Analyst Recommendation for Baldwin & Lyons Cl B (BWINB)

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Date:	May 12, 2008
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Pages:	4
Document Type:	Adobe Acrobat Reader
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Analyst Information for Baldwin & Lyons Inc.

After Hours: $ 19.65

0.01 (+0.05%)

Volume: 300

4:02 PM EDT Aug 21, 2008

Consensus Rating Average

Consensus Rating for BWINB is HOLD

Since many brokers have different rating systems, we maintain a standard system with an assigned numeric value from 1 to 5. Ratings are a translation of brokers' recommendations to the recommendation scale, which ranges from a rating of 1 (a strong buy) to a rating of 5 (a strong sell).

Rating Scale

	Strong Buy	1.0 - 1.5
	Moderate Buy	1.6 - 2.5
	Hold	2.6 - 3.5
	Moderate Sell	3.6 - 4.5
	Strong Sell	4.6 - 5.0

Consensus Rating Details

Current Average Recommendation	3.00
Previous Average Recommendation	3.00
Change in Average Recommendation	0.00
Number of Analysts Reporting	1

Strong Buy
1.0

Current: 3.00

Previous: 3.00

Change: 0.00

Strong Sell
5.0

Consensus Rating Industry Comparison

Industry: INS-PROP&CASLTY
Number of companies in industry with recommendations	80
Rank Recommendation relative to companies in its industry	69

Ranked 69 in Industry

180 INS-PROP&CASLTY

Analyst Recommendations

Analysts recommending Strong Buy	0
Analysts recommending Moderate Buy	0
Analysts recommending Hold	1
Analysts recommending Moderate Sell	0
Analysts recommending Strong Sell	0

Recommendations History

	Current	1 Month Ago	2 Months Ago	3 Months Ago
Strong Buy	0	0	0	0
Moderate Buy	0	0	0	0
Hold	1	1	1	1
Moderate Sell	0	0	0	0
Strong Sell	0	0	0	0
Mean Rec.	3.00	3.00	3.00	3.00

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