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, 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 02/06/2007
---------------------------
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: 68
Form 13F Information Table Value Total: $189,226 (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 2,823 78,960 SH Sole 78,960
Abbott Laboratories Common 002824100 8,524 175,000 SH Sole 175,000
Agilysys Inc Common 00847J105 5,653 337,666 SH Sole 337,666
Alliant Energy Corporation Common 018802108 4,615 122,200 SH Sole 122,200
ALLTEL Corporation Common 020039103 757 12,518 SH Sole 12,518
American Strategic Inc Port II Common 030099105 293 25,420 SH Sole 25,420
Anheuser-Busch Companies Inc Common 035229103 197 4,000 SH Sole 4,000
BCE Inc Common 05534B109 400 14,823 SH Sole 14,823
BRE Properties Inc Common 05564E106 1,170 18,000 SH Sole 18,000
Bank of America Corporation Common 060505104 7,475 140,000 SH Sole 140,000
Bell South Corporation Common 079860102 754 16,000 SH Sole 16,000
Bemis Company Inc Common 081437105 1,067 31,400 SH Sole 31,400
Boeing Company Common 097023105 3,109 35,000 SH Sole 35,000
Burlington Northern Santa Fe Common 12189T10 1,193 16,158 SH Sole 16,158
Cincinnati Financial Corp Common 172062101 14,512 320,276 SH Sole 320,276
ConocoPhillips Common 20825C104 724 10,059 SH Sole 10,059
Cummins Inc Common 231021106 2,310 19,545 SH Sole 19,545
Dean Foods Company Common 242370104 2,040 48,261 SH Sole 48,261
Del Monte Foods Co Common 24522P103 222 20,097 SH Sole 20,097
Dominion Resources Inc Common 25746U109 671 8,000 SH Sole 8,000
Dow Chemical Company Common 260543103 5,586 140,000 SH Sole 140,000
Duke Energy Corporation Common 264399106 4,921 148,192 SH Sole 148,192
Duquesne Light Holdings Inc Common 266233105 1,290 65,000 SH Sole 65,000
Emerson Electric Co Common 291011104 556 12,600 SH Sole 12,600
Exxon Mobil Corporation Common 30231G102 3,065 40,000 SH Sole 40,000
Fidelity National Title Group Common 31620R105 391 9,758 SH Sole 9,758
Fidelity National Financial In Common 316326107 530 22,201 SH Sole 22,201
Arthur J Gallagher & Co Common 363576109 305 10,321 SH Sole 10,321
General Electric Company Common 369604103 8,930 240,000 SH Sole 240,000
Greater Bay Bancorp Common 391648102 527 20,000 SH Sole 20,000
H J Heinz Company Common 423074103 2,025 45,000 SH Sole 45,000
Honeywell International Inc Common 438516106 1,583 35,000 SH Sole 35,000
Hospira Inc Common 441060100 537 16,000 SH Sole 16,000
IDEARC Inc Common 451663108 80 2,799 SH Sole 2,799
Intel Corporation Common 458140100 810 40,000 SH Sole 40,000
JPMorgan Chase & Co Common 46625H100 2,789 57,736 SH Sole 57,736
Johnson & Johnson Common 478160104 1,981 30,000 SH Sole 30,000
Keycorp Common 493267108 1,331 35,000 SH Sole 35,000
Mirant Corporation Common 60467R100 895 28,342 SH Sole 28,342
Newell Rubbermaid Inc Common 651229106 1,325 45,766 SH Sole 45,766
Nicor Inc Common 654086107 1,872 40,000 SH Sole 40,000
Ohio Casualty Corporation Common 677240103 298 10,000 SH Sole 10,000
Old Republic International Cor Common 680223104 5,231 224,690 SH Sole 224,690
Owens Corning Inc Common 690742101 7,494 250,644 SH Sole 250,644
Penwest Pharmaceuticals Co. Common 709754105 499 30,000 SH Sole 30,000
PepsiCo Inc Common 713448108 1,251 20,000 SH Sole 20,000
Pfizer Inc Common 717081103 1,036 40,000 SH Sole 40,000
Piper Jaffray Cos Common 724078100 543 8,329 SH Sole 8,329
Procter & Gamble Company Common 742718109 4,885 76,000 SH Sole 76,000
Progress Energy Inc Common 743263105 939 19,131 SH Sole 19,131
QCR Holdings Inc Common 74727A104 1,469 83,181 SH Sole 83,181
Royal Dutch Shell ADR Common 780259206 2,124 30,000 SH Sole 30,000
SAFECO Corporation Common 786429100 2,912 46,550 SH Sole 46,550
Schering-Plough Corporation Common 806605101 236 10,000 SH Sole 10,000
TNT N V Common 87260W101 174 4,034 SH Sole 4,034
TXU Corporation Common 873168108 3,253 60,000 SH Sole 60,000
Terra Industries Inc. Common 880915103 1,281 106,969 SH Sole 106,969
Treehouse Foods Inc Common 89469A104 301 9,652 SH Sole 9,652
UAL Corporation Common 902549807 588 13,355 SH Sole 13,355
U S Bancorp Common 902973304 28,492 787,284 SH Sole 787,284
Vectren Corporation Common 92240G101 754 26,658 SH Sole 26,658
Verizon Communications Inc Common 92343V104 2,085 55,997 SH Sole 55,997
Wachovia Corporation Common 929903102 1,709 30,008 SH Sole 30,008
Wells Fargo & Company Common 949746101 8,334 234,352 SH Sole 234,352
Windstream Corporation Common 97381W104 184 12,942 SH Sole 12,942
Wintrust Financial Corporation Common 97650W108 11,070 230,523 SH Sole 230,523
Xcel Energy Inc. Common 98389B100 2,075 90,000 SH Sole 90,000
Montpelier Re Holding Ltd Common G62185106 171 9,189 SH Sole 9,189
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Report Summary Data Records 68 189,226 0 other managers on whose behalf report is filed