A.M. Best Affirms Credit Ratings of United Fire Group
OREANDA-NEWS. A.M. Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a” of the property/casualty subsidiaries of United Fire Group, Inc. (UFG) [NASDAQ: UFCS] (collectively known as United Fire & Casualty Group), which operates under an inter-company pooling agreement led by United Fire & Casualty Company. Concurrently, A.M. Best has affirmed the Long-Term ICR of “bbb” of UFG. At the same time, A.M. Best has affirmed the FSR of A- (Excellent) and the Long-Term ICR of “a-” of United Life Insurance Company (ULIC), a wholly owned subsidiary of United Fire & Casualty Company, which is a wholly owned subsidiary of UFG. The outlook of these Credit Ratings (ratings) is stable. All companies are headquartered in Cedar Rapids, IA.