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: http://public.viavid.com/index.php?id=102928

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
         corydon@baldwinandlyons.com

3 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

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

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
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 17,279.74 +13.75 0.08%
S&P 500 2,010.40 -0.96 -0.05%
NASDAQ 4,579.7890 -13.6380 -0.30%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

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