---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-23-006429"
form_type: "8-K"
ticker: "DGICA"
cik: "0000800457"
company_name: "DONEGAL GROUP INC"
filed_at: "2023-10-26T23:59:59+00:00"
generated_at: "2026-06-09T09:17:48.332210+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Donegal Group Q3 net loss narrows to $0.8M from $10.4M; premiums up 8.9%

## Summary
- Q3 net loss $0.8M ($0.02/Class A) vs $10.4M ($0.33) a year ago, improvement of 92%.
- Net premiums earned +8.9% to $224.4M; combined ratio improved to 104.5% from 109.6%.
- Investment income +23% to $10.5M; net investment losses reduced to $1.2M from $2.4M.
- Book value per share $14.26 at Sep 30, 2023, down 4% from $14.85 a year ago.
- First nine months 2023 net income $6.4M ($0.20/Class A) vs net loss $5.4M in 2022.

## SEC filing metadata
- accession: 0001171843-23-006429
- form_type: 8-K
- ticker: DGICA
- cik: 0000800457
- company_name: DONEGAL GROUP INC
- filed_at: 2023-10-26T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/800457/000117184323006429/0001171843-23-006429-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/800457/000117184323006429/f8k_102523.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-23-006429
- JSON: https://secwatch.observer/filing/0001171843-23-006429.json
- Plain text: https://secwatch.observer/filing/0001171843-23-006429.txt

## Key facts
- Earnings Releases
  DONEGAL GROUP INC reported the third quarter and first nine months of 2023 results: net income Net loss of $0.8 million, or 2 cents per Class A share.
  - Period: the third quarter and first nine months of 2023
  - Net income: Net loss of $0.8 million, or 2 cents per Class A share
  - Result: reported results
  source text: Significant items for third quarter of 2023 (all comparisons to third quarter of 2022): Net loss of $0.8 million, or 2 cents per Class A share, compared to net loss of $10.4 million, or 33 cents per Class A share Net premiums earned increased 8.9% to $224.4 million Net premiums written 1 increased 6.3% to $219.2 million Combined ratio of 104.5%, compared to 109.6%, due to lower commercial lines losses Net loss included after-tax net investment losses of $1.0 million, or 3 cents per Class A share, compared to $1.9 million, or 6 cents per Class A share Book value per share of $14.26 at September 30, 2023, compared to $14.85 Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 % Change 2023 2022 % Change (dollars in thousands, except per share amounts) Income Statement Data Net premiums earned $ 224,393 $ 206,122 8.9 % $ 655,886 $ 609,499 7.6 % Investment income, net 1
  evidence_url: https://www.sec.gov/Archives/edgar/data/800457/000117184323006429/0001171843-23-006429-index.htm

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