UNITED FIRE GROUP INC

This report 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, as amended (the "Securities Act"), and the Securities Exchange Act of 1934, as amended (the "Exchange Act"), 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 United Fire Group, Inc. ("UFG," the "Registrant," the "Company," "we," "us," or "our"), the industry in which we operate, and beliefs and assumptions made by management. Words such as "expect(s)," "anticipate(s)," "intend(s)," "plan(s)," "believe(s)," "continue(s)," "seek(s)," "estimate(s)," "goal(s)," "remain(s) 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. See Part I, Item 1A "Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2025 and in our other filings with the Securities and Exchange Commission (the "SEC") for more information concerning factors that could cause actual results to differ materially from those in the forward-looking statements.

Risks and uncertainties that may affect the actual financial condition and results of the Company include, but are not limited to, the following:

◦The success of our strategy may be adversely impacted by various internal and external factors;

◦Our core insurance business is dependent on strong and beneficial relationships with a large network of independent insurance agents. A strain in these relationships could result in loss of sufficient business opportunities within our expertise and stated risk appetite;

◦We will be at a competitive disadvantage if, over time, our competitors are more effective in pricing their products, development of new product offering, implementation of technology or data analytics;

◦Our strategy's success could be affected by our timely ability to recognize and adapt to our position in the insurance cycle;

◦Changing weather patterns and climate change add to the unpredictability, frequency and severity of catastrophe losses and may adversely affect the results of our operations, liquidity and financial condition;

◦Our success depends primarily on our ability to underwrite risks effectively and adequately price the risks we insure;

◦We may be unable to predict the rising cost of insurance claims resulting from changing societal expectations that lead to increasing litigation, broader definitions of liability, broader contract interpretations, more plaintiff-friendly legal decisions and larger compensatory jury awards;

◦Our reserves for property and casualty insurance losses and loss settlement expenses are based on estimates and may be inadequate, adversely impacting our financial results;

◦We insure property that is exposed to various natural perils that can give rise to significant claims costs;

◦We are subject to certain risks related to our investment portfolio that could negatively affect our profitability;

◦A downgrade in our financial strength or issuer credit ratings could result in a loss of business and could have a material adverse effect on our financial condition, results of operations and liquidity;

◦We may be unable to secure reinsurance capacity that provides necessary risk protection at a reasonable cost;

◦We may be unable to attract, retain or effectively manage the succession of key personnel;

◦Unauthorized data access, cyber attacks and other security breaches could have an adverse impact on our business and reputation;

◦We are subject to comprehensive laws and regulations, which may have an adverse effect on our financial condition and results of operations;

◦Macroeconomic conditions could materially and adversely affect our business, results of our operations, financial condition, and growth;

◦Our stock price could become more volatile, and your investment could lose value;

◦Efforts to disrupt the structure, management or ownership of the Company could diminish the value of our common stock; and

◦The ability of our subsidiaries to pay dividends may affect our liquidity and ability to meet our obligations.

These are representative of the risks, uncertainties, and assumptions that could cause actual outcomes and results to differ materially from what is expressed in 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 report 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.