PROXY CORNER: Baldwin & Lyons Inc.

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Baldwin & Lyons Inc., 1099 N. Meridian St., Indianapolis, 46204 (www.baldwinandlyons.com) markets and underwrites property and casualty insurance. The company acts as an agent and broker, and provides casualty, inland marine, property and other types of insurance. For the quarter ended March 31, the company reported net income of $545,000, or 4 cents per diluted share, on $59.13 million in revenue. Those totals compare with net income of $5.44 million, or 37 cents per diluted share, on $47.76 million in revenue during the same period a year ago. The company’s shares trade on the NASDAQ under BWINA and BWINB. Information for Proxy Corner was taken from its proxy dated April 1, 2010, and from Yahoo! Finance.

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