Donegal Group 7/25/2024 Earnings Report

Donegal Group EPS Results

• Actual EPS: $0.11
• Consensus EPS: $0.07
• Beat/Miss: Beat by +$0.04
• One Year Ago EPS: N/A

Donegal Group Revenue Results

• Actual Revenue: $246.77 million
• Expected Revenue: $243.00 million
• Beat/Miss: Beat by +$3.77 million
• YoY Revenue Growth: N/A

Donegal Group Announcement Details

• Date: 7/25/2024
• Time: Before Market Opens
• Conference Call Date: N/A
• Conference Call Time: N/A

Donegal Group (NASDAQ:DGICA) (NASDAQ: DGICA) is a property and casualty insurance holding company headquartered in Marietta, Pennsylvania. Through a network of independent agencies, the company offers a suite of personal and commercial insurance products. Its underwriting subsidiaries provide homeowners, automobile, farmowner, commercial multi-peril, surety and umbrella coverages designed to meet the needs of individuals, families and businesses.

The company’s origins date back to 1925 with the formation of Donegal Mutual Insurance Company to serve rural communities in Pennsylvania. In 1986, a mutual holding company structure was adopted to support expansion and diversification, leading to the establishment of Donegal Group, Inc. Over time, Donegal has added subsidiaries such as Atlantic States Insurance Company and DCI Mutual Insurance Company to broaden its geographic and product reach.

Donegal Group focuses on regional underwriting authority, empowering local management teams to tailor products and pricing to market conditions. While its core footprint remains in the Mid-Atlantic and Northeastern United States, the company has extended operations into select Midwestern and Southern states. Donegal’s decentralized model and agency distribution strategy aim to foster strong local partnerships and responsive customer service across its operating regions.