UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 13F FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: June 30, 2010 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 Avenue SE Cedar Rapids IA 52401 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: Kevin W. Helbing Title: Controller Phone: 319 286-2533 Signature, Place and Date of Signing: /s/ Kevin W. Helbing Cedar Rapids, IA 8/2/2010 ------------------------------- Kevin W. Helbing 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: 59 Form 13F Information Table Value Total: $122,578 (in thousands) List of Other Included Managers: NONE FORM 13F INFORMATION TABLE TITLE VOTING AUTHORITY OF VALUE SHARES/ SH/ PUT/ INVSTMNT OTHER --------------------- NAME OF ISSUER CLASS CUSIP (x $1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE -------------- ------ --------- --------- ------- --- ---- -------- -------- ------- ------ ---- AT&T Inc Common 00206R102 2423 100160 SH Sole 100,160 Abbott Laboratories Common 002824100 9590 205000 SH Sole 205,000 Agilysys Inc Common 00847J105 1413 211187 SH Sole 211,187 Alliant Energy Corporation Common 018802108 3879 122200 SH Sole 122,200 American Strategic Inc Port II Common 030099105 264 25420 SH Sole 25,420 BCE Inc Common 05534B760 434 14823 SH Sole 14,823 BRE Properties Inc Common 05564E106 665 18000 SH Sole 18,000 Bank of America Corporation Common 060505104 2012 140000 SH Sole 140,000 Bemis Company Inc Common 081437105 848 31400 SH Sole 31,400 Boeing Company Common 097023105 4706 75000 SH Sole 75,000 CF Industries Holdings Inc Common 125269100 193 3046 SH Sole 3,046 CIT Group Inc Common 125581801 1865 55065 SH Sole 55,065 Cincinnati Financial Corp Common 172062101 8286 320276 SH Sole 320,276 ConocoPhillips Common 20825C104 494 10059 SH Sole 10,059 Cummins Inc Common 231021106 5092 78180 SH Sole 78,180 Dean Foods Company Common 242370104 81 8000 SH Sole 8,000 Deere & Company Common 244199105 1114 20000 SH Sole 20,000 Del Monte Foods Co Common 24522P103 289 20097 SH Sole 20,097 Dow Chemical Company Common 260543103 4032 170000 SH Sole 170,000 Duke Energy Corporation Common 26441C105 2371 148192 SH Sole 148,192 Emerson Electric Co Common 291011104 550 12600 SH Sole 12,600 Exxon Mobil Corporation Common 30231G102 2283 40000 SH Sole 40,000 Federal-Mogul Corporation Common 313549404 501 38457 SH Sole 38,457 Fidelity National Information Common 31620M106 262 9758 SH Sole 9,758 Fidelity NationalFinancial Inc Common 31620R105 288 22201 SH Sole 22,201 Arthur J Gallagher & Co Common 363576109 252 10321 SH Sole 10,321 General Electric Company Common 369604103 3966 275000 SH Sole 275,000 H J Heinz Company Common 423074103 1945 45000 SH Sole 45,000 Honeywell International Inc Common 438516106 1366 35000 SH Sole 35,000 Hospira Inc Common 441060100 919 16000 SH Sole 16,000 Intel Corporation Common 458140100 778 40000 SH Sole 40,000 JPMorgan Chase & Co Common 46625H100 2114 57736 SH Sole 57,736 Johnson & Johnson Common 478160104 1772 30000 SH Sole 30,000 Medtronic Inc Common 585055106 907 25000 SH Sole 25,000 Merck & Co Inc Common 58933Y105 202 5767 SH Sole 5,767 Mirant Corporation Common 60467R100 299 28342 SH Sole 28,342 Newell Rubbermaid Inc Common 651229106 670 45766 SH Sole 45,766 Nicor Inc Common 654086107 1620 40000 SH Sole 40,000 Old Republic International Cor Common 680223104 3089 254690 SH Sole 254,690 Penwest Pharmaceuticals Co. Common 709754105 99 30000 SH Sole 30,000 PepsiCo Inc Common 713448108 1219 20000 SH Sole 20,000 Pfizer Inc Common 717081103 570 40000 SH Sole 40,000 Piper Jaffray Cos Common 724078100 268 8329 SH Sole 8,329 Procter & Gamble Company Common 742718109 4558 76000 SH Sole 76,000 Progress Energy Inc Common 743263105 750 19131 SH Sole 19,131 QCR Holdings Inc Common 74727A104 821 83181 SH Sole 83,181 Royal Dutch Shell ADR Common 780259206 2009 40000 SH Sole 40,000 Schlumberger Limited Common 806857108 1660 30000 SH Sole 30,000 Spectra Energy Corporation Common 847560109 1889 94096 SH Sole 94,096 Treehouse Foods Inc Common 89469A104 441 9652 SH Sole 9,652 UAL Corporation Common 902549807 1 51 SH Sole 51 U S Bancorp Common 902973304 16042 717784 SH Sole 717,784 Vectren Corporation Common 92240G101 631 26658 SH Sole 26,658 Verizon Communications Inc Common 92343V104 1569 55997 SH Sole 55,997 Wells Fargo & Company Common 949746101 6402 250086 SH Sole 250,086 Windstream Corporation Common 97381W104 137 12942 SH Sole 12,942 Wintrust Financial Corporation Common 97650W108 7686 230523 SH Sole 230,523 Xcel Energy, Inc. Common 98389B100 1855 90000 SH Sole 90,000 Montpelier Re Holdings Ltd Common G62185106 137 9189 SH Sole 9,189 Report Summary Data Records 59 122,578 0 other managers on whose behalf report is filed