When did SCPIE Holdings Inc. go public?
SCPIE went public in January 1997 in an initial public offering underwritten by Salomon Brothers. The offering price was $18.25 per share for 2.3 million shares, raising net proceeds to the company of approximately $36.4 million.

Where is SCPIE's stock traded?
SCPIE's shares are traded on the New York Stock Exchange under the symbol "SKP." Most newspaper stock tables list the company's stock as "SCPIE."

Does SCPIE pay a dividend?
Not at this time. SCPIE suspended its regular quarterly cash dividend beginning the first quarter 2004. The company’s Board of Directors decided to take this action as a step toward strengthening SCPIE’s balance sheet. The Board of Directors determines whether to pay a dividend each quarter based on the earnings and financial position of the company.

Prior to the first quarter 2004, SCPIE paid a cash dividend to stockholders each quarter since the company went public in January 1997. Through the years, the quarterly cash dividend rose from $.05 per share to $.10 per share.

How do I replace a lost stock certificate?
You should contact SCPIE's transfer agent, Mellon Investor Services LLC (www.melloninvestor.com), at 800/953-2491. Mellon will send you an affidavit of loss. When the signed copy is returned, a new stock certificate will be reissued, a process that generally takes a few weeks.

I'm a SCPIE policyholder. Does that make me a SCPIE stockholder, too?
Policyholders at the time of the initial public offering in January 1997 became stockholders in SCPIE Holdings Inc. by virtue of the company's transformation from a mutual insurance company, owned by its policyholders, to a publicly owned company. If you have became a policyholder since the IPO, you have to separately acquire SCPIE shares in order to also be a SCPIE stockholder.

Does SCPIE have a program to buy shares directly from odd-lot holders?
No. At this time, SCPIE only repurchases shares in the open market. If you want to sell your shares, you should contact your stockbroker or other investment adviser.

Does SCPIE have a Dividend Reinvestment Plan?
No. Cash dividends are paid to shareholders in the form of quarterly checks.