DONEGAL GROUP INC

Ticker: DGICA CUSIP: 257701201 Class: Common Stock

TWO SIGMA ADVISERS, LP's Holding History (CIK: 0001478735)

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

Q4 2025

Shares 41,200 Value ($000) $823 Avg Close $19.38 Range $17.73 - $20.86

Q3 2025

Shares 42,400 Value ($000) $822 Avg Close $17.86 Range $16.19 - $19.41

Q2 2025

Shares 28,400 Value ($000) $569 Avg Close $18.75 Range $16.94 - $20.49

Q1 2025

Shares 51,100 Value ($000) $1,003 Avg Close $15.56 Range $13.46 - $19.02

Q4 2024

Shares 49,200 Value ($000) $761 Avg Close $14.71 Range $13.26 - $16.15

Q3 2024

Shares 45,800 Value ($000) $675 Avg Close $13.47 Range $11.53 - $14.51

Q2 2024

Shares 55,500 Value ($000) $715 Avg Close $12.25 Range $11.38 - $13.08

Q1 2024

Shares 40,100 Value ($000) $567 Avg Close $12.94 Range $12.00 - $13.86

Q4 2023

Shares 24,800 Value ($000) $347 Avg Close $12.87 Range $12.37 - $13.49

Q3 2023

Shares 12,000 Value ($000) $171 Avg Close $13.07 Range $12.41 - $13.65

Q2 2023

Shares 12,800 Value ($000) $185 Avg Close $13.04 Range $12.31 - $13.95

Q1 2023

Shares 22,900 Value ($000) $350 Avg Close $13.12 Range $12.25 - $13.60

Q4 2022

Shares 68,600 Value ($000) $974 Avg Close $12.53 Range $11.16 - $13.52

Q3 2022

Shares 136,000 Value ($000) $1,835 Avg Close $12.86 Range $11.52 - $14.49

Q2 2022

Shares 141,400 Value ($000) $2,411 Avg Close $12.64 Range $11.01 - $14.42

Q1 2022

Shares 75,300 Value ($000) $1,010 Avg Close $11.64 Range $10.94 - $12.55

Q4 2021

Shares 45,200 Value ($000) $646 Avg Close $11.81 Range $11.17 - $12.34

Q3 2021

Shares 49,500 Value ($000) $717 Avg Close $12.25 Range $11.38 - $12.90

Q2 2021

Shares 60,100 Value ($000) $876 Avg Close $12.33 Range $11.70 - $13.19

Q2 2014

Shares 13,000 Value ($000) $199 Avg Close $9.16 Range $8.71 - $9.85

Q1 2014

Shares 13,200 Value ($000) $191 Avg Close $9.06 Range $8.43 - $9.72

Q4 2013

Shares 13,200 Value ($000) $210 Avg Close $9.61 Range $8.55 - $10.20

Q3 2013

Shares 18,200 Value ($000) $255 Avg Close $8.43 Range $8.06 - $8.92

Q2 2013

Shares 26,164 Value ($000) $366 Avg Close $8.77 Range $8.32 - $9.25

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	41,200	$823	$19.38	$17.73 - $20.86
Q3 2025	42,400	$822	$17.86	$16.19 - $19.41
Q2 2025	28,400	$569	$18.75	$16.94 - $20.49
Q1 2025	51,100	$1,003	$15.56	$13.46 - $19.02
Q4 2024	49,200	$761	$14.71	$13.26 - $16.15
Q3 2024	45,800	$675	$13.47	$11.53 - $14.51
Q2 2024	55,500	$715	$12.25	$11.38 - $13.08
Q1 2024	40,100	$567	$12.94	$12.00 - $13.86
Q4 2023	24,800	$347	$12.87	$12.37 - $13.49
Q3 2023	12,000	$171	$13.07	$12.41 - $13.65
Q2 2023	12,800	$185	$13.04	$12.31 - $13.95
Q1 2023	22,900	$350	$13.12	$12.25 - $13.60
Q4 2022	68,600	$974	$12.53	$11.16 - $13.52
Q3 2022	136,000	$1,835	$12.86	$11.52 - $14.49
Q2 2022	141,400	$2,411	$12.64	$11.01 - $14.42
Q1 2022	75,300	$1,010	$11.64	$10.94 - $12.55
Q4 2021	45,200	$646	$11.81	$11.17 - $12.34
Q3 2021	49,500	$717	$12.25	$11.38 - $12.90
Q2 2021	60,100	$876	$12.33	$11.70 - $13.19
Q2 2014	13,000	$199	$9.16	$8.71 - $9.85
Q1 2014	13,200	$191	$9.06	$8.43 - $9.72
Q4 2013	13,200	$210	$9.61	$8.55 - $10.20
Q3 2013	18,200	$255	$8.43	$8.06 - $8.92
Q2 2013	26,164	$366	$8.77	$8.32 - $9.25