Donegal Group Inc - DGICB STOCK NEWS

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.

Donegal Group Inc. (NASDAQ:DGICA, DGICB) has announced a live conference call and webcast scheduled for October 28, 2021, at 11:00 AM Eastern Time, to discuss its third-quarter results for the period ending September 30, 2021. The company will release its financial results on October 27, 2021, after market close. Known for offering personal and commercial property and casualty insurance across 24 states, Donegal Group aims for sustained financial performance and operational modernization. The Donegal Insurance Group holds an A.M. Best rating of A (Excellent).

Donegal Group reported its Q2 2021 results with a net income of $16.2 million, a 28.7% decline compared to Q2 2020. Net premiums earned rose 4.4% to $192.5 million, while net premiums written increased by 8.2% to $209.6 million. The combined ratio also worsened to 96.1% from 92.3%. Earnings per diluted Class A share was 53 cents, down from 79 cents. Although the company experienced growth in commercial lines premiums of 19.9%, personal lines saw a decline of 6.4%. Book value per share improved to $17.64, a 5.2% increase year-over-year.

Donegal Group declared a quarterly cash dividend of $0.16 per share for Class A common stock and $0.1425 per share for Class B common stock. These dividends are set to be paid on August 16, 2021, to shareholders of record by the close of business on August 2, 2021. Operating in 24 states, Donegal Group's insurance subsidiaries are rated A (Excellent) by A.M. Best. The company is focused on achieving sustained financial performance, modernizing operations, and enhancing the customer experience.

Donegal Group Inc. (NASDAQ:DGICA, DGICB) will hold a live conference call on July 28, 2021, at 11:00 AM ET to discuss its Q2 results for the period ending June 30, 2021. The quarterly results will be released on July 27, 2021, after regular NASDAQ trading hours. Donegal Group operates in 24 states, offering personal and commercial property and casualty insurance through its subsidiaries, which have an A.M. Best rating of A (Excellent). The firm aims for sustained financial performance and operational modernization.

Donegal Group reported strong first quarter 2021 results with a net income of $10.5 million, or $0.35 per diluted Class A share, up from $3.7 million a year earlier. Net premiums earned remained stable at $187.3 million, while net premiums written saw an 8.9% increase to $215.9 million. The combined ratio rose to 98.5%, reflecting elevated fire losses impacting the commercial multi-peril line. The company experienced a significant shift from net investment losses to gains, with after-tax net investment gains of $2.5 million. Book value per share rose to $17.29, compared to $15.92 in 2020.

Donegal Group declared a quarterly cash dividend of $0.16 for Class A and $0.1425 for Class B common stock, payable on May 17, 2021. This reflects increases of 6.7% and 7.5%, respectively, compared to previous dividends. The company operates in 24 states and has an A.M. Best rating of A (Excellent). They aim for strong financial performance, operational modernization, and enhancing agent and customer experiences.