UNITED FIRE GROUP INC

Ticker: UFCS CUSIP: 910340108 Class: Common Stock

VIRGINIA RETIREMENT SYSTEMS ET AL's Holding History (CIK: 0001005354)

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

Q4 2016

Shares 7,400 Value ($000) $364 Avg Close $44.40 Range $37.54 - $50.75

Q3 2014

Shares 9,000 Value ($000) $250 Avg Close $28.94 Range $27.36 - $30.55

Q2 2014

Shares 10,600 Value ($000) $311 Avg Close $28.56 Range $26.50 - $31.44

Q1 2014

Shares 9,300 Value ($000) $282 Avg Close $28.07 Range $24.15 - $32.02

Q4 2013

Shares 13,800 Value ($000) $396 Avg Close $29.87 Range $27.00 - $34.21

Q3 2013

Shares 14,100 Value ($000) $430 Avg Close $28.74 Range $24.90 - $32.94

Q2 2013

Shares 13,700 Value ($000) $340 Avg Close $27.77 Range $23.75 - $29.59

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2016	7,400	$364	$44.40	$37.54 - $50.75
Q3 2014	9,000	$250	$28.94	$27.36 - $30.55
Q2 2014	10,600	$311	$28.56	$26.50 - $31.44
Q1 2014	9,300	$282	$28.07	$24.15 - $32.02
Q4 2013	13,800	$396	$29.87	$27.00 - $34.21
Q3 2013	14,100	$430	$28.74	$24.90 - $32.94
Q2 2013	13,700	$340	$27.77	$23.75 - $29.59