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, 2008
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: Vice President & Chief Financial Officer
Phone: 319-399-5723
Signature, Place and Date of Signing:
/s/ Dianne M. Lyons Cedar Rapids, IA 10/29/2008
---------------------------
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: $155,067 (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 2,796 100,160 SH Sole 100,160
Abbott Laboratories Common 002824100 10,077 175,000 SH Sole 175,000
Agilysys Inc Common 00847J105 3,407 337,666 SH Sole 337,666
Alliant Energy Corporation Common 018802108 3,936 122,200 SH Sole 122,200
American Strategic Inc Port II Common 030099105 240 25,420 SH Sole 25,420
Anheuser-Busch Companies Inc Common 035229103 260 4,000 SH Sole 4,000
BCE Inc Common 05534B760 515 14,823 SH Sole 14,823
BRE Properties Inc Common 05564E106 882 18,000 SH Sole 18,000
Bank of America Corporation Common 060505104 4,900 140,000 SH Sole 140,000
Bemis Company Inc Common 081437105 823 31,400 SH Sole 31,400
Boeing Company Common 097023105 3,728 65,000 SH Sole 65,000
Burlington Northern Santa Fe Common 12189T104 1,493 16,158 SH Sole 16,158
Cincinnati Financial Corp Common 172062101 9,109 320,276 SH Sole 320,276
ConocoPhillips Common 20825C104 737 10,059 SH Sole 10,059
Cummins Inc Common 231021106 3,418 78,180 SH Sole 78,180
Dean Foods Company Common 242370104 1,127 48,261 SH Sole 48,261
Deere & Company Common 244199105 990 20,000 SH Sole 20,000
Del Monte Foods Co Common 24522P103 157 20,097 SH Sole 20,097
Dow Chemical Company Common 260543103 5,403 170,000 SH Sole 170,000
Duke Energy Corporation Common 26441C105 2,583 148,192 SH Sole 148,192
Emerson Electric Co Common 291011104 514 12,600 SH Sole 12,600
Exxon Mobil Corporation Common 30231G102 3,106 40,000 SH Sole 40,000
FairPoint Communications Common 305560104 9 1,054 SH Sole 1,054
Federal-Mogul Corporation Common 313549404 859 68,457 SH Sole 68,457
Fidelity National Information Common 31620M106 180 9,758 SH Sole 9,758
Fidelity NationalFinancial Inc Common 31620R105 326 22,201 SH Sole 22,201
Arthur J Gallagher & Co Common 363576109 265 10,321 SH Sole 10,321
General Electric Company Common 369604103 7,013 275,000 SH Sole 275,000
Great Plains Energy Inc Common 391164100 440 19,787 SH Sole 19,787
H J Heinz Company Common 423074103 2,249 45,000 SH Sole 45,000
Honeywell International Inc Common 438516106 1,454 35,000 SH Sole 35,000
Hospira Inc Common 441060100 611 16,000 SH Sole 16,000
IDEARC INC Common 451663108 3 2,799 SH Sole 2,799
Intel Corporation Common 458140100 749 40,000 SH Sole 40,000
JPMorgan Chase & Co Common 46625H100 2,696 57,736 SH Sole 57,736
Johnson & Johnson Common 478160104 2,078 30,000 SH Sole 30,000
Lender Processing Services Inc Common 52602E102 149 4,879 SH Sole 4,879
Medtronic Inc Common 585055106 501 10,000 SH Sole 10,000
Mirant Corporation Common 60467R100 518 28,342 SH Sole 28,342
Newell Rubbermaid Inc Common 651229106 790 45,766 SH Sole 45,766
Nicor Inc Common 654086107 1,774 40,000 SH Sole 40,000
Old Republic International Cor Common 680223104 3,247 254,690 SH Sole 254,690
Owens Corning Inc Common 690742101 4,797 200,644 SH Sole 200,644
Penwest Pharmaceuticals Co. Common 709754105 62 30,000 SH Sole 30,000
PepsiCo Inc Common 713448108 1,425 20,000 SH Sole 20,000
Pfizer Inc Common 717081103 738 40,000 SH Sole 40,000
Piper Jaffray Cos Common 724078100 360 8,329 SH Sole 8,329
Procter & Gamble Company Common 742718109 5,296 76,000 SH Sole 76,000
Progress Energy Inc Common 743263105 825 19,131 SH Sole 19,131
QCR Holdings Inc Common 74727A104 1,106 83,181 SH Sole 83,181
Royal Dutch Shell ADR Common 780259206 1,770 30,000 SH Sole 30,000
Schering-Plough Corporation Common 806605101 185 10,000 SH Sole 10,000
Schlumberger Limited Common 806857108 1,562 20,000 SH Sole 20,000
Spectra Energy Corporation Common 847560109 1,763 74,096 SH Sole 74,096
Terra Industries Inc. Common 880915103 940 31,969 SH Sole 31,969
Treehouse Foods Inc Common 89469A104 287 9,652 SH Sole 9,652
UAL Corporation Common 902549807 120 13,678 SH Sole 13,678
U S Bancorp Common 902973304 26,935 747,784 SH Sole 747,784
Vectren Corporation Common 92240G101 742 26,658 SH Sole 26,658
Verizon Communications Inc Common 92343V104 1,797 55,997 SH Sole 55,997
Wells Fargo & Company Common 949746101 9,386 250,086 SH Sole 250,086
Windstream Corporation Common 97381W104 142 12,942 SH Sole 12,942
Wintrust Financial Corporation Common 97650W108 6,766 230,523 SH Sole 230,523
Xcel Energy, Inc. Common 98389B100 1,799 90,000 SH Sole 90,000
Montpelier Re Holdings Ltd Common G62185106 152 9,189 SH Sole 9,189
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Report Summary Data Records 65 155,067 0 other managers on whose behalf report is filed