UNITED INS HLDGS CORP

Ticker: ACIC CUSIP: 910710102 Class: Common Stock

Pine River Capital Management L.P.'s Holding History (CIK: 0001288136)

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

Q3 2014

Shares 414,355 Value ($000) $6,216 Avg Close $11.99 Range $9.85 - $13.52

Q2 2014

Shares 162,803 Value ($000) $2,809 Avg Close $12.39 Range $10.34 - $14.12

Q1 2014

Shares 356,487 Value ($000) $5,208 Avg Close $10.44 Range $9.08 - $12.33

Q4 2013

Shares 156,299 Value ($000) $2,201 Avg Close $7.66 Range $6.29 - $10.96

Q3 2013

Shares 133,627 Value ($000) $1,180 Avg Close $5.89 Range $5.13 - $6.78

Q2 2013

Shares 180,229 Value ($000) $1,259 Avg Close $4.61 Range $4.14 - $5.34

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2014	414,355	$6,216	$11.99	$9.85 - $13.52
Q2 2014	162,803	$2,809	$12.39	$10.34 - $14.12
Q1 2014	356,487	$5,208	$10.44	$9.08 - $12.33
Q4 2013	156,299	$2,201	$7.66	$6.29 - $10.96
Q3 2013	133,627	$1,180	$5.89	$5.13 - $6.78
Q2 2013	180,229	$1,259	$4.61	$4.14 - $5.34