Instuitional Investor - Philo Smith Capital Corp

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Brown & Brown Inc.	BRO	272,450	$33,892,780	9.32%
2.	Primerica Inc.	PRI	118,200	$33,631,447	9.25%
3.	Aflac Inc	AFL	267,800	$29,776,682	8.19%
4.	Reinsurance Group Of America Inc	RGA	145,800	$28,708,020	7.9%
5.	American International Group Inc.	AIG	319,500	$27,777,330	7.64%