CEDAR RAPIDS, Iowa (AP) — CEDAR RAPIDS, Iowa (AP) — United Fire Group Inc. (UFCS) on Tuesday reported net income of $38.4 million in its fourth quarter.

The Cedar Rapids, Iowa-based company said it had profit of $1.45 per share. Earnings, adjusted for investment costs, came to $1.50 per share.

The property and casualty insurance company posted revenue of $365.8 million in the period.

For the year, the company reported profit of $118.2 million, or $4.48 per share. Revenue was reported as $1.39 billion.

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