UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: December 31, 2005
Check here if Amendment [_]; Amendment Number:
This Amendment (Check only one): [_] is a restatement.
[_] adds new holdings entries.
Institutional Investment Manager:
Name: United Fire & Casualty Company
Address: 118 Second Ave., S.E.
Cedar Rapids, IA 52407
Form 13F File Number: 28-6427
The institutional investment manager filing this report and the person by whom
it is signed hereby represent that the person signing the report is authorized
to submit it, that all information contained herein is true, correct and
complete, and that it is understood that all required items, statements,
schedules, lists, and tables, are considered integral parts of this form.
Person Signing this Report on Behalf of the Reporting Manager:
Name: Dianne M. Lyons
Title: Controller
Phone: 319-399-5723
Signature, Place and Date of Signing:
/s/ Dianne M. Lyons Cedar Rapids, IA 2/13/2006
-------------------------------
Dianne M. Lyons
Report Type (Check only one.):
[X] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager
are reported in this report.)
[_] 13F NOTICE. (Check here if no holdings reported are in this report, and all
holdings are reported by other reporting manager(s).)
[_] 13F COMBINATION REPORT. (Check here if a portion of the holdings for this
reporting manager are reported in this report and a portion are reported by
other reporting manager(s).)
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 65
Form 13F Information Table Value Total: $ 156,805 (in thousands)
List of Other Included Managers: NONE
FORM 13F INFORMATION TABLE
VOTING AUTHORITY
VALUE SHARES/ SH/ PUT/ INVSTMNT OTHER -------------------
NAME OF ISSUER TITLE OF CLASS CUSIP (x $1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
-------------- -------------- ----------- --------- ------- --- ---- -------- -------- ------- ------ ----
AT&T Inc Common 00206R-10-2 1,934 78,960 SH Sole 78,960
Abbott
Laboratories Common 002824-10-0 6,900 175,000 SH Sole 175,000
Agilysys Inc Common 00847J-10-5 5,788 317,666 SH Sole 317,666
Alderwoods
Group Inc Common 014383-10-3 610 38,421 SH Sole 38,421
Alliant Energy
Corporation Common 018802-10-8 3,426 122,200 SH Sole 122,200
ALLTEL
Corporation Common 020039-10-3 790 12,518 SH Sole 12,518
American
Strategic Inc
Port II Common 030099-10-5 276 25,420 SH Sole 25,420
Anheuser-Busch
Companies
Inc Common Common 035229-10-3 172 4,000 SH Sole 4,000
BCE Inc Common 05534B-10-9 388 16,200 SH Sole 16,200
BRE Properties
Inc Common 05564E-10-6 819 18,000 SH Sole 18,000
Bank of
America
Corporation Common 060505-10-4 6,461 140,000 SH Sole 140,000
Bell South
Corporation Common 079860-10-2 434 16,000 SH Sole 16,000
Bemis Company
Inc Common 081437-10-5 875 31,400 SH Sole 31,400
Boeing
Company Common 097023-10-5 2,458 35,000 SH Sole 35,000
Burlington
Northern
Santa Fe Common 12189T-10-4 1,144 16,158 SH Sole 16,158
Burlington
Resources Inc Common 122014-10-3 1,202 13,944 SH Sole 13,944
Cincinnati
Financial
Corp Common 172062-10-1 14,310 320,276 SH Sole 320,276
Cummins Inc Common 231021-10-6 1,754 19,545 SH Sole 19,545
Dean Foods
Company Common 242370-10-4 1,818 48,261 SH Sole 48,261
Del Monte
Foods Co Common 24522P-10-3 210 20,097 SH Sole 20,097
Dow Chemical
Company Common 260543-10-3 3,944 90,000 SH Sole 90,000
Duke Energy
Corporation Common 264399-10-6 4,068 148,192 SH Sole 148,192
Duquesne Light
Holdings Inc Common 266233-10-5 1,061 65,000 SH Sole 65,000
Emerson
Electric Co Common 291011-10-4 471 6,300 SH Sole 6,300
Exxon Mobil
Corporation Common 30231G-10-2 2,247 40,000 SH Sole 40,000
Fidelity National
Title Group Common 31620R-10-5 77 3,177 SH Sole 3,177
Fidelity National
Financial In Common 316326-10-7 668 18,158 SH Sole 18,158
Arthur J
Gallagher &
Co Common 363576-10-9 319 10,321 SH Sole 10,321
General Electric
Company Common 369604-10-3 7,361 210,000 SH Sole 210,000
Greater Bay
Bancorp Common 391648-10-2 512 20,000 SH Sole 20,000
H J Heinz
Company Common 423074-10-3 1,517 45,000 SH Sole 45,000
Honeywell
International
Inc Common 438516-10-6 1,304 35,000 SH Sole 35,000
Hospira Inc Common 441060-10-0 684 16,000 SH Sole 16,000
Intel
Corporation Common 458140-10-0 250 10,000 SH Sole 10,000
JPMorgan
Chase & Co Common 46625H-10-0 2,292 57,736 SH Sole 57,736
Johnson &
Johnson Common 478160-10-4 1,803 30,000 SH Sole 30,000
Keycorp Common 493267-10-8 1,153 35,000 SH Sole 35,000
MCI Inc. Common 552691-10-7 665 33,694 SH Sole 33,694
Newell
Rubbermaid
Inc Common 651229-10-6 1,088 45,766 SH Sole 45,766
Nicor Inc Common 654086-10-7 1,572 40,000 SH Sole 40,000
Ohio Casualty
Corporation Common 677240-10-3 283 10,000 SH Sole 10,000
Old Republic
International
Cor Common 680223-10-4 4,720 179,752 SH Sole 179,752
Penwest
Pharmaceuticals
Co. Common 709754-10-5 586 30,000 SH Sole 30,000
PepsiCo Inc Common 713448-10-8 1,182 20,000 SH Sole 20,000
Pfizer Inc Common 717081-10-3 700 30,000 SH Sole 30,000
Piper Jaffray
Cos Common 724078-10-0 336 8,329 SH Sole 8,329
Procter &
Gamble
Company Common 742718-10-9 3,820 66,000 SH Sole 66,000
Progress Energy
Inc Common 743263-10-5 840 19,131 SH Sole 19,131
QCR Holdings
Inc Common 74727A-10-4 1,626 83,181 SH Sole 83,181
Royal Dutch
Shell ADR Common 780259-20-6 1,845 30,000 SH Sole 30,000
SAFECO
Corporation Common 786429-10-0 2,630 46,550 SH Sole 46,550
Schering-Plough
Corporation Common 806605-10-1 209 10,000 SH Sole 10,000
Schnitzer Steel
Industries Inc Common 806882-10-6 306 10,000 SH Sole 10,000
TNT N V Common 87260W-10-1 126 4,034 SH Sole 4,034
TXU
Corporation Common 873168-10-8 3,011 60,000 SH Sole 60,000
Terra Industries
Inc. Common 880915-10-3 599 106,969 SH Sole 106,969
Treehouse Foods
Inc Common 89469A-10-4 181 9,652 SH Sole 9,652
U S Bancorp Common 902973-30-4 24,082 805,784 SH Sole 805,784
Vectren
Corporation Common 92240G-10-1 724 26,658 SH Sole 26,658
Verizon
Communications
Inc Common 92343V-10-4 1,104 36,648 SH Sole 36,648
Wachovia
Corporation Common 929903-10-2 1,586 30,008 SH Sole 30,008
Wells Fargo &
Company Common 949746-10-1 7,362 117,176 SH Sole 117,176
Wintrust
Financial
Corporation Common 97650W-10-8 12,656 230,523 SH Sole 230,523
Xcel Energy Inc. Common 98389B-10-0 1,292 70,000 SH Sole 70,000
Montpelier Re
Holdings Ltd Common G62185-10-6 174 9,189 SH Sole 9,189
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Report Summary Data Records 65 156,805 0 other managers on whose behalf report is filed
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