Baldwin & Lyons, Inc.
Period Ending Dec 31, 2013 Dec 31, 2012 Dec 31, 2011 Dec 31, 2010
Total Revenue 290,972 262,124 243,594 249,469
Cost of Revenue 150,701 138,088 215,555 145,952
Gross Profit 140,271 124,036 28,039 103,517
Operating Expenses
Research and Development - - - -
Sales, General and Admin. - - - -
Non-Recurring Items - - - -
Other 85,361 77,430 73,328 68,704
Operating Income 54,910 46,606 (45,289) 34,813
Income From Continuing Operations
Add'l Income/Expense Items - - - -
Earnings Before Interest and Tax 54,910 46,606 (45,289) 34,813
Interest Expense - - - -
Earnings Before Tax 54,910 46,606 (45,289) 34,813
Income Tax 18,322 14,687 (17,114) 9,798
Minority Interest - - - -
Equity Earnings Unconsolidated Subsidiary - - - -
Net Income Cont. Operations 36,588 31,919 (28,175) 25,015
Non Recurring Events
Discontinued Operations - - - -
Extraordinary Items - - - -
Effect of Accounting Changes - - - -
Other Items - - - -
Net Income 36,588 31,919 (28,175) 25,015
Preferred Stock and Other Adjustments - - - -
Net Income Applicable to Common Shareholders 36,588 31,919 (28,175) 25,015