On May 20, 2010, Fairfax, through its affiliates, acquired all of the outstanding shares of Zenith National common stock that it did not already own for $38 per share in cash pursuant to a merger transaction (the “Merger”) as provided for in an Agreement and Plan of Merger dated as of February 17, 2010.

In connection with the closing of the Merger, Zenith National’s common stock was delisted from the New York Stock Exchange (the “NYSE”) and trading of the common stock on the NYSE was suspended. Zenith National also deregistered all of its common stock covered under registration statements on Form S 8 and suspended its reporting obligations under Section 12 of the Exchange Act. As a result, all Zenith National’s common stock is deregistered and delisted and Zenith National is no longer a public company under the securities laws and no longer files reports, financial or other, with the Securities and Exchange Commission. The following reports are included solely for historical informational purposes.

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2009 Annual Report

2008 Annual Report

2007 Annual Report

2006 Annual Report

2005 Annual Report

2004 Annual Report