United Fire & Casualty Co
Major Rating Factors:
Good long-term capitalization index (5.9 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 (5.8) as reserves have been consistently at an acceptable level. Fair profitability index (4.4) with operating losses during 2023. Return on equity has been low, averaging 4.9% over the past five years.
Other Rating Factors:
Excellent liquidity (7.4) with ample operational cash flow and liquid investments. Excellent overall results on stability tests (8.0). Stability strengths include excellent operational trends, good risk adjusted capital for prior years and excellent risk diversification.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (20.8%), product liab. (6.4%), comm multi (5.7%), work comp (4.9%), fin guar/surety (4.6%), fire (3.8%), homeowners (1.1%), other (52.6%)
Licensed in:
All states
Principal Investments:
Investment grade bonds (54.8%), common stock (22.6%), cash (5.5%), real estate (2.4%), non investment grade bonds (0.1%), other (14.6%)
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
13021
Website
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