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Donegal Group (NASDAQ: DGICA) replaces KPMG with BDO as independent auditor

Filing Impact
(High)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Donegal Group Inc. has changed its independent auditor for the 2026 fiscal year. On June 11, 2026, the company dismissed KPMG LLP as its independent registered public accounting firm and, after a competitive process, engaged BDO USA, P.C. for the year ending December 31, 2026.

The company states that KPMG’s audit reports for the years ended December 31, 2025 and 2024 contained no adverse opinions, disclaimers, or qualifications, and that there were no disagreements or reportable events with KPMG during that period. Donegal also notes it did not previously consult BDO on accounting or auditing matters before the engagement.

Positive

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Negative

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Insights

Donegal changes auditors from KPMG to BDO with no reported disputes.

Donegal Group is replacing KPMG with BDO USA as its independent registered public accounting firm for the fiscal year ending December 31, 2026, following a competitive selection process. The prior KPMG reports on 2024 and 2025 carried clean opinions.

The company explicitly states there were no disagreements with KPMG on accounting principles, disclosures, or audit scope, and no reportable events under Item 304 of Regulation S-K. It also indicates there were no prior consultations with BDO on specific accounting questions before engagement.

This points to an auditor rotation framed as routine rather than dispute-driven. Future periodic filings will show how BDO approaches key estimates and disclosures, but based on these statements, the change is positioned as an administrative governance decision.

Item 4.01 Changes in Registrant's Certifying Accountant Governance
The company changed its independent auditing firm, which may involve disagreements on accounting matters.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Auditor dismissal date June 11, 2026 KPMG informed of dismissal as independent auditor
Fiscal years covered by KPMG reports Years ended December 31, 2025 and 2024 Most recent audited consolidated financial statements
KPMG SEC letter date June 17, 2026 Exhibit 16.1 letter addressed to SEC
independent registered public accounting firm financial
"its dismissal as the Company’s independent registered public accounting firm for the 2026 fiscal year"
An independent registered public accounting firm is an outside accounting company officially registered with the government regulator to examine and report on a public company's financial records and controls. Investors treat its reports like an impartial inspector’s certificate — they add credibility to financial statements, help spot errors or misleading claims, and reduce the risk that shareholders are relying on unchecked or biased numbers.
Audit Committee financial
"The change in the Company’s independent registered public accounting firm was approved by the Company’s Audit Committee."
A company's audit committee is a small group of board members who act like independent inspectors for the firm's finances, overseeing how financial reports are prepared, monitoring internal controls, and managing the relationship with external auditors. Investors care because a strong audit committee reduces the risk of accounting errors, fraud, or misleading statements, making financial statements more trustworthy and helping protect shareholder value.
reportable events regulatory
"no reportable events of the type listed in paragraphs (A) through (D) of Item 304(a)(1)(v) of Regulation S-K."
Reportable events are significant incidents or changes a company is legally required to disclose to regulators and the public, such as major safety problems, legal actions, financial irregularities, or management changes. They matter to investors because these events can alter a company’s risk profile or future performance, much like a dashboard warning light signals a problem that could affect a car’s safety or reliability. Timely disclosure helps investors make informed decisions and maintain market fairness.
Regulation S-K regulatory
"Item 304(a)(1)(v) of Regulation S-K."
A set of U.S. Securities and Exchange Commission rules that tell public companies which narrative and qualitative details must be disclosed in filings, such as risk factors, management discussion, executive pay, legal proceedings and business description. Think of it as a standardized checklist or blueprint that ensures investors get the same types of background information from every company so they can compare risks, management quality and strategy before making investment decisions.
disagreements financial
"no disagreements with KPMG on any matter of accounting principles or practices, financial statement disclosures, or auditing scope or procedures"
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549

FORM 8-K

Current Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):  June 11, 2026

 
Donegal Group Inc.
 
 
(Exact name of registrant as specified in its charter)
 

Delaware
 
0-15341
 
23-2424711
(State or other jurisdiction of incorporation)
 
(Commission file number)
 
(I.R.S. employer identification no.)

1195 River Road, Marietta, Pennsylvania
 
17547
(Address of principal executive offices)
 
(Zip code)

Registrant's telephone number, including area code:  717-426-1931

 
Not Applicable
 
 
(Former name or former address, if changed since last report)
 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Securities registered pursuant to Section 12(b) of the Act:

 
 
Title of Each Class
 
Trading
Symbols
 
Name of Exchange on Which
Registered
 
Class A Common Stock, $.01 par value
 
DGICA
 
The NASDAQ Global Select Market
 
Class B Common Stock, $.01 par value
 
DGICB
 
The NASDAQ Global Select Market



Item 4.01
Changes in Registrant’s Certifying Accountant.

(a) Dismissal of Independent Registered Public Accounting Firm

On June 11, 2026, Donegal Group Inc. (the “Company”) informed KPMG LLP (“KPMG”) of its dismissal as the Company’s independent registered public accounting firm for the 2026 fiscal year, effective immediately.  The change in the Company’s independent registered public accounting firm was approved by the Company’s Audit Committee.

The reports of KPMG on the Company’s consolidated financial statements for the two most recent fiscal years ended December 31, 2025 and December 31, 2024 did not contain an adverse opinion or a disclaimer of opinion, nor were they qualified or modified as to uncertainty, audit scope or accounting principles.

During the Company’s two most recent fiscal years ended December 31, 2025 and December 31, 2024, and during the subsequent interim period through June 11, 2026, there were (1) no disagreements with KPMG on any matter of accounting principles or practices, financial statement disclosures, or auditing scope or procedures, which disagreements, if not resolved to the satisfaction of KPMG, would have caused KPMG to make reference to the subject matter of the disagreements in connection with its reports, and (2) no reportable events of the type listed in paragraphs (A) through (D) of Item 304(a)(1)(v) of Regulation S-K.

The Company provided KPMG with a copy of this Current Report on Form 8-K prior to its filing with the U.S. Securities and Exchange Commission (“SEC”) and requested that KPMG furnish the Company with a letter addressed to the SEC stating whether or not KPMG agrees with the above statements. The letter from KPMG is filed with this Current Report on Form 8-K as Exhibit 16.1.

(b) Engagement of New Independent Registered Public Accounting Firm

Following the competitive process to determine the Company’s independent registered public accounting firm, on June 11, 2026, the Company engaged BDO USA, P.C. (“BDO”) as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2026.

During the Company’s two most recent fiscal years ended December 31, 2025 and December 31, 2024, and during the subsequent interim period through June 11, 2026, neither the Company, nor anyone on its behalf, has consulted BDO with respect to (1) the application of accounting principles to a specified transaction, either completed or proposed, or the type of audit opinion that might be rendered on the Company’s consolidated financial statements, and neither a written report was provided to the Company nor oral advice was provided to the Company that BDO concluded was an important factor considered by the Company in reaching a decision as to the accounting, auditing or financial reporting issue or (2) any matter that was either the subject of a disagreement (as defined in Item 304(a)(1)(iv) of Regulation S-K and the related instructions) or a reportable event (as described in Item 304(a)(1)(v) of Regulation S-K).


Item 9.01.
Financial Statements and Exhibits.

(d) Exhibits.

Exhibit
No.
 
Description
16.1
 
Letter of KPMG LLP to the SEC, dated June 17, 2026
104
 
Cover Page Interactive Data File (embedded within the Inline XBRL document)


SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
 
DONEGAL GROUP INC.
   
 
By:

/s/ Jeffrey D. Miller
 
   
Jeffrey D. Miller, Executive Vice
   
President and Chief Financial Officer
 
Date:  June 17, 2026
 



FAQ

What did Donegal Group Inc. (DGICA) announce about its external auditor?

Donegal Group Inc. changed its external auditor for the 2026 fiscal year. The company dismissed KPMG LLP and engaged BDO USA, P.C. as its new independent registered public accounting firm after a competitive process, effective for the year ending December 31, 2026.

Why was KPMG LLP dismissed as Donegal Group’s independent registered public accounting firm?

Donegal Group informed KPMG LLP of its dismissal as auditor for the 2026 fiscal year on June 11, 2026. The change was approved by the Audit Committee, and the company reports no disagreements or reportable events with KPMG during the past two fiscal years or subsequent interim period.

Did KPMG have any disagreements with Donegal Group Inc. before its dismissal?

Donegal Group states there were no disagreements with KPMG on accounting principles, financial statement disclosures, or audit scope. It also reports no reportable events under Item 304(a)(1)(v) of Regulation S-K during the two most recent fiscal years or the interim period through June 11, 2026.

Who is Donegal Group’s new independent auditor and when does the engagement start?

Donegal Group engaged BDO USA, P.C. as its new independent registered public accounting firm on June 11, 2026. BDO will serve as auditor for the fiscal year ending December 31, 2026, following a competitive process overseen by the company’s Audit Committee.

Did Donegal Group consult BDO USA before appointing it as auditor?

Donegal Group reports that neither it nor anyone on its behalf consulted BDO USA about accounting principles, specific transactions, or potential audit opinions. It also notes there were no consultations on matters involving disagreements or reportable events before BDO’s engagement on June 11, 2026.

What additional document did KPMG provide regarding Donegal Group’s auditor change?

KPMG LLP was given a copy of the company’s disclosure and asked to confirm its agreement with the statements. KPMG’s response is included as Exhibit 16.1, a letter addressed to the SEC dated June 17, 2026, attached to Donegal Group’s current report.

Filing Exhibits & Attachments

5 documents