UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 13F FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: September 30, 2010 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 Avenue SE Cedar Rapids IA 52401 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: Kevin W. Helbing Title: Controller Phone: 319 286-2533 Signature, Place and Date of Signing: /s/ Kevin W. Helbing Cedar Rapids, IA 10/26/2010 --------------------------- Kevin W. Helbing 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: 59 Form 13F Information Table Value Total: $132,821 (in thousands) List of Other Included Managers: NONE FORM 13F INFORMATION TABLE VOTING AUTHORITY VALUE SHARES/ SH/ PUT/ INVSTMNT OTHER -------------------- NAME OF ISSUER TITLE OF CLASS CUSIP (x $1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE -------------------------------- -------------- ----------- --------- -------- --- ---- -------- -------- ------- ------ ----- AT&T Inc Common 00206R-10-2 2,864 100,160 SH Sole 100,160 Abbott Laboratories Common 002824-10-0 10,709 205,000 SH Sole 205,000 Agilysys Inc Common 00847J-10-5 1,373 211,187 SH Sole 211,187 Alliant Energy Corporation Common 018802-10-8 4,445 122,200 SH Sole 122,200 American Strategic Inc Port II Common 030099-10-5 255 25,420 SH Sole 25,420 BCE Inc Common 05534B-76-0 480 14,823 SH Sole 14,823 BRE Properties Inc Common 05564E-10-6 747 18,000 SH Sole 18,000 Bank of America Corporation Common 060505-10-4 1,833 140,000 SH Sole 140,000 Bemis Company Inc Common 081437-10-5 997 31,400 SH Sole 31,400 Boeing Company Common 097023-10-5 4,990 75,000 SH Sole 75,000 CF Industral Inc Holdings Common 125269-10-0 291 3,046 SH Sole 3,046 CIT Group Inc Common 125581-80-1 2,248 55,065 SH Sole 55,065 Cincinnati Financial Corp Common 172062-10-1 9,231 320,276 SH Sole 320,276 ConocoPhillips Common 20825C-10-4 578 10,059 SH Sole 10,059 Cummins Inc Common 231021-10-6 7,082 78,180 SH Sole 78,180 Dean Foods Company Common 242370-10-4 82 8,000 SH Sole 8,000 Deere & Company Common 244199-10-5 1,396 20,000 SH Sole 20,000 Del Monte Foods Co Common 24522P-10-3 263 20,097 SH Sole 20,097 Dow Chemical Company Common 260543-10-3 4,670 170,000 SH Sole 170,000 Duke Energy Corporation Common 26441C-10-5 2,626 148,192 SH Sole 148,192 Emerson Electric Co Common 291011-10-4 664 12,600 SH Sole 12,600 Exxon Mobil Corporation Common 30231G-10-2 2,471 40,000 SH Sole 40,000 Federal-Mogul Corporation Common 313549-40-4 727 38,457 SH Sole 38,457 Fidelity National Information Common 31620M-10-6 265 9,758 SH Sole 9,758 Fidelity NationalFinancial Inc Common 31620R-10-5 349 22,201 SH Sole 22,201 Frontier Communications Corp Common 35906A-10-8 110 13,439 SH Sole 13,439 Arthur J Gallagher & Co Common 363576-10-9 272 10,321 SH Sole 10,321 General Electric Company Common 369604-10-3 4,471 275,000 SH Sole 275,000 H J Heinz Company Common 423074-10-3 2,132 45,000 SH Sole 45,000 Honeywell International Inc Common 438516-10-6 1,538 35,000 SH Sole 35,000 Hospira Inc Common 441060-10-0 912 16,000 SH Sole 16,000 Intel Corporation Common 458140-10-0 768 40,000 SH Sole 40,000 JPMorgan Chase & Co Common 46625H-10-0 2,197 57,736 SH Sole 57,736 Johnson & Johnson Common 478160-10-4 1,860 30,000 SH Sole 30,000 Medtronic Inc Common 585055-10-6 840 25,000 SH Sole 25,000 Merck & Co Inc Common 58933Y-10-5 212 5,767 SH Sole 5,767 Mirant Corporation Common 60467R-10-0 282 28,342 SH Sole 28,342 Newell Rubbermaid Inc Common 651229-10-6 814 45,766 SH Sole 45,766 Nicor Inc Common 654086-10-7 1,832 40,000 SH Sole 40,000 Old Republic International Cor Common 680223-10-4 3,528 254,690 SH Sole 254,690 PepsiCo Inc Common 713448-10-8 1,328 20,000 SH Sole 20,000 Pfizer Inc Common 717081-10-3 688 40,000 SH Sole 40,000 Piper Jaffray Cos Common 724078-10-0 242 8,329 SH Sole 8,329 Procter & Gamble Company Common 742718-10-9 4,559 76,000 SH Sole 76,000 Progress Energy Inc Common 743263-10-5 851 19,131 SH Sole 19,131 QCR Holdings Inc Common 74727A-10-4 751 83,181 SH Sole 83,181 Royal Dutch Shell ADR Common 780259-20-6 2,412 40,000 SH Sole 40,000 Schlumberger Limited Common 806857-10-8 1,848 30,000 SH Sole 30,000 Spectra Energy Corporation Common 847560-10-9 2,121 94,096 SH Sole 94,096 Treehouse Foods Inc Common 89469A-10-4 445 9,652 SH Sole 9,652 UAL Corporation Common 902549-80-7 1 51 SH Sole 51 U S Bancorp Common 902973-30-4 15,518 717,784 SH Sole 717,784 Vectren Corporation Common 92240G-10-1 691 26,658 SH Sole 26,658 Verizon Communications Inc Common 92343V-10-4 1,824 55,997 SH Sole 55,997 Wells Fargo & Company Common 949746-10-1 6,282 250,086 SH Sole 250,086 Windstream Corporation Common 97381W-10-4 159 12,942 SH Sole 12,942 Wintrust Financial Corporation Common 97650W-10-8 7,471 230,523 SH Sole 230,523 Xcel Energy, Inc. Common 98389B-10-0 2,067 90,000 SH Sole 90,000 Montpelier Re Holdings Ltd Common G62185-10-6 159 9,189 SH Sole 9,189 Report Summary Data Records 59 132,821 0 other managers on whose behalf report is filed