Exhibit 99.1
  American
    Physicians Capital, Inc. and Subsidiaries
    Fixed-Income Security Portfolio Detail and
    Cash and Cash Equivalents as of June 30, 2009
  Fair


Amortized


ParCUSIP

Description

Value(1)


Cost


Value(in thousands)AVAILABLE-FOR-SALE
    DEBT SECURITIESStates And Political Subdivisions709141-Q5-7

PENNSYLVANIA ST

$
10,001


$
9,355


$
9,000196454-FL-1

CO DEPT TRANSN REV


7,346



6,914



6,575718814-XK-7

PHOENIX ARIZ


7,109



6,603



6,300646135-2Y-8

NEW JERSEY ST TRANS


7,068



6,808



6,50095667Q-AN-6

WEST VA ST SCH BLDG AUTH


7,060



6,809



6,500646039-JA-6

NEW JERSEY ST


6,948



6,510



6,225741701-VD-5

PRINCE GEORGES CNTY MD


6,830



6,287



6,000928172-HL-2

VIRGINIA ST PUB BLDG AUTH


6,653



6,215



6,000709141-Z7-3

PENNSYLVANIA ST


6,600



6,171



5,965977056-8D-5

WISCONSIN ST


6,575



6,199



6,000167723-BD-6

CHICAGO ILL TRAN AUTH


6,486



6,345



6,000373383-N7-9

GEORGIA ST


6,072



5,748



5,485391554-AP-7

GREATER ALBANY SCH DIST NO 8J OR


5,625



5,236



5,000592013-7M-2

METROPOLITAN GOVT NASHVILLE


5,613



5,218



5,000186343-UR-8

CLEVELAND OHIO


5,557



5,360



5,050419780-S5-1

HAWAII ST


5,523



5,173



5,000575827-3X-6

MASSACHUSETTS ST


5,495



5,205



5,00079575D-LQ-1

SALT RIV PROJ ARIZ AGRIC


5,445



5,240



5,000594700-CA-2

MICHIGAN ST TRUNK LINE


5,444



5,182



5,000527839-BY-9

LEWIS CNTY WASH PUB UTIL


5,425



5,186



5,00092817F-XF-8

VIRGINIA ST PUB SCH AUTH


5,419



5,175



5,000181054-7U-5

CLARK CNTY NEV SCH DIST


5,413



5,169



5,000452151-PZ-0

ILLINOIS ST


5,408



5,156



5,000972176-6H-9

WILSON CNTY TENN


3,394



3,265



3,075972176-6J-5

WILSON CNTY TENN


3,185



3,175



3,005665093-EE-6

NO COOK CNTY ILL SOLID WASTE


1,301



1,261



1,200665093-EF-3

NO COOK CNTY ILL SOLID WASTE


1,301



1,262



1,200969073-HN-8

WILL CNTY ILL CMNTY HIGH SCH


1,122



1,073



1,000250092-F4-0

DES MOINES IOWA


1,105



1,037



1,000615401-HU-3

MOON AREA SCH DIST PA


564



523



500708796-AP-2

PENNSYLVANIA HSG FIN AGY


540



500



500Subtotal States And Political Subdivisions


157,627



149,360



143,080Corporate Securities59156R-AU-2

METLIFE INC


7,126



7,029



7,000904764-AG-2

UNILEVER CAP CORP


6,940



6,617



6,500459200-AL-5

INTERNATIONAL BUSINESS MACHS


6,830



6,364



6,00000508Y-AB-8

ACUITY BRANDS


6,544



6,496



6,500002824-AS-9

ABBOTT LABS


6,410



5,994



6,000084664-AD-3

BERKSHIRE HATHAWAY FIN CORP


6,266



5,763



6,00026353L-JB-8

DU PONT E I DE NEMOURS & CO


6,157



5,676



6,000




---



##### 



American
    Physicians Capital, Inc. and Subsidiaries
    Fixed-Income Security Portfolio Detail and
    Cash and Cash Equivalents (continued)
  Fair


Amortized


ParCUSIP

Description

Value(1)


Cost


Value(in thousands)369604-BC-6

GENERAL ELEC CO


5,892



5,375



6,000210805-DP-9

CONTINENTAL AIRLS EETC


5,464



6,500



6,500717081-CZ-4

PFIZER INC


5,246



4,994



5,000149123-BM-2

CATERPILLAR INC


5,085



4,737



5,000456866-AK-8

INGERSOLL RAND CO


5,009



4,775



5,00024713@-AA-4

DELOITTE & TOUCHE USA LLP


3,954



4,000



4,00045072G-AA-0

PVTPL I-PRETSL II COMBINATION LTD


2,192



2,192



2,192369604-AY-9

GENERAL ELEC CO


1,041



968



1,000075887-AS-8

BECTON DICKINSON & CO


520



479



500Subtotal Corporate Securities


80,676



77,959



79,192Mortgage-Backed Securities393505-XC-1

GREEN TREE FINANCIAL CORP


75



90



90Subtotal Mortgage-Backed Securities


75



90



90TOTAL AVAILABLE-FOR-SALE DEBT SECURITIES

$
238,378


$
227,409


$
222,362     (1)
    
    =
    Available-for-sale
    debt securities are carried in the balance sheet at fair value.  Fair


Amortized


ParCUSIP

Description

Value


Cost(2)


Value(in thousands)HELD-TO-MATURITY
    DEBT SECURITIESU.S. Government and Agency Obligations31331S-JW-4

FFCB NOTE


14,869



14,952



15,000Subtotal U.S. Government and Agency Obligations


14,869



14,952



15,000States And Political Subdivisions64711R-BD-7

NM FIN AUTH ST TRANSN REV


7,419



7,231



6,805677519-SC-5

OHIO ST


7,208



6,895



6,61529270C-HK-4

ENERGY N W WASH ELEC REV


7,187



6,842



6,500341150-QU-7

FLORIDA ST


7,039



6,833



6,500576002-AS-8

MASSACHUSETTS ST


7,130



6,819



6,500645916-WU-7

NEW JERSEY ECONOMIC DEV AUTH


6,967



6,785



6,50093974A-NH-3

WA ST REF-VAR PURP-SER R-03-A


6,821



6,684



6,500736742-MA-2

PORTLAND ORE SWR SYS REV


6,618



6,530



6,000167484-3S-1

CHICAGO ILL


6,462



6,379



6,000576000-AZ-6

MASSACHUSETTS ST SCH BLDG


6,464



6,299



6,000928109-JY-4

VIRGINIA ST


6,482



6,293



6,000455393-AM-0

INDIANAPOLIS IND THERMAL ENERGY


6,337



6,285



6,000040654-KT-1

ARIZONA ST TRANSN BRD HWY REV


6,380



6,251



6,00020772F-JN-1

CONNECTICUT ST


6,512



6,049



5,730647310-G3-9

NEW MEXICO ST SEVERANCE TAX


6,143



6,031



6,000837147-XX-0

SC ST PUB SVC AUTH REV


5,915



5,686



5,430 2




---



##### 



American
    Physicians Capital, Inc. and Subsidiaries
    Fixed-Income Security Portfolio Detail and
    Cash and Cash Equivalents (continued)
  Fair


Amortized


ParCUSIP

Description

Value


Cost(2)


Value(in thousands)341426-PT-5

FLORDIA ST BRD OF ED


5,813



5,560



5,290472682-LZ-4

JEFFSN CNTY ALA SWR REV CAP IMPT


5,598



5,417



5,230591745-F5-8

METROPOLITAN ATLANTA RAPID TRAN


5,415



5,360



5,040478700-B2-2

JOHNSON CNTY KANS UNI SCH DIST


5,375



5,336



5,000181324-MB-7

CLARK CNTY WASH SCH DIST NO 119


5,331



5,271



5,000262608-NQ-1

DU PAGE & WILL CNTYS ILL CMNTY SCH


5,581



5,240



5,000677519-3S-7

OHIO ST


5,458



5,225



5,000576004-ED-3

MASSACHUSETTS ST


5,500



5,219



5,000442436-2F-7

HSTN TEX WTR & SWR SYS


5,580



5,197



5,000199820-QY-0

COMAL TEX INDPT SCH DIST


5,285



5,180



5,000604128-3H-9

MINNESOTA ST


5,435



5,179



5,00046613Q-AM-6

JEA FLA ST JOHNS RIV PWR PK SYS


5,287



5,165



5,00040785E-MW-3

HAMILTON SOUTHEASTERN IND SCH


5,027



5,048



4,725235416-ZU-1

DALLAS TEX WTRWKS & SWR SYS REV


5,044



4,627



4,455385640-FG-7

GRAND IS NEB ELEC REV SYS


4,743



4,593



4,485509228-EQ-1

LAKE CNTY ILL ADLAI E STEVENSON HS


4,086



3,942



3,750491552-PM-1

KENTUCKY ST TPK AUTH


3,704



3,645



3,500040663-2J-4

ARIZONA ST UNIV REVS


3,577



3,428



3,220927793-NT-2

RPAR HOLDINGS REF-US RT 58 CORRID


3,250



3,145



3,000927793-NU-9

VIRGINIA COMWLTH TRANSN BRD


3,230



3,138



3,000509228-ER-9

LAKE CNTY ILL ADLAI E STEVENSON HS


3,033



2,924



2,795040663-2K-1

ARIZONA ST UNIV REVS


2,862



2,801



2,645259291-DD-1

DOUGLAS CNTY NEB SCH DIST


2,690



2,611



2,50097705L-FZ-5

WISCONSIN ST


2,149



2,112



2,000235416-A7-9

DALLAS TEX WTRWKS & SWR SYS REV


2,219



2,106



2,045438670-FF-3

HONOLULU HAWAII CITY & CNTY


2,028



1,951



1,855678519-FD-6

OKLAHOMA CITY OK


1,146



1,139



1,075345874-PH-8

FOREST LAKE MINN INDPT SCH DIST


1,050



1,060



1,000463813-GW-9

IRVING TEX INDPT SCH DIST


1,086



1,056



1,000659048-CN-0

NORTH DAVIESS IND SCH BLDG CORP


1,082



1,045



1,000718814-UE-4

PHOENIX ARIZ


1,054



1,036



1,00093974A-NL-4

WA ST REF-VAR PURP-SER R-03-A


1,042



1,022



1,000452001-WT-3

ILL EDL AUTH REVS MED TERM


814



773



750181211-DJ-9

CLARK CNTY WASH SCH DIST NO 101


608



596



570263417-GJ-0

DU PAGE CO ILL SCH


548



534



520341535-PW-6

FLORIDA ST BRD ED PUB ED


547



526



500517840-WW-0

LAS VEGAS VALLEY NEV WTR DIST


531



523



500799098-DD-7

SAN MIGUEL CNTY COLO SCH DIST


534



523



500442352-AH-3

HOUSTON TEX AREA WTR CORP


552



522



500040654-JV-8

AZ ST TRANSN BRD HWY REV


543



521



500 3




---



##### 



American
    Physicians Capital, Inc. and Subsidiaries
    Fixed-Income Security Portfolio Detail and
    Cash and Cash Equivalents (continued)
  Fair


Amortized


ParCUSIP

Description

Value


Cost(2)


Value(in thousands)51166F-AD-1

LAKELAND FLA ENERGY SYS REV


538



519



50054811B-EP-2

LOWER COLO RIV AUTH TEX


505



510



500159195-MY-9

CHANNELVIEW TEX INDPT SCH DIST


506



485



475655181-BJ-3

NOBLESVILLE-SOUTHEASTN PUB LIBR


492



480



460Subtotal States And Political Subdivisions


233,562



226,182



215,965Corporate Securities74740F-GF-7

QUAKER OATS CO


6,563



6,340



6,000134429-AM-1

CAMPBELL SOUP CO


6,491



6,206



6,00041011W-AH-3

HANCOCK JOHN GLOBAL FDG


6,288



6,183



6,000855707-AB-1

ST AUTO FINL CORP


5,848



6,045



6,000035229-CD-3

ANHEUSER BUSCH


4,439



4,351



4,310438516-AK-2

HONEYWELL INTL INC


3,134



3,059



3,000615337-AA-0

THE MONY GROUP


2,593



2,572



2,510075887-AR-0

BECTON DICKINSON CO


1,012



1,007



1,000693506-AY-3

PPG INDUSTRIES INC


834



833



830751277-AM-6

RALSTON PURINA CO


511



506



500Subtotal Corporate Securities


37,713



37,102



36,150Mortgage-Backed Securities31394N-4U-9

FHLMC MULTICLASS SER 2713


15,412



15,096



15,00031394P-3P-6

FHLMC MULTICLASS SER 2740


15,384



15,090



15,00031394K-AD-6

FHLMC MULTICLASS SER 2687


15,362



15,085



15,00031395L-VJ-7

FHLMC MULTICLASS PREASSIGN


14,187



13,691



13,58631394M-A2-6

FHLMC MULTICLASS SER 2708


13,260



13,063



13,00031394K-G6-5

FHLMC MULTICLASS SER 2693


10,234



10,054



10,00031395K-CV-3

FHLMC MULTICLASS SER 2905


10,274



9,995



10,00031395K-PG-2

FHLMC MULTICLASS SER 2903


8,451



8,405



8,45331394W-HE-1

FHLMC MULTICLASS SER 2784


5,705



5,649



5,66731393T-CP-9

FNMA REMIC TRUST 2003-92


4,219



4,225



4,26531394G-H7-1

FHLMC REMIC SERIES 2649


4,246



4,154



4,27731394Y-LZ-5

FHLMC MULTICLASS SER


3,212



3,166



3,18731394G-N8-2

FHLMC REMIC SERIES 2659


3,171



3,149



3,18631393D-DS-7

FNMA REMIC TRUST 2003-58


2,807



2,710



2,78331394W-HQ-4

FHLMC MULTICLASS SER 2784


2,517



2,475



2,47131393Y-XE-0

FNMA REMIC SER 2004-45


2,275



2,267



2,26831394Y-BU-7

FHLMC MULTICLASS PREASSIGN


1,745



1,735



1,73631395A-LR-4

FHLMC MULTICLASS SER 2807


1,652



1,641



1,61431394Y-NA-8

FHLMC MULTICLASS PREASSIGN


1,410



1,373



1,38231362J-E6-8

FNMA ARM #062257


59



60



5936224V-H5-7

GNMA POOL #339652


35



34



32 4




---



##### 



American
    Physicians Capital, Inc. and Subsidiaries
    Fixed-Income Security Portfolio Detail and
    Cash and Cash Equivalents (continued)
  Fair


Amortized


ParCUSIP

Description

Value


Cost(2)


Value(in thousands)31375A-G3-7

FNMA P/T 328818


18



17



1736225A-ET-3

GNMA PLATINUM P/T 780146


10



11



931368H-US-0

FNMA ARM MEGA POOL #190593


2



2



2Subtotal Mortgage-Backed Securities


135,647



133,147



132,994TOTAL
    HELD-TO-MATURITY
    DEBT SECURITIES

$
421,791


$
411,383


$
400,109     (2)
    
    Held-to-maturity
    debt securities are carried in the balance sheet at amortized
    cost.  CUSIP

Description

Cost(in thousands)CASH & CASH EQUIVALENTS31846V-41-9

FIRST AMER TREAS OBLIG


825665278-70-1

NORTHERN INSTL FDS GOVT SELECT


93,110Subtotal Money Market Funds


93,9351667T0-UA-9

CHEVRON CORP


10,99719121A-WN-7

COCA-COLA CO


10,99302665J-WG-1

AMERICAN HONDA FIN CORP


10,99289233G-U6-1

TOYOTA MOTOR CREDIT


9,99589233G-VQ-6

TOYOTA MOTOR CREDIT


1,0007426M4-VD-6

PRIVATE EXPT FDG CORP


1,000Subtotal Commercial Paper


44,976CERTIFICATE OF DEPOSIT


100ZERO BALANCE CASH SWEEP ACCOUNTS


68Subtotal Cash and CDs


168TOTAL CASH & CASH EQUIVALENTS

$
139,079  5