July 2, 2008

BUREAU CIRCULAR NO. A-54

To All Members of the Bureau: The following copy of the 2007 audited financial statements of the Bureau is provided for your information. For comparison purposes these statements include both 2007 and 2006 financial information. Also following is information pertaining to the adjustment of assessment for the year 2007. This adjustment produces a net refund of $48,769 to all members combined and is derived from the Bureau’s financial results for the year 2007 only. Derivation of this refund is shown on the exhibits titled “Income and Expenses 2007.” Member carrier detail of this adjustment of assessment is also attached. Questions concerning this information should be addressed to Jack Panczner, Director of Finance, at (215) 320-4414. Feel free to reproduce these statements as necessary or contact the Bureau for additional copies. Timothy L. Wisecarver President kg

PENNSYLVANIA COMPENSATION RATING BUREAU

INCOME AND EXPENSES 2007

INCOMEMembership Fees 910,000$ Pennsylvania Assessment - Tentative 7,421,801Delaware Expense Reimbursement- Tentative 956,000Delaware Expense Reimbursement - Adjustment (4,624) (1), (2)Other 1,872,058

11,155,235$ EXPENSES

PCRB Allocation of Expenses, Excluding Technology Funding (9,671,460)$ DCRB Allocation of Expenses, Excluding Technology Funding (951,376) (2) (10,622,836)$ Surplus/(Deficit) 532,399$ 2002 Technology Funding (532,399)$

0 Reimbursement from DCRB (prorata share of Technology Fund Expense) 48,769$ Refundable Surplus 48,769$

(1) In addition to reimbursing the Pennsylvania Compensation Rating Bureau on a pro-rata basis forthe Delaware share of Allocable Expenses ($950,861 and $49,237 for Technology Funding or $1,000,098),the DCRB, Inc. incurred $55,796 of direct expenses not allocable to the PCRB.

(2) DCRB Allocation of Expenses, Excluding Technology Funding 951,376$ Delaware Expense Reimbursement- Tentative (956,000)$ Delaware Expense Reimbursement - Adjustment (4,624)$

(3) By action of the Governing Board, 2007 surplus is to be retained in the Technology Fund Account.

(4) Technology Funding - Prorata Share Allocation by Premium Prorata Share

PCRB $532,399 2,634,879,361$ 0.908397763 483,630$ DCRB $532,399 265,699,515$ 0.091602237 48,769$

2,900,578,876$ 1 532,399$

(5) Surplus to be refunded to member companies - This amount is the difference between columns (5) and (6) of the attached member carrier detail.

APPORTIONMENT OF EXPENSES

Pennsylvania Assessment - Tentative 7,421,801$ Less: DCRB Tech. Fund Reimb. (48,769)$

Adjusted Assessment 7,373,032$

Adjusted Assessment 7,373,032$ = 0.002798242724 per dollar of premium

PCRB Premiums 2,634,879,361$

[PACALC207.xls]

PENNSYLVANIA 2007 COMPENSATION ASSESSMENTS ADJUSTED 2007 BALANCE BALANCE PREMIUM MEMBERSHIP ASSESSMENTS DUE DUE BUREAU MEMBERS WRITINGS FEES PAID INC.MEM.FEE MEMBERS BUREAU (1) (2) (3) (4) (5) (6) TOTALS 2,634,879,361 8,331,801 8,283,032 836,376 787,607 ACADIA INSURANCE CO 17,213,388 52,152 50,667 1,485 ACCEPTANCE INDEMNITY INSURANCE CO 2,500 2,500 ACCIDENT FUND GENERAL INSURANCE CO 2,500 2,500 ACCIDENT FUND INSURANCE CO OF AMERICA 1,195,011 4,198 5,844 1,646 ACCIDENT FUND NATIONAL INSURANCE CO 66,194 2,500 2,685 185 ACE AMERICAN INSURANCE CO 21,397,329 57,946 62,375 4,429 ACE FIRE UNDERWRITERS INSURANCE CO 260,381 3,590 3,229 361 ACE INDEMNITY INSURANCE CO 2,500 2,500 ACE PROPERTY & CASUALTY INSURANCE CO 5,252,117 37,950 17,197 20,753 ACIG INSURANCE CO 218,675 3,294 3,112 182 ACUITY A MUTUAL INSURANCE COMPANY 2,500 2,500 ADVANTAGE WORKERS COMPENSATION INS CO 2,500 2,500 AGENT ALLIANCE INSURANCE CO 2,500 2,500 AIG CASUALTY CO 369,583 3,618 3,534 84 AIG CENTENNIAL INSURANCE CO 2,500 2,500 AIU INSURANCE CO -135,692 3,284 2,500 784 ALEA NORTH AMERICA INSURANCE CO 90,183 25,670 2,752 22,918 ALLIANCE NATIONAL INSURANCE CO 816,849 3,718 4,786 1,068 ALLIANZ GLOBAL RISKS US INSURANCE CO 2,500 2,500 ALLIED EASTERN INDEMNITY CO 31,232,237 88,544 89,895 1,351 ALLIED PROPERTY & CASUALTY INSURANCE CO 297,026 2,740 3,331 591 ALLSTATE INDEMNITY CO 2,500 2,500 ALLSTATE INSURANCE CO 2,500 2,500 AMCO INSURANCE CO 4,883,643 6,452 16,166 9,714 AMERICAN ALTERNATIVE INSURANCE CORP 640,573 13,564 4,292 9,272 AMERICAN AUTOMOBILE INSURANCE CO 386,183 2,792 3,581 789 AMERICAN BUSINESS & PERSONAL INS MUTUAL 2,500 2,500 AMERICAN CASUALTY CO OF READING 6,132,926 14,954 19,661 4,707 AMERICAN COUNTRY INSURANCE CO 2,500 2,500 AMERICAN ECONOMY INSURANCE CO 1,220,809 6,582 5,916 666 AMERICAN EMPLOYERS INSURANCE CO 2,510 2,500 10 AMERICAN EUROPEAN INSURANCE CO 159,203 3,134 2,945 189 AMERICAN FIRE AND CASUALTY CO 4,042,700 10,828 13,812 2,984 AMERICAN FUJI FIRE & MARINE INSURANCE CO 2,500 2,500 AMERICAN GUARANTEE & LIABILITY INS CO 3,890,425 10,958 13,386 2,428 AMERICAN HARDWARE MUTUAL INSURANCE CO 96,351 2,898 2,770 128 AMERICAN HOME ASSURANCE CO 90,896,153 251,584 256,849 5,265 AMERICAN INSURANCE CO 1,959,087 9,628 7,982 1,646 AMERICAN INTERNATIONAL INSURANCE CO 2,500 2,500 AMERICAN INTERNATIONAL SOUTH INS CO 5,292,358 17,104 17,309 205 AMERICAN INTERSTATE INSURANCE CO 15,266,301 46,900 45,219 1,681 AMERICAN MINING INSURANCE CO 3,487,370 14,902 12,259 2,643 AMERICAN SAFETY CASUALTY INSURANCE CO 2,500 2,500 AMERICAN SELECT INSURANCE CO 6,862,694 14,100 21,703 7,603 AMERICAN STATES INSURANCE CO 1,946,665 7,310 7,947 637 AMERICAN STATES INSURANCE CO OF TEXAS 854,746 5,274 4,892 382 AMERICAN ZURICH INSURANCE CO 43,268,541 83,606 123,576 39,970 AMERIHEALTH CASUALTY INSURANCE CO 7,371,553 28,088 23,127 4,961

PENNSYLVANIA 2007 COMPENSATION ASSESSMENTS ADJUSTED 2007 BALANCE BALANCE PREMIUM MEMBERSHIP ASSESSMENTS DUE DUE BUREAU MEMBERS WRITINGS FEES PAID INC.MEM.FEE MEMBERS BUREAU (1) (2) (3) (4) (5) (6) AMERISURE MUTUAL INSURANCE CO 806,352 3,616 4,756 1,140 AMGUARD INSURANCE CO 8,054,864 34,518 25,039 9,479 ARCH INSURANCE CO 8,097,488 12,380 25,159 12,779 ARGONAUT GREAT CENTRAL INSURANCE CO 3,474,385 14,346 12,222 2,124 ARGONAUT INSURANCE CO 3,142,613 9,784 11,294 1,510 ARGONAUT-MIDWEST INSURANCE CO 1,593,116 10,730 6,958 3,772 ASSOCIATED INDEMNITY CORPORATION 343,432 5,136 3,461 1,675 ASSURANCE CO OF AMERICA 2,593,788 8,198 9,758 1,560 ATLANTIC MUTUAL INSURANCE CO 113,056 2,560 2,816 256 ATLANTIC SPECIALTY INSURANCE CO 320,348 6,548 3,396 3,152 ATLANTIC STATES INSURANCE CO 8,923,487 30,184 27,470 2,714 AUTOMOBILE INSURANCE CO OF HARTFORD CT 2,500 2,500 BALBOA INSURANCE CO 2,500 2,500 BANCINSURE INC 56,841 2,554 2,659 105 BANKERS STANDARD FIRE & MARINE CO -7,685 2,510 2,500 10 BANKERS STANDARD INSURANCE CO 1,035 2,684 2,503 181 BITUMINOUS CASUALTY CORPORATION 6,691,023 22,502 21,223 1,279 BITUMINOUS FIRE & MARINE INSURANCE CO 1,114,252 4,934 5,618 684 BLUE RIDGE INDEMNITY CO 2,500 2,500 BLUE RIDGE INSURANCE CO 2,500 2,500 BRETHREN MUTUAL INSURANCE CO 1,410,841 6,582 6,448 134 BROTHERHOOD MUTUAL INSURANCE CO 2,790,109 9,466 10,307 841 CAMDEN FIRE INSURANCE ASSOCIATION (THE) 2,514 2,500 14 CAPITAL CITY INSURANCE CO INC 2,500 2,500 CAROLINA CASUALTY INSURANCE CO 2,500 2,500 CENTENNIAL INSURANCE CO -1,278 2,636 2,500 136 CENTURY INDEMNITY CO 2,500 2,500 CHARTER OAK FIRE INSURANCE CO 10,917,482 23,464 33,050 9,586 CHEROKEE INSURANCE CO 297,400 2,916 3,332 416 CHUBB INDEMNITY INSURANCE CO 5,479,749 7,210 17,834 10,624 CHURCH MUTUAL INSURANCE CO 2,457,956 9,398 9,378 20 CINCINNATI CASUALTY CO 16,521,287 47,142 48,731 1,589 CINCINNATI INDEMNITY CO 11,478,079 36,152 34,618 1,534 CINCINNATI INSURANCE CO 25,825,915 74,534 74,767 233 CITIZENS INSURANCE CO OF AMERICA 61,947 2,584 2,673 89 CLARENDON NATIONAL INSURANCE CO 1,771 2,506 2,505 1 COLONY SPECIALTY INSURANCE CO 1,979,699 9,022 8,040 982 COMMERCE & INDUSTRY INSURANCE CO 29,246,014 131,102 84,338 46,764 COMPANION COMMERCIAL INSURANCE CO 2,500 2,500 COMPANION PROP & CASUALTY INSURANCE CO 42,473,731 124,678 121,352 3,326 CONTINENTAL CASUALTY CO 7,816,949 35,758 24,375 11,383 CONTINENTAL INDEMNITY CO 4,287,297 5,928 14,497 8,569 CONTINENTAL INSURANCE CO 110,196 2,828 2,808 20 CONTINENTAL WESTERN INSURANCE CO 5,619,313 9,192 18,224 9,032 CONVERIUM INSURANCE (NORTH AMERICA) INC 2,500 2,500 COREGIS INSURANCE CO 2,699 2,500 199 CRUM & FORSTER INDEMNITY CO 87,728 3,272 2,745 527 CUMBERLAND INSURANCE CO INC 1,366,160 6,878 6,323 555

PENNSYLVANIA 2007 COMPENSATION ASSESSMENTS ADJUSTED 2007 BALANCE BALANCE PREMIUM MEMBERSHIP ASSESSMENTS DUE DUE BUREAU MEMBERS WRITINGS FEES PAID INC.MEM.FEE MEMBERS BUREAU (1) (2) (3) (4) (5) (6) CUMIS INSURANCE SOCIETY INC 1,385,165 6,664 6,376 288 DAIMLER CHRYSLER INSURANCE CO 559 2,524 2,502 22 DALLAS NATIONAL INSURANCE CO 100,830 2,504 2,782 278 DEERFIELD INSURANCE CO 2,500 2,500 DELOS INSURANCE CO 1,217,562 2,500 5,907 3,407 DEPOSITORS INSURANCE CO 4,001,224 6,436 13,696 7,260 DISCOVER PROPERTY & CASUALTY INSUR CO 3,535,448 13,502 12,393 1,109 DONEGAL MUTUAL INSURANCE CO 17,123,373 58,710 50,416 8,294 EASTERN ALLIANCE INSURANCE CO 56,198,534 146,142 159,757 13,615 EASTGUARD INSURANCE CO 859,718 3,104 4,906 1,802 ELECTRIC INSURANCE CO 5,532,667 15,648 17,982 2,334 EMCASCO INSURANCE CO 1,606,262 5,168 6,995 1,827 EMPLOYERS FIRE INSURANCE CO 1,293,053 5,416 6,118 702 EMPLOYERS INSURANCE CO OF WAUSAU 9,428,834 29,878 28,884 994 EMPLOYERS MUTUAL CASUALTY CO 16,982,279 46,436 50,021 3,585 EMPLOYERS REINSURANCE CORP 877,808 4,398 4,956 558 ERIE INSURANCE CO 12,248,052 51,510 36,774 14,736 ERIE INSURANCE CO OF NEW YORK 11,498,515 37,718 34,676 3,042 ERIE INSURANCE EXCHANGE 107,863,825 300,648 304,329 3,681 ERIE INSURANCE PROPERTY/CASUALTY CO 3,665,382 15,906 12,757 3,149 ESSENTIA INSURANCE CO 2,500 2,500 EVEREST NATIONAL INSURANCE CO 1,805,300 6,436 7,552 1,116 EXCELSIOR INSURANCE CO 13,732,969 30,274 40,928 10,654 FAIRFIELD INSURANCE CO 124,133 4,204 2,847 1,357 FAIRMONT PREMIER INSURANCE CO 2,500 2,500 FAIRMONT SPECIALTY INSURANCE CO 2,500 2,500 FARMINGTON CASUALTY CO 5,446,967 3,248 17,742 14,494 FARMLAND MUTUAL INSURANCE CO -16,196 2,772 2,500 272 FEDERAL INSURANCE CO 22,424,088 88,634 65,249 23,385 FEDERATED MUTUAL INSURANCE CO 8,352,376 25,678 25,872 194 FEDERATED RURAL ELECTRIC INS EXCHANGE 758,449 4,826 4,622 204 FEDERATED SERVICE INSURANCE CO 917,193 3,260 5,067 1,807 FIDELITY & GUARANTY INS UNDERWRITERS INC 346,296 5,124 3,469 1,655 FIDELITY & GUARANTY INSURANCE CO 8,340,412 17,216 25,838 8,622 FIDELITY AND DEPOSIT CO OF MARYLAND 1,102,635 6,304 5,585 719 FIREMANS FUND INSURANCE CO 246,711 8,690 3,190 5,500 FIREMENS INSURANCE CO OF WASHINGTON DC 5,604,221 21,262 18,182 3,080 FIRST LIBERTY INSURANCE CORP 5,448,208 15,666 17,745 2,079 FIRST NATIONAL INSURANCE CO OF AMERICA 159,492 2,858 2,946 88 FIRST NONPROFIT INSURANCE CO 887,671 4,746 4,984 238 FIRSTCOMP INSURANCE CO 14,896,564 17,924 44,184 26,260 FIRSTLINE NATIONAL INSURANCE CO 857,208 5,158 4,899 259 FLAGSHIP CITY INSURANCE CO 7,072,294 58,850 22,290 36,560 FLORISTS INSURANCE CO 34,923 2,768 2,598 170 FLORISTS MUTUAL INSURANCE CO 1,569,581 7,374 6,892 482 FREEDOM ADVANTAGE INSURANCE CO 5,116,026 17,332 16,816 516 GENERAL CASUALTY CO OF WISCONSIN 2,522,223 12,016 9,558 2,458 GENERAL CASUALTY INSURANCE CO 473,859 3,312 3,826 514

PENNSYLVANIA 2007 COMPENSATION ASSESSMENTS ADJUSTED 2007 BALANCE BALANCE PREMIUM MEMBERSHIP ASSESSMENTS DUE DUE BUREAU MEMBERS WRITINGS FEES PAID INC.MEM.FEE MEMBERS BUREAU (1) (2) (3) (4) (5) (6) GENERAL INSURANCE CO OF AMERICA 13,315 2,500 2,537 37 GENESIS INSURANCE CO 6,665 3,430 2,519 911 GRANITE STATE INSURANCE CO 488,117 4,312 3,866 446 GRAPHIC ARTS MUTUAL INSURANCE CO 2,035,917 8,618 8,197 421 GREAT AMERICAN ALLIANCE INSURANCE CO 499,432 4,462 3,898 564 GREAT AMERICAN ASSURANCE CO 38,645 3,034 2,608 426 GREAT AMERICAN INSURANCE CO 26 2,500 2,500 GREAT AMERICAN INSURANCE CO OF NEW YORK 1,439,798 5,376 6,529 1,153 GREAT DIVIDE INSURANCE CO 1,018,794 5,092 5,351 259 GREAT NORTHERN INSURANCE CO 1,858,837 8,476 7,701 775 GREAT WEST CASUALTY CO 599,058 4,596 4,176 420 GREATER NEW YORK MUTUAL INSURANCE CO 192,451 2,916 3,039 123 GREENWICH INSURANCE CO 7,347 4,038 2,521 1,517 GUIDEONE MUTUAL INSURANCE CO 2,151,081 8,612 8,519 93 HANOVER INSURANCE CO 510,481 3,738 3,928 190 HARCO NATIONAL INSURANCE CO -1,049 2,538 2,500 38 HARFORD MUTUAL INSURANCE CO 1,547,293 7,016 6,830 186 HARLEYSVILLE INSURANCE CO 2,500 2,500 HARLEYSVILLE INSURANCE CO OF NEW JERSEY 3,395,697 12,818 12,002 816 HARLEYSVILLE MUTUAL INSURANCE CO 22,883,731 83,080 66,535 16,545 HARLEYSVILLE PREFERRED INSURANCE CO 10,895,647 19,132 32,989 13,857 HARLEYSVILLE WORCESTER INSURANCE CO 2,500 2,500 HARTFORD ACCIDENT & INDEMNITY CO 3,612,429 13,966 12,608 1,358 HARTFORD CASUALTY INSURANCE CO 4,962,826 24,026 16,387 7,639 HARTFORD FIRE INSURANCE CO 9,990,591 24,874 30,456 5,582 HARTFORD INSURANCE CO OF THE MIDWEST 29,222,670 87,534 84,272 3,262 HARTFORD INSURANCE CO OF THE SOUTHEAST -24,125 2,678 2,500 178 HARTFORD UNDERWRITERS INSURANCE CO 7,401,982 25,374 23,213 2,161 HIGHMARK CASUALTY INSURANCE CO 35,944,916 105,450 103,083 2,367 HM CASUALTY INSURANCE CO 2,500 2,500 HOUSING & REDEVELOPMENT INS EXCHANGE 9,550,837 27,166 29,226 2,060 ILLINOIS NATIONAL INSURANCE CO 5,672,644 19,478 18,373 1,105 IMPERIAL CASUALTY AND INDEMNITY CO 619,171 3,584 4,233 649 INDEMNITY INSURANCE CO OF NORTH AMERICA 12,848,958 32,876 38,455 5,579 INDIANA LUMBERMENS MUTUAL INSURANCE CO -238 2,500 2,500 INSURANCE CO OF GREATER NEW YORK -245,428 3,870 2,500 1,370 INSURANCE CO OF NORTH AMERICA / INA 2,626 2,500 126 INSURANCE CO OF THE STATE OF PA 25,339,957 77,092 73,407 3,685 INSURANCE CO OF THE WEST 149,582 2,500 2,919 419 LACKAWANNA AMERICAN INSURANCE CO 35,711,686 114,500 102,431 12,069 LACKAWANNA CASUALTY CO 22,845,659 48,930 66,428 17,498 LACKAWANNA NATIONAL INSURANCE CO 3,665,027 4,192 12,756 8,564 LANCER INSURANCE CO 2,500 2,500 LAUNDRY OWNERS MUTUAL LIABILITY INS ASSN 4,626,232 14,690 15,445 755 LAURIER INDEMNITY CO 24,717 2,868 2,569 299 LEBANON MUTUAL INSURANCE CO 1,986,559 7,316 8,059 743 LIBERTY INSURANCE CORPORATION 75,293,354 161,002 213,189 52,187 LIBERTY INSURANCE UNDERWRITERS INC 2,500 2,500

PENNSYLVANIA 2007 COMPENSATION ASSESSMENTS ADJUSTED 2007 BALANCE BALANCE PREMIUM MEMBERSHIP ASSESSMENTS DUE DUE BUREAU MEMBERS WRITINGS FEES PAID INC.MEM.FEE MEMBERS BUREAU (1) (2) (3) (4) (5) (6) LIBERTY MUTUAL FIRE INSURANCE CO 34,426,225 118,664 98,834 19,830 LIBERTY MUTUAL INSURANCE CO 5,155,489 56,742 16,926 39,816 LIBERTY MUTUAL MID-ATLANTIC INSURANCE CO 3,000 3,004 2,508 496 LINCOLN GENERAL INSURANCE CO 274,812 3,618 3,269 349 LM INSURANCE CORP -416,125 12,940 2,500 10,440 LUMBERMENS UNDERWRITING ALLIANCE 137,309 3,286 2,884 402 MANUFACTURERS ALLIANCE INSURANCE CO 26,551,028 113,472 76,797 36,675 MARKEL INSURANCE CO 2,500 2,500 MARYLAND CASUALTY CO 3,021,564 9,734 10,955 1,221 MASSACHUSETTS BAY INSURANCE CO 271,637 2,706 3,260 554 MEDMARC CASUALTY INSURANCE CO 2,500 2,500 MEMIC INDEMNITY CO 291,186 3,040 3,315 275 MERCER INSURANCE CO 418,207 3,716 3,670 46 MERCHANTS MUTUAL INSURANCE CO 1,500,402 6,302 6,698 396 MERCHANTS PREFERRED INSURANCE CO 28,554 2,500 2,580 80 MERIDIAN SECURITY INSURANCE CO 166,533 2,500 2,966 466 MID-CENTURY INSURANCE CO 2,500 2,500 MIDDLESEX INSURANCE CO 42,500 2,688 2,619 69 MIDWEST EMPLOYERS CASUALTY CO 365,704 2,778 3,523 745 MILLERS CAPITAL INSURANCE CO 2,721,528 11,678 10,115 1,563 MITSUI SUMITOMO INSURANCE CO OF AMERICA 940,102 5,424 5,131 293 MITSUI SUMITOMO INSURANCE USA INC 28,956 4,950 2,581 2,369 MONTGOMERY MUTUAL INSURANCE CO 2,500 2,500 MOTORISTS MUTUAL INSURANCE CO 6,606,771 16,406 20,987 4,581 MUTUAL BENEFIT INSURANCE CO 13,512,724 42,816 40,312 2,504 NATIONAL AMERICAN INSURANCE CO 125,140 2,500 2,850 350 NATIONAL FIRE INSURANCE CO OF HARTFORD 8,040,710 23,478 25,000 1,522 NATIONAL INTERSTATE INSURANCE CO 2,825,534 5,708 10,407 4,699 NATIONAL SURETY CORP 272,638 4,308 3,263 1,045 NATIONAL UNION FIRE INS OF PITTSBURGH 10,754,733 12,228 32,594 20,366 NATIONWIDE AGRIBUSINESS INSURANCE CO 2,527,766 8,334 9,573 1,239 NATIONWIDE MUTUAL FIRE INSURANCE CO 1,691,173 8,806 7,232 1,574 NATIONWIDE MUTUAL INSURANCE CO 8,148,362 28,198 25,301 2,897 NATIONWIDE PROPERTY/CASUALTY INSURANCE 9,762,133 27,458 29,817 2,359 NETHERLANDS INSURANCE CO 8,594,995 17,250 26,551 9,301 NEW HAMPSHIRE INSURANCE CO 32,086,307 35,062 92,285 57,223 NEW JERSEY MANUFACTURERS INS CO 5,969,880 17,944 19,205 1,261 NGM INSURANCE CO 8,106,376 23,366 25,184 1,818 NIPPONKOA INSURANCE CO LTD US BRANCH 5,086 2,506 2,514 8 NORGUARD INSURANCE CO 15,107,703 76,836 44,776 32,060 NORTH AMERICAN ELITE INSURANCE CO 2,500 2,500 NORTH AMERICAN SPECIALTY INSURANCE CO 12,721 2,510 2,536 26 NORTH RIVER INSURANCE CO 1,121,648 3,594 5,639 2,045 NORTHBROOK INDEMNITY CO 2,500 2,500 NORTHERN ASSURANCE CO OF AMERICA 2,500 2,500 NORTHERN INSURANCE CO OF NY 5,760,492 13,748 18,619 4,871 NOVA CASUALTY CO 2,947,207 5,862 10,747 4,885 OHIO CASUALTY INSURANCE CO 3,097,496 12,964 11,168 1,796

PENNSYLVANIA 2007 COMPENSATION ASSESSMENTS ADJUSTED 2007 BALANCE BALANCE PREMIUM MEMBERSHIP ASSESSMENTS DUE DUE BUREAU MEMBERS WRITINGS FEES PAID INC.MEM.FEE MEMBERS BUREAU (1) (2) (3) (4) (5) (6) OHIO FARMERS INSURANCE CO 2,526 2,500 26 OHIO SECURITY INSURANCE CO 3,878,162 13,104 13,352 248 OLD GUARD INSURANCE CO 2,548 2,500 48 OLD REPUBLIC GENERAL INSURANCE CORP 8,548,199 25,300 26,420 1,120 OLD REPUBLIC INSURANCE CO 77,968,590 269,618 220,676 48,942 ONEBEACON AMERICA INSURANCE CO 2,180,645 3,884 8,602 4,718 ONEBEACON INSURANCE CO 208,502 7,226 3,083 4,143 ORISKA INSURANCE CO 2,500 2,500 PACIFIC EMPLOYERS INSURANCE CO 2,540,828 5,978 9,610 3,632 PACIFIC INDEMNITY CO 8,502,466 19,314 26,292 6,978 PARAMOUNT INSURANCE CO 1,076,152 7,056 5,511 1,545 PATRIOT GENERAL INSURANCE CO 1,372,053 5,534 6,339 805 PEERLESS INDEMNITY INSURANCE CO 143,217 2,684 2,901 217 PEERLESS INSURANCE CO 10,019,194 39,498 30,536 8,962 PENINSULA INDEMNITY CO 284,708 2,906 3,297 391 PENN MILLERS INSURANCE CO 2,132,929 8,470 8,468 2 PENN NATIONAL SECURITY INSURANCE CO 14,553,250 31,464 43,224 11,760 PENNSYLVANIA GENERAL INSURANCE CO 2,538 2,500 38 PENNSYLVANIA LUMBERMENS MUTUAL INS CO 49,443 7,528 2,638 4,890 PENNSYLVANIA MANUFACTURERS ASSN INS CO 83,641,748 221,738 236,550 14,812 PENNSYLVANIA MANUFACTURERS INDEMNITY CO 32,781,679 60,148 94,231 34,083 PENNSYLVANIA NATIONAL MUTUAL CASUALTY 42,717,649 147,936 122,035 25,901 PENNSYLVANIA SURFACE COAL MINING INS EX 2,500 2,500 PHARMACISTS MUTUAL INSURANCE CO 2,781,822 10,298 10,284 14 PHOENIX INSURANCE CO 40,124,942 101,312 114,779 13,467 POTOMAC INSURANCE CO 2,500 2,500 PRAETORIAN INSURANCE CO 465,597 2,562 3,803 1,241 PREFERRED PROFESSIONAL INSURANCE CO 47,507 3,124 2,633 491 PRINCETON INSURANCE CO -1,689 2,500 2,500 PROTECTIVE INSURANCE CO 1,060,550 3,312 5,468 2,156 PUBLIC SERVICE MUTUAL INSURANCE CO 1,674,317 8,876 7,185 1,691 REDLAND INSURANCE CO 2,500 2,500 REGENT INSURANCE CO 743,130 3,898 4,579 681 REPUBLIC-FRANKLIN INSURANCE CO 769,755 3,508 4,654 1,146 ROCKWOOD CASUALTY INSURANCE CO 21,870,438 74,162 63,699 10,463 SAFECO INSURANCE CO OF AMERICA 2 2,500 2,500 SAFETY FIRST INSURANCE CO 3,277 2,508 2,509 1 SAFETY NATIONAL CASUALTY CORP 1,890,947 6,688 7,791 1,103 SEA BRIGHT INSURANCE CO 2,837,263 2,928 10,439 7,511 SECURA INSURANCE A MUTUAL CO 37,189 2,552 2,604 52 SELECT RISK INSURANCE CO 2,567,501 9,376 9,684 308 SELECTIVE INSURANCE CO OF AMERICA 32,183,148 104,448 92,556 11,892 SELECTIVE INSURANCE CO OF NEW YORK 2,500 2,500 SELECTIVE INSURANCE CO OF SOUTH CAROLINA 8,118,969 12,118 25,219 13,101 SELECTIVE INSURANCE CO OF THE SOUTHEAST 22,863,626 68,700 66,478 2,222 SELECTIVE WAY INSURANCE CO 4,246,409 11,412 14,382 2,970 SENECA INSURANCE CO INC 2,500 2,500 SENTINEL INSURANCE CO LTD 3,469,295 3,026 12,208 9,182

PENNSYLVANIA 2007 COMPENSATION ASSESSMENTS ADJUSTED 2007 BALANCE BALANCE PREMIUM MEMBERSHIP ASSESSMENTS DUE DUE BUREAU MEMBERS WRITINGS FEES PAID INC.MEM.FEE MEMBERS BUREAU (1) (2) (3) (4) (5) (6) SENTRY CASUALTY CO 2,500 2,500 SENTRY INSURANCE A MUTUAL COMPANY 6,943,022 26,814 21,928 4,886 SENTRY SELECT INSURANCE CO 4,012,082 20,014 13,727 6,287 SHARED SERVICES INSURANCE GROUP INC 2,500 2,500 SOMERSET CASUALTY INSURANCE CO 526,851 5,228 3,974 1,254 SOMPO JAPAN INSURANCE CO OF AMERICA 773,235 4,200 4,664 464 SOUTHERN INSURANCE CO OF VIRGINIA 1,764,538 4,416 7,438 3,022 SOUTHERN STATES INSURANCE EXCHANGE 143,477 2,890 2,901 11 SPARTA INSURANCE CO 2,500 2,500 ST PAUL FIRE & MARINE INSURANCE CO -122,213 22,386 2,500 19,886 ST PAUL GUARDIAN INSURANCE CO 30,830 3,310 2,586 724 ST PAUL MERCURY INSURANCE CO 25,627 7,150 2,572 4,578 ST PAUL PROTECTIVE INSURANCE CO 8,462 2,948 2,524 424 STANDARD FIRE INSURANCE CO 1,571,479 3,598 6,897 3,299 STAR INSURANCE CO 5,470,395 21,450 17,807 3,643 STARNET INSURANCE CO 2,500 2,500 STATE AUTO PROPERTY & CASUALTY INSURANCE 1,456,753 5,386 6,576 1,190 STATE AUTOMOBILE MUTUAL INSURANCE CO 4,806,946 15,250 15,951 701 STATE FARM FIRE & CASUALTY CO 9,136,329 30,894 28,066 2,828 STATE WORKERS INSURANCE FUND 366,126,205 1,113,444 1,027,011 86,433 STRATHMORE INSURANCE CO 2,500 2,500 SYNERGY COMP INSURANCE CO 4,262,455 4,300 14,427 10,127 T H E INSURANCE CO 187,973 3,358 3,026 332 TECHNOLOGY INSURANCE CO 25,591,273 67,808 74,111 6,303 TIG INDEMNITY CO 2,500 2,500 TIG INSURANCE CO 2,500 2,500 TOKIO MARINE & NICHIDO FIRE INS CO LTD 575,039 6,132 4,109 2,023 TOWER INSURANCE CO OF NEW YORK 307,703 2,500 3,361 861 TOWER NATIONAL INSURANCE CO 242,350 2,500 3,178 678 TRANS PACIFIC INSURANCE CO 200,926 3,088 3,062 26 TRANSCONTINENTAL INSURANCE CO 9,408 2,500 6,908 TRANSGUARD INSURANCE CO OF AMERICA INC 424,176 7,770 3,687 4,083 TRANSPORT INSURANCE CO 2,500 2,500 TRANSPORTATION INSURANCE CO 5,604,987 17,508 18,184 676 TRAVELERS CASUALTY & SURETY CO 4,191,962 16,182 14,230 1,952 TRAVELERS CASUALTY & SURETY CO OF AMER 2,500 2,500 TRAVELERS CASUALTY CO OF CONNECTICUT 1,347,980 8,398 6,272 2,126 TRAVELERS CASUALTY INS CO OF AMERICA 6,544,276 4,456 20,812 16,356 TRAVELERS COMMERCIAL INSURANCE CO 2,500 2,500 TRAVELERS INDEMNITY CO 6,757,904 13,702 21,410 7,708 TRAVELERS INDEMNITY CO OF AMERICA 12,227,084 28,168 36,714 8,546 TRAVELERS INDEMNITY CO OF CONNECTICUT 2,603,589 16,116 9,785 6,331 TRAVELERS PROPERTY CASUALTY CO OF AMER 6,249,776 25,272 19,988 5,284 TRUCK INSURANCE EXCHANGE 124,333 3,078 2,848 230 TRUMBULL INSURANCE CO 14,111,592 40,974 41,988 1,014 TWIN CITY FIRE INSURANCE CO 43,408,948 140,028 123,970 16,058 ULLICO CASUALTY CO 594,649 4,008 4,164 156 UNION INSURANCE CO 2,099,595 5,700 8,375 2,675

PENNSYLVANIA 2007 COMPENSATION ASSESSMENTS ADJUSTED 2007 BALANCE BALANCE PREMIUM MEMBERSHIP ASSESSMENTS DUE DUE BUREAU MEMBERS WRITINGS FEES PAID INC.MEM.FEE MEMBERS BUREAU (1) (2) (3) (4) (5) (6) UNITED NATIONAL INSURANCE CO 2,500 2,500 UNITED STATES FIDELITY & GUARANTY CO 5,394,474 14,504 17,595 3,091 UNITED STATES FIRE INSURANCE CO 9,676,376 29,860 29,577 283 UNITED STATES LIABILITY INSURANCE CO 2,500 2,500 UNITED WISCONSIN INSURANCE CO 202,206 2,568 3,066 498 UNIVERSAL UNDERWRITERS INSURANCE CO 817,935 9,250 4,789 4,461 US SPECIALTY INSURANCE CO 112,298 3,004 2,814 190 UTICA MUTUAL INSURANCE CO 753,104 3,994 4,607 613 VALIANT INSURANCE CO 2,675 4,290 2,507 1,783 VALLEY FORGE INSURANCE CO 10,674,258 19,410 32,369 12,959 VANLINER INSURANCE CO 1,899,676 9,924 7,816 2,108 VIGILANT INSURANCE CO 3,373,267 14,742 11,939 2,803 VIRGINIA SURETY CO INC 1,609,351 30,424 7,003 23,421 WAUSAU BUSINESS INSURANCE CO 14,344,694 33,638 42,640 9,002 WAUSAU UNDERWRITERS INSURANCE CO 23,645,016 51,824 68,664 16,840 WESCO INSURANCE CO 1,997,442 2,526 8,089 5,563 WEST AMERICAN INSURANCE CO 2,833,159 10,090 10,428 338 WESTCHESTER FIRE INSURANCE CO 2,500 2,500 WESTFIELD INSURANCE CO 17,142,805 53,876 50,470 3,406 WESTFIELD NATIONAL INSURANCE CO 5,273,768 27,338 17,257 10,081 WESTGUARD INSURANCE CO 752,061 3,726 4,604 878 WESTPORT INSURANCE CORPORATION 3,582,213 23,338 12,524 10,814 WILLIAMSBURG NATIONAL INSURANCE CO -5,317 2,582 2,500 82 WORK FIRST CASUALTY CO 143,507 2,504 2,902 398 XL INSURANCE AMERICA INC 2,500 2,500 XL SPECIALTY INSURANCE CO 4,379,614 12,238 14,755 2,517 ZENITH INSURANCE CO 26,964,914 62,736 77,954 15,218 ZURICH AMERICAN INSURANCE CO 99,738,343 235,016 281,592 46,576