INVESCO LTD

Ticker: IVZ CUSIP: G491BT108 Class: COM

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

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

Q2 2016

Shares 453,713 Value ($000) $11,588 Avg Close $19.11 Range $14.88 - $21.04

Q4 2015

Shares 441,611 Value ($000) $14,785 Avg Close $20.68 Range $18.99 - $22.19

Q3 2015

Shares 498,730 Value ($000) $15,575 Avg Close $22.28 Range $19.27 - $24.65

Q2 2015

Shares 390,914 Value ($000) $14,655 Avg Close $24.92 Range $23.28 - $26.08

Q1 2015

Shares 300,000 Value ($000) $11,907 Avg Close $24.15 Range $21.83 - $26.03

Q1 2014

Shares 406,557 Value ($000) $15,043 Avg Close $20.87 Range $19.05 - $22.47

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2016	453,713	$11,588	$19.11	$14.88 - $21.04
Q4 2015	441,611	$14,785	$20.68	$18.99 - $22.19
Q3 2015	498,730	$15,575	$22.28	$19.27 - $24.65
Q2 2015	390,914	$14,655	$24.92	$23.28 - $26.08
Q1 2015	300,000	$11,907	$24.15	$21.83 - $26.03
Q1 2014	406,557	$15,043	$20.87	$19.05 - $22.47