United Fire Lloyds
Major Rating Factors:
History of adequate reserve strength (5.4 on a scale of 0 to 10) as reserves have been consistently at an acceptable level. Good overall profitability index (6.3) despite operating losses during 2023. Fair overall results on stability tests (4.6) including.
Other Rating Factors:
Good long-term capitalization index (6.9) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting improvement over results in 2024. Excellent liquidity (7.2) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
Principal Lines of Business:
Comm multi (48.2%), personal/comm auto (26.3%), work comp (2.6%), product liab. (1.8%), fire (0.8%), fin guar/surety (0.6%), homeowners (0.2%), other (19.5%)
Licensed in:
TX
Principal Investments:
Investment grade bonds (93.6%), cash (4.1%), other (2.3%)
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
43559
Website
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