UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: March 31, 2005
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: Controller
Phone: 319-399-5723
Signature, Place and Date of Signing:
/s/ Dianne M. Lyons Cedar Rapids, IA 5/4/2005
-----------------------------------
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: $ 147,655 (in thousands)
List of Other Included Managers: NONE
FORM 13F INFORMATION TABLE
VALUE SHARES/ SH/ PUT/ INVSTMNT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x $1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
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Abbott Laboratories Common Stocks 002824100 7,459 160,000 SH Sole 160,000
Agilysys Inc Common Stocks 00847J105 5,496 279,571 SH Sole 279,571
Alderwoods Group Inc Common Stocks 014383103 478 38,421 SH Sole 38,421
Alliant Energy Corporation Common Stocks 018802108 3,273 122,200 SH Sole 122,200
ALLTEL Corporation Common Stocks 020039103 687 12,518 SH Sole 12,518
American Strategic Inc Port II Common Stocks 030099105 295 25,420 SH Sole 25,420
Anheuser-Busch Companies Inc Common Stocks 035229103 190 4,000 SH Sole 4,000
BCE Inc Common Stocks 05534B109 405 16,200 SH Sole 16,200
BRE Properties Inc Common Stocks 05564E106 635 18,000 SH Sole 18,000
Bank of America Corporation Common Stocks 060505104 6,174 140,000 SH Sole 140,000
Bell South Corporation Common Stocks 079860102 421 16,000 SH Sole 16,000
Bemis Company Inc Common Stocks 081437105 977 31,400 SH Sole 31,400
Boeing Company Common Stocks 097023105 2,046 35,000 SH Sole 35,000
Burlington Northern Santa Fe Common Stocks 12189T104 871 16,158 SH Sole 16,158
Burlington Resources Inc Common Stocks 122014103 698 13,944 SH Sole 13,944
Cincinnati Financial Corp Common Stocks 172062101 13,302 305,025 SH Sole 305,025
Cummins Inc Common Stocks 231021106 1,375 19,545 SH Sole 19,545
Dean Foods Company Common Stocks 242370104 1,655 48,261 SH Sole 48,261
Del Monte Foods Co Common Stocks 24522P103 218 20,097 SH Sole 20,097
Dow Chemical Company Common Stocks 260543103 2,991 60,000 SH Sole 60,000
Duke Energy Corporation Common Stocks 264399106 4,151 148,192 SH Sole 148,192
Duquesne Light Holdings Inc Common Stocks 266233105 1,165 65,000 SH Sole 65,000
Emerson Electric Co Common Stocks 291011104 409 6,300 SH Sole 6,300
Exxon Mobil Corporation Common Stocks 30231G102 2,384 40,000 SH Sole 40,000
Fidelity National Financial Inc Common Stocks 316326107 598 18,158 SH Sole 18,158
Arthur J Gallagher & Co Common Stocks 363576109 297 10,321 SH Sole 10,321
General Electric Company Common Stocks 369604103 7,573 210,000 SH Sole 210,000
Greater Bay Bancorp Common Stocks 391648102 488 20,000 SH Sole 20,000
H J Heinz Company Common Stocks 423074103 1,658 45,000 SH Sole 45,000
Honeywell International Inc Common Stocks 438516106 930 25,000 SH Sole 25,000
Hospira Inc Common Stocks 441060100 516 16,000 SH Sole 16,000
Intel Corporation Common Stocks 458140100 232 10,000 SH Sole 10,000
JPMorgan Chase & Co Common Stocks 46625H100 1,998 57,736 SH Sole 57,736
Johnson & Johnson Common Stocks 478160104 2,015 30,000 SH Sole 30,000
Kerr-McGee Corporation Common Stocks 492386107 - 1 SH Sole 1
Keycorp Common Stocks 493267108 1,136 35,000 SH Sole 35,000
MCI Inc. Common Stocks 552691107 1,362 54,694 SH Sole 54,694
Newell Rubbermaid Inc Common Stocks 651229106 785 35,766 SH Sole 35,766
Nicor Inc Common Stocks 654086107 1,484 40,000 SH Sole 40,000
Ohio Casualty Corporation Common Stocks 677240103 230 10,000 SH Sole 10,000
Old Republic International Cor Common Stocks 680223104 4,186 179,752 SH Sole 179,752
Penford Corporation Common Stocks 707051108 329 20,000 SH Sole 20,000
Penwest Pharmaceuticals Co. Common Stocks 709754105 371 30,000 SH Sole 30,000
PepsiCo Inc Common Stocks 713448108 1,061 20,000 SH Sole 20,000
Pfizer Inc Common Stocks 717081103 525 20,000 SH Sole 20,000
Piper Jaffray Cos Common Stocks 724078100 305 8,329 SH Sole 8,329
Procter & Gamble Company Common Stocks 742718109 2,968 56,000 SH Sole 56,000
Progress Energy Inc Common Stocks 743263105 803 19,131 SH Sole 19,131
QCR Holdings Inc Common Stocks 74727A104 1,763 83,181 SH Sole 83,181
Royal Dutch Petroleum Company Common Stocks 780257804 1,801 30,000 SH Sole 30,000
SBC Communications Inc Common Stocks 78387G103 1,871 78,960 SH Sole 78,960
SAFECO Corporation Common Stocks 786429100 2,267 46,550 SH Sole 46,550
Schering-Plough Corporation Common Stocks 806605101 182 10,000 SH Sole 10,000
Shopko Stores Inc Common Stocks 824911101 444 20,000 SH Sole 20,000
TXU Corporation Common Stocks 873168108 2,389 30,000 SH Sole 30,000
Terra Industries Inc. Common Stocks 880915103 1,068 137,670 SH Sole 137,670
TPG NV Common Stocks 892339102 115 4,034 SH Sole 4,034
U S Bancorp Common Stocks 902973304 23,223 805,784 SH Sole 805,784
Vectren Corporation Common Stocks 92240G101 710 26,658 SH Sole 26,658
Verizon Communications Inc Common Stocks 92343V104 1,301 36,648 SH Sole 36,648
Wachovia Corporation Common Stocks 929903102 1,528 30,008 SH Sole 30,008
Wells Fargo & Company Common Stocks 949746101 7,007 117,176 SH Sole 117,176
Wintrust Financial Corporation Common Stocks 97650W108 10,855 230,523 SH Sole 230,523
Xcel Energy, Inc. Common Stocks 98389B100 1,203 70,000 SH Sole 70,000
Montpelier Re Holdings Ltd Common Stocks G62185106 323 9,189 SH Sole 9,189
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Report Summary 65 Data Records 147,655 0 other managers on whose behalf report is filed