SCHEDULE III SUPPLEMENTARY INSURANCE INFORMATION

12 Months Ended

Dec. 31, 2014

SCHEDULE III SUPPLEMENTARY INSURANCE INFORMATION [Abstract]

SCHEDULE III SUPPLEMENTARY INSURANCE INFORMATION

SCHEDULE III -- SUPPLEMENTARY INSURANCE INFORMATION

Form 10-K

Baldwin & Lyons, Inc. and Subsidiaries

(Dollars in thousands)


Column A	Column B		Column C		Column D		Column E		Column F		Column G		Column H		Column I		Column J		Column K


	As of December 31								Year Ended December 31
			Reserves
			for Unpaid				Other						Benefits,		Amortization
	Deferred		Claims				Policy						Claims,		of Deferred
	Policy		and Claim				Claims and		Net		Net		Losses and		Policy		Other		Net
	Acquisition		Acquisition		Unearned		Benefits		Premium		Investment		Settlement		Acquisition		Operating		Premiums
Segment	Costs		Expenses		Premiums		Payable		Earned		Income		Expenses		Costs		Expenses		Written
											(A) (C)		(A)				(A) (B) (C)
Property/Casualty
Insurance

2014	$	2,263	$	449,133	$	23,659		---	$	224,683	$	9,055	$	139,308	$	48,872	$	14,033	$	224,258

2013		2,319		408,469		26,303		---		202,785		8,770		133,005		47,414		14,459		201,817

2012		3,091		373,667		28,792		---		186,586		9,930		122,924		41,957		12,057		178,908

Reinsurance

2014		---	$	56,969	$	11,360		---	$	36,944	$	9,055	$	20,288		---	$	14,033	$	37,913

2013		---		66,001		10,390		---		49,958		8,770		17,696		---		14,459		51,867

2012		---		81,787		8,481		---		50,875		9,930		15,164		---		12,057		54,770

(A) Allocations of certain expenses have been made to investment income, settlement expenses and other operating expenses and are based on a number of assumptions and estimates. Results among these categories would change if different methods were applied.

(B) Commission allowances relating to reinsurance ceded are offset against other operating expenses.

- Definition

The entire disclosure for required supplementary insurance information giving segment detail in support of various balance sheet and income statement captions. The balance sheet information generally is presented as of the date of each audited balance sheet filed, and the income statement information generally is presented for each period for which an audited income statement is required to be filed. Supplementary insurance information table includes segment name; deferred policy acquisition costs; future policy benefits, losses, claims and loss expenses; unearned premiums; other policy claims and benefits payable; premium revenue; net investment income; benefits, claims, losses and settlement expenses; amortization of deferred policy acquisition costs; other operating expenses; and premiums written.

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