United Fire & Indemnity Co
Major Rating Factors:
Good long-term capitalization index (6.3 on a scale of 0 to 10) based on good current risk adjusted capital (severe loss scenarios), although results have slipped from the excellent range over the last two years. History of adequate reserve strength (5.3) as reserves have been consistently at an acceptable level. Good overall results on stability tests (6.1) despite. Stability strengths include excellent operational trends, good risk adjusted capital for prior years and excellent risk diversification.
Other Rating Factors:
Fair profitability index (4.8) with operating losses during 2020 and 2023. Return on equity has been low, averaging 1.8% over the past five years. Excellent liquidity (7.4) with ample operational cash flow and liquid investments.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
D - Limited diversification of general business, policy, and/or investment risk.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (27.1%), product liab. (6.8%), fire (5.9%), comm multi (4.7%), work comp (3.7%), fin guar/surety (2.7%), homeowners (0.7%), other (48.5%)
Licensed in:
AL, AR, AZ, CO, FL, GA, IL, IN, KS, KY, LA, MO, MS, NM, OH, OK, TN, TX, WI
Principal Investments:
Investment grade bonds (94.5%), cash (4.1%), other (1.3%)
Corporate Info
Group Affiliation
United Fire Group Inc
Investment Rating
Company Address
118 Second Avenue, SE
Cedar Rapids, IA 52401
Cedar Rapids, IA 52401
Phone Number
(319) 399-5700
NAIC Number
19496
Website
Largest Affiliates