UNITED INS HLDGS CORP

Ticker: ACIC CUSIP: 910710102 Class: Common Stock

Philadelphia Financial Management of San Francisco, LLC's Holding History (CIK: 0001351407)

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

Q4 2019

Shares 318,469 Value ($000) $4,016 Avg Close $10.39 Range $9.24 - $11.60

Q3 2019

Shares 681,202 Value ($000) $9,530 Avg Close $10.49 Range $8.70 - $12.14

Q2 2019

Shares 838,386 Value ($000) $11,955 Avg Close $12.09 Range $10.72 - $13.36

Q1 2019

Shares 633,181 Value ($000) $10,068 Avg Close $13.04 Range $12.26 - $13.68

Q4 2018

Shares 741,794 Value ($000) $12,329 Avg Close $15.30 Range $12.66 - $18.01

Q3 2018

Shares 660,216 Value ($000) $14,776 Avg Close $16.55 Range $15.45 - $18.00

Q2 2018

Shares 636,806 Value ($000) $12,469 Avg Close $15.84 Range $14.06 - $17.17

Q1 2018

Shares 579,082 Value ($000) $11,084 Avg Close $15.29 Range $13.72 - $16.29

Q4 2017

Shares 1,234,098 Value ($000) $21,288 Avg Close $12.89 Range $12.13 - $13.86

Q3 2017

Shares 1,453,904 Value ($000) $23,699 Avg Close $12.58 Range $10.78 - $13.25

Q2 2017

Shares 910,023 Value ($000) $14,315 Avg Close $12.33 Range $11.34 - $13.76

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2019	318,469	$4,016	$10.39	$9.24 - $11.60
Q3 2019	681,202	$9,530	$10.49	$8.70 - $12.14
Q2 2019	838,386	$11,955	$12.09	$10.72 - $13.36
Q1 2019	633,181	$10,068	$13.04	$12.26 - $13.68
Q4 2018	741,794	$12,329	$15.30	$12.66 - $18.01
Q3 2018	660,216	$14,776	$16.55	$15.45 - $18.00
Q2 2018	636,806	$12,469	$15.84	$14.06 - $17.17
Q1 2018	579,082	$11,084	$15.29	$13.72 - $16.29
Q4 2017	1,234,098	$21,288	$12.89	$12.13 - $13.86
Q3 2017	1,453,904	$23,699	$12.58	$10.78 - $13.25
Q2 2017	910,023	$14,315	$12.33	$11.34 - $13.76