stonetrust

KEY FINANCIAL RESULTS

STONETRUST

*Policy Year*	*Gross Premium Income*	*Net Income*	Ultimate Loss Ratio*
7/1/2000 - 12/31/2000**	$2,893,320	$411,475	49.60%
1/1/2001 - 12/31/2001	$5,936,961	$942,285	38.74%
1/1/2002 - 12/31/2002	$9,803,830	$643,885	56.61%
1/1/2003 - 12/31/2003	$15,899,691	$917,578	54.09%
1/1/2004 - 12/31/2004	$17,926,022	$1,611,459	51.88%
1/1/2005- 12/31/2005	$21,598,640	$859,993	56.02%
1/1/2006 - 12/31/2006	$28,297,684	$1,038,890	48.77%
1/1/2007 - 12/31/2007	$30,132,261	$2,117,725	49.78%
Stonetrust Totals:	$132,488,409	$8,543,290	51.39%

LACE-SIF

*Policy Year*	*Gross Premium Income*	*Net Income*	Ultimate Loss Ratio*
7/1/1993 - 6/30/1994	$1,126,096	$131,490	53.82%
7/1/1994 - 6/30/1995	$4,297,607	$908,785	49.93%
7/1/1995 - 6/30/1996	$5,680,488	$1,584,256	43.87%
7/1/1996 - 6/30/1997	$6,355,459	$1,276,632	47.53%
7/1/1997 - 6/30/1998	$6,431,374	$906,045	50.83%
7/1/1998 - 6/30/1999	$6,079,635	$1,794,564	34.67%
7/1/1999 - 6/30/2000	$5,784,527	$915,634	52.15%
LACE-SIF Totals:	$35,755,186	$7,517,406	46.59%

LACE-SIF and Stonetrust combined:

$168,243,595

$16,060,696

50.37%

*Ultimate Loss Ratio = undiscounted actuarial projected losses and Loss Adjustment
Expense/Gross Premium Income as of 12/31/2007.
**Six month year

RATING

The Stonetrust Commercial Insurance Company is an admitted company, rated B+ (Very Good) by A.M. Best. According to A.M. Best, “Disciplined underwriting and the application of loss control initiatives have enabled the Company to achieve sound operating performance, strong operating cash flows and solid liquidity measures. The Company’s balance sheet strength is supported by a portfolio of low risk investments, conservative reserving practices and a low utilization of reinsurance to support operations.”

Reinsurance is with Swiss Re, rated A++ (Superior) by A.M. Best. Swiss Re is part of an insurance group with a combined policyholder surplus of $16 billion. The Swiss Re group is the second largest reinsurer in the world.