v3.26.1
DEBT
 6 Months Ended
Jun. 30, 2026
Debt Disclosure [Abstract]  
DEBT DEBT
Long Term Debt

The carrying amounts of long term debt are summarized as follows:

June 30,
2026		December 31,
2025
2020 Notes due 2040
$50,000 $50,000 
9% UFG Notes - Series A & B
96,350 96,200 
Total
$146,350 $146,200 

Interest expense on the Company’s outstanding long term debt for the three- and six-month periods ended June 30, 2026 and 2025 was as follows:
Three months ended June 30,Six months ended June 30,
2026202520262025
2020 Notes due 2040
$860 $860 $1,719 $1,719 
 9% UFG Notes - Series A & B
2,326 1,624 4,650 3,248 
Total
$3,186 $2,484 $6,369 $4,967 
Amortization of deferred issuance costs are recognized as a component of interest expense.
The Company is required to maintain an investment grade rating for each series of the 9% UFG Notes from a rating agency. The 9% UFG Notes also require and impose certain operating restrictions, financial restrictions, and financial covenants on the Company. As of June 30, 2026, we were in compliance with all covenants.
Credit Facilities
As of June 30, 2026, United Fire & Casualty Company ("UF&C") has Federal Home Loan Bank of Des Moines ("FHLB Des Moines") borrowing capacity up to $526.4 million, subject to investments available as collateral, if an immediate liquidity need would arise. UF&C had no outstanding balance as of June 30, 2026 and December 31, 2025 related to these lines of credit.