AFFILIATED MANAGERS GROUP

Ticker: AMG CUSIP: 008252108 Class: COM

Philadelphia Financial Management of San Francisco, LLC's Holding History (CIK: 0001351407)

Note: Option positions (PUT/CALL) are excluded.

Q1 2017

Shares 92,022 Value ($000) $15,086 Avg Close $153.31 Range $135.07 - $166.39

Q4 2016

Shares 129,853 Value ($000) $18,868 Avg Close $140.58 Range $126.32 - $157.66

Q3 2016

Shares 112,327 Value ($000) $16,254 Avg Close $138.59 Range $126.84 - $143.96

Q2 2016

Shares 87,608 Value ($000) $12,333 Avg Close $158.47 Range $126.98 - $174.12

Q4 2015

Shares 99,421 Value ($000) $15,883 Avg Close $166.43 Range $137.16 - $184.66

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2017	92,022	$15,086	$153.31	$135.07 - $166.39
Q4 2016	129,853	$18,868	$140.58	$126.32 - $157.66
Q3 2016	112,327	$16,254	$138.59	$126.84 - $143.96
Q2 2016	87,608	$12,333	$158.47	$126.98 - $174.12
Q4 2015	99,421	$15,883	$166.43	$137.16 - $184.66