STATUTORY REPORTING, CAPITAL REQUIREMENTS AND DIVIDENDS AND RETAINED EARNINGS RESTRICTIONS (Tables)

12 Months Ended

Dec. 31, 2017

Statutory Insurance Financial Information [Abstract]

Schedule of Statutory Capital and Surplus

Statutory capital and surplus in regards to policyholders at December 31, 2017, 2016 and 2015 and statutory net income (loss) for the years then ended are as follows:



	Statutory Capital and Surplus		Statutory Net Income (Loss)
2017
Property and casualty business	$	757,443	$	19,687
Life, accident and health business	144,533		5,485
2016
Property and casualty business	$	770,908	$	39,087
Life, accident and health business	139,806		(3,177		)
2015
Property and casualty business	$	722,404	$	75,554
Life, accident and health business	138,855		(1,524		)


(1)	Because United Fire & Casualty Company owns United Life Insurance Company, the property and casualty statutory capital and surplus includes life, accident and health statutory capital and surplus, and therefore represents our total consolidated statutory capital and surplus.

- Definition

Tabular disclosure of how the entity's reporting under GAAP as of the balance sheet date differs from the results based on prescribed and permitted accounting practices of the state or country of domicile in which a relevant statutory filing is made, or differences in results based on the National Association of Insurance Commissioners (NAIC) prescribed practices, or a combination thereof. Describes the accounting practices used and the related monetary effect on statutory surplus, net income, and risk-based capital. If an insurance enterprise's risk-based capital would have triggered a regulatory event had it not used a permitted practice, that fact is disclosed in the financial statements. Permitted statutory accounting practices include practices not prescribed but allowed by the domiciliary state insurance department regulatory authority.

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