ALLIANCE DATA SYSTEMS CORP

Ticker: BFH CUSIP: 018581108 Class: Common Stock

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

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

Q4 2025

Shares 191,939 Value ($000) $14,209 Avg Close $65.65 Range $53.64 - $78.98

Q1 2016

Shares 28,088 Value ($000) $6,179 Avg Close $150.81 Range $121.75 - $190.20

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	191,939	$14,209	$65.65	$53.64 - $78.98
Q1 2016	28,088	$6,179	$150.81	$121.75 - $190.20