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Recent Events

Aug 14

Earnings Announcement

Location

1000 Lenox Drive
Lawrenceville, NJ 08648

Phone: (609) 896-1921
Fax: (713) 952-9977
Email: investorrelations@highlandsins.com

Employees (last reported count): 912

Financial Links

·Top Institutional Holders
·Top Mutual Fund Holders
·Historical Quote Data
·Raw SEC Filings at sec.gov

Competitors:
·Sector: Financial
·Industry: Insurance (Prop. & Casualty)

Company Websites

·Home Page
·Investor Relations
·Yahoo! Category

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Ownership

·	Insider and 5%+ Owners: 73%
·	Institutional: 61% (225% of float) (68 institutions)
·	Net Inst. Buying: 1.61M shares (+16.54%) (prior quarter to latest quarter)

More From Market Guide

·Highlights
·Performance
·Ratio Comparisons

Business Summary

Highlands Insurance Group, Inc. is an insurance holding company that, through its subsidiaries, is engaged in the property and casualty insurance business. The Company's principal product lines include commercial multiple-peril, workers' compensation, commercial automobile, homeowners' multiple-peril and fire, general liability, personal automobile, inland marine and other. The Company's principal subsidiaries are Highlands Insurance Company, Northwestern National Casualty Company and Pacific National Insurance Company. The Company, which is licensed in all 50 states and the District of Columbia, writes primarily property and casualty insurance for commercial customers and certain personal lines. Its commercial policyholders consist of small to medium-sized customers, such as retailers, wholesalers, contractors and service businesses.

More from Market Guide: Expanded Business Description

Financial Summary

Highlands Insurance Group is an insurance holding company whose subsidiaries are principally engaged in the writing of property and casualty insurance for commercial customers and certain personal lines. For the three months ended 3/31/01, total revenues rose 47% to $143.9 million. Net loss totaled $14.7 million vs. an income of $2 million. Results reflect growth in the core commercial and personal lines, offset by a higher loss ratio due to additional reserves.

Recent Earnings Announcement
For the 3 months ended 06/30/2001, after tax earnings were -19,800. (Preliminary; reported in thousands of dollars.)

More from Market Guide: Significant Developments

Officers

[Insider Trade Data]

	FY2000 Pay

Willis King, Jr., 57 Chairman, CEO	$670K
John Cowley, 54 Pres, COO	404K
Charles Bachand, 48 VP, Treasurer	246K
Stephen Kibblehouse, 45 VP, Gen. Counsel, Sec.	211K
Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc..

More from Market Guide on Officers & Directors:
Expanded List, Bios, Compensation, Options

Statistics at a Glance -- NYSE:HIC

As of 31-Aug-2001

Price and Volume
52-Week Low on 6-Apr-2001	$`1.20`
Recent Price	$`3.57`
52-Week High on 5-Oct-2000	$`9.625`
Beta	`0.82`
Daily Volume (3-month avg)	`49.1K`
Daily Volume (10-day avg)	`58.0K`
Stock Performance
big chart [1d \| 5d \| 3m \| 6m \| 1y \| 2y \| 5y \| max]
52-Week Change	`-60.1%`
52-Week Change relative to S&P500	`-46.4%`
Share-Related Items
Market Capitalization	$`47.2M`
Shares Outstanding	`13.2M`
Float	`3.60M`
Dividends & Splits
Annual Dividend	none
Last Split	none

Per-Share Data
Book Value (mrq*)	$`12.77`
Earnings (ttm)	-$`11.08`
Earnings (mrq)	-$`1.50`
Sales	N/A
Cash (mrq*)	$`10.22`
Valuation Ratios
Price/Book (mrq*)	`0.28`
Price/Earnings	N/A
Price/Sales	N/A
Income Statements
Sales	N/A
EBITDA	N/A
Income available to common (ttm)	-$`146.6M`
Profitability
Profit Margin	N/A
Operating Margin (ttm)	`-11.2%`
Fiscal Year
Fiscal Year Ends	Dec 31
Most recent quarter (fully updated)	31-Mar-2001
Most recent quarter (flash earnings)	30-June-2001

Management Effectiveness
Return on Assets (ttm)	`-7.37%`
Return on Equity (ttm)	`-65.71%`
Financial Strength
Current Ratio	N/A
Debt/Equity (mrq*)	`0.64`
Total Cash (mrq)	$`0`
Short Interest As of 8-Aug-2001
Shares Short	`169.0K`
Percent of Float	`4.7%`
Shares Short (Prior Month)	`167.0K`
Short Ratio	`5.28`
Daily Volume	`32.0K`

See Profile Help for a description of each item above; K = thousands; M = millions; mrq = most-recent quarter; ttm = trailing twelve months; (as of 30-June-2001, except mrq*/ttm* items as of 31-Mar-2001)

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