Philadelphia Consolidated Holding Corp - Annual Statement of Changes in Beneficial Ownership (5)

FORM 5 [ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). [ ] Form 3 Holdings Reported [ ] Form 4 Transactions Reported	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES	OMB APPROVAL OMB Number: 3235-0362 Expires: January 31, 2008 Estimated average burden hours per response... 1.0
	Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940

1. Name and Address of Reporting Person * MAGUIRE JAMES J ET AL	2. Issuer Name and Ticker or Trading Symbol PHILADELPHIA CONSOLIDATED HOLDING CORP [PHLY]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) __ X __ Director                      __ X __ 10% Owner __ X __ Officer (give title below)      _____ Other (specify below) Chairman of the BOD
(Last)          (First)          (Middle) SUITE 100,  ONE BALA PLAZA	3. Statement for Issuer's Fiscal Year Ended (MM/DD/YYYY) 12/31/2007
(Street) BALA CYNWYD, PA 19004 (City)        (State)        (Zip)	4. If Amendment, Date Original Filed (MM/DD/YYYY)	6. Individual or Joint/Group Filing (Check Applicable Line) _ X _ Form Filed by One Reporting Person ___ Form Filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security (Instr. 3)	2. Trans. Date	2A. Deemed Execution Date, if any	3. Trans. Code (Instr. 8)	4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
				Amount	(A) or (D)	Price
Common Stock (no par value)	12/14/2007		G	50000   (1)	D	$0.00	9605109	D   (2)
Common Stock (no par value)	12/14/2007		G	50000   (1)	A	$0.00	3006030	I   (3)	See Footnote   (3)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Trans. Date	3A. Deemed Execution Date, if any	4. Trans. Code (Instr. 8)	5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (MM/DD/YYYY)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of Derivative Securities Beneficially Owned at End of Issuer's Fiscal Year (Instr. 4)	10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
					(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:
( 1)	This reflects a gift made by Mr. Maguire to a foundation of which he and his wife are directors.
( 2)	Of these shares, 5,251,500 are owned jointly by Mr. Maguire and his wife, Frances M. Maguire.
( 3)	Of these shares: 989,836 shares are held by trusts of which Ms. Frances M. Maguire, Mr. James J. Maguire's wife, is the trustee and the children of Ms. Maguire and Mr. James J. Maguire are the beneficiaries; 603,396 shares are held in family trusts of which Mr. Maguire's wife is co-trustee; 824,798 shares are owned by the Maguire Foundation, of which Mr. Maguire is co-director with his wife, and 588,000 shares are owned of record by Mr. Maguire's wife. Mr. Maguire disclaims beneficial ownership of these 3,006,030 shares and the filing of this report is not an admission that he is a beneficial owner of these shares for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.

Reporting Owners
Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
MAGUIRE JAMES J ET AL SUITE 100 ONE BALA PLAZA BALA CYNWYD, PA 19004	X	X	Chairman of the BOD

Signatures
Craig P. Keller, Attorney-In-Fact		2/14/2008
** Signature of Reporting Person		Date

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).
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