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Filed	As-Of/On	Form	FullName
Symbol	Country	Industry	Shares
Activity	Shares Change	Shares Change Pct.	Hypothetical Old Value
Hypothetical New Value	Hypothetical Value Change	Hypothetical Return	Hypothetical Results
Director	Ten Pct	Other	Officer
Officer Title	History

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Holdings/Transactions

Filed	As-Of/On	Form	Fullname	Symbol	Country	Industry	Shares	Activity	Shares Change	Shares Pct. Change	Hypothetical Old Value	Hypothetical New Value	Hypothetical Value Chg.	Hypothetical Return	Hypothetical Results	Director	Other	Ten Pct	Officer	Officer Title	History
2009-10-05	2009-09-30	13F-HR	Proassurance Corp	PRA	US	Property/Casualty Ins	8,200	No Change	0	0 %	$423,284	$445,096	$21,812	5.15 %	$0						History of Denali Advisors Llc Ownership Of Proassurance Corp
2009-07-08	2009-06-30	13F-HR	Proassurance Corp	PRA	US	Property/Casualty Ins	8,200	No Change	0	0 %	$373,346	$445,096	$71,750	19.21 %	$0						History of Denali Advisors Llc Ownership Of Proassurance Corp
2009-04-02	2009-03-31	13F-HR	Proassurance Corp	PRA	US	Property/Casualty Ins	8,200	No Change	0	0 %	$396,306	$445,096	$48,790	12.31 %	$0						History of Denali Advisors Llc Ownership Of Proassurance Corp
2009-01-09	2008-12-31	13F-HR	Proassurance Corp	PRA	US	Property/Casualty Ins	8,200	Added More	1,200	17.14 %	$403,768	$445,096	$41,328	10.23 %	$6,048						History of Denali Advisors Llc Ownership Of Proassurance Corp
2008-10-01	2008-09-30	13F-HR	Proassurance Corp	PRA	US	Property/Casualty Ins	7,000	Sold Some	-1,600	-18.60 %	$385,490	$379,960	$-5,530	-1.43 %	$1,264						History of Denali Advisors Llc Ownership Of Proassurance Corp
2008-07-23	2008-06-30	13F-HR	Proassurance Corp	PRA	US	Property/Casualty Ins	8,600	No Change	0	0 %	$422,174	$466,808	$44,634	10.57 %	$0						History of Denali Advisors Llc Ownership Of Proassurance Corp
2008-04-08	2008-03-31	13F-HR	Proassurance Corp	PRA	US	Property/Casualty Ins	8,600	Added More	7,800	975.00 %	$460,100	$466,808	$6,708	1.45 %	$6,084						History of Denali Advisors Llc Ownership Of Proassurance Corp
2008-01-17	2007-12-31	13F-HR	Proassurance Corp	PRA	US	Property/Casualty Ins	800	New Holding	800	100 %	$43,784	$43,424	$-360	-0.82 %	$-360						History of Denali Advisors Llc Ownership Of Proassurance Corp
2004-02-19	2003-12-31	13F-HR	Proassurance Corp	PRA	US	Property/Casualty Ins	0	Sold All	-9,780	-100 %	-	-	-	78.96 %	$-234,231						History of Denali Advisors Llc Ownership Of Proassurance Corp
2004-02-23	2003-09-30	13F-HR	Proassurance Corp	PRA	US	Property/Casualty Ins	9,780	New Holding	9,780	100 %	$297,410	$530,858	$233,449	78.49 %	$233,449						History of Denali Advisors Llc Ownership Of Proassurance Corp

Returned 10 Transactions!

Note: All amounts are based on price of stock at date reported versus the current price! They do not represent actual profit/loss! There has been no adjustmentsfor splits!

Note: All amounts in USD, converted using Intrabank Exchange Rate on Date Reported/Today

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