United Fire Lloyds
Major Rating Factors:
Fair profitability index (4.6 on a scale of 0 to 10) with operating losses during 2020 and 2023. Return on equity has been low, averaging 1.0% over the past five years. Fair overall results on stability tests (4.5) including. Good long-term capitalization index (6.5) based on good current risk adjusted capital (severe loss scenarios), although results have slipped from the excellent range over the last two years.
Other Rating Factors:
History of adequate reserve strength (5.4) as reserves have been consistently at an acceptable level. Superior liquidity (9.7) 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 (24.2%), product liab. (8.4%), fire (8.1%), work comp (2.6%), comm multi (2.2%), fin guar/surety (0.5%), homeowners (0.1%), other (53.8%)
Licensed in:
TX
Principal Investments:
Investment grade bonds (91.3%), cash (6.1%), other (2.6%)
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
43559
Website
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