UNITED FIRE GROUP INC

Ticker: UFCS CUSIP: 910340108 Class: Common Stock

Graham Capital Management, L.P.'s Holding History (CIK: 0001315421)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 6,286 Value ($000) $228 Avg Close $34.19 Range $29.74 - $37.91

Q3 2025

Shares 9,494 Value ($000) $289 Avg Close $29.46 Range $25.79 - $32.58

Q2 2025

Shares 11,736 Value ($000) $337 Avg Close $27.96 Range $25.01 - $29.92

Q1 2025

Shares 14,805 Value ($000) $436 Avg Close $27.02 Range $24.11 - $29.89

Q4 2024

Shares 11,330 Value ($000) $322 Avg Close $25.21 Range $19.19 - $31.70

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	6,286	$228	$34.19	$29.74 - $37.91
Q3 2025	9,494	$289	$29.46	$25.79 - $32.58
Q2 2025	11,736	$337	$27.96	$25.01 - $29.92
Q1 2025	14,805	$436	$27.02	$24.11 - $29.89
Q4 2024	11,330	$322	$25.21	$19.19 - $31.70