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Schedule II. Condensed Financial Statements of Parent Company
 12 Months Ended
Dec. 31, 2021
Condensed Financial Information Disclosure [Abstract]  
Schedule II. Condensed Financial Statements of Parent Company
Schedule II. Condensed Financial Statements of Parent Company

United Fire Group, Inc. (parent company only)
Condensed Balance Sheets
December 31,
(In thousands, except share data)20212020
Assets
Fixed maturities
Available-for-sale, at fair value (amortized cost $150 in 2021 and $150 in 2020)
$150 $150 
Investment in subsidiary876,868 818,581 
Cash and cash equivalents2,158 6,504 
Other assets12 15 
Total assets$879,188 $825,250 
Liabilities and stockholders' equity
Liabilities$67 $101 
Stockholders' equity
Common stock, $0.001 par value, authorized 75,000,000 shares 25,082,104 and 25,055,479 issued and outstanding in 2021 and 2020, respectively
$25 $25 
Additional paid-in capital203,375 202,359 
Retained earnings621,384 555,854 
Accumulated other comprehensive income, net of tax54,337 66,911 
Total stockholders' equity$879,121 $825,149 
Total liabilities and stockholders' equity$879,188 $825,250 

This condensed financial information should be read in conjunction with the Consolidated Financial Statements and Notes included in Part II, Item 8 of this Annual Report on Form 10-K.
Schedule II. Condensed Financial Statements of Parent Company (continued)

United Fire Group, Inc. (parent company only)
Condensed Statements of Income and Comprehensive Income

For the Years Ended December 31,
(In thousands)202120202019
Revenues
Investment income$23 $141 $295 
Total revenues23 141 295 
Expenses
Other operating expenses$3 $10 $86 
Total expenses3 10 86 
Income before income taxes and equity in net income of subsidiary20 131 209 
Federal income tax expense (benefit)5 68 44 
Net income before equity in net income (loss) of subsidiary$15 $63 $165 
Equity in net income (loss) of subsidiary80,579 (112,769)14,655 
Net income (loss)$80,594 $(112,706)$14,820 
Other comprehensive income (loss)
Change in unrealized appreciation on investments held by subsidiary$(39,901)$47,054 $70,127 
Change in liability for underfunded employee benefit plans of subsidiary19,633 18,456 (20,924)
Other comprehensive income (loss), before tax and reclassification adjustments$(20,268)$65,510 $49,203 
Income tax effect4,260 (13,757)(10,334)
Other comprehensive income (loss), after tax, before reclassification adjustments$(16,008)$51,753 $38,869 
Reclassification adjustment for net realized gains of the subsidiary included in income(2,256)(1,750)1,521 
Reclassification adjustment for employee benefit costs of the subsidiary included in expense6,603 4,289 4,497 
Total reclassification adjustments, before tax$4,347 $2,539 $6,018 
Income tax effect(913)(534)(1,263)
Total reclassification adjustments, after tax$3,434 $2,005 $4,755 
Comprehensive income (loss)$68,020 $(58,948)$58,444 

United Fire Group, Inc. and its subsidiaries file a consolidated federal income tax return. The federal income tax provision represents an allocation under its tax allocation agreements.

This condensed financial information should be read in conjunction with the Consolidated Financial Statements and Notes included in Part II, Item 8 of this Annual Report on Form 10-K.
Schedule II. Condensed Financial Statements of Parent Company (continued)

United Fire Group, Inc. (parent company only)
Condensed Statements of Cash Flows
For the Years Ended December 31,
(In thousands)202120202019
Cash flows from operating activities
Net income (loss)$80,594 $(112,706)$14,820 
Adjustments to reconcile net income to net cash provided by operating activities
Equity in net income of subsidiary(80,579)112,769 (14,655)
Dividends received from subsidiary10,000 4,000 57,000 
Other, net3,131 3,907 5,512 
Total adjustments$(67,448)$120,676 $47,857 
Net cash provided by operating activities$13,146 $7,970 $62,677 
Cash flows from investing activities
Net cash used in investing activities$— $— $— 
Cash flows from financing activities
Payment of cash dividends$(15,064)$(28,532)$(32,662)
Repurchase of common stock(2,007)(2,741)(11,700)
Issuance of common stock(421)(71)2,377 
Net cash used in financing activities$(17,492)$(31,344)$(41,985)
Net change in cash and cash equivalents$(4,346)$(23,374)$20,692 
Cash and cash equivalents at beginning of period6,504 29,878 9,186 
Cash and cash equivalents at end of year$2,158 $6,504 $29,878 

This condensed financial information should be read in conjunction with the Consolidated Financial Statements and Notes included in Part II, Item 8 of this Annual Report on Form 10-K.