<SEC-DOCUMENT>0000101199-18-000099.txt : 20180808
<SEC-HEADER>0000101199-18-000099.hdr.sgml : 20180808
<ACCEPTANCE-DATETIME>20180808091908
ACCESSION NUMBER:		0000101199-18-000099
CONFORMED SUBMISSION TYPE:	13F-HR
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20180630
FILED AS OF DATE:		20180808
DATE AS OF CHANGE:		20180808
EFFECTIVENESS DATE:		20180808

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			UNITED FIRE GROUP INC
		CENTRAL INDEX KEY:			0000101199
		STANDARD INDUSTRIAL CLASSIFICATION:	FIRE, MARINE & CASUALTY INSURANCE [6331]
		IRS NUMBER:				452302834
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		13F-HR
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	028-06427
		FILM NUMBER:		181000006

	BUSINESS ADDRESS:	
		STREET 1:		118 SECOND AVE SE
		CITY:			CEDAR RAPIDS
		STATE:			IA
		ZIP:			52401
		BUSINESS PHONE:		3193995700

	MAIL ADDRESS:	
		STREET 1:		P O BOX 73909
		CITY:			CEDAR RAPIDS
		STATE:			IA
		ZIP:			52407

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	UNITED FIRE GROUP, INC.
		DATE OF NAME CHANGE:	20120202

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	UNITED FIRE & CASUALTY CO
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
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      <periodOfReport>06-30-2018</periodOfReport>
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      <reportCalendarOrQuarter>06-30-2018</reportCalendarOrQuarter>
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        <name>UNITED FIRE GROUP INC</name>
        <address>
          <com:street1>P O BOX 73909</com:street1>
          <com:city>CEDAR RAPIDS</com:city>
          <com:stateOrCountry>IA</com:stateOrCountry>
          <com:zipCode>52407</com:zipCode>
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      <provideInfoForInstruction5>N</provideInfoForInstruction5>
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    <signatureBlock>
      <name>Randy Patten</name>
      <title>AVP of Finance and IR</title>
      <phone>319-286-2537</phone>
      <signature>/s/ Randy Patten</signature>
      <city>Cedar Rapids</city>
      <stateOrCountry>IA</stateOrCountry>
      <signatureDate>08-08-2018</signatureDate>
    </signatureBlock>
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      <Sole>170000</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Duke Energy Corporation</nameOfIssuer>
    <titleOfClass>Common</titleOfClass>
    <cusip>26441C204</cusip>
    <value>5224</value>
    <shrsOrPrnAmt>
      <sshPrnamt>66056</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>66056</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Emerson Electric Co</nameOfIssuer>
    <titleOfClass>Common</titleOfClass>
    <cusip>291011104</cusip>
    <value>871</value>
    <shrsOrPrnAmt>
      <sshPrnamt>12600</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>12600</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Enbridge Inc</nameOfIssuer>
    <titleOfClass>Common</titleOfClass>
    <cusip>29250N105</cusip>
    <value>2602</value>
    <shrsOrPrnAmt>
      <sshPrnamt>72910</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>72910</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Essex Property Trust Inc</nameOfIssuer>
    <titleOfClass>Common</titleOfClass>
    <cusip>297178105</cusip>
    <value>1278</value>
    <shrsOrPrnAmt>
      <sshPrnamt>5347</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>5347</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Exelon Corp</nameOfIssuer>
    <titleOfClass>Common</titleOfClass>
    <cusip>30161N101</cusip>
    <value>244</value>
    <shrsOrPrnAmt>
      <sshPrnamt>5723</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>5723</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Express Scripts Holding Company</nameOfIssuer>
    <titleOfClass>Common</titleOfClass>
    <cusip>30219G108</cusip>
    <value>309</value>
    <shrsOrPrnAmt>
      <sshPrnamt>4000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>4000</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Exxon Mobil Corporation</nameOfIssuer>
    <titleOfClass>Common</titleOfClass>
    <cusip>30231G102</cusip>
    <value>3309</value>
    <shrsOrPrnAmt>
      <sshPrnamt>40000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>40000</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>FACTSET RESH SYS INC</nameOfIssuer>
    <titleOfClass>Common</titleOfClass>
    <cusip>303075105</cusip>
    <value>594</value>
    <shrsOrPrnAmt>
      <sshPrnamt>3000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>3000</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Fidelity National Information</nameOfIssuer>
    <titleOfClass>Common</titleOfClass>
    <cusip>31620M106</cusip>
    <value>1035</value>
    <shrsOrPrnAmt>
      <sshPrnamt>9758</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>9758</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Fidelity FNF Group</nameOfIssuer>
    <titleOfClass>Common</titleOfClass>
    <cusip>31620R303</cusip>
    <value>835</value>
    <shrsOrPrnAmt>
      <sshPrnamt>22201</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>22201</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Ford Motor Company</nameOfIssuer>
    <titleOfClass>Common</titleOfClass>
    <cusip>345370860</cusip>
    <value>710</value>
    <shrsOrPrnAmt>
      <sshPrnamt>64177</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>64177</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Fortive Corporation</nameOfIssuer>
    <titleOfClass>Common</titleOfClass>
    <cusip>34959J108</cusip>
    <value>154</value>
    <shrsOrPrnAmt>
      <sshPrnamt>2000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>2000</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Freeport-McMoRan Inc</nameOfIssuer>
    <titleOfClass>Common</titleOfClass>
    <cusip>35671D857</cusip>
    <value>173</value>
    <shrsOrPrnAmt>
      <sshPrnamt>10000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>10000</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Frontier Communications Corp</nameOfIssuer>
    <titleOfClass>Common</titleOfClass>
    <cusip>35906A306</cusip>
    <value>4</value>
    <shrsOrPrnAmt>
      <sshPrnamt>658</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>658</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Arthur J Gallagher &amp; Co</nameOfIssuer>
    <titleOfClass>Common</titleOfClass>
    <cusip>363576109</cusip>
    <value>674</value>
    <shrsOrPrnAmt>
      <sshPrnamt>10321</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>10321</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>GENERAL DYNAMICS CORP</nameOfIssuer>
    <titleOfClass>Common</titleOfClass>
    <cusip>369550108</cusip>
    <value>932</value>
    <shrsOrPrnAmt>
      <sshPrnamt>5000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>5000</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>General Electric Company</nameOfIssuer>
    <titleOfClass>Common</titleOfClass>
    <cusip>369604103</cusip>
    <value>3743</value>
    <shrsOrPrnAmt>
      <sshPrnamt>275000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>275000</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>General Motors Company</nameOfIssuer>
    <titleOfClass>Common</titleOfClass>
    <cusip>37045V100</cusip>
    <value>65</value>
    <shrsOrPrnAmt>
      <sshPrnamt>1646</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>1646</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>General Motors Company-Warrants B</nameOfIssuer>
    <titleOfClass>Common</titleOfClass>
    <cusip>37045V126</cusip>
    <value>21</value>
    <shrsOrPrnAmt>
      <sshPrnamt>932</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>932</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>GILDAN ACTIVEWEAR INC</nameOfIssuer>
    <titleOfClass>Common</titleOfClass>
    <cusip>375916103</cusip>
    <value>84</value>
    <shrsOrPrnAmt>
      <sshPrnamt>3000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>3000</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Halliburton Company</nameOfIssuer>
    <titleOfClass>Common</titleOfClass>
    <cusip>406216101</cusip>
    <value>270</value>
    <shrsOrPrnAmt>
      <sshPrnamt>6000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>6000</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Harris Corporation</nameOfIssuer>
    <titleOfClass>Common</titleOfClass>
    <cusip>413875105</cusip>
    <value>37</value>
    <shrsOrPrnAmt>
      <sshPrnamt>256</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>256</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Honeywell International Inc</nameOfIssuer>
    <titleOfClass>Common</titleOfClass>
    <cusip>438516106</cusip>
    <value>5474</value>
    <shrsOrPrnAmt>
      <sshPrnamt>38000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>38000</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>ITT INC</nameOfIssuer>
    <titleOfClass>Common</titleOfClass>
    <cusip>45073V108</cusip>
    <value>65</value>
    <shrsOrPrnAmt>
      <sshPrnamt>1250</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>1250</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Intel Corporation</nameOfIssuer>
    <titleOfClass>Common</titleOfClass>
    <cusip>458140100</cusip>
    <value>1988</value>
    <shrsOrPrnAmt>
      <sshPrnamt>40000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>40000</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>INTERNATIONAL BUSINESS MACHS</nameOfIssuer>
    <titleOfClass>Common</titleOfClass>
    <cusip>459200101</cusip>
    <value>419</value>
    <shrsOrPrnAmt>
      <sshPrnamt>3000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>3000</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>J Alexanders Holdings Inc</nameOfIssuer>
    <titleOfClass>Common</titleOfClass>
    <cusip>46609J106</cusip>
    <value>14</value>
    <shrsOrPrnAmt>
      <sshPrnamt>1277</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>1277</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>JPMorgan Chase &amp; Co</nameOfIssuer>
    <titleOfClass>Common</titleOfClass>
    <cusip>46625H100</cusip>
    <value>6016</value>
    <shrsOrPrnAmt>
      <sshPrnamt>57736</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>57736</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>JACOBS ENGR GROUP INC DEL</nameOfIssuer>
    <titleOfClass>Common</titleOfClass>
    <cusip>469814107</cusip>
    <value>63</value>
    <shrsOrPrnAmt>
      <sshPrnamt>1000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>1000</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Johnson &amp; Johnson</nameOfIssuer>
    <titleOfClass>Common</titleOfClass>
    <cusip>478160104</cusip>
    <value>4611</value>
    <shrsOrPrnAmt>
      <sshPrnamt>38000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>38000</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Lam Research Corporation</nameOfIssuer>
    <titleOfClass>Common</titleOfClass>
    <cusip>512807108</cusip>
    <value>1150</value>
    <shrsOrPrnAmt>
      <sshPrnamt>6656</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>6656</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>LOWES COS INC</nameOfIssuer>
    <titleOfClass>Common</titleOfClass>
    <cusip>548661107</cusip>
    <value>1625</value>
    <shrsOrPrnAmt>
      <sshPrnamt>17000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>17000</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>MCCORMICK &amp; CO INC</nameOfIssuer>
    <titleOfClass>Common</titleOfClass>
    <cusip>579780206</cusip>
    <value>232</value>
    <shrsOrPrnAmt>
      <sshPrnamt>2000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>2000</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>MCDONALDS CORP</nameOfIssuer>
    <titleOfClass>Common</titleOfClass>
    <cusip>580135101</cusip>
    <value>783</value>
    <shrsOrPrnAmt>
      <sshPrnamt>5000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>5000</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Merck &amp; Co Inc</nameOfIssuer>
    <titleOfClass>Common</titleOfClass>
    <cusip>58933Y105</cusip>
    <value>350</value>
    <shrsOrPrnAmt>
      <sshPrnamt>5767</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>5767</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>METLIFE INC</nameOfIssuer>
    <titleOfClass>Common</titleOfClass>
    <cusip>59156R108</cusip>
    <value>78</value>
    <shrsOrPrnAmt>
      <sshPrnamt>1800</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>1800</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Microsoft Corporation</nameOfIssuer>
    <titleOfClass>Common</titleOfClass>
    <cusip>594918104</cusip>
    <value>1479</value>
    <shrsOrPrnAmt>
      <sshPrnamt>15000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>15000</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>NRG ENERGY INC</nameOfIssuer>
    <titleOfClass>Common</titleOfClass>
    <cusip>629377508</cusip>
    <value>33</value>
    <shrsOrPrnAmt>
      <sshPrnamt>1073</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>1073</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>NATIONAL PRESTO INDS INC</nameOfIssuer>
    <titleOfClass>Common</titleOfClass>
    <cusip>637215104</cusip>
    <value>124</value>
    <shrsOrPrnAmt>
      <sshPrnamt>1000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>1000</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Newell Brands</nameOfIssuer>
    <titleOfClass>Common</titleOfClass>
    <cusip>651229106</cusip>
    <value>1180</value>
    <shrsOrPrnAmt>
      <sshPrnamt>45766</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>45766</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>NIKE INC</nameOfIssuer>
    <titleOfClass>Common</titleOfClass>
    <cusip>654106103</cusip>
    <value>956</value>
    <shrsOrPrnAmt>
      <sshPrnamt>12000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
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      <Sole>12000</Sole>
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      <None>0</None>
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    <nameOfIssuer>Old Republic International Cor</nameOfIssuer>
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    <value>6708</value>
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      <sshPrnamt>336910</sshPrnamt>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>336910</Sole>
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      <None>0</None>
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    <nameOfIssuer>OMNICOM GROUP INC</nameOfIssuer>
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    <cusip>681919106</cusip>
    <value>229</value>
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      <sshPrnamt>3000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>3000</Sole>
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      <None>0</None>
    </votingAuthority>
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    <nameOfIssuer>ORACLE CORP</nameOfIssuer>
    <titleOfClass>Common</titleOfClass>
    <cusip>68389X105</cusip>
    <value>308</value>
    <shrsOrPrnAmt>
      <sshPrnamt>7000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>7000</Sole>
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      <None>0</None>
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    <nameOfIssuer>PepsiCo Inc</nameOfIssuer>
    <titleOfClass>Common</titleOfClass>
    <cusip>713448108</cusip>
    <value>2504</value>
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      <sshPrnamt>23000</sshPrnamt>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>23000</Sole>
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      <None>0</None>
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    <nameOfIssuer>Pfizer Inc</nameOfIssuer>
    <titleOfClass>Common</titleOfClass>
    <cusip>717081103</cusip>
    <value>1451</value>
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      <sshPrnamt>40000</sshPrnamt>
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    <votingAuthority>
      <Sole>40000</Sole>
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      <None>0</None>
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    <nameOfIssuer>Phillips 66</nameOfIssuer>
    <titleOfClass>Common</titleOfClass>
    <cusip>718546104</cusip>
    <value>565</value>
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      <sshPrnamt>5029</sshPrnamt>
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    <votingAuthority>
      <Sole>5029</Sole>
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      <None>0</None>
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    <nameOfIssuer>Piper Jaffray Cos</nameOfIssuer>
    <titleOfClass>Common</titleOfClass>
    <cusip>724078100</cusip>
    <value>593</value>
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      <sshPrnamt>7722</sshPrnamt>
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    <votingAuthority>
      <Sole>7722</Sole>
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      <None>0</None>
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    <nameOfIssuer>PLAINS ALL AMER PIPELINE LP</nameOfIssuer>
    <titleOfClass>Common</titleOfClass>
    <cusip>726503105</cusip>
    <value>142</value>
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      <sshPrnamt>6000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>6000</Sole>
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      <None>0</None>
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    <nameOfIssuer>Procter &amp; Gamble Company</nameOfIssuer>
    <titleOfClass>Common</titleOfClass>
    <cusip>742718109</cusip>
    <value>5933</value>
    <shrsOrPrnAmt>
      <sshPrnamt>76000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>76000</Sole>
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      <None>0</None>
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    <titleOfClass>Common</titleOfClass>
    <cusip>74727A104</cusip>
    <value>5370</value>
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      <sshPrnamt>113181</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>113181</Sole>
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      <None>0</None>
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    <nameOfIssuer>Royal Dutch Shell ADR</nameOfIssuer>
    <titleOfClass>Common</titleOfClass>
    <cusip>780259206</cusip>
    <value>3185</value>
    <shrsOrPrnAmt>
      <sshPrnamt>46000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>46000</Sole>
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      <None>0</None>
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    <nameOfIssuer>Schlumberger Limited</nameOfIssuer>
    <titleOfClass>Common</titleOfClass>
    <cusip>806857108</cusip>
    <value>2413</value>
    <shrsOrPrnAmt>
      <sshPrnamt>36000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>36000</Sole>
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      <None>0</None>
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    <nameOfIssuer>SMUCKER J M CO</nameOfIssuer>
    <titleOfClass>Common</titleOfClass>
    <cusip>832696405</cusip>
    <value>430</value>
    <shrsOrPrnAmt>
      <sshPrnamt>4000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>4000</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
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    <nameOfIssuer>SOUTHWEST AIRLS CO</nameOfIssuer>
    <titleOfClass>Common</titleOfClass>
    <cusip>844741108</cusip>
    <value>382</value>
    <shrsOrPrnAmt>
      <sshPrnamt>7500</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>7500</Sole>
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      <None>0</None>
    </votingAuthority>
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    <nameOfIssuer>STRYKER CORP</nameOfIssuer>
    <titleOfClass>Common</titleOfClass>
    <cusip>863667101</cusip>
    <value>1013</value>
    <shrsOrPrnAmt>
      <sshPrnamt>6000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>6000</Sole>
      <Shared>0</Shared>
      <None>0</None>
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    <nameOfIssuer>TEXAS INSTRS INC</nameOfIssuer>
    <titleOfClass>Common</titleOfClass>
    <cusip>882508104</cusip>
    <value>551</value>
    <shrsOrPrnAmt>
      <sshPrnamt>5000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>5000</Sole>
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      <None>0</None>
    </votingAuthority>
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    <nameOfIssuer>TRACTOR SUPPLY CO</nameOfIssuer>
    <titleOfClass>Common</titleOfClass>
    <cusip>892356106</cusip>
    <value>612</value>
    <shrsOrPrnAmt>
      <sshPrnamt>8000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>8000</Sole>
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    <titleOfClass>Common</titleOfClass>
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    <value>507</value>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>9652</Sole>
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      <None>0</None>
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    <nameOfIssuer>U S Bancorp</nameOfIssuer>
    <titleOfClass>Common</titleOfClass>
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    <value>26895</value>
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      <None>0</None>
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    <titleOfClass>Common</titleOfClass>
    <cusip>907818108</cusip>
    <value>708</value>
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      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
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    <value>969</value>
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    <votingAuthority>
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    <value>52</value>
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    <nameOfIssuer>V F CORP</nameOfIssuer>
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    <value>978</value>
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    <titleOfClass>Common</titleOfClass>
    <cusip>92214X106</cusip>
    <value>15</value>
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      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
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    <value>114</value>
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    <investmentDiscretion>SOLE</investmentDiscretion>
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    <value>1905</value>
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    <value>4</value>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
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    <value>2185</value>
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    <titleOfClass>Common</titleOfClass>
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    <value>300</value>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
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    <titleOfClass>Common</titleOfClass>
    <cusip>931427108</cusip>
    <value>600</value>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
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    <nameOfIssuer>WASTE MGMT INC DEL</nameOfIssuer>
    <titleOfClass>Common</titleOfClass>
    <cusip>94106L109</cusip>
    <value>163</value>
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    <investmentDiscretion>SOLE</investmentDiscretion>
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    <cusip>949746101</cusip>
    <value>14142</value>
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    <titleOfClass>Preferred</titleOfClass>
    <cusip>949746804</cusip>
    <value>1763</value>
    <shrsOrPrnAmt>
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    <investmentDiscretion>SOLE</investmentDiscretion>
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      <Sole>1400</Sole>
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      <None>0</None>
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    <nameOfIssuer>Welltower Inc</nameOfIssuer>
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    <value>194</value>
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    <nameOfIssuer>WINDSTREAM HLDGS INC</nameOfIssuer>
    <titleOfClass>Common</titleOfClass>
    <cusip>97382A309</cusip>
    <value>2</value>
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    <titleOfClass>Common</titleOfClass>
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    <value>4111</value>
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    <value>168</value>
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    <value>2140</value>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
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</TEXT>
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</SEC-DOCUMENT>
