AMERISAFE INC

Ticker: AMSF CUSIP: 03071H100 Class: Common Stock

Municipal Employees' Retirement System of Michigan's Holding History (CIK: 0001588873)

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

Q1 2020

Shares 5,980 Value ($000) $386 Avg Close $39.96 Range $29.38 - $49.12

Q4 2019

Shares 5,910 Value ($000) $390 Avg Close $39.30 Range $35.96 - $41.52

Q3 2019

Shares 5,810 Value ($000) $384 Avg Close $38.13 Range $36.07 - $40.20

Q2 2019

Shares 5,740 Value ($000) $366 Avg Close $34.28 Range $32.42 - $36.99

Q1 2019

Shares 5,650 Value ($000) $336 Avg Close $33.88 Range $30.45 - $37.10

Q4 2018

Shares 5,570 Value ($000) $316 Avg Close $33.83 Range $28.75 - $36.46

Q2 2018

Shares 5,430 Value ($000) $314 Avg Close $31.13 Range $27.70 - $33.03

Q1 2018

Shares 7,690 Value ($000) $425 Avg Close $31.01 Range $28.05 - $33.65

Q4 2017

Shares 7,220 Value ($000) $445 Avg Close $31.85 Range $28.95 - $34.00

Q3 2017

Shares 7,220 Value ($000) $420 Avg Close $28.05 Range $25.62 - $30.72

Q2 2017

Shares 4,540 Value ($000) $259 Avg Close $28.41 Range $25.47 - $33.46

Q1 2017

Shares 4,360 Value ($000) $283 Avg Close $31.93 Range $30.47 - $34.42

Q4 2016

Shares 4,360 Value ($000) $272 Avg Close $28.86 Range $25.09 - $31.59

Q3 2016

Shares 4,250 Value ($000) $250 Avg Close $27.88 Range $25.92 - $29.58

Q2 2016

Shares 4,180 Value ($000) $256 Avg Close $26.75 Range $23.39 - $30.46

Q1 2016

Shares 4,080 Value ($000) $214 Avg Close $23.49 Range $21.84 - $25.38

Q4 2015

Shares 3,860 Value ($000) $196 Avg Close $23.32 Range $21.35 - $25.08

Q3 2015

Shares 3,680 Value ($000) $183 Avg Close $21.15 Range $19.47 - $23.02

Q2 2015

Shares 3,600 Value ($000) $169 Avg Close $19.64 Range $18.07 - $21.17

Q1 2015

Shares 3,600 Value ($000) $167 Avg Close $18.39 Range $17.18 - $20.39

Q4 2014

Shares 4,800 Value ($000) $203 Avg Close $17.64 Range $16.30 - $18.73

Q3 2014

Shares 4,800 Value ($000) $188 Avg Close $16.21 Range $14.82 - $17.80

Q2 2014

Shares 4,500 Value ($000) $183 Avg Close $16.74 Range $15.01 - $18.94

Q1 2014

Shares 4,500 Value ($000) $198 Avg Close $17.41 Range $15.91 - $19.03

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2020	5,980	$386	$39.96	$29.38 - $49.12
Q4 2019	5,910	$390	$39.30	$35.96 - $41.52
Q3 2019	5,810	$384	$38.13	$36.07 - $40.20
Q2 2019	5,740	$366	$34.28	$32.42 - $36.99
Q1 2019	5,650	$336	$33.88	$30.45 - $37.10
Q4 2018	5,570	$316	$33.83	$28.75 - $36.46
Q2 2018	5,430	$314	$31.13	$27.70 - $33.03
Q1 2018	7,690	$425	$31.01	$28.05 - $33.65
Q4 2017	7,220	$445	$31.85	$28.95 - $34.00
Q3 2017	7,220	$420	$28.05	$25.62 - $30.72
Q2 2017	4,540	$259	$28.41	$25.47 - $33.46
Q1 2017	4,360	$283	$31.93	$30.47 - $34.42
Q4 2016	4,360	$272	$28.86	$25.09 - $31.59
Q3 2016	4,250	$250	$27.88	$25.92 - $29.58
Q2 2016	4,180	$256	$26.75	$23.39 - $30.46
Q1 2016	4,080	$214	$23.49	$21.84 - $25.38
Q4 2015	3,860	$196	$23.32	$21.35 - $25.08
Q3 2015	3,680	$183	$21.15	$19.47 - $23.02
Q2 2015	3,600	$169	$19.64	$18.07 - $21.17
Q1 2015	3,600	$167	$18.39	$17.18 - $20.39
Q4 2014	4,800	$203	$17.64	$16.30 - $18.73
Q3 2014	4,800	$188	$16.21	$14.82 - $17.80
Q2 2014	4,500	$183	$16.74	$15.01 - $18.94
Q1 2014	4,500	$198	$17.41	$15.91 - $19.03