This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Baldwin & Lyons Announces Results For Quarter And Twelve Months

Book value per share increased $.13 per share during the fourth quarter, after the payment of $.25 per share in regular cash dividends. For the year, book value per share increased $1.76, after the payment of cash dividends to shareholders of $1.00 per share, with the combination of the increase in book value and dividends representing a 12.9% total return on beginning book value.

Conference Call Information:

Baldwin & Lyons, Inc. has scheduled a conference call for Thursday, January 31, 2013, at 11:00 AM ET (New York time) to discuss results for the fourth quarter ended December 31, 2012.

To participate via teleconference, investors may dial 1-888-417-8533 (U.S./Canada) or 1-719-457-2083 (International or local) at least five minutes prior to the beginning of the call. A replay of the call will be available through February 7, 2013 by calling 1-877-870-5176 or 1-858-384-5517 and referencing passcode 2143826. Investors and interested parties may also listen to the call via a live webcast, accessible on the company's web site via a link at the top of the main Investor Relations page. To participate in the webcast, please register at least fifteen minutes prior to the start of the call. The webcast will be archived on this site until January 31, 2014. The webcast may be accessed directly at:

Also available on the investor relations section of our web site are complete interim financial statements and copies of our filings with the Securities and Exchange Commission.

Financial Highlights (unaudited)        
Baldwin & Lyons, Inc. and Subsidiaries        
(In thousands, except per share data) Three Months Ended Twelve Months Ended
  December 31 December 31
  2012 2011 2012 2011
Operating revenue $ 65,468 $ 68,354 $ 253,113 $ 261,397
Net investment gains (losses) 302 3,088 9,011 (17,803)
Total revenue $ 65,770 $ 71,442 $ 262,124 $ 243,594
Operating income (loss) $ 4,480 $ 3,491 $ 26,062 $ (16,603)
Net investment gains (losses), net of federal income taxes 196 2,007 5,857 (11,572)
Net income (loss) $ 4,676 $ 5,498 $ 31,919 $ (28,175)
Per share data - diluted:        
Average number of shares 14,886 14,845 14,868 14,818
Operating income (loss) $ .30 $ .24 $ 1.75 $ (1.12)
Net investment gains (losses) .01 .13 .40 (.78)
Net income (loss) $ .31 $ .37 $ 2.15 $ (1.90)
Dividends paid to shareholders $ .25 $ .25 $ 1.00 $ 1.00
Annualized return on average shareholders' equity:        
Operating income (loss) 5.8% 4.8% 8.6% -5.3%
Net income (loss) 6.0% 7.5% 10.6% -9.0%
Consolidated combined ratio of insurance subsidiaries (GAAP basis):        
Without fee income 93.8% 99.5% 88.9% 118.3%
Including fee income 93.0% 98.6% 88.0% 117.1%

Forward-looking statements in this report are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve inherent risks and uncertainties. Readers are encouraged to review the Company's annual report for its full statement regarding forward-looking information.

CONTACT: Press Contact: 
         G. Patrick Corydon
         (317) 636-9800

3 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,976.31 +263.65 1.49%
S&P 500 2,086.24 +25.22 1.22%
NASDAQ 4,947.4410 +56.2220 1.15%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs