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, 2011

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   11/2/2011
-------------------------------
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: 99

Form 13F Information Table Value Total: $137,815(in thousands)

List of Other Included Managers:        NONE



FORM 13F INFORMATION TABLE



                                     TITLE                 VALUE   SHARES/  SH/  PUT/ INVSTMNT   OTHER            VOTING AUTHORITY
NAME OF ISSUER                     OF CLASS     CUSIP    (x $1000) PRN AMT  PRN  CALL  DSCRETN MANAGERS   SOLE    SHARED    NONE
---------------------------------- --------- ----------- --------- -------- ---- ---- -------- -------- -------- ------- ---------
                                                                                        
AT&T Inc                           Common    00206R-10-2     2,899  101,660  SH         Sole            101,660
Abbott Laboratories                Common    002824-10-0    11,507  225,000  SH         Sole            225,000
Agilysys Inc                       Common    00847J-10-5       896  125,687  SH         Sole            125,687
Alliant Energy Corporation         Common    018802-10-8     4,727  122,200  SH         Sole            122,200
ALTERA CORP                        Common    021441-10-0       158    5,000  SH         Sole              5,000
American Strategic Inc Port II     Common    030099-10-5       207   25,420  SH         Sole             25,420
AMERISOURCEBERGEN CORP             Common    03073E-10-5       224    6,000  SH         Sole              6,000
BCE Inc                            Common    05534B-76-0       555   14,823  SH         Sole             14,823
BRE Properties Inc                 Common    05564E-10-6       762   18,000  SH         Sole             18,000
Bank of America Corporation        Common    060505-10-4       857  140,000  SH         Sole            140,000
BECTON DICKINSON & CO              Common    075887-10-9       147    2,000  SH         Sole              2,000
BED BATH & BEYOND INC              Common    075896-10-0       344    6,000  SH         Sole              6,000
Bemis Company Inc                  Common    081437-10-5       920   31,400  SH         Sole             31,400
Boeing Company                     Common    097023-10-5     4,538   75,000  SH         Sole             75,000
CIT Group Inc                      Common    125581-80-1     1,672   55,065  SH         Sole             55,065
CAMPBELL SOUP CO                   Common    134429-10-9       324   10,000  SH         Sole             10,000
Cincinnati Financial Corp          Common    172062-10-1     8,433  320,276  SH         Sole            320,276
COCA COLA CO                       Common    191216-10-0       270    4,000  SH         Sole              4,000
COLGATE PALMOLIVE CO               Common    194162-10-3       355    4,000  SH         Sole              4,000
ConocoPhillips                     Common    20825C-10-4       637   10,059  SH         Sole             10,059
CONSOLIDATED EDISON INC            Common    209115-10-4        86    1,500  SH         Sole              1,500
Cummins Inc                        Common    231021-10-6     6,286   76,980  SH         Sole             76,980
DANAHER CORP DEL                   Common    235851-10-2       168    4,000  SH         Sole              4,000
Dean Foods Company                 Common    242370-10-4        71    8,000  SH         Sole              8,000
Deere & Company                    Common    244199-10-5     1,291   20,000  SH         Sole             20,000
DOLLAR TREE INC                    Common    256746-10-8       225    3,000  SH         Sole              3,000
Dow Chemical Company               Common    260543-10-3     3,818  170,000  SH         Sole            170,000
Duke Energy Corporation            Common    26441C-10-5     2,962  148,192  SH         Sole            148,192
Emerson Electric Co                Common    291011-10-4       521   12,600  SH         Sole             12,600
EXPRESS SCRIPTS INC                Common    302182-10-0       148    4,000  SH         Sole              4,000
Exxon Mobil Corporation            Common    30231G-10-2     2,905   40,000  SH         Sole             40,000
FACTSET RESH SYS INC               Common    303075-10-5       267    3,000  SH         Sole              3,000
Federal-Mogul Corporation          Common    313549-40-4       567   38,457  SH         Sole             38,457
Fidelity National Information      Common    31620M-10-6       237    9,758  SH         Sole              9,758
Fidelity NationalFinancial Inc     Common    31620R-10-5       337   22,201  SH         Sole             22,201
Frontier Communications Corp       Common    35906A-10-8        82   13,439  SH         Sole             13,439
Arthur J Gallagher & Co            Common    363576-10-9       271   10,321  SH         Sole             10,321
GENERAL DYNAMICS CORP              Common    369550-10-8       284    5,000  SH         Sole              5,000
General Electric Company           Common    369604-10-3     4,186  275,000  SH         Sole            275,000
General Motors Company             Common    37045V-10-0         4      209  SH         Sole                209
GenOn Energy Inc                   Common    37244E-10-7       223   80,347  SH         Sole             80,347
GILDAN ACTIVEWEAR INC              Common    375916-10-3        39    1,500  SH         Sole              1,500
H J Heinz Company                  Common    423074-10-3     2,272   45,000  SH         Sole             45,000
Honeywell International Inc        Common    438516-10-6     1,669   38,000  SH         Sole             38,000
Hospira Inc                        Common    441060-10-0       592   16,000  SH         Sole             16,000
ITT CORP NEW                       Common    450911-10-2       105    2,500  SH         Sole              2,500
Intel Corporation                  Common    458140-10-0     1,280   60,000  SH         Sole             60,000
INTERNATIONAL BUSINESS MACHS       Common    459200-10-1       525    3,000  SH         Sole              3,000
JPMorgan Chase & Co                Common    46625H-10-0     1,739   57,736  SH         Sole             57,736
JACOBS ENGR GROUP INC DEL          Common    469814-10-7        32    1,000  SH         Sole              1,000
Johnson & Johnson                  Common    478160-10-4     2,420   38,000  SH         Sole             38,000
JOS A BANK CLOTHIERS INC           Common    480838-10-1        70    1,500  SH         Sole              1,500





                                                                                        
LINEAR TECHNOLOGY CORP             Common    535678-10-6       111    4,000  SH         Sole              4,000
LOWES COS INC                      Common    548661-10-7       329   17,000  SH         Sole             17,000
MCCORMICK & CO INC                 Common    579780-20-6        92    2,000  SH         Sole              2,000
MCDONALDS CORP                     Common    580135-10-1       439    5,000  SH         Sole              5,000
Medtronic Inc                      Common    585055-10-6       831   25,000  SH         Sole             25,000
Merck & Co Inc                     Common    58933Y-10-5       189    5,767  SH         Sole              5,767
METLIFE INC                        Common    59156R-10-8        50    1,800  SH         Sole              1,800
NATIONAL PRESTO INDS INC           Common    637215-10-4        87    1,000  SH         Sole              1,000
Newell Rubbermaid Inc              Common    651229-10-6       543   45,766  SH         Sole             45,766
Nicor Inc                          Common    654086-10-7     2,200   40,000  SH         Sole             40,000
NIKE INC                           Common    654106-10-3       257    3,000  SH         Sole              3,000
NOVELLUS SYS INC                   Common    670008-10-1       136    5,000  SH         Sole              5,000
Old Republic International Cor     Common    680223-10-4     2,272  254,690  SH         Sole            254,690
OMNICOM GROUP INC                  Common    681919-10-6       111    3,000  SH         Sole              3,000
ORACLE CORP                        Common    68389X-10-5       201    7,000  SH         Sole              7,000
PepsiCo Inc                        Common    713448-10-8     1,424   23,000  SH         Sole             23,000
Pfizer Inc                         Common    717081-10-3       707   40,000  SH         Sole             40,000
Piper Jaffray Cos                  Common    724078-10-0       149    8,329  SH         Sole              8,329
PLAINS ALL AMER PIPELINE LP        Common    726503-10-5       177    3,000  SH         Sole              3,000
Procter & Gamble Company           Common    742718-10-9     4,802   76,000  SH         Sole             76,000
Progress Energy Inc                Common    743263-10-5       989   19,131  SH         Sole             19,131
QCR Holdings Inc                   Common    74727A-10-4       729   83,181  SH         Sole             83,181
ROYAL BK SCOTLAND GROUP PLC        Preferred 780097-87-9        35    2,000  SH         Sole              2,000
Royal Dutch Shell ADR              Common    780259-20-6     2,461   40,000  SH         Sole             40,000
Schlumberger Limited               Common    806857-10-8     1,792   30,000  SH         Sole             30,000
SMUCKER J M CO                     Common    832696-40-5       292    4,000  SH         Sole              4,000
Spectra Energy Corporation         Common    847560-10-9     2,308   94,096  SH         Sole             94,096
STRYKER CORP                       Common    863667-10-1       283    6,000  SH         Sole              6,000
Teva Pharmaceutical Industries Ltd Common    881624-20-9        67    1,802  SH         Sole              1,802
TEXAS INSTRS INC                   Common    882508-10-4       133    5,000  SH         Sole              5,000
TRACTOR SUPPLY CO                  Common    892356-10-6       250    4,000  SH         Sole              4,000
Treehouse Foods Inc                Common    89469A-10-4       597    9,652  SH         Sole              9,652
U S Bancorp                        Common    902973-30-4    16,595  704,984  SH         Sole            704,984
UNION PAC CORP                     Common    907818-10-8       204    2,500  SH         Sole              2,500
V F CORP                           Common    918204-10-8       365    3,000  SH         Sole              3,000
VARIAN MED SYS INC                 Common    92220P-10-5        52    1,000  SH         Sole              1,000
Vectren Corporation                Common    92240G-10-1       722   26,658  SH         Sole             26,658
Verizon Communications Inc         Common    92343V-10-4     2,061   55,997  SH         Sole             55,997
WAL MART STORES INC                Common    931142-10-3       182    3,500  SH         Sole              3,500
WALGREEN CO                        Common    931422-10-9       329   10,000  SH         Sole             10,000
WASTE MGMT INC DEL                 Common    94106L-10-9        65    2,000  SH         Sole              2,000
Wells Fargo & Company              Common    949746-10-1     6,153  255,086  SH         Sole            255,086
Wachovia Corp Ser L Conv Perp Pfd  Preferred 949746-80-4     1,445    1,400  SH         Sole              1,400
Windstream Corporation             Common    97381W-10-4       151   12,942  SH         Sole             12,942
Wintrust Financial Corporation     Common    97650W-10-8     5,950  230,523  SH         Sole            230,523
Xcel Energy, Inc.                  Common    98389B-10-0     2,222   90,000  SH         Sole             90,000
Montpelier Re Holdings Ltd         Common    G62185-10-6       162    9,189  SH         Sole              9,189
Report Summary                         Data Records 99     137,815           0 other managers on whose behalf report is filed