&lt;UNITED FIRE AND CASUALTY> 4TH QTR NET
  Shr profit 31 cts vs loss 20 cts
      Net profit 1,044,424 vs loss 515,425
      Avg shrs 3,406,841 vs 2,544,531
      Year
      Shr profit 2.83 dlrs vs profit 42 cts
      Net profit 8,811,142 vs profit 1,058,503
      Avg shrs 3,111,464 vs 2,544,531
      Note: Full company name is United Fire and Casualty Co
      Net includes realized gains of 93,551 dlrs and 764,177
  dlrs, respectively, in 1986 qtr and year, and of 92,075 dlrs
  and 972,935 dlrs, respectively, in 1985 qtr and year.
      1985 results restated for three-for-two stock split. Net
  income for 1985 has been restated due to a change in the method
  used in computing deferred acquisition costs.
      1986 results include the effect of a stock offering
  resulting in the issuance of an additional 862,500 shares of
  common stock.
  

