About United Fire Group

United Fire Group, Inc., together with its subsidiaries, engages in writing property and casualty insurance through a network of independent agencies. The company’s insurance company subsidiaries are licensed as a property and casualty insurer in 50 states, plus the District of Columbia. The company owns 100 percent of one subsidiary, United Fire & Casualty Company. United Fire & Casualty Company owns 100 percent of eight subsidiaries, including Addison Insurance Company; Lafayette Insurance Company; United Fire & Indemnity Company; Mercer Insurance Company; Financial Pacific Insurance Company; UFG Specialty Insurance Company; United Real Estate Holdings LLC; and McIntyre Cedar UK Limited. Mercer Insurance Company owns 100 percent of two subsidiaries, including Franklin Insurance Company; and Mercer Insurance Company of New Jersey, Inc. United Fire Lloyds, which is organized as a Texas Lloyds plan, is an affiliate of United Fire & Indemnity Company. McIntyre Cedar UK Limited owns 100 percent of McIntyre Cedar Corporate Member LLP. The company’s property and casualty insurance business consist of commercial lines insurance, including surety bonds, and assumed reinsurance. All of the company’s property and casualty insurance subsidiaries and its affiliates belong to an intercompany reinsurance pooling arrangement. Revenue Generating Activities Marketing and Distribution The company markets its products through its home office in Cedar Rapids, Iowa, and regional offices, such as Westminster, Colorado, a suburb of Denver; Webster, Texas, a suburb of Houston; Princeton, New Jersey; Phoenix, Arizona; and Rocklin, California. The company is represented through approximately 1,000 independent property and casualty agencies. Property and Casualty Insurance Business The company staffs its regional offices with underwriting, claims and marketing representatives and administrative technicians, all of whom provide support and assistance to the independent agencies. Also, home office staff technicians and specialists provide support to its subsidiaries, regional offices and independent agencies. The company uses management reports to monitor subsidiary and regional offices for overall results and conformity to its business policies. Regulation The company is subject to extensive regulation, primarily at the state level. The method, extent and substance of such regulation varies by state, but generally has its source in National Association of Insurance Commissioners (NAIC) model laws and regulations that establish standards and requirements for conducting the business of insurance and that delegate regulatory authority to a state regulatory agency. These rules have a substantial effect on the company’s business and relate to a wide variety of matters, including: insurance company licensing and examination; the licensing of insurance agents and adjusters; price setting or premium rates; trade practices; approval of policy forms; claims practices; restrictions on transactions between its subsidiaries and their affiliates, including the payment of dividends; investments; underwriting standards; advertising and marketing practices; capital adequacy; and the collection, remittance and reporting of certain taxes, licenses and fees. History United Fire Group, Inc. was founded in 1946. The company was incorporated in 1946.