United Fire (UFCS) 8-K Results of Operations and Financial Condition

Exhibit 99.2

Supplemental Tables

The following table displays our consolidated results of operations for the three-month periods and year-ends December 31, 2010 and 2009.
Income Statement:	Three Months Ended December 31,					Year Ended December 31,
(In Thousands)	2010		2009			2010			2009
Revenues
Net premiums written (1)	$	102,795	$	100,102		$	463,892		$	467,427
Net premiums earned	$	118,925	$	119,747		$	469,473		$	478,498
Investment income, net of investment expenses		28,342		27,659			111,685			106,075
Realized investment gains (losses)
Other-than-temporary impairment charges		-		(167	)		(459	)		(18,306	)
All other realized gains		2,095		1,704			8,948			5,127
Total realized investment gains (losses)		2,095		1,537			8,489			(13,179	)
Other income		667		240			1,425			799
Total Revenues	$	150,029	$	149,183		$	591,072		$	572,193
Benefits, Losses and Expenses
Losses and loss settlement expenses	$	79,364	$	90,691		$	309,796		$	382,494
Increase in liability for future policy benefits		6,246		8,534			27,229			23,897
Amortization of deferred policy acquisition costs		29,434		27,677			113,371			114,893
Other underwriting expenses		13,442		11,672			39,321			39,298
Disaster charges and other related expenses, net of recoveries		-		4			(16	)		(1,335	)
Interest on policyholders’ accounts		10,617		10,853			42,988			41,652
Total Benefits, Losses and Expenses	$	139,103	$	149,431		$	532,689		$	600,899
Income (loss) before income taxes		10,926		(248	)		58,383			(28,706	)
Federal income tax expense (benefit)		1,839		(2,027	)		10,870			(18,265	)
Net income (loss)	$	9,087	$	1,779		$	47,513		$	(10,441	)
(1) The Statutory Financial Measures section of our February 14, 2011 press release defines data prepared in accordance with statutory accounting practices, which is a comprehensive basis of accounting other than U.S. GAAP.

The following table displays our consolidated financial condition at December 31, 2010 and 2009.
Balance Sheet:	December 31, 2010		December 31, 2009
(In Thousands)
Total invested assets:
Property and casualty segment	$	947,176	$	915,055
Life insurance segment		1,535,722		1,436,786
Total cash and investments		2,662,955		2,542,693
Total assets		3,007,439		2,902,544
Future policy benefits and losses, claims and loss settlement expenses	$	1,992,421	$	1,927,645
Total liabilities		2,291,015		2,229,809
Net unrealized investment gains, after-tax	$	102,649	$	82,491
Total stockholders’ equity		716,424		672,735
Property and casualty insurance statutory capital and surplus (1) (2)	$	594,308	$	556,265
Life insurance statutory capital and surplus (2)		158,379		160,179
(1) Because United Fire & Casualty Company owns United Life Insurance Company, the property and casualty insurance statutory capital and surplus includes life insurance statutory capital and surplus and therefore represents our total consolidated statutory capital and surplus.
(2) The Statutory Financial Measures section of our February 14, 2011 press release defines data prepared in accordance with statutory accounting practices, which is a comprehensive basis of accounting other than U.S. GAAP.

The following tables display our net premiums written by line of business for the three-month periods and years-ended December 31, 2010 and 2009.
	Three Months Ended  December 31,				Year Ended December 31,
(In Thousands)	2010		2009		2010		2009
Net Premiums Written
Commercial lines:
Other liability (1)	$	23,358	$	22,125	$	110,409	$	114,236
Fire and allied lines (2)		21,909		21,601		97,096		100,061
Automobile		19,849		20,457		92,378		96,024
Workers’ compensation		8,572		8,522		45,514		50,267
Fidelity and surety		3,399		3,956		17,587		19,305
Miscellaneous		195		154		822		834
Total commercial lines	$	77,282	$	76,815	$	363,806	$	380,727
Personal lines:
Fire and allied lines (3)	$	6,004	$	6,197	$	25,162	$	23,988
Automobile		3,702		3,593		15,151		13,823
Miscellaneous		114		100		494		398
Total personal lines	$	9,820	$	9,890	$	40,807	$	38,209
Reinsurance assumed		3,621		947		10,295		5,891
Total	$	90,723	$	87,652	$	414,908	$	424,827
(1) “Other liability” is business insurance covering bodily injury and property damage arising from general business operations, accidents on the insured’s premises and products manufactured or sold.
(2) “Fire and allied lines” includes fire, allied lines, commercial multiple peril and inland marine.
(3) “Fire and allied lines” includes fire, allied lines, homeowners and inland marine.

The following tables display our premiums earned, losses and loss settlement expenses and loss ratio by line of business for the three-month periods ended December 31, 2010 and 2009.
Three Months Ended December 31,
	2010									2009
(In Thousands) Unaudited		Premiums Earned		Losses and Loss Settlement Expenses Incurred			Loss Ratio			Premiums Earned		Losses and Loss Settlement Expenses Incurred			Loss Ratio
Commercial lines
Other liability		$	28,499	$	36,001			126.3	%	$	28,614	$	46,542			162.7	%
Fire and allied lines			24,919		17,207			69.1			25,197		4,065			16.1
Automobile			23,428		17,626			75.2			24,425		22,889			93.7
Workers’ compensation			10,869		7,339			67.5			12,633		11,095			87.8
Fidelity and surety			5,144		376			7.3			5,757		1,103			19.2
Miscellaneous			207		972			469.6			212		49			23.1
Total commercial lines		$	93,066	$	79,521			85.4	%	$	96,838	$	85,743			88.5	%
Personal lines
Fire and allied lines		$	6,351	$	2,827			44.5	%	$	5,886	$	(2,487	)		(42.3	)%
Automobile			3,798		3,377			88.9			3,459		1,921			55.5
Miscellaneous			123		(697	)		N/A			99		358			361.6
Total personal lines		$	10,272	$	5,507			53.6	%	$	9,444	$	(208	)		(2.2	)%
Reinsurance assumed			3,486		(11,082	)		(317.9	)%		974		775			79.6	%
Total		$	106,824	$	73,946			69.3	%	$	107,256	$	86,310			80.5	%

The following tables display our premiums earned, losses and loss settlement expenses and loss ratio by line of business for the years ended December 31, 2010 and 2009.
Year Ended December 31,
			2010								2009
(In Thousands) Unaudited	Premiums Earned		Losses and Loss Settlement Expenses Incurred			Loss Ratio			Premiums Earned		Losses and Loss Settlement Expenses Incurred		Loss Ratio
Commercial lines
Other liability	$	113,555	$	94,645			83.3	%	$	119,587	$	119,200		99.7	%
Fire and allied lines		98,673		78,174			79.2			102,265		100,436		98.2
Automobile		93,160		66,946			71.9			97,948		75,123		76.7
Workers’ compensation		45,174		27,238			60.3			51,992		41,283		79.4
Fidelity and surety		19,113		3,133			16.4			21,354		1,838		8.6
Miscellaneous		804		1,048			130.3			854		214		25.1
Total commercial lines	$	370,479	$	271,184			73.2	%	$	394,000	$	338,094		85.8	%
Personal lines
Fire and allied lines	$	24,668	$	13,850			56.1	%	$	22,317	$	12,254		54.9	%
Automobile		14,616		12,642			86.5			13,053		10,725		82.2
Miscellaneous		447		(916	)		(204.9	)		365		662		181.4
Total personal lines	$	39,731	$	25,576			64.4	%	$	35,735	$	23,641		66.2	%
Reinsurance assumed		10,163		(7,323	)		(72.1	)%		5,942		3,986		67.1	%
Total	$	420,373	$	289,437			68.9	%	$	435,677	$	365,721		83.9	%