United Fire & Casualty (NASDAQ:UFCS)
CAPS Rating:
The Company is engaged in the business of writing property and casualty insurance and life insurance.
The Company is engaged in the business of writing property and casualty insurance and life insurance.
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Recs
This was a very solid company without any major financial drama before hurricane Katrina. The fundamentals looked great. If you are not familiar with UFCS you might think they are a dog if you look at recent data. However, it is still the same solid company it was before. In fact, it is probably better situated since I'm sure they have taken steps to avoid situations like Katrina again and have also probably raised their rates. This should be reflected in their reports over the coming years. Note that they have no debt...that puts them a step ahead of competitors in this environment where the fed is currently at it's peak (12/28/06)