DONEGAL GROUP INC

Ticker: DGICA CUSIP: 257701201 Class: Common Stock

AXA S.A.'s Holding History (CIK: 0000898427)

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

Q2 2018

Shares 13,400 Value ($000) $182 Avg Close $10.17 Range $9.39 - $11.63

Q1 2018

Shares 23,400 Value ($000) $370 Avg Close $11.58 Range $10.37 - $12.62

Q4 2017

Shares 23,400 Value ($000) $405 Avg Close $11.93 Range $11.02 - $12.80

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2018	13,400	$182	$10.17	$9.39 - $11.63
Q1 2018	23,400	$370	$11.58	$10.37 - $12.62
Q4 2017	23,400	$405	$11.93	$11.02 - $12.80