1
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) SEPTEMBER 11, 2001
------------------
BALDWIN & LYONS, INC.
---------------------
(Exact name of registrant as specified in its charter)
INDIANA 0-5534 35-0160330
------- ------ ----------
(State or other jurisdiction of(Commission (IRS Employer
incorporation or organization)File Number Identification No.)
1099 NORTH MERIDIAN STREET, INDIANAPOLIS, INDIANA 46204
------------------------------------------------------
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (317) 636-9800
--------------
N/A
---
(Former name of former address, if changed since last report.)
Item 5. OTHER EVENTS
------------
Baldwin & Lyons, Inc., through its subsidiary, Protective Insurance Company,
assumes reinsurance from other insurance and reinsurance companies. As a result
of the September 11, 2001 terrorist attacks on the World Trade Center, the
Pentagon and the related occurrence near Pittsburgh, Pennsylvania, preliminary
estimates indicate a pre-tax loss to Protective of $20 million from its assumed
reinsurance participations. The loss, after tax, equates to a $1.07 or 4.4%
reduction in book value per share.
1
2
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
BALDWIN & LYONS, INC.
September 28, 2001 By /s/ Gary W. Miller
------------------------
Gary W. Miller, Chairman
and CEO
(Chief Operating Officer)
2