Company Introduction May 2006. Copyright 2006, Alliant Resources Group, Inc. - Confidential, not for distribution Corporate Profile 2006 Revenues $200,000,000+

Company Introduction

May 2006

Copyright 2006, Alliant Resources Group, Inc. - Confidential, not for distribution

Corporate Profile 2006Corporate Profile 2006

Revenues $200,000,000+

Employees 700+

Offices 21 offices in 8 States

Industry Rank: 14th largest in U.S.

Market Identity Specialty Focus

Middle Market

ServicesRetail Brokerage

Co-Brokerage

Risk Management Consulting

Benefits Consulting

Underwriting

Claims & Loss Control

Human Resources Consulting


OfficesOffices

Driver-Alliant

Kelter-Alliant

Franey Muha-Alliant


Revenue by LineRevenue by Line

Employee Benefits22%

Other4%

Commercial P&C35%

Other3%Law Firms

4%

Public Entity22%

Indian Nations10%

Specialty P&C40%

How are we organized?


OrganizationOrganization

Mike SimmonsVice Chairman

Tom CorbettChairman, CEO

ARG

Greg ZimmerCFO - ARG

Jerry HallCOO - ARG

Jerry HallPresident

Driver CommercialIns Group

Ralph HurstPresident

Driver SpecialtyIns Group

Greg ZimmerPresident

Alliant RiskServices

Michael KelterPresident

Kelter CommercialIns Group

Sean McConloguePresident

Alliant SpecialtyInsurance Services

Bill FraneyPresident

Franey MuhaComml Ins Group

StewartManaging Director -

Sales

KiehlManaging Director -

Service

Corporate Services Team

Sales

ServiceService

Sales Sales

Service

Corporate Operations Production Operations

Alliant UnderwritingServices

Alliant BusinessServices

Sales Sales

Service Service

Mike SimmonsVice Chairman

Tom CorbettChairman, CEO

ARG

Greg ZimmerCFO - ARG

Jerry HallCOO - ARG

Jerry HallPresident

Driver CommercialIns Group

Ralph HurstPresident

Driver SpecialtyIns Group

Greg ZimmerPresident

Alliant RiskServices

Michael KelterPresident

Kelter CommercialIns Group

Sean McConloguePresident

Alliant SpecialtyInsurance Services

Bill FraneyPresident

Franey MuhaComml Ins Group

StewartManaging Director -

Sales

KiehlManaging Director -

Service

Corporate Services Team

Sales

ServiceService

Sales Sales

Service

Corporate Operations Production Operations

Alliant UnderwritingServices

Alliant BusinessServices

Sales Sales

Service Service


Driver CommercialDriver Commercial

Overview Overview

2005 business mix by operating revenue2005 business mix by operating revenue

Alliant RevenueAlliant Revenue

Founded in 1925, forms Alliant’s West Coast operating platform, specializing in middle market retail distribution.

Largest independent insurance broker in California

Dominant position in San Diego, Riverside, & San Bernardino markets

Operates out of 10 offices in California, Arizona, and Washington.

2005 Revenue of $57 MM

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Jerry Hall, President


Driver SpecialtyDriver Specialty

OverviewOverview

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Founded in 1977 and primarily serving the public sector

Provides clients with proprietary programs distributed on a retail basis

The company’s largest client (CSAC) and largest program (PEPIP) both reside in this operation

Heavy concentration in California but now doing retail business in 30+ states

Current Revenue of $52.5 MM

Ralph Hurst, President


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Alliant SpecialtyAlliant Specialty

OverviewOverview

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Alliant Specialty is the primary platform for program based co-broker distribution

Primary component of the operation today is ‘Tribal First’ which provides advantaged programs to Indian Nations across the country

Major initiative for this operation is expanding the reach of our public sector business via co-brokerage distribution

Current revenue is $30.5 MM


Sean McConlogue, President

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Alliant Risk ServicesAlliant Risk Services

OverviewOverview

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Formed in 2000 to provide non-brokerage services to clients and programs

Two primary groups: Underwriting Services and Business Services

Underwriting Services creates greater control and additional revenue for program-based business

Business Services (including Strategic HR) enhances the relationship between our firm and the client by providing best-in-class services


Greg Zimmer, President



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OverviewOverview

Kelter CommercialKelter Commercial

Founded in 1930, forms Alliant’s Midwest regional operating platform

Operates primarily in Michigan, Illinois and Ohio through 40+ employees

One of the largest insurance agencies in the greater Detroit metropolitan area

Specializes in lawyers’ professional liability through its ProQuest program sold on both a retail and co-brokered basis with clients including 30 of top 200 U.S. law firms


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Michael Kelter, President



$52.5

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OverviewOverview

Franey Muha CommercialFraney Muha Commercial

Founded in 1973, forms Alliant’s Mid-Atlantic regional operating platform

Operates primarily in Maryland, Pennsylvania, Virginia and DC through 100+ employees

Distributes both Property & Casualty and Benefits products on a retail basis

Largest distributor of insurance for land conservation and preservation-related exposures in the U.S.


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Bill Franey, President



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Alliant - Corporate ServicesAlliant - Corporate Services

OverviewOverview

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Responsible for all corporate functions including:• Mergers & Acquisitions• Corporate Finance• Accounting• Human Resources• Information Technology• Legal Affairs • Risk Management• Carrier Relations

The plan is to consolidate non-client related activities within Corporate Services and maintain client activities in the local operations.


$52.5

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Driver Comm’l

Kelter Comm’l

Franey Muha

Alliant Risk

Alliant Specialty

Corporate

Driver Specialty


Alliant - Corporate ServicesAlliant - Corporate Services

OverviewOverview

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Responsible for all corporate functions including:• Mergers & Acquisitions• Corporate Finance• Accounting• Human Resources• Information Technology• Legal Affairs • Risk Management• Carrier Relations

The plan is to consolidate non-client related activities within Corporate Services and maintain client activities in the local operations.


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$208MM


Major ProgramsMajor Programs

Sector Premium ExistenceCSAC Programs Public Entity $75 MM 20 yrsPEPIP Public Entity $70 MM 14 yrsSLIP Public Entity $ 6 MM 8 yrsTribal First WC Indian Nations $50 MM 7 yrsTPIP Indian Nations $15 MM 3 yrsTribal First ALA Indian Nations $15 MM 10 yrsLaw Firms Commercial $50 MM 25 yrsRefuse Haulers Commercial $10 MM 10 yrsConserve-a-Nation Commercial $8 MM 10 yrs Parking Garages Commercial $8 MM 15 yrsEnergy Commercial $8 MM 10 yrs


Tribal FirstCommercial ProgramsPublic Sector ProgramsProQuestConserve-a-nation

Distribution MapDistribution Map

Financial Partner


Lindsay Goldberg & Bessemer (LGB)Lindsay Goldberg & Bessemer (LGB)

On November 30, 2005 Alliant was purchased from its prior shareholders by a new group comprised primarily of your management team, brokers, and our new financial partner LGB

Management and broker ownership represents just shy of 50%

LGB is a $2.0 billion New York-based private equity fund

LGB partners with:

Well managed businesses committed to growth

Companies that differentiate themselves in their industry


LGB’s Attraction to AlliantLGB’s Attraction to Alliant

Stable and growing organization

Specialty niche market focus

Highly experienced management team

Best in class organic revenue growth

Strong producer culture

Successful acquisition track record

Committed to our vision


Our VisionOur Vision

“Alliant will emerge as the premiere U.S. specialty broker providing advantaged, program-based risk solutions for the middle market.”


Core ValuesCore Values

Quality people Customer focusedEntrepreneurial environmentOpen access to all resourcesTeam environmentFair and equitable compensationSustained growth and profitability Flat management structureContinuous improvementNo politics

Producer Profile


Producer ProfileProducer Profile

Alliant fosters a sales driven, entrepreneurial environment.

Maintaining the flat organizational structure is dependent on hiring producers that are self motivated and do not require a significant amount of management.

The average tenure for Alliant’s producers is 11 years.


Producer Profile (cont.)Producer Profile (cont.)

Alliant’s producers are under contract which provides the company with protective covenants and the producers with…

35% commission (“new” and “renewal”)

A post separation payment provision that provides the producer with “quasi-equity” in the business originated.

It is Alliant’s philosophy to provide equity opportunities to its brokers. Such opportunities are considered on an individual basis.

Business Plan


Business PlanBusiness Plan

Organic Growth:Recruitment of quality proven producers (i.e. “leveraged hires”)Creation and expansion of Broker Revenue Groups (BRG’s), broker teams that share personal income Continuation of Broker Development ProgramProviding our producers with differentiated products and programs

Strategic Acquisitions:Builders not Sellers… we will acquire only strategic acquisition (for which there are no geographic bounds)Acquisition candidates will have dynamic sales culture that compliments Alliant’s valuesCandidates will typically be either specialty oriented or have a dominant geographic presence


18.0%17.0%

15.0%

13.0% 13.0%12.1%

8.8% 8.1%

13.1%

24.4%23.6%

9.4% 10.0%

13.0%12.0%

9.0%

4.7%

15.0%

5.9%5.5%

5.0%

2.3%

4.0%3.6%

14.4%

2.0%

0.0%

4.3%

1.8%(2.0%)

Historical organic revenue growth rateHistorical organic revenue growth rate

Best-in-class organic growthBest-in-class organic growth

’03 ’04’02’03 ’04’02 ’03 ’04’02 ’03 ’04’02 ’03 ’04’02 ’03 ’04’02 ’03 ’04’02 ’03 ’04’02 ’03 ’04’02 ’03 ’04’02Alliant Competitor

averageWillis Marsh &

McLennanHub

InternationalArthur J. Gallagher

Aon Brown & Brown

Hilb Rogal & Hobbs

U.S.I.

Organic growth drives employee opportunities!


Proven acquisition historyProven acquisition history

“Acquisitions are not the future but the foundation for future growth”

Historical revenue and growthHistorical revenue and growth

0 50 100 150 200 250

Driver

Kelter

Affinity

ACP

Franey

Alliant

Revenue at Acquisition Growth


Where does this take us?Where does this take us?

2005: $200M Revenue

2010: $500M Revenue

A strategy of “independence” to:Maintain our Culture

Provide Professional Growth Opportunities

Enable an IPO by 2010

Growing a great company…


Growing a great company…

Driver Specialty Group

Driver Commercial Group

Franey Muha Commercial Group

Kelter Commercial Group

Alliant Specialty Insurance Services

Alliant Risk Services

(ProQuest)

(Tribal First)

Documents

Company Introduction May 2006. Copyright 2006, Alliant Resources Group, Inc. - Confidential, not for distribution Corporate Profile 2006 Revenues $200,000,000+