UFG Specialty Ins Co
Major Rating Factors:
Fair reserve development (5.0 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Good overall profitability index (6.0) despite operating losses during 2023. Fair overall results on stability tests (4.8) including.
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. Good liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
Principal Lines of Business:
Comm multi (31.8%), personal/comm auto (23.9%), work comp (5.9%), fin guar/surety (5.0%), product liab. (1.6%), homeowners (1.2%), fire (0.5%), other (30.0%)
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 (89.2%), cash (3.6%), other (7.2%)
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