SAFETY INS GROUP INC

Ticker: SAFT CUSIP: 78648T100 Class: Common Stock

Vulcan Value Partners, LLC's Holding History (CIK: 0001556785)

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

Q3 2016

Shares 369,797 Value ($000) $24,858 Avg Close $65.27 Range $60.79 - $68.69

Q2 2016

Shares 551,650 Value ($000) $33,971 Avg Close $58.56 Range $54.43 - $62.55

Q1 2016

Shares 670,791 Value ($000) $38,275 Avg Close $55.76 Range $52.23 - $57.97

Q4 2015

Shares 653,804 Value ($000) $36,861 Avg Close $56.02 Range $50.88 - $59.59

Q3 2015

Shares 651,447 Value ($000) $35,276 Avg Close $55.76 Range $50.78 - $60.48

Q2 2015

Shares 581,962 Value ($000) $33,585 Avg Close $57.98 Range $54.00 - $61.48

Q1 2015

Shares 578,144 Value ($000) $34,544 Avg Close $61.34 Range $57.52 - $65.98

Q4 2014

Shares 609,076 Value ($000) $38,987 Avg Close $60.00 Range $53.28 - $65.43

Q3 2014

Shares 623,353 Value ($000) $37,445 Avg Close $52.98 Range $49.50 - $55.97

Q2 2014

Shares 608,485 Value ($000) $31,264 Avg Close $52.61 Range $48.43 - $55.95

Q1 2014

Shares 462,030 Value ($000) $24,880 Avg Close $54.97 Range $53.02 - $57.40

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2016	369,797	$24,858	$65.27	$60.79 - $68.69
Q2 2016	551,650	$33,971	$58.56	$54.43 - $62.55
Q1 2016	670,791	$38,275	$55.76	$52.23 - $57.97
Q4 2015	653,804	$36,861	$56.02	$50.88 - $59.59
Q3 2015	651,447	$35,276	$55.76	$50.78 - $60.48
Q2 2015	581,962	$33,585	$57.98	$54.00 - $61.48
Q1 2015	578,144	$34,544	$61.34	$57.52 - $65.98
Q4 2014	609,076	$38,987	$60.00	$53.28 - $65.43
Q3 2014	623,353	$37,445	$52.98	$49.50 - $55.97
Q2 2014	608,485	$31,264	$52.61	$48.43 - $55.95
Q1 2014	462,030	$24,880	$54.97	$53.02 - $57.40