Summary of BALDWIN & LYONS INC

Item 5.07. Submission of Matters to a Vote of Security Holders

(a) The annual meeting of shareholders of the Company was held on May 8, 2012.

(b) The shareholders elected all of the Company's nominees for director and ratified the appointment of Ernst & Young LLP as independent auditors for the Corporation. The shareholders approved all of the shareholder proposals, which are listed below.

Proposal 1 - Election of Directors:

                   Shares For Shares Against Shares Abstain
Stuart D. Bilton   2,199,429       742            404
Joseph J. DeVito   2,198,529      1,642           404
Otto N. Frenzel IV 2,199,429       742            404
Gary W. Miller     2,188,529      11,642          404
John M. O'Mara     2,199,529       642            404
Thomas H. Patrick  2,198,429      1,742           404
John A. Pigott     2,199,429       742            404
Kenneth D. Sacks   2,199,529       642            404
Nathan Shapiro     2,198,379      1,792           404
Norton Shapiro     2,198,429      1,742           404
Robert Shapiro     2,198,429      1,742           404
Steven A. Shapiro  2,198,429      1,742           404
John D. Weil       2,199,529       642            404

Proposal 2 - Ratification of Ernst & Young LLP as Independent Auditors for the year 2012:

For         2,109,234
Against        91,341
Abstain            -

Proposal 3 - Advisory approval of executive compensation:

For          2,196,857
Against           779
Abstain         2,939