VALIDUS HOLDINGS LTD

CUSIP: G9319H102 Class: COM

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

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

Q4 2017
Shares 330,356 Value ($000) $15,500 Avg Close — Range —
Q3 2017
Shares 215,685 Value ($000) $10,614 Avg Close — Range —
Q2 2017
Shares 293,633 Value ($000) $15,260 Avg Close — Range —