Donegal Group Stock Price, News & Analysis

Donegal Group Inc. (NASDAQ:DGICA, DGICB) announces plans to release its fourth quarter and full-year results on February 23, 2023, prior to the NASDAQ market opening. Accompanying the earnings announcement, an investor presentation will be made available on the company's website. A pre-recorded audio webcast featuring management will be accessible at 8:30 AM ET on the same day, including a Q&A session. Donegal Group, an insurance holding company, operates in various states, providing commercial and personal property and casualty insurance. Notably, the firm maintains an A.M. Best rating of A (Excellent).

Donegal Group Inc. (NASDAQ:DGICA, DGICB) declared a quarterly cash dividend of $0.165 per share for Class A common stock and $0.1475 per share for Class B common stock. The dividends are scheduled for payment on February 15, 2023, to stockholders on record as of February 1, 2023. Donegal Group operates as an insurance holding company, offering commercial and personal property and casualty insurance in 24 states. It holds an A.M. Best rating of A (Excellent), focusing on sustained financial performance and operational modernization.

Donegal Group reported a net loss of $10.4 million for Q3 2022, translating to a 33-cent loss per Class A share, a 54.6% increase from a loss of $6.7 million in Q3 2021. Net premiums earned rose by 5.0% to $206.1 million, while net premiums written increased 4.7%. The combined ratio deteriorated to 109.6% from 107.7% due to heightened weather-related and fire loss activity. Investment losses totaled $2.4 million, impacting overall results. Book value per share decreased to $14.85, down 13.7% from the prior year, reflecting unrealized losses in fixed-maturity securities.

Donegal Group declared a quarterly cash dividend of $0.165 per share for Class A common stock and $0.1475 for Class B common stock. This dividend is payable on November 15, 2022, to stockholders of record as of November 1, 2022. The company, which operates in the insurance sector across 24 states, aims for sustained financial performance and operational modernization. Donegal Group holds an A.M. Best rating of A (Excellent), indicating strong creditworthiness.

Donegal Group Inc. (NASDAQ:DGICA, DGICB) will release its Q3 2022 financial results on October 27, 2022, before NASDAQ trading begins. The Company will host a pre-recorded audio webcast featuring management commentary at 8:30 AM ET on the same day, with a Q&A session to follow. Investors can submit questions via email by October 20, 2022. Donegal Group Inc. offers diverse property and casualty insurance across several U.S. states and maintains an A.M. Best rating of A (Excellent).

Donegal Group reported a net loss of $8.2 million for Q2 2022, equating to 26 cents per Class A share, compared to a profit of $16.2 million in Q2 2021. Despite an increase in net premiums earned by 6% to $204.1 million, the company's combined ratio rose to 105% from 96.1%. Notably, after-tax investment losses reached $6.6 million due to equity declines. As of June 30, 2022, the book value per share was $15.87, down 10% year-over-year. Management anticipates improved results from premium rate increases implemented in 2022 and 2023.

Donegal Group declared a quarterly cash dividend of $0.165 per share for Class A common stock and $0.1475 for Class B common stock. The dividends will be paid on August 15, 2022, to stockholders of record by August 1, 2022. The company, an insurance holding entity, operates across 24 states and maintains an A.M. Best rating of A (Excellent). Donegal Group focuses on achieving excellent financial performance, modernizing operations, and enhancing agent and customer experiences.

Donegal Insurance Group has appointed David W. Sponic as Senior Vice President of Personal Lines, succeeding Jeff Jacobsen who will retire in early 2023. Sponic, a veteran with over three decades at Donegal, has been pivotal in leading several initiatives, including the launch of new Personal Lines products and enhancing the agency portal. His industry expertise positions Donegal to thrive in a competitive market. The company operates across 24 states, offering a range of property and casualty insurance, and holds an A.M. Best rating of A (Excellent).

Donegal Group Inc. (NASDAQ:DGICA, DGICB) will release its second-quarter results on July 28, 2022, before NASDAQ trading begins. A supplemental investor presentation will be available on the company’s website. At 8:30 am EDT on the same day, management will host a pre-recorded audio webcast featuring key executives including the CEO and CFO, followed by a Q&A session. Interested parties can submit questions via email by July 21, 2022. Donegal Group is an insurance holding company operating in 24 states with a focus on delivering superior experiences to agents and customers while achieving strong financial performance.