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Total Investments

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Company	2005	2006	2007	2008	2009
21st Century Holding Company (TCHC)	$100M	$125M	Add	Add	Add
Ace (ACE)	$31.8B	$36.6B	Add	Add	Add
Affirmative Insurance Holdings (AFFM)	$259M	$274M	Add	Add	Add
Alfa (ALFA)	$1.86B	$2B	Add	Add	Add
Alleghany (Y)	$2.49B	$3.22B	Add	Add	Add
Allianz SE (AZ)	$356B	$362B	Add	Add	Add
Allied World Assurance Company Holdings (AWH)	$4.69B	$5.44B	Add	Add	Add
Allstate (ALL)	$118B	$120B	Add	Add	Add
AmCOMP (AMCP)	$339M	$437M	Add	Add	Add
American Equity Investment Life Holding Company (AEL)	$10.5B	$11.4B	$12.6B	Add	Add
American Financial Group (AFG)	$1.62B	$17.7B	Add	Add	Add
American International Group (AIG)	$683B	$791B	Add	Add	Add
American Physicians Capital (ACAP)	$854M	$875M	Add	Add	Add
American Safety Insurance Holdings (ASI)	$415M	$551M	Add	Add	Add
Arch Capital Group (ACGL)	$7.12B	$9.32B	Add	Add	Add
Argonaut Group (AGII)	$2.17B	$2.51B	Add	Add	Add
Aspen Insurance Holdings (AHL)	$4.44B	$5.18B	Add	Add	Add
Assured Guaranty (AGO)	$2.25M	$2.47B	$3.14B	Add	Add
AXA (AXA)	$574B	$734B	$806B	Add	Add
Axis Capital Holdings (AXS)	$6.42B	$7.66B	$8.98B	Add	Add
Baldwin & Lyons (BWINB)	$492M	$585M	Add	Add	Add
China Life Insurance Company (LFC)	$0	$778M	$884M	Add	Add
Chubb (CB)	$34.6B	$37.7B	Add	Add	Add
Cincinnati Financial (CINF)	$12.7B	$13.8B	Add	Add	Add
Citizens (CIA)	$485M	$515M	$585M	Add	Add
CNA Financial (CNA)	$39.7B	$44.1B	Add	Add	Add
Commerce Group (CGI)	$2.77B	$3.07B	Add	Add	Add
CRM Holdings (CRMH)	$8.19M	$214M	Add	Add	Add
Darwin Professional Underwriters (DR)	$315M	$426M	Add	Add	Add
Delphi Financial Group (DFG)	$3.91B	$4.48B	$4.99B	Add	Add
Donegal Group (DGICB)	$548M	$591M	Add	Add	Add
EMC Insurance Group (EMCI)	$950M	$1B	Add	Add	Add
Employers Holdings (EIG)	$1.6B	$1.72B	Add	Add	Add
Endurance Specialty Holdings (ENH)	$4.95B	$5.52B	Add	Add	Add
Enstar Group (ESGR)	$540M	$748M	Add	Add	Add
Everest Re Group (RE)	$13B	$14B	Add	Add	Add
FBL Financial Group (FFG)	$8.3B	$9.78B	$11.1B	Add	Add
First Mercury Financial (FMR)	$211M	$298M	Add	Add	Add
GAINSCO (GAN)	$122M	$191M	Add	Add	Add
Genworth Financial (GNW)	$66.9B	$68.6B	$70.8B