Donegal Group posts Q4 net loss $2.0M, combined ratio 106.8%; full-year net income $4.4M

DONEGAL GROUP INC

Q4 net loss $2.0M (diluted EPS -$0.06) vs Q4 2022 net income $3.5M ($0.11).
Q4 combined ratio 106.8%, worsening from 102.8% a year ago, indicating underwriting loss.
Full year 2023 net income $4.4M ($0.14 diluted EPS) vs FY 2022 net loss $2.0M.
Net premiums earned up 6.2% in Q4 ($226.2M) and 7.2% for full year ($882.1M).
Book value per share declined to $14.39 at Dec 31, 2023 from $14.79 a year earlier.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

DONEGAL GROUP INC reported the fourth quarter ended December 31, 2023 results: net income Net loss of $2.0 million, or 6 cents per Class A share.

Period: the fourth quarter ended December 31, 2023
Net income: Net loss of $2.0 million, or 6 cents per Class A share
Result: reported results

Exact text from the filing

Donegal Group Inc. Announces Fourth Quarter and Full Year 2023 Results

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

DONEGAL GROUP INC reported the full year ended December 31, 2023 results: net income Net income of $4.4 million, or 14 cents per diluted Class A share.

Period: the full year ended December 31, 2023
Net income: Net income of $4.4 million, or 14 cents per diluted Class A share
Result: reported results

Exact text from the filing

Donegal Group Inc. Announces Fourth Quarter and Full Year 2023 Results

View on SEC.gov

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Source: SEC EDGAR

accession 0001171843-24-000904

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