A.M. best's stock indexes.

A.M. Best's Stock Indexes
Four Weeks Ended January 11, 2007 (Dec. 31, 2004 = 1,000.00)

                                             -- Percent Change --

                                      Index   Month/   Year to   Year/
AMB vs Dow                            Close   Month       Date    Year

AMB% Insurance Composite (AMBG)    1,327.95    0.26      -0.19   10.71
Dow Jones Industrial Avg (DJIA)   12,514.98    0.79       0.42   13.33

                                            -- Percent Change --

Global and Regional                  Index   Month/   Year to   Year/
Indexes (Ticker)                     Close   Month       Date    Year

Insurance Composite Indexes by Region

United States (AMBUS)             1,253.78    0.28      -0.43    4.61
Europe (AMBEUR)                   1,478.66    0.56       0.13   25.40
Asia/Pacific (AMBAP)              1,402.70   -1.35       0.48    7.42

Insurance Indexes by Market Type (Global)

Non-Life (AMBGNL)                 1,274.07    -1.29     -0.91    9.95
Life (AMBGL)                      1,384.59     1.48      0.22    9.04
Mufti-Line (AMBGML)               1,334.10     0.27    -0.10    15.36
Reinsurance (AMBGR)               1,329.35    -0.77     -0.73   18.69
Brokers (AMBGB)                   1,078.95    -1.67      0.08   -4.04

(See www.ambest.com/stocks for live feed, methodology and further detail
identifying the companies included in each index.)

                                         -- Percent Change --

                                Index    Month/   Year to    Year/
U.S. Indexes (Ticker)           Close    Month       Date     Year

Insurance Indexes by Market Type (U.S.)

Multi-Line (AMBUML)          1,152.50    -0.88      -0.87     4.06
Property/Casualty (AMBUPC)   1,226.76    -1.26      -1.41     9.49
Life & Health/HMO (AMBULH)   1,368.95     2.32       0.50     2.49
Life (AMBUL)                 1,412.69     0.80       0.80    11.55
Health/HMO (AMBUH)           1,320.60     4.03       0.18    -5.69
Brokers (AMBUB)              1,064.50    -1.78       0.24    -4.47

(See www.ambest.com/stocks for live feed, methodology and further
detail identifying the companies included in each index.)

Top 5 Global Performers                     Ticker   Currency

1. KMG America Corp.                           KMA        USD
2. Beazley Group PLC                         ILBEZ        GBP
3. DBV Winterthur Holding AG                 eIDBV        EUR
4. Penn Treaty American Corp.                  PTA        USD
5. Assurances Generales de France S.A.     eQ12592        EUR

Bottom 5 Global Performers

1. Scottish Re Group Ltd.                      SCT        USD
2. Specialty Underwriters' Alliance Inc.      SUAI        USD
3. National Interstate Corp.                  NATL        USD
4. Donegal Group Inc.                        DGICA        USD
5. Fairfax Financial Holdings Ltd.             FFH        USD

                                                     % Change
                                           Closing     Month/
Top 5 Global Performers                      Price      Month

1. KMG America Corp.                          9.54      17.20
2. Beazley Group PLC                          1.45      16.00
3. DBV Winterthur Holding AG                 79.99      14.29
4. Penn Treaty American Corp.                 8.05      14.02
5. Assurances Generales de France S.A.       129.4      12.52

Bottom 5 Global Performers

1. Scottish Re Group Ltd.                     4.67     -12.87
2. Specialty Underwriters' Alliance Inc.      8.00     -12.85
3. National Interstate Corp.                 22.35      -9.26
4. Donegal Group Inc.                        18.05      -8.88
5. Fairfax Financial Holdings Ltd.          183.79      -8.22

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