NEW VERNON INVESTMENT MANAGEMENT LLC Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
TRV	TRAVELERS COMPANIES INC	36,659 (+82.9%)	$10,633 (+90.0%)	10.4%	$254.11	+10.4%	COM	89417E109
AIG	AMERICAN INTL GROUP INC	65,484 (+100.0%)	$5,602 (+117.9%)	5.5%	$69.63	+14.4%	COM NEW	026874784
MRSH	MARSH & MCLENNAN COS INC	34,442 (+100.0%)	$6,390 (+84.1%)	6.2%	$203.71	-8.5%	COM	571748102
ORI	OLD REP INTL CORP	130,043 (+50.0%)	$5,935 (+61.2%)	5.8%	$37.64	+8.5%	COM	680223104
DDI	DOUBLEDOWN INTERACTIVE CO LT	76,250 (+46.6%)	$658 (+35.5%)	0.6%	$9.27	—	ADS	25862B109

Exited Positions (5)

WRB BERKLEY W R CORP 6.9%

Value ($000) $7,065 Shares 92,206 Est. Cost $62.12 Unrealized +17.1%

PGR PROGRESSIVE CORP 6.7%

Value ($000) $6,923 Shares 28,034 Est. Cost $240.50 Unrealized -11.7%

CB CHUBB LIMITED 4.9%

Value ($000) $5,006 Shares 17,735 Est. Cost $275.21 Unrealized +6.2%

AJG GALLAGHER ARTHUR J & CO 3.7%

Value ($000) $3,761 Shares 12,141 Est. Cost $255.38 Unrealized +3.5%

CRBG COREBRIDGE FINL INC 3.3%

Value ($000) $3,435 Shares 107,187 Est. Cost $29.13 Unrealized +4.9%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
WRB	BERKLEY W R CORP	92,206	$7,065	6.9%	$62.12	+17.1%	—	084423102
PGR	PROGRESSIVE CORP	28,034	$6,923	6.7%	$240.50	-11.7%	—	743315103
CB	CHUBB LIMITED	17,735	$5,006	4.9%	$275.21	+6.2%	—	H1467J104
AJG	GALLAGHER ARTHUR J & CO	12,141	$3,761	3.7%	$255.38	+3.5%	—	363576109
CRBG	COREBRIDGE FINL INC	107,187	$3,435	3.3%	$29.13	+4.9%	—	21871X109

Unchanged Positions (30)

LNC LINCOLN NATL CORP IND 6.7%

Value ($000) $6,863 Shares 154,110 Est. Cost $31.54 Unrealized +30.5%

GOOG ALPHABET INC CLASS C 2.2%

Value ($000) $2,259 Shares 7,200 Est. Cost $107.90 Unrealized +165.4%

EQH EQUITABLE HLDGS INC 4.7%

Value ($000) $4,782 Shares 100,349 Est. Cost $50.07 Unrealized -5.6%

ORLY OREILLY AUTOMOTIVE INC 1.6%

Value ($000) $1,642 Shares 18,000 Est. Cost $89.70 Unrealized +8.9%

UBER UBER TECHNOLOGIES INC 1.4%

Value ($000) $1,389 Shares 17,000 Est. Cost $72.04 Unrealized +25.0%

MAR MARRIOTT INTL INC NEW 1.5%

Value ($000) $1,581 Shares 5,095 Est. Cost $267.49 Unrealized +6.7%

AFG AMERICAN FINL GROUP INC OHIO 3.5%

Value ($000) $3,586 Shares 26,240 Est. Cost $127.48 Unrealized +4.8%

HG HAMILTON INSURANCE GROUP LTD 2.0%

Value ($000) $2,062 Shares 73,891 Est. Cost $18.23 Unrealized +42.4%

BX BLACKSTONE INC 2.0%

Value ($000) $2,035 Shares 13,201 Est. Cost $61.45 Unrealized +146.5%

HIG HARTFORD INSURANCE GROUP INC 6.0%

Value ($000) $6,152 Shares 44,643 Est. Cost $111.07 Unrealized +18.5%

ACGL ARCH CAP GROUP LTD 3.4%

Value ($000) $3,541 Shares 36,920 Est. Cost $41.62 Unrealized +119.8%

AVGO BROADCOM INC 3.7%

Value ($000) $3,807 Shares 11,000 Est. Cost $178.10 Unrealized +100.5%

MS MORGAN STANLEY 1.5%

Value ($000) $1,518 Shares 8,550 Est. Cost $102.82 Unrealized +61.9%

HD HOME DEPOT INC 0.8%

Value ($000) $860 Shares 2,500 Est. Cost $388.53 Unrealized -6.2%

XOM EXXON MOBIL CORP 2.3%

Value ($000) $2,389 Shares 19,850 Est. Cost $104.04 Unrealized +11.0%

MSFT MICROSOFT CORP 1.9%

Value ($000) $1,955 Shares 4,042 Est. Cost $254.02 Unrealized +97.1%

IGIC INTL GNRL INSURANCE HLDNGS L 1.4%

Value ($000) $1,487 Shares 59,267 Est. Cost $24.35 Unrealized -3.6%

TJX TJX COS INC NEW 1.4%

Value ($000) $1,471 Shares 9,575 Est. Cost $132.28 Unrealized +11.7%

EG EVEREST GROUP LTD 2.2%

Value ($000) $2,229 Shares 6,568 Est. Cost $309.75 Unrealized +6.6%

AMZN AMAZON COM INC 1.1%

Value ($000) $1,110 Shares 4,809 Est. Cost $140.18 Unrealized +63.2%

ABT ABBOTT LABS 0.7%

Value ($000) $741 Shares 5,918 Est. Cost $36.13 Unrealized +252.3%

NVO NOVO-NORDISK A S 0.5%

Value ($000) $463 Shares 9,100 Est. Cost $55.49 Unrealized —

RDN RADIAN GROUP INC 6.3%

Value ($000) $6,480 Shares 180,062 Est. Cost $34.42 Unrealized +1.0%

SYK STRYKER CORPORATION 0.7%

Value ($000) $759 Shares 2,160 Est. Cost $358.82 Unrealized +1.3%

NU NU HLDGS LTD 0.8%

Value ($000) $826 Shares 49,324 Est. Cost $11.63 Unrealized +38.2%

JPM JPMORGAN CHASE & CO 1.3%

Value ($000) $1,370 Shares 4,253 Est. Cost $221.11 Unrealized +40.0%

UNP UNION PAC CORP 0.7%

Value ($000) $690 Shares 2,985 Est. Cost $220.99 Unrealized +2.9%

EPD ENTERPRISE PRODS PARTNERS L 0.5%

Value ($000) $522 Shares 16,271 Est. Cost $45.42 Unrealized —

MDT MEDTRONIC PLC 0.7%

Value ($000) $702 Shares 7,313 Est. Cost $82.64 Unrealized +17.5%

NVDA NVIDIA CORPORATION 0.8%

Value ($000) $836 Shares 4,484 Est. Cost $125.82 Unrealized +47.9%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
LNC	LINCOLN NATL CORP IND	154,110	$6,863	6.7%	$31.54	+30.5%	COM	534187109
GOOG	ALPHABET INC CLASS C	7,200	$2,259	2.2%	$107.90	+165.4%	CAP STK CL C	02079K107
EQH	EQUITABLE HLDGS INC	100,349	$4,782	4.7%	$50.07	-5.6%	COM	29452E101
ORLY	OREILLY AUTOMOTIVE INC	18,000	$1,642	1.6%	$89.70	+8.9%	COM	67103H107
UBER	UBER TECHNOLOGIES INC	17,000	$1,389	1.4%	$72.04	+25.0%	COM	90353T100
MAR	MARRIOTT INTL INC NEW	5,095	$1,581	1.5%	$267.49	+6.7%	CL A	571903202
AFG	AMERICAN FINL GROUP INC OHIO	26,240	$3,586	3.5%	$127.48	+4.8%	COM	025932104
HG	HAMILTON INSURANCE GROUP LTD	73,891	$2,062	2.0%	$18.23	+42.4%	CL B	G42706104
BX	BLACKSTONE INC	13,201	$2,035	2.0%	$61.45	+146.5%	COM	09260D107
HIG	HARTFORD INSURANCE GROUP INC	44,643	$6,152	6.0%	$111.07	+18.5%	COM	416515104
ACGL	ARCH CAP GROUP LTD	36,920	$3,541	3.4%	$41.62	+119.8%	ORD	G0450A105
AVGO	BROADCOM INC	11,000	$3,807	3.7%	$178.10	+100.5%	COM	11135F101
MS	MORGAN STANLEY	8,550	$1,518	1.5%	$102.82	+61.9%	COM NEW	617446448
HD	HOME DEPOT INC	2,500	$860	0.8%	$388.53	-6.2%	COM	437076102
XOM	EXXON MOBIL CORP	19,850	$2,389	2.3%	$104.04	+11.0%	COM	30231G102
MSFT	MICROSOFT CORP	4,042	$1,955	1.9%	$254.02	+97.1%	COM	594918104
IGIC	INTL GNRL INSURANCE HLDNGS L	59,267	$1,487	1.4%	$24.35	-3.6%	SHS	G4809J106
TJX	TJX COS INC NEW	9,575	$1,471	1.4%	$132.28	+11.7%	COM	872540109
EG	EVEREST GROUP LTD	6,568	$2,229	2.2%	$309.75	+6.6%	COM	G3223R108
AMZN	AMAZON COM INC	4,809	$1,110	1.1%	$140.18	+63.2%	COM	023135106
ABT	ABBOTT LABS	5,918	$741	0.7%	$36.13	+252.3%	COM	002824100
NVO	NOVO-NORDISK A S	9,100	$463	0.5%	$55.49	—	ADR	670100205
RDN	RADIAN GROUP INC	180,062	$6,480	6.3%	$34.42	+1.0%	COM	750236101
SYK	STRYKER CORPORATION	2,160	$759	0.7%	$358.82	+1.3%	COM	863667101
NU	NU HLDGS LTD	49,324	$826	0.8%	$11.63	+38.2%	ORD SHS CL A	G6683N103
JPM	JPMORGAN CHASE & CO	4,253	$1,370	1.3%	$221.11	+40.0%	COM	46625H100
UNP	UNION PAC CORP	2,985	$690	0.7%	$220.99	+2.9%	COM	907818108
EPD	ENTERPRISE PRODS PARTNERS L	16,271	$522	0.5%	$45.42	—	COM	293792107
MDT	MEDTRONIC PLC	7,313	$702	0.7%	$82.64	+17.5%	SHS	G5960L103
NVDA	NVIDIA CORPORATION	4,484	$836	0.8%	$125.82	+47.9%	COM	67066G104