Standard & Poor's Ratings Service has affirmed the rating of United Fire & Casualty Co. and the company's wholly owned subsidiaries and removed them from credit watch with negative implications.
The companies, with financial strength ratings of "A," were placed on credit watch on Sept. 9. However, S&P said the company and its subsidiary's outlook remains negative.
"The ratings on United Fire & Casualty Co. are based on the company's solid profitability excluding catastrophe losses, improved capitalization from historical levels, and diversified earnings stream," said Tom E. Thun, S&P credit analyst.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
