Baldwin & Lyons Inc. announced that at its regular quarterly meeting on November 3, 2009, the Board of Directors of the company, declared a regular quarterly dividend of $0.25 per share on the company's class A and class B common stock. The dividend will be payable on December 1, 2009 to shareholders of record on November 17, 2009.

Baldwin & Lyons Inc., Board Meeting, Nov 03, 2009 Agenda: To consider regular quarterly on Class A and Class B Common Stock.

Baldwin & Lyons Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company reported total revenue of $65.4 million compared to $33.0 million for the same period last year. Net income was $14.3 million or $0.97 per share compared to a net loss of $7.2 million or $0.48 per share for the year earlier period. Operating income, defined as net income before investment gains and losses, was $4.3 million or $0.29 per share as compared to $3.7 million or $0.21 per share for the third quarter of 2008. For the first nine months of 2009, net income of $33.9 million or $2.30 per share, represents record nine month net income and compares to a net loss of $5.6 million or $0.37 per share, in the 2008 period. Operating income for the current year increased to $16.5 million or $1.12 per share from $15.5 million or $1.03 per share in 2008. Total revenue was $171.8 million compared to $119.2 million for the same period last year.