The following financial statements and notes of Zenith National Insurance Corp. and its subsidiaries, which were prepared in accordance with generally accepted accounting principles in the United States, are posted in accordance with Section 7.04 of the Indenture dated as of July 30, 1998 (as amended by the Supplemental Indenture dated as of May 26, 2010) governing the 8.55% Subordinated Debentures due 2028 issued by Zenith National Insurance Corp.

September 30, 2011
June 30, 2011
June 30, 2010
September 30, 2010
December 31, 2010
March 31, 2011