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
3rd quarer released on 10/23/06
*Earnings were released premarket, the stock closed up $1.09 or 3.29%.
* Non-Cat loss ratio increased 10.2%
* Net premium increased from increased retention and new premium writings.
* Expense ratio also went down, primarily because of 2005 Katrina expenses.
* A new homeowners policy was introduced which targets homes from .4-2.0 mill. It was introduced in IA, IL, IN, MN, WI
* New book value of $23.94. This has increased from a low of $21.20 at the end of 2005.
2/12/07 4th quarter resulsts released premarket
4th quarter
* Net income of 29.3 million or 1.06 per share vs a loss of 58.4 million or 2.48 per share in q4'06
* Revenue of 166.4 million up 3.5%
* Combined Ratio of 80.8%
*Premiums earned up 3% to 133 million
Full Year results
* Net income of 88.1 million or $3.37 per share
* Combined Ratio of 87.9%
* Book value of $24.62