<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.