain optimistic," "target(s)," "forecast(s)," "project(s)," "predict(s)," "should," "could," "may," "will," "might," "hope," "can" and other words and terms of similar meaning or expression in connection with a discussion of future operations, financial performance or financial condition, are intended to identify forward-looking statements. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed in such forward-looking statements. Information concerning factors that could cause actual outcomes and results to differ materially from those expressed in the forward-looking statements is contained in Part I, Item 1A "Risk Factors" of our Annual Report on Form 10-K for the year ended December 31, 2015, filed with the Securities and Exchange Commission ("SEC") on February 26, 2016. The risks identified in our Form 10-K are representative of the risks, uncertainties, and assumptions that could cause actual outcomes and results to differ materially from what is expressed in the forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release or as of the date they are made. Except as required under the federal securities laws and the rules and regulations of the SEC, we do not have any intention or obligation to update publicly any forward-looking statements, whether as a result of new information, future events, or otherwise. Definitions of Non-GAAP Information and Reconciliations to Comparable GAAP Measures The Company prepares its public financial statements in conformity with accounting principles generally accepted in the United States of America ("GAAP"). Management also uses certain non-GAAP measures to evaluate its operations and profitability. As further explained below, management believes that disclosure of certain non-GAAP financial measures enhances investor understanding of our financial performance. Non-GAAP financial measures disclosed in this report include: operating income and net premiums written. The Company has provided the following definitions and reconciliations of the non-GAAP financial measures: Operating income: Operating income is calculated by excluding net realized investment gains and losses after applicable federal and state income taxes from net income. Management believes operating income is a meaningful measure for evaluating insurance company performance. Investors and equity analysts who invest and report on the insurance industry and the Company generally focus on this metric in their analyses because it represents the results of the Company's normal, ongoing performance. The Company recognizes that operating income is not a substitute for measuring GAAP net income, but believes it is a useful supplement to GAAP information. Net premiums written: While not a substitute for any GAAP measure of performance, net premiums written is frequently used by industry analysts and other recognized reporting sources to facilitate comparisons of the performance of insurance companies. Net premiums written are the amount charged for insurance policy contracts issued and recognized on an annualized basis at the effective date of the policy. Management believes net premiums written are a meaningful measure for evaluating insurance company sales performance and geographical expansion efforts. Net premiums written for an insurance company consists of direct premiums written and reinsurance assumed, less reinsurance ceded. Net earned premium is calculated on a pro rata basis over the terms of the respective policies. Unearned premium reserves are established for the portion of premium written applicable to the unexpired term of insurance policy in force. The difference between net earned premium and net premiums written is the change in unearned premiums and change in prepaid reinsurance premiums. (1) Operating income is an non-GAAP financial measure of net income. See Definitions of Non-GAAP Information and Reconciliations to Comparable GAAP Measures for a reconciliation of operating income to net income. (1) Net premiums written is a non-GAAP financial measure of net premiums earned. See Definitions of Non-GAAP Information and Reconciliations to Comparable GAAP Measures for a reconciliation of net premiums written to net earned premiums. (1) Net premiums written is a non-GAAP financial measure of net premiums earned. See Definitions of Non-GAAP Information and Reconciliations to Comparable GAAP Measures for a reconciliation of net premiums written to net earned premiums. (2) Commercial lines “Other liability” is business insurance covering bodily injury and property damage arising from general business operations, accidents on the insured’s premises and products manufactured or sold. (3) Commercial lines “Fire and allied lines” includes fire, allied lines, commercial multiple peril and inland marine. (4) Personal lines “Fire and allied lines” includes fire, allied lines, homeowners and inland marine.


SAN FRANCISCO at Dreamforce ’16 and CHICAGO at the 19th Annual HR Tech Conference (October 5, 2016) – Fairsail, global provider of award-winning cloud HRIS for the mid-market, today announced new features enabling businesses to deliver even better workforce experiences. These include new ways to improve employee health and wellbeing through an integration with the corporate wellness platform from Fitbliss, and the ability to collect meaningful employee feedback through pulse surveys. This helps organizations create a more engaging and transparent workforce experience. Improving employee satisfaction does not necessarily increase engagement or performance. Recognizing the opportunity to fill this gap, Fairsail added these new capabilities to its existing workforce experience management functionality, improving how companies drive engagement, increase productivity and improve retention. Through these latest innovations, Fairsail emerges as a clear leader in workforce experience management. “Fairsail is committed to introducing innovation that enables companies to create positive and rewarding work environments where people can do their best work in the growing digital economy. Key to fulfilling this is understanding what employees want from their employers, while helping companies deliver on these imperatives,” said Adam Hale, CEO of Fairsail. “Helping employees stay healthy and improve work-life balance, while gathering feedback on the issues most important to them, adds to Fairsail’s unique ability to deliver great workforce experiences, promote wellness and create work environments in which people are more fully engaged.” Improving Health and Wellness A challenging aspect of managing modern worklife lies in managing personal health and corporate wellness. Some 80 percent of Americans work in jobs that require little to no physical activity, while a similar percentage find their jobs stressful. Helping people improve their health and lifestyles has significant benefits, with 70 percent fewer sick days reported for employees participating in wellness programs than those who opted out. Minimizing stress and sickness, reducing absenteeism and healthcare costs, and creating a sense of wellbeing can improve productivity throughout the business. To deliver on this need, Fairsail has integrated its cloud-based human resource information system (HRIS) with the FitBliss corporate wellness platform to facilitate how companies build healthy and productive workforces. "FitBliss believes an investment in wellness is an investment in culture, wellbeing and the overall employee experience. We are excited to bring wellness to the forefront of HCM alongside our partnership with Fairsail,” said Navid Rastegar, FitBliss founder and CEO. “Together, our global clients can now access our integrated corporate wellness platform, which supports over 80 fitness apps and wearables, and engage employees in a simple, interactive and millennialized experience." Through FitBliss, Fairsail helps its clients provide their teams with new and engaging ways to drive participation in wellness programs. For instance, employees can connect with colleagues based on similar interests in sports or other activities to improve health, wellness and productivity, while building internal connections. The result is an improved work/life balance that can lead to reduced personal and family insurance premiums and healthcare costs. At the same time, as benefit providers now monitor lifestyles of people being insured, this functionality helps companies document their wellness initiatives, driving down associated costs. Understanding Employees The other major development from Fairsail involves facilitating how companies collect and measure the feedback and opinions of their teams. Given the importance of understanding employee thoughts and feelings, and how they drive emotions, behaviors, activities and engagement, Fairsail sought to provide clients with greater insight into the minds of their employees. Fairsail now supports pulse and other types of surveys. By regularly deploying short, fast to complete pulse surveys, organizations can better understand the cause of people problems and improve engagement, productivity and retention more quickly than deploying traditional lengthy employee satisfaction surveys. Businesses are also able to reduce the costs associated with poor productivity, unwanted attrition and the need to backfill key positions. About Fairsail Fairsail enables mid-size, multinational companies to manage modern workforces through its global cloud HRMS, transforming how organizations acquire, engage, manage and develop their people. Implemented quickly and simple to use, the award-winning system increases workforce visibility, HR productivity and provides better experiences across the entire workforce. Fairsail’s customer portfolio includes Aveva, Cobalt International Energy, Huddle, Mitsubishi UFG, Paddy Power Betfair, Sage, SDL, Skyscanner, and SolarWinds. About FitBliss For innovative mid-size global workforces, FitBliss socially connects employees on their health and wellness, gamifying wearable devices and fitness apps, and providing data-driven health education and coaching. With our patented millennialized corporate wellness platform, our clients have reached record high wellness participation, achieved healthiest employer recognitions, and with the FitBlissONE program raised thousands of dollars for their philanthropic initiatives. FitBliss has clients and participants ranging from companies like: J.W. Marriott, MedeAnalytics, RhythmOne, Zendesk, L'Oreal, and Yellow Pages. Additional Resources Learn more about Fairsail on the website. Follow Fairsail on Twitter and the Fairsail Blog. Note to editors: Trademarks and registered trademarks referenced herein remain the property of their respective owners.


News Article | October 28, 2016
Site: www.marketwired.com

WHO: Adam Hale, CEO of Fairsail, global provider of award-winning cloud HRIS for the mid-market WHAT: Will be the featured guest on an upcoming episode of the weekly HRExaminer Radio show with industry expert John Sumser. WHEN: Friday, October 28, 2016 at 10:00 a.m. EDT (9:00 a.m. CDT / 8:00 a.m. MDT / 7:00 a.m. PDT) WHERE: Listen live at: http://www.blogtalkradio.com/hrexaminer/2016/10/28/hrexaminer-radio-adam-hale-ceo-fairsail. A replay using this same link will be available after the show airs. DETAILS: For the first time ever, there are five distinct generations in the job market. Each generation brings their own worldview, life experiences, career vision, skill, strengths, weaknesses and expectations. As a result, companies are navigating previously uncharted territory, challenged to manage the needs, preferences and development opportunities of each generation. During his upcoming appearance on the HRExaminer Radio show, Adam Hale, CEO of Fairsail, will join host John Sumser to examine new research on today's complex HR landscape and how employers can best manage a multi-generational -- and oftentimes multi-national -- workforce. In their discussion, Hale and Sumser will consider the most pressing challenges associated with today's workforce as well as ways to bridge any gaps. Citing Fairsail's new 17 to 70 report, Hale will explain why the more complex the workforce, the more employers need to establish visibility and share actionable insights about working with a multi-generational workforce on a daily basis. Human resource professionals and business managers interested in learning how multi-national employers can harness the full potential of multi-generational teams to enable their workforce to thrive are encouraged to tune in. To listen to the episode, please visit: http://www.blogtalkradio.com/hrexaminer/2016/10/28/hrexaminer-radio-adam-hale-ceo-fairsail. Fairsail enables mid-size, multinational companies to manage modern workforces through its global cloud HRMS, transforming how organizations acquire, engage, manage and develop their people. Implemented quickly and simple to use, the award-winning system increases workforce visibility, HR productivity and provides better experiences across the entire workforce. Fairsail's customer portfolio includes Aveva, Cobalt International Energy, Huddle, Mitsubishi UFG, Paddy Power Betfair, Sage, SDL, Skyscanner, and SolarWinds. Learn more about Fairsail on the website. Follow Fairsail on Twitter and the Fairsail Blog.


News Article | October 28, 2016
Site: www.marketwired.com

WHO: Adam Hale, CEO of Fairsail, global provider of award-winning cloud HRIS for the mid-market WHAT: Will be the featured guest on an upcoming episode of the weekly HRExaminer Radio show with industry expert John Sumser. WHEN: Friday, October 28, 2016 at 10:00 a.m. EDT (9:00 a.m. CDT / 8:00 a.m. MDT / 7:00 a.m. PDT) WHERE: Listen live at: http://www.blogtalkradio.com/hrexaminer/2016/10/28/hrexaminer-radio-adam-hale-ceo-fairsail. A replay using this same link will be available after the show airs. DETAILS: For the first time ever, there are five distinct generations in the job market. Each generation brings their own worldview, life experiences, career vision, skill, strengths, weaknesses and expectations. As a result, companies are navigating previously uncharted territory, challenged to manage the needs, preferences and development opportunities of each generation. During his upcoming appearance on the HRExaminer Radio show, Adam Hale, CEO of Fairsail, will join host John Sumser to examine new research on today's complex HR landscape and how employers can best manage a multi-generational -- and oftentimes multi-national -- workforce. In their discussion, Hale and Sumser will consider the most pressing challenges associated with today's workforce as well as ways to bridge any gaps. Citing Fairsail's new 17 to 70 report, Hale will explain why the more complex the workforce, the more employers need to establish visibility and share actionable insights about working with a multi-generational workforce on a daily basis. Human resource professionals and business managers interested in learning how multi-national employers can harness the full potential of multi-generational teams to enable their workforce to thrive are encouraged to tune in. To listen to the episode, please visit: http://www.blogtalkradio.com/hrexaminer/2016/10/28/hrexaminer-radio-adam-hale-ceo-fairsail. Fairsail enables mid-size, multinational companies to manage modern workforces through its global cloud HRMS, transforming how organizations acquire, engage, manage and develop their people. Implemented quickly and simple to use, the award-winning system increases workforce visibility, HR productivity and provides better experiences across the entire workforce. Fairsail's customer portfolio includes Aveva, Cobalt International Energy, Huddle, Mitsubishi UFG, Paddy Power Betfair, Sage, SDL, Skyscanner, and SolarWinds. Learn more about Fairsail on the website. Follow Fairsail on Twitter and the Fairsail Blog.


DENVER--(BUSINESS WIRE)--Valen Analytics®, a provider of proprietary data, analytics and predictive modeling for P/C insurers, today announces a new customer engagement with United Fire Group, Inc., (UFG) a property and casualty and life insurance carrier headquartered in Cedar Rapids, Iowa. UFG’s property and casualty segment is licensed in 46 states and represented by 1,200 different independent agencies. UFG will implement the Predict application of Valen’s InsureRight® Platform to give their underwriters increased visibility into risk selection and pricing for commercial auto policies in order to protect their business from adverse selection, improve profitability and loss ratio performance. “UFG is committed to helping identify the best tools for our underwriters to price risk, and Valen has proven to be exceptional at working with underwriters to enhance their experience using modeling,” said Mike Wilkins, Executive Vice President and COO at UFG. “We chose Valen’s solution because it provided the advanced ability to accurately segment customers and potential customers based on loss propensity as well as their reputation of working closely with clients to customize the best implementation plan for the organization.” Valen’s custom predictive models are hosted on the InsureRight Platform and integrate directly into the underwriter’s workflow, allowing for real-time decision support. This helps predict risk characteristics of an account reliably in order to drive the best business. UFG can now segment customers into appropriate risk buckets with a wide range of data that combines underwriting experience with predictive modeling. “There are profitable risks to be found in every vehicle class, even higher risk accounts, as long as they are priced appropriately,” said Dax Craig, CEO of Valen. “Through our partnership with UFG, we will combine their underwriting expertise with the advanced analytics of Valen’s platform to help identify these risks and price them in a way that maximizes business value and promotes overall growth.” More information about the InsureRight Platform can be found online at www.valen.com. Valen Analytics is a provider of proprietary data, analytics and predictive modeling for property and casualty insurers. We work with insurers who are actively looking to utilize modern approaches to pricing, risk selection, claims triage, and premium fraud. Our customers are focused on increasing competitive pressures, fighting adverse selection with innovative solutions, and raising awareness for the impending “experience gap” with initiatives such as Insurance Careers Movement. Our customers span many lines of business including Homeowners, Personal Auto, Workers’ Compensation, Commercial Auto, Commercial Package, Commercial Property, and BOP. Learn more about Valen at www.valen.com. Founded in 1946 as United Fire & Casualty Company, UFG (Nasdaq: UFCS) is engaged in the business of writing property and casualty insurance and life insurance, and selling annuities through its insurance company subsidiaries. Headquartered in Cedar Rapids, Iowa, UFG is licensed as a property and casualty insurer in 46 states, plus the District of Columbia, and is represented by approximately 1,200 independent agencies. A.M. Best Company assigns a rating of "A" (Excellent) for the members of United Fire & Casualty Group. United Life Insurance Company is licensed in 37 states and represented by approximately 1,350 independent life agencies and rated “A-“ (Excellent) by A.M Best Company. In addition to its Cedar Rapids office, UFG also operates regional offices in Colorado, Texas, New Jersey and California. For more information, visit https://www.ufginsurance.com/


CEDAR RAPIDS, Iowa, Feb. 17, 2017 (GLOBE NEWSWIRE) -- Today, the Board of Directors of United Fire Group, Inc. ("UFG" or the "Company")  (Nasdaq:UFCS) declared a common stock quarterly cash dividend of $0.25 per share. This dividend will be payable March 15, 2017, to shareholders of record as of March 1, 2017. 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 and life insurance and selling annuities. 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 1,200 independent agencies. A.M. Best Company assigns a rating of “A” (Excellent) for the members of United Fire & Casualty Group. Our subsidiary, United Life Insurance Company, is licensed in 37 states, represented by approximately 1,350 independent life agencies and rated "A-" (Excellent) by A.M. Best Company. For more information about UFG, visit www.ufginsurance.com or contact:


News Article | October 29, 2016
Site: www.prweb.com

United Fire Group (UFG) announces its entry into the Kentucky insurance market, aligning with the establishment of insurance product offerings in 32 other states. UFG provides property and casualty, and life insurance product to its Kentucky policyholders via a network of independent agents. “We’re a growing, national carrier, but provide the personalized service you’d expect from a regional carrier,” said Brian Berta, vice president and Great Lakes division manager. “We’re pleased to provide a broad range of products that can be tailored to specific needs. Underwriting and claims decisions are made at the local level by people who understand the Kentucky area, markets and demographics.” According to Berta, the business strategy to enter Kentucky aligns well with UFG’s product offerings in established bordering states. “Expanding into Kentucky is a natural fit in terms of our business relationships and product lines, and allows us to serve our policyholders who encounter multi-state risk,” said Berta. UFG’s announcement to enter Kentucky comes as Forbes releases its list of the country’s 50 Most Trustworthy Financial Companies. UFG has been named to the list for the third year in a row. 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 and life insurance, and selling annuities. 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 1,200 independent agencies. The United Fire pooled group is rated "A" (Excellent) by A.M. Best Company. Our subsidiary, United Life Insurance Company, is licensed in 37 states and represented by approximately 1,300 independent life agencies. For more information about UFG, visit http://www.ufginsurance.com.

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