SCPIE Holdings Inc.

SCPIE Holdings Inc. is listed on NYSE (SKP). SCPIE Holdings Inc. (SCPIE Holdings) is a holding company owning subsidiaries engaged in providing insurance and reinsurance products. The Company is primarily a provider of medical malpractice insurance and related liability insurance products to physicians, oral surgeons, healthcare facilities and others engaged in the healthcare industry in California and Delaware. Previously, the Company had also been actively engaged in the medical malpractice insurance business and related products in other states and the global assumed reinsurance business. Since 2002, the Company has been engaged in completing its withdrawal from the assumed reinsurance markets and medical malpractice insurance outside its core states of California and Delaware. The Company conducts its insurance business through three insurance company subsidiaries.

SCS Transportation Inc.

SCS Transportation Inc. is listed on NASDAQ (SCST). SCS Transportation, Inc. (SCST) is a leading transportation company that provides a variety of trucking transportation and supply chain solutions to a broad range of industries, including the retail, chemical and manufacturing industries. Through our operating subsidiaries, Saia Motor Freight Line, Inc. (Saia) and Jevic Transportation, Inc. (Jevic), we serve a wide variety of customers by offering regional and interregional less-than-truckload (LTL) services and selected national LTL, truckload (TL) and time-definite services across the United States. None of our approximately 8,900 employees is represented by a union. We were organized in 2000 as a wholly owned subsidiary of Yellow Corporation (Yellow) to better manage its regional transportation business. We became an independent public company on September 30, 2002 as a result of a 100 percent tax-free distribution of shares to Yellow shareholders (the Spin-off).

Greenhill ..m that (i) provides financial advice on significant mergers, acquisitions, restructurings and similar corporate finance matters and (ii) manages merch..

SPACEHAB Incorporated ..n 1984 and made our initial public offering of our common stock in 1995. We flew our first module on a space shuttle mission in 1993 and have continue..

Star Gas Partners L.P. ..ooking statements which represent our expectations or beliefs concerning future events that involve risks and uncertainties, including those associate..

Syniverse Holdings Inc. ..l technology services to wireless carriers worldwide for over 17 years. We were founded in 1987 as GTE Telecommunication Services Inc., a unit of GTE,..

Suffolk Bancorp ..ank holding company. On that date, Suffolk acquired, and currently owns, all of the outstanding capital stock of Suffolk County National Bank. On July..

3M Company .. Manufacturing Company, was incorporated in 1929 under the laws of the State of Delaware to continue operations begun in 1902. The Board of Directors ..

Telephone and Data Systems Inc. ..sified telecommunications service company with wireless telephone and wireline telephone operations. At December 31, 2004, TDS served approximately 6...

Threshold Pharmaceuticals Inc. ..mpany incorporated in Delaware in 2001, is focused on the discovery, development and commercialization of drugs based on Metabolic Targeting, an appro..

Tollgrade Communications Inc. ..er of hardware and software network assurance testing solutions for the telecommunications and cable broadband industries. We design, engineer, market..

TierOne Corporation .. 10-K and the accompanying 2004 Annual Report which are not historical facts may be forward-looking statements as that term is defined in the Private ..

Terex Corporation ..oad range of equipment primarily for the construction, infrastructure and surface mining industries. The Company is building a growing franchise under..

TeleCommunication Systems Inc. ..iable wireless data communications technology to solutions for customers. We are a Maryland corporation founded in 1987 with our headquarters located ..

Microvision Inc. ..sion, Inc. (Microvision) and Lumera Corporation (Lumera), a subsidiary that was consolidated prior to July 2004. In July 2004, Lumera completed an ini..

Twin Disc Incorporated ..tate of Wisconsin in 1918. Twin Disc designs, manufactures and sells heavy duty off-highway power transmission equipment. Products offered include: hy..

US DATAWORKS INC ..software, serving several of the top 25 banking institutions, top 10 credit card issuers, major retailers and the United States Government. We generat..

United Parcel Service Inc. ..y and a global leader in supply chain solutions. We were founded in 1907 as a private messenger and delivery service in Seattle, Washington. Today, we..

United-Guardian Inc. ..hat conducts research, product development, manufacturing and marketing of cosmetic ingredients, personal and health care products, pharmaceuticals, a..

Viacom Inc. ..en exploring the possible division of its businesses into separate publicly-traded companies, one of which would highlight Viacoms high-growth busines..

Valentis Inc. ..orward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act ..

Vertex Pharmaceuticals Incorporated ..discovering, developing and commercializing small molecule drugs for serious diseases, including HIV infection, chronic hepatitis C virus (HCV) infect..

Wacoal Holdings Corporation ..lopment of Wacoal. Wacoal Corp. is a joint stock corporation that was incorporated under the Commercial Code of Japan in 1949 with the name Wako Shoji..

Weatherford International Inc. ..'s leading providers of equipment and services used for the drilling, completion and production of oil and natural gas wells. Weatherford, as we know ..

Weight Watchers International Inc ..nd the global leader in providing healthy weight management services, operating in 30 countries around the world for over 40 years. Our programs help ..

White Mountains Insurance Group Ltd. ..ant) was originally formed as a Delaware corporation in 1980. In October 1999, the Company completed a corporate reorganization that changed its domic..

Wright Medical Group Inc. .. Technology, Inc. and other operating subsidiaries, is a global orthopaedic medical device company specializing in the design, manufacture and marketi..

Xenonics Holdings Inc. ..ntensity portable illumination products. Our core product line consists of lightweight, long-range, ultra-high intensity illumination products used in..

Zygo Corporation ..esigns, develops, and manufactures ultra-high precision measurement solutions to improve our customers manufacturing yields, and optical components an..

Ambac Financial Group Inc. ..York City, is a holding company whose subsidiaries provide financial guarantee products and other financial services to clients in both the public and..

American Retirement Corporation ..est operators of senior living communities in the United States. We are a senior living and health care services provider offering a broad range of ca..

ADTRAN Inc. ..acilitate access to today's communications networks. Our high-speed, network access products improve the operation of, and reduce the costs associated..

AES TR III .. operations in 27 countries on five continents. A Delaware corporation formed in 1981, AES is a holding company that, through its subsidiaries, operat..

ARIAD Pharmaceuticals Inc. ..oking statements, which involve risks and uncertainties. Our actual results could differ materially from those anticipated in these forward-looking st..

Apartment Investment and Management Company ..mco, is a Maryland corporation incorporated on January 10, 1994. We are a self-administered and self-managed real estate investment trust, or REIT, en..

Astronics Corporation ..ctronic systems for the global aerospace industry. The Company designs and manufactures its products for aircraft original equipment manufacturers (OE..

AMERUS GROUP CO ..furnished pursuant to section 13(a) or 15(d) of the Securities Exchange Act of 1934, available, free of charge at our website as soon as reasonably pr..

AngloGold Ashanti Ltd. ..g Company Limited, was incorporated in South Africa in 1944. 4A. History and development of the company AngloGold produces approximately six million o..

Apache Corporation ..in 1954, is an independent energy company that explores for, develops and produces natural gas, crude oil and natural gas liquids. In North America, o..

Applera Corporation ..e business segments, which are described below. Throughout this report, terms such as Applera, we, us, or our may be used to refer to Applera Corporat..

Arrow Financial Corporation ..a New York corporation, was incorporated on March 21, 1983 and is registered as a bank holding company within the meaning of the Bank Holding Company ..

Apogee Technology Inc. .. and markets silicon based products that incorporate proprietary technologies. The Company's patented all-digital, high efficiency Direct Digital Ampl..

Actuant Corporation ..isconsin, is a global services provider and manufacturer of a broad range of industrial products and systems, organized into two business segments, To..

AXA .. directoire et conseil de surveillance (a form of limited liability company) with a Management Board and a Supervisory Board. The Company's headquarte..

Aurizon Mines Ltd. ..e name 343318 B.C. Ltd., by filing a memorandum and articles with the Registrar of Companies under the BCCA. On August 10, 1988, Aurizons name was cha..

Bridge Capital Holdings ..al Banking Charter and Federal Deposit Insurance was filed with the Comptroller of the Currency (the Comptroller) and with the Federal Deposit Insuran..

BE Semiconductor Industries NV .. leading manufacturer of semiconductor die sorting, flip chip and multi-chip die bonding, packaging and plating equipment for both leadframe and array..

Natural Resource Partners L.P. ..rship formed in April 2002, and we completed our initial public offering in October 2002. We engage principally in the business of owning and managing..

Ballantyne of Omaha Inc. .. and its subsidiaries (Ballantyne) designs, develops, manufactures and distributes commercial motion picture equipment, lighting systems, and restaura..

Collegiate Pacific Inc. ..stributing sports equipment products and soft good athletic apparel and footwear products (soft goods) to non-retail institutional customers such as c..

BREMER CAP TR I ..al services company with $6.1 billion in assets as of December 31, 2004, operating 102 offices in Minnesota, Wisconsin and North Dakota. We offer a wi..

Bitstream Inc. ..oftware development company that makes communications compelling. We enable our customers worldwide to render high-quality text, browse the Web on wir..

Bronco Drilling Company Inc. ..ices to oil and natural gas exploration and production companies. We currently own a fleet of 64 land drilling rigs, of which 41 are currently operati..

Captaris Inc. ..apture, process, deliver, manage and archive data and documents enabling customers to reduce costs and increase the performance of critical business i..

Caribou Coffee Company Inc. ..ffeehouse operator in the United States based on the number of coffeehouses operated. As of January 1, 2006, we had 395 coffeehouses, including nine l..

Concurrent Computer Corporation .. systems for both the video-on-demand, or VOD, market and the real-time operating systems-productivity tools market. Prior to January 2005, we service..

Caremark Rx Inc. .. services companies in the United States, with net revenue of approximately $25.8 billion (including approximately $4.6 billion of retail copayments) ..

CEVA Inc. ..is one of the world's leading licensors of Digital Signal Processor (DSP) cores and related application solutions to the semiconductor and electronics..

Charming Shoppes Inc. ..ily focused on plus-size womens apparel through our three distinct brands: LANE BRYANT(R), FASHION BUG(R), and CATHERINES PLUS SIZES(R). During the ye..

Corus Entertainmt Incorporated ..ss activities are conducted through three operating groups: Radio, Television and Content, as described below. RADIO Description of the Industry The C..

Cumulus Media Inc. ..us, and our refer to Cumulus Media Inc. and its consolidated subsidiaries. We use the term local marketing agreement (LMA) in various places in this r..

Comtech Group Inc. ..mized module design solutions in China and serves as a gateway to leading electronics manufacturers in China. We have historically focused on the mobi..

Cooper Industries Ltd. ..ndustries, Ltd., which was incorporated under the laws of Bermuda on May 22, 2001, and became the successor-registrant to Cooper Industries, Inc. on M..

Coldwater Creek Inc. ..ts regarding our current strategies, financial position, results of operations, cash flows, operating and financial trends and uncertainties, as well ..

Cytyc Corporation ..rds we, us, our and Cytyc refer to Cytyc Corporation and all of its affiliates and subsidiaries taken as a whole, and our board of directors refers to..

Digirad Corporation ..d distribution of solid-state medical imaging products and services to physician offices, hospitals and imaging centers for the detection of cardiovas..

ECC Capital Corp. ..1, 2004 in the state of Maryland. ECC Capital was formed by Encore Credit Corp. solely for the purpose of effecting a restructuring of Encore Credit C..

Endeavor International Corporation ..rporation formed on January 13, 2000 (as Expression Graphics, Inc.) to market and sell graphics media products, such as symbols, logos, pictures, sign..

Extreme Networks Inc. ..ries, (collectively referred to as Extreme or the Company and as we, us and our) is a leading provider of network infrastructure equipment for corpora..

Financial Institutions Inc. .. Management's Discussion and Analysis of Financial Condition and Results of Operations, contains forward-looking statements within the meaning of the ..

Forbes Medi-Tech Inc. ..ife sciences company dedicated to the research, development and commercialization of innovative products for the prevention and treatment of cardiovas..

Genesis HealthCare Corporation .. May 2003 as a Pennsylvania corporation. On December 1, 2003, NCI completed the distribution (the spin-off) of our common stock. Our common stock bega..

GSE Systems Inc. ..ader in real-time, high fidelity simulation. The Company provides simulation solutions and services to the nuclear and fossil electric utility industr..

Hewlett-Packard Company ..ologies, solutions and services to individual consumers, small and medium sized businesses (SMBs) and large enterprises. Our offerings span: º . º ent..

Heartland Payment Systems Inc. ..sing services to merchants in the United States. This involves facilitating the exchange of information and funds between merchants and cardholders' f..

Ikanos Communications Inc. ..ction with audited consolidated financial statements and the notes thereto included in Item 8 of this Annual Report on Form 10-K. Overview We are a le..

Irvine Sensors Corporation ..factures and sells miniaturized electronic products for defense, security and commercial applications. We also perform customer-funded contract resear..

SM&A .. and similar terms include SM&A and its subsidiaries, unless the context indicates otherwise. Overview - Development of Business SM&A is the world's l..