Donegal Group News

Donegal Group Reports $11.8M Q1 Net Income

Donegal Group Inc. reported net income of $11.8 million for the first quarter of 2016, a 73 percent increase over $6.9 million for the first quarter of 2015. The Marietta, Pennsylvania-based insurer said net premiums written for the 2016 first …

Pennsylvania’s Donegal Buys Out Activist Investor’s Shares for $70M

Gregory M. Shepard, an activist investor who’s been a major stockholder of Pennsylvania-based Donegal Group and a frequent critic of the company, has sold off his shares Tuesday, according to securities filings. Shepard’s stake consisted of 3.675 million shares of …

Donegal Group Reports $5.7M Q3 Net Income

Donegal Group Inc. today reported $5.69 million net income for its 2015 third quarter, down from $8.75 million net income a year earlier. The Marietta, Pennsylvania-based insurer said its latest quarterly results were adversely affected by higher weather-related losses. For …

Pennsylvania’s Donegal Group Appoints Burke as President & CEO

Donegal Group Inc. in Marietta, Pennsylvania, announced on July 17 that its Board of Directors has appointed Kevin G. Burke as Donegal Group’s president and chief executive officer. Burke succeeds Donald H. Nikolaus, who returned from his temporary medical leave …

Donegal Group CEO Nikolaus to Take Temporary Medical Leave

Donegal Group Inc. in Marietta, Pennsylvania, announced on Aug. 29 that its chief executive officer, Donald H. Nikolaus, will be on a temporary medical leave of absence. The board has named Donegal Group’s Executive Vice President and Chief Operating Officer …

Donegal Group’s Q2 Profit Declines 26% to $1.9M

Donegal Group Inc. in Marietta, Pennsylvania, today reported $1.94 million net income for its 2014 second quarter, a decline of 26 percent from $2.63 million net income posted during the 2013 second quarter. The insurer said its second quarter earnings …

Donegal Group’s Q3 Profit Up 12% to $7.7M

Donegal Group Inc. of Marietta, Penn., reported on Oct. 25 net income of $7.654 million for its 2013 third quarter, an 11.9 percent increase over $6.839 million net income reported a year ago. Total net premiums written for the latest …

Best Affirms Donegal Insurance Group Ratings; Outlook Stable

A.M. Best Co. has affirmed the financial strength ratings (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of the Pennsylvania-based members of the Donegal Insurance Group, as well as Michigan Insurance Company (MICO), and has also affirmed …

Donegal Group Posts $2.6M Q2 Profit

Donegal Group Inc. of Marietta, Penn., today reported net income of $2.6 million for the second quarter of 2013, compared to $2.0 million net income for second quarter of 2012. The company said the profit increase is primarily attributable to …

Penn.-Based Donegal Group Posts $6.5M Q1 Income

Marietta, Penn.-based Donegal Group Inc. reported on Wednesday net income of $6.5 million for the first quarter of 2013, down nearly 17 percent compared to $8.0 million profit for first quarter of 2012. The company said the decrease was primarily …