 CEDAR RAPIDS, Iowa, Oct. 29, 2020 GLOBE NEWSWIRE -- United Fire Group, Inc. the Company or UFG Nasdaq: UFCS announced today that the third quarter 2020 results include pre-tax catastrophe losses of 55.4 million. Catastrophe losses for the third quarter added 21.4 percentage points to the GAAP combined ratio. Our 10-year historical average for the third quarter is 8.9 percentage points of the GAAP combined ratio. The higher than average catastrophe losses in the third quarter of 2020 are primarily the result of 25 catastrophe events, with the most notable catastrophe event being the August Midwest derecho, causing widespread storms and high winds. The August Midwest derecho was a full retention loss, with losses in excess of our stated reinsurance retention of 20.0 million. Total losses from this event are estimated at 88.0 million with 68.0 million of reinsurance recoveries. 