Donegal Group Stock Price, News & Analysis

Donegal Group declared a quarterly cash dividend of $0.165 per share for Class A and $0.1475 for Class B stock. This marks a 3.1% increase for Class A and a 3.5% increase for Class B compared to previous rates. The dividends are payable on May 16, 2022, to stockholders of record by May 2, 2022. The company focuses on excellent financial performance, modernization, and profitable growth in the insurance sector across 24 states.

Donegal Insurance Group has appointed Matthew Hudnall as Senior Vice President of Commercial Lines, tasked with leading strategy and operational improvements in the Commercial Lines sector. Hudnall, a Villanova graduate with extensive experience, aims to enhance underwriting quality and customer experience. The company, which operates under the symbols DGICA and DGICB, focuses on modernization and profitable growth. Donegal has an A.M. Best rating of A (Excellent) and emphasizes strong financial performance across its operations.

Donegal Group Inc. (NASDAQ:DGICA, DGICB) will release its Q1 2022 results on April 28, 2022, before NASDAQ trading hours. Alongside its earnings press release, the company will host a pre-recorded audio webcast featuring management commentary and a Q&A session. Interested parties are invited to submit questions via email by April 21, 2022. Donegal Group operates as an insurance holding company, providing various insurance products across 24 states, with an A.M. Best rating of A (Excellent).

AM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and Long-Term Issuer Credit Ratings (ICR) of 'a' (Excellent) for Donegal Insurance Group members. The Long-Term ICR for Donegal Group Inc. is also affirmed at 'bbb' (Good), with a stable outlook. Key factors include a strong balance sheet, solid liquidity, and improved operating performance from 2019-2021. The group maintains an adequate operating performance but lags industry averages in the five-year combined ratio. AM Best recognizes Donegal's effective risk management and strategic growth through acquisitions.

Donegal Group reported its Q4 and full-year 2021 financial results, showing a 7.8% increase in net premiums earned to $200 million, yet faced a combined ratio of 101.6%. Q4 net income dropped 63.8% to $5.3 million, down from $14.6 million a year prior. Full-year net income also fell 52.2% to $25.3 million. Despite favorable reserve developments, underwriting results were affected by increased auto claim frequency and large fire losses. The company aims to prioritize profitability over growth in 2022 amidst rising inflation and economic challenges.

Donegal Group plans to release its financial results for the fourth quarter and full year ended December 31, 2021, on February 17, 2022. This announcement will occur after the NASDAQ market closes. A conference call and webcast will follow on February 18, 2022, at 11:00 AM ET to discuss the results. Donegal operates as an insurance holding company, providing personal and commercial property and casualty insurance across 24 states. The company maintains an A.M. Best rating of A (Excellent) and trades under stock symbols DGICA and DGICB.

Donegal Group Inc. (NASDAQ:DGICA, DGICB) has declared a regular quarterly cash dividend of $0.16 per share for Class A common stock and $0.1425 for Class B common stock. The dividends are set to be paid on February 15, 2022, to stockholders of record by February 1, 2022. The company's insurance subsidiaries operate as the Donegal Insurance Group, boasting an A.M. Best rating of A (Excellent), and focus on sustained financial performance and operational modernization.

Donegal Group reported a net loss of $6.7 million for Q3 2021, contrasting sharply with a net income of $11.8 million in Q3 2020. Despite this, net premiums earned rose by 6.1% to $196.2 million.

The company faced challenges with a combined ratio of 107.7%, largely driven by weather-related losses and fire claims. Investment losses totaled $1.2 million, impacting overall profitability. However, book value per share increased to $17.21 from $16.96 year-over-year, demonstrating some stability amidst the losses.

Donegal Group announced a quarterly cash dividend of $0.16 per share for Class A common stock and $0.1425 for Class B common stock. The dividends are payable on November 15, 2021, to stockholders on record as of November 1, 2021. The company, operating in 24 states, maintains an A.M. Best rating of A (Excellent) for its insurance subsidiaries. Donegal is focused on exceptional financial performance, operational modernization, and profitable growth, alongside delivering superior service to agents and customers.