UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: September 30, 2006
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: Tyler C. Fell
Title: Controller
Phone: 319-286-2533
Signature, Place and Date of Signing:
/s/ Tyler C. Fell Cedar Rapids, IA 10/23/2006
---------------------------
Tyler C. Fell
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: 67
Form 13F Information Table Value Total: $175,482 (in thousands)
List of Other Included Managers: NONE
FORM 13F INFORMATION TABLE
TITLE OF VALUE SHARES/ SH/ PUT/ INVSTMNT OTHER -------VOTING AUTHORITY-------
NAME OF ISSUER CLASS CUSIP (x $1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
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AT&T Inc Common 00206R102 2,571 78,960 SH Sole 78,960
Abbott Laboratories Common 002824100 8,498 175,000 SH Sole 175,000
Agilysys Inc Common 00847J105 4,727 337,666 SH Sole 337,666
Alderwoods Group Inc Common 014383103 762 38,421 SH Sole 38,421
Alliant Energy Corporation Common 018802108 4,366 122,200 SH Sole 122,200
ALLTEL Corporation Common 020039103 695 12,518 SH Sole 12,518
American Strategic Inc Port II Common 030099105 280 25,420 SH Sole 25,420
Anheuser-Busch Companies Inc Common 035229103 190 4,000 SH Sole 4,000
BCE Inc Common 05534B109 402 14,823 SH Sole 14,823
BRE Properties Inc Common 05564E106 1,075 18,000 SH Sole 18,000
Bank of America Corporation Common 060505104 7,500 140,000 SH Sole 140,000
Bell South Corporation Common 079860102 684 16,000 SH Sole 16,000
Bemis Company Inc Common 081437105 1,032 31,400 SH Sole 31,400
Boeing Company Common 097023105 2,760 35,000 SH Sole 35,000
Burlington Northern Santa Fe Common 12189T10 1,187 16,158 SH Sole 16,158
Cincinnati Financial Corp Common 172062101 15,412 320,276 SH Sole 320,276
ConocoPhillips Common 20825C104 599 10,059 SH Sole 10,059
Cummins Inc Common 231021106 2,330 19,545 SH Sole 19,545
Dean Foods Company Common 242370104 2,028 48,261 SH Sole 48,261
Del Monte Foods Co Common 24522P103 210 20,097 SH Sole 20,097
Dominion Resources Inc Common 25746U109 1,034 13,522 SH Sole 13,522
Dow Chemical Company Common 260543103 5,457 140,000 SH Sole 140,000
Duke Energy Corporation Common 264399106 4,475 148,192 SH Sole 148,192
Duquesne Light Holdings Inc Common 266233105 1,278 65,000 SH Sole 65,000
Emerson Electric Co Common 291011104 528 6,300 SH Sole 6,300
Exxon Mobil Corporation Common 30231G102 2,684 40,000 SH Sole 40,000
Fidelity National Title Group Common 31620R105 67 3,177 SH Sole 3,177
Fidelity National Financial In Common 316326107 756 18,158 SH Sole 18,158
Arthur J Gallagher & Co Common 363576109 275 10,321 SH Sole 10,321
General Electric Company Common 369604103 8,472 240,000 SH Sole 240,000
Greater Bay Bancorp Common 391648102 564 20,000 SH Sole 20,000
H J Heinz Company Common 423074103 1,887 45,000 SH Sole 45,000
Honeywell International Inc Common 438516106 1,432 35,000 SH Sole 35,000
Hospira Inc Common 441060100 612 16,000 SH Sole 16,000
Intel Corporation Common 458140100 823 40,000 SH Sole 40,000
JPMorgan Chase & Co Common 46625H100 2,711 57,736 SH Sole 57,736
Johnson & Johnson Common 478160104 1,948 30,000 SH Sole 30,000
Keycorp Common 493267108 1,310 35,000 SH Sole 35,000
Mirant Corporation Common 60467R100 774 28,342 SH Sole 28,342
Newell Rubbermaid Inc Common 651229106 1,296 45,766 SH Sole 45,766
Nicor Inc Common 654086107 1,710 40,000 SH Sole 40,000
Ohio Casualty Corporation Common 677240103 259 10,000 SH Sole 10,000
Old Republic International Cor Common 680223104 4,977 224,690 SH Sole 224,690
Penwest Pharmaceuticals Co. Common 709754105 500 30,000 SH Sole 30,000
PepsiCo Inc Common 713448108 1,305 20,000 SH Sole 20,000
Pfizer Inc Common 717081103 851 30,000 SH Sole 30,000
Piper Jaffray Cos Common 724078100 505 8,329 SH Sole 8,329
Procter & Gamble Company Common 742718109 4,710 76,000 SH Sole 76,000
Progress Energy Inc Common 743263105 868 19,131 SH Sole 19,131
QCR Holdings Inc Common 74727A104 1,414 83,181 SH Sole 83,181
Royal Dutch Shell ADR Common 780259206 1,983 30,000 SH Sole 30,000
SAFECO Corporation Common 786429100 2,743 46,550 SH Sole 46,550
Schering-Plough Corporation Common 806605101 221 10,000 SH Sole 10,000
TNT N V Common 87260W101 153 4,034 SH Sole 4,034
TXU Corporation Common 873168108 3,751 60,000 SH Sole 60,000
Terra Industries Inc. Common 880915103 825 106,969 SH Sole 106,969
Treehouse Foods Inc Common 89469A104 228 9,652 SH Sole 9,652
UAL Corporation Common 902549807 330 12,420 SH Sole 12,420
U S Bancorp Common 902973304 26,154 787,284 SH Sole 787,284
Vectren Corporation Common 92240G101 716 26,658 SH Sole 26,658
Verizon Communications Inc Common 92343V104 2,079 55,997 SH Sole 55,997
Wachovia Corporation Common 929903102 1,674 30,008 SH Sole 30,008
Wells Fargo & Company Common 949746101 8,479 234,352 SH Sole 234,352
Windstream Corporation Common 97381W104 171 12,942 SH Sole 12,942
Wintrust Financial Corporation Common 97650W108 11,561 230,523 SH Sole 230,523
Xcel Energy Inc. Common 98389B100 1,446 70,000 SH Sole 70,000
Montpelier Re Holding Ltd Common G62185106 178 9,189 SH Sole 9,189
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Report Summary Data Records 67 175,482 0 other managers on whose behalf report is filed