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  (1) Net of cumulative Company distributions/dividends to common shareholders totaling $3.25 per share and $3.00 per share as of March 31, 2021 and December 31, 2020, respectively. (2) Shareholders’ equity includes $4 million of series A cumulative fixed rate preferred shares. (3) Including receivable/(payable) for securities sold/(purchased). Selected Financial Data for the Three Months Ended March 31, 2021: Underwriting income/(loss) – ($1.4) million in 2021 compared to $10.6 million in 2020. The decrease in underwriting income is primarily due to catastrophes, mainly from Texas winter storms, as well as an increase in the frequency and severity of property non-catastrophe losses. Gross written premiums and net written premiums increased 5.0% and 6.2%, respectively. Investment income – $9.8 million in 2021 compared to $10.1 million in 2020. The reduction in investment income is primarily due to a decrease in yield within the fixed maturities portfolio, a smaller inv

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