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United America Indemnity, Ltd. Reports Third Quarter 2007 Results and Share Repurchase Program
Date:10/24/2007

558 66,877 55,313 52,227

Wind River 6,872 3 4,324 3

Total $140,915 $167,862 $122,568 $145,654

Penn-America: Gross premiums written and net premiums written decreased 33.2% and 32.6%, respectively, compared with the third quarter of 2006. The decrease in gross and net premiums written primarily resulted from increased competition from both surplus lines and standard carriers and the cancellation of business that did not meet our profitability standards.

United National: Gross premiums written decreased 0.5% and net premiums written increased 5.9% compared with the third quarter of 2006.

Programs - Gross premiums written and net written premiums decreased 5.9% and 0.7%, respectively, compared with the third quarter of 2006. The reduction in gross premiums written primarily related to a decrease in a 100% reinsured property program. The decline in net premiums written is primarily due to reductions in non-owned auto business.

Specialty Brokerage - Gross premiums written and net premiums written increased 24.4% and 39.7% respectively, compared with the third quarter of 2006. The increase in gross and net premiums written related primarily to growth in the Company's property and allied health brokerage products.

Wind River Reinsurance Company, Ltd. ("Wind River"): Gross premiums written and net premiums written increased $6.9 million and $4.3 million, respectively, compared with the third quarter of 2006. The increase in gross and net premiums written resulted from Wind River having entered into two third-party reinsurance treaties effective January 1, 2007 and an additional third-party treaty effective June 1, 2007. During the third quarter of 2006, Wind River did not bind third-party reinsurance products.

United America Indemnity's Nine Months Ended September 30, 2007 Results

United America Indemnity's operating income for th
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SOURCE United America Indemnity, Ltd.
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