United Fire & Indemnity Co
Major Rating Factors:
Good long-term capitalization index (6.6 on a scale of 0 to 10) based on excellent current risk adjusted capital (severe loss scenarios) reflecting improvement over results in 2023. History of adequate reserve strength (5.3) as reserves have been consistently at an acceptable level. Good overall profitability index (6.4) despite operating losses during 2023.
Other Rating Factors:
Good liquidity (6.7) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Good overall results on stability tests (6.3) despite. Stability strengths include excellent operational trends, good risk adjusted capital for prior years and excellent risk diversification.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
Principal Lines of Business:
Comm multi (33.1%), personal/comm auto (28.8%), work comp (4.1%), fin guar/surety (2.9%), product liab. (2.2%), fire (1.2%), homeowners (0.7%), other (27.0%)
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 (97.0%), cash (2.3%), other (0.7%)
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