CEDAR RAPIDS, Iowa, Aug. 09, 2016 (GLOBE NEWSWIRE) -- For the third 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 nearly 700 publicly-traded North American companies with market caps of $250 million or greater, for the year ending December 2015. The financial companies are assessed on the following factors: high-risk events, revenue and expense recognition methods, SEC actions and bankruptcy risk.
"To be named to Forbes’ list for three consecutive years is rewarding, as it measures a company’s financial credibility," stated Randy Ramlo, president and chief executive officer. "It reinforces our daily commitment to transparent, accurate financial reporting and company core values.”
For more information about UFG, visit our website at www.ufgins.com.
About United Fire Group, Inc.
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 the United Fire & Casualty Group.
Our subsidiary, United Life Insurance Company, is licensed in 37 states, represented by approximately 1,300 independent life agencies and rated “A-“(Excellent) by A.M Best Company.
For more information about UFG, visit www.ufgins.com.
Contact: Colleen Scholer Corporate Communications Manager 319-399-5622 (w), 319-981-0600 (c) firstname.lastname@example.org
Source:United Fire Group, Inc.