Why Southern Oak? Why Southern Oak? Proven Record of Success Southern Oak Insurance Company is a Florida domiciled insurance company established in December 2004 to provide Florida residential coverage. It is a privately held company 100% wholly owned by Florida residents with home offices in Jacksonville. The core strength of Southern Oak is its knowledge and understanding of the Florida Property Insurance Market with members of its executive team having over 100 years of experience in Florida’s insurance market place. Southern Oak is defined by its steady and managed business approach as evidenced by the fact that Southern Oak has grown its surplus each year, ending 2009 with $15 million, a four million dollar increase from 2008. What’s Important to You? Key Ratios and Surplus For Agents: Financial Stability Rating® from Demotech of “A” (Exceptional) Means we possess Exceptional financial stability by maintaining a positive surplus and have the ability to insulate ourselves, our agents and our policyholders from general economic downturn or deterioration in the insurance cycle. Uniquely Qualified Executive Team - Over 100 years of experience in Florida’s insurance market place. We are committed to protecting Florida’s families and their property from a loss. State-of-the-art Systems – Utilizing technology for features such as online quoting, endorsements and bill payment, increases productivity and delivers superior customer service. For Policyholders: Compassionate Claims Service – Report claims 24 hours a day, 365 days a year for speedy and professional responses from some of the most experienced and qualified adjusters in the industry. Online Access – Make premium payments via credit card, contact your agent, check billing, and Go Green! by viewing and receiving policy documents electronically via our Policyholder Portal. SOI NAIC Benchmark Gross Written Premium Ratio 5.8:1 < 9:1 Net Written Premium Ratio 2.41:1 < 3:1 Ratio “Southern Oak has grown its surplus each year, ending 2009 with $15 million, a four million dollar increase from 2008.” We also write flood business! Southern Oak Insurance Company Toll Free Customer Service 877.900.3971 Toll Free Claims Service 877.900.2280 www.southernoakins.com Reinsurance to Protect Your Customers and Their Assets Our conservative use of companies with an A.M. Best rating of A- or better protects policyholders by protecting the company’s surplus in the event of a catastrophe. Reinsurance Program Southern Oak Insurance Company Reinsurers 2010 AM Best Rating S&P Rating Renaissance Reinsurance Ltd. A+ AA- Da Vinci Reinsurance Ltd A A+ Juniperus (through Hanover Rueck) A AA- Flagstone Reinsurance Company Ace Tempest Re Ltd. AA+ A+ Montpelier Re Ltd A- A- XL Re Ltd. Ag A Ariel Reinsurance Company Ltd. A- Validus Re A- Arch Re Ltd. A Reinsurer Torus Coverage for two storms up to a 114 yr. event Additional Aggregate Coverage for multiple storms after first two storms Reinsurers Coverage from AM Best Rated A- or better companies Coverage Options HO 3 A A-g Canopius Underwriting Our 2010 program contains the following: $318.5 million in Coverage HO 4 HO 6 DP 3 Cov A – Dwelling Max $1,500,000 N/A $300,000 $500,000 Min $70,000 N/A $1,000 incl. $70,000 A A+ Partner Re A+g AA- Odyssey America Ag A- Everest Reinsurance Company A+g A+ Transatlantic Re Ag A+ Lloyd's Syndicate No. 2001 AML A A+ Amlin (BDA) A A Lloyd's Syndicate No. 1414 ASC A A+ Lloyd's Syndicate No. 958 GSC A A+ Lloyd's Syndicate No. 0435 FDY A A+ Omega Specialty A- Lloyd's Syndicate No. 566 STN A A+ Lloyd's Syndicate No. 0033 HIS A A+ Lloyd's Syndicate No. 2010 MMX A A+ Lloyd's Syndicate No. 0780 ADV A A+ Lloyd's Syndicate No. 1955 BAR A A+ Lloyd's Syndicate No. 1301 BGT A A+ Lloyd's Syndicate No. 1225 AES A A+ Lloyd's Syndicate No. 2007 NVA A A+ Lloyd's Syndicate No. 7272 SAM A A+ Max $5,000 $5,000 $5,000 $2,000 Lloyd's Syndicate No. 2623 AFB A A+ Min $2,000 $2,000 $2,000 $0 Lloyd's Syndicate No. 609 AUW A A+ Lloyd's Syndicate No. 623 AFB A A+ Cov B – Other Structures Max 30% of Cov A N/A N/A Min 10% of Cov A N/A N/A Cov C - Contents Max 70% of Cov A $150,000 $300,000 Min  0% of Cov A $6,000 $6,000 50% of Cov A  0% of Cov A Cov D - Loss of Use (HO)/Fair Rental Value (DP3) Min/ Max 10% of Cov A 15% with Premier End 10% of Cov C 20% of Cov C 10% of Cov A Cov E - Liability (HO)/Cov L - Liability (DP3) Max $300,000 $500,000 with Premier End $300,000 $300,000 $300,000 Min $100,000 $100,000 $100,000 $0 Cov F – Med Pay (HO)/Cov M - Med Pay (DP3)  Optional Premier Homeowner Endorsement— Available for values exceeding $750,000  Contents Coverage Exclusion—form required Southern Oak Insurance Company Toll Free Customer Service 877.900.3971 30% of Cov A 10% of Cov A Toll Free Claims Service 877.900.2280 www.southernoakins.com