NELNET INC

Ticker: NNI CUSIP: 64031N108 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 46,910 Value ($000) $6,237 Avg Close $130.83 Range $121.27 - $140.87

Q4 2023

Shares 79,169 Value ($000) $6,984 Avg Close $86.55 Range $81.67 - $90.58

Q2 2015

Shares 217,271 Value ($000) $9,410 Avg Close $43.92 Range $40.81 - $48.69

Q1 2015

Shares 588,070 Value ($000) $27,827 Avg Close $46.14 Range $43.00 - $48.80

Q4 2014

Shares 743,986 Value ($000) $34,469 Avg Close $45.54 Range $42.42 - $48.52

Q3 2014

Shares 713,389 Value ($000) $30,740 Avg Close $42.91 Range $40.16 - $45.91

Q2 2014

Shares 718,312 Value ($000) $29,760 Avg Close $40.94 Range $38.42 - $44.20

Q1 2014

Shares 701,069 Value ($000) $28,674 Avg Close $39.47 Range $34.86 - $44.30

Q4 2013

Shares 651,083 Value ($000) $27,437 Avg Close $42.18 Range $38.00 - $45.49

Q3 2013

Shares 648,638 Value ($000) $24,940 Avg Close $38.64 Range $36.06 - $41.74

Q2 2013

Shares 796,846 Value ($000) $28,758 Avg Close $35.78 Range $31.56 - $39.98

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	46,910	$6,237	$130.83	$121.27 - $140.87
Q4 2023	79,169	$6,984	$86.55	$81.67 - $90.58
Q2 2015	217,271	$9,410	$43.92	$40.81 - $48.69
Q1 2015	588,070	$27,827	$46.14	$43.00 - $48.80
Q4 2014	743,986	$34,469	$45.54	$42.42 - $48.52
Q3 2014	713,389	$30,740	$42.91	$40.16 - $45.91
Q2 2014	718,312	$29,760	$40.94	$38.42 - $44.20
Q1 2014	701,069	$28,674	$39.47	$34.86 - $44.30
Q4 2013	651,083	$27,437	$42.18	$38.00 - $45.49
Q3 2013	648,638	$24,940	$38.64	$36.06 - $41.74
Q2 2013	796,846	$28,758	$35.78	$31.56 - $39.98