UFCS — what changed in the latest 10-Q
A section-by-section comparison of UFCS's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-08-04 vs the prior 10-Q · 2026-05-06
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +16 | −16 | ~47 | 45 |
| Market risk (Item 3) | Text added/removed | 0 | 0 | ~1 | 0 |
| Controls & procedures | Text added/removed | 0 | 0 | ~1 | 2 |
| Legal proceedings | Text added/removed | 0 | 0 | ~1 | 0 |
| Risk factors | No material changes reported (points to the 10-K) | — | — | — | — |
| Other information | Text added/removed | 0 | 0 | ~1 | 0 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-08-04
Net investment income was $56.0 million for the six-month period ended June 30, 2026, an increase of $10.8 million compared to the same period in 2025. The increase was primarily from our fixed income portfolio increase of $8.8 million as a result of portfolio growth and reinvestment at higher yield…
(In thousands, except ratios)Net Earned PremiumNet Losses and Loss Settlement Expenses IncurredNet Loss RatioNet Earned PremiumNet Losses and Loss Settlement Expenses IncurredNet Loss Ratio
(2) Commercial lines "Surety" previously referred to as "Fidelity and surety."
The net loss ratio in our commercial lines of business was 59.5% for the three-month period ended June 30, 2026, compared to 61.9% for the same period in 2025. This result was driven by improvement in the underlying loss ratio and favorable catastrophe experience, partially offset by less favorable …
The net loss ratio improved 7.5 and 2.5 points in the three- and six-month periods ended June 30, 2026, respectively, as compared to the same periods in 2025. The result was driven by a lower catastrophe ratio and improvement in the underlying loss ratio, partially offset by less favorable prior yea…
Text removed vs the prior filing · source: 10-Q · 2026-05-06
Amortization of deferred policy acquisition costs82,041 77,354
Deferred policy acquisition costs asset, beginning of period$158,184 $147,224
Deferred policy acquisition costs asset, end of period$162,728 $151,850
The net loss ratio in our commercial lines of business was 58.7% for the three-month period ended March 31, 2026, compared to 60.7% for the same period in 2025. This result was driven by improvement in the underlying loss ratio and favorable catastrophe experience.
The net loss ratio deteriorated 2.4 points in the three-month period ended March 31, 2026 as compared to the same period in 2025. The result was driven by less favorable prior year development and a higher catastrophe ratio, partially offset by improvement in the underlying loss ratio driven by rate…
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice