SCHEDULE I PROTECTIVE INSURANCE CORPORATION AND SUBSIDIARIES SUMMARY OF INVESTMENTS OTHER THAN INVESTMENTS IN RELATED PARTIES (in thousands) As of December 31, 2019 Type of Investment Cost Fair Value Amount at Which Shown in the Consolidated Balance Sheet (1) Fixed Income Securities: Bonds: Agency collateralized mortgage obligations $ 11,557 $ 12,093 $ 12,093 Agency mortgage-backed securities 54,286 56,280 56,280 Asset-backed securities 107,028 106,397 106,397 Bank loans 14,932 14,568 14,568 Certificates of deposit 2,835 2,835 2,835 Collateralized mortgage obligations 5,123 5,616 5,616 Corporate securities 274,340 281,381 281,381 Mortgage-backed securities 46,685 47,463 47,463 Municipal obligations 35,749 36,286 36,286 Non-U.S. government obligations 23,889 24,179 24,179 U.S. government obligations 206,623 208,440 208,440 Total fixed income securities 783,047 795,538 795,538 Equity Securities: Common Stocks: Consumer 13,473 16,707 16,707 Energy 3,618 3,074 3,074 Financial 25,523 31,577 31,577 Industrial 3,476 4,927 4,927 Technology 1,056 2,817 2,817 Funds (e.g., mutual funds, closed end funds, ETFs) 10,313 9,460 9,460 Other 6,847 8,250 8,250 Total equity securities 64,306 76,812 76,812 Commercial mortgage loans 11,782 12,068 11,782 Short-term: Certificates of deposit 1,000 1,000 1,000 Total short-term and other 1,000 1,000 1,000 Total investments $ 860,135 $ 885,418 $ 885,132 (1) Amounts presented above do not include investments of $59,780 classified as cash and cash equivalents in the consolidated balance sheet. - 71 -