---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-23-002608"
form_type: "8-K"
ticker: "DGICA"
cik: "0000800457"
company_name: "DONEGAL GROUP INC"
filed_at: "2023-04-27T23:59:59+00:00"
generated_at: "2026-06-16T10:21:33.586056+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Donegal Group Q1 net income falls 60% to $5.2M; premium growth 8%, combined ratio 101.2%

## Summary
- Net income $5.2M ($0.16/diluted Class A) vs $13.1M ($0.43) in prior-year Q1, down 60%.
- Combined ratio 101.2% (vs 95.8%); weather losses $14.1M and large fire losses $10.9M pressured underwriting.
- Net premiums earned +8.0% to $215.2M; net premiums written +8.6% to $237.3M.
- Book value per share $15.01 (down 10.2% from $16.72); annualized ROE 4.3% vs 10.0%.
- Personal lines net premiums written up 17.7%; management cautious on inflation, raising rates.

## SEC filing metadata
- accession: 0001171843-23-002608
- form_type: 8-K
- ticker: DGICA
- cik: 0000800457
- company_name: DONEGAL GROUP INC
- filed_at: 2023-04-27T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/800457/000117184323002608/0001171843-23-002608-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/800457/000117184323002608/f8k_042623.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-23-002608
- JSON: https://secwatch.observer/filing/0001171843-23-002608.json
- Plain text: https://secwatch.observer/filing/0001171843-23-002608.txt

## Key facts
- Earnings Releases
  DONEGAL GROUP INC reported first quarter of 2023 results: revenue net premiums earned increased 8.0% to $215.2 million, net income net income of $5.2 million, or $0.16 per diluted Class A share, EPS $0.16 per diluted Class A share.
  - Period: first quarter of 2023
  - Revenue: net premiums earned increased 8.0% to $215.2 million
  - Net income: net income of $5.2 million, or $0.16 per diluted Class A share
  - EPS: $0.16 per diluted Class A share
  - Result: reported results
  source text: its financial results for the first quarter of 2023. Significant Items for First Quarter of 2023 (all comparisons to first quarter of 2022): Net premiums earned increased 8.0% to $215.2 million Net premiums written 1 increased 8.6% to $237.3 million Combined ratio of 101.2%, compared to 95.8% Net income of $5.2 million, or $0.16 per diluted Class A
  evidence_url: https://www.sec.gov/Archives/edgar/data/800457/000117184323002608/0001171843-23-002608-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.