UFG Specialty Ins Co
Major Rating Factors:
Fair profitability index (4.8 on a scale of 0 to 10) with operating losses during 2023. Return on equity has been low, averaging 2.8% over the past five years. Fair overall results on stability tests (4.6) including. Fair reserve development (5.0) as reserves have generally been sufficient to cover claims.
Other Rating Factors:
Strong long-term capitalization index (7.1) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting improvement over results in 2023. Superior liquidity (10.0) with ample operational cash flow and liquid investments.
Stability Factors:
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 (22.3%), product liab. (6.8%), comm multi (5.9%), work comp (5.3%), fin guar/surety (4.5%), fire (3.8%), homeowners (1.2%), other (50.1%)
Licensed in:
AL, AR, AZ, CA, CO, IA, IN, KS, KY, LA, MO, MS, MT, NM, OH, OK, TN, TX, UT, WA
Principal Investments:
Investment grade bonds (93.0%), cash (4.5%), other (2.5%)
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
19526
Website
Largest Affiliates