IPCR: IPC Holdings, Limited Yearly Stock Returns

Year	Beginning Price	Ending Price	Gain or Loss	Percent Gain or Loss
1997	22.375	32.1875	9.8125	43.85%
1998	32.1875	23.1875	-9.00	-27.96%
1999	23.1875	14.875	-8.3125	-35.85%
2000	14.875	21.00	6.125	41.18%
2001	21.00	29.60	8.60	40.95%
2002	29.60	31.54	1.94	6.55%
2003	31.54	38.90	7.36	23.34%
2004	38.90	43.51	4.61	11.85%
2005	43.51	27.38	-16.13	-37.07%
2006	27.38	31.45	4.07	14.86%
2007	31.45	28.87	-2.58	-8.20%
2008	28.87	29.90	1.03	3.57%
2009	29.90	33.70*	3.80	12.71%

*The 2009 ending price for IPC Holdings is the .9727 shares of VR ($26.94 value on 12-31-09) + $7.50 in cash shareholders received.

Calculations do not reflect any dividends paid or any stock spinoffs from original stock. Taxes and commissions are not factored into calculations. Data is property of 1stock1 and written permission must be granted before redistributing any data (in part or in whole).