Donegal Group Q1 net premiums earned $227.7M (+5.8%), net income $6.0M ($0.18), combined ratio 102.4%

DONEGAL GROUP INC

Net premiums earned $227.7M, up 5.8% YoY; net premiums written $251.4M (+6.0%).
Net income $6.0M ($0.18 diluted Class A) vs $5.2M ($0.16) prior year; ROE 4.9% vs 4.3%.
Combined ratio 102.4% (vs 101.2%) reflecting underwriting loss; Non-GAAP operating income $4.3M, down 21.6%.
Investment income net $11.0M, up 16.1% YoY; book value per share $14.53 vs $15.01.

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 first quarter of 2024 results: revenue $227.7 million, net income $6.0 million, EPS $0.18 per diluted Class A share.

Period: the first quarter of 2024
Revenue: $227.7 million
Net income: $6.0 million
EPS: $0.18 per diluted Class A share
Result: reported results

Exact text from the filing

financial results for the first quarter of 2024. Significant Items for First Quarter of 2024 (all comparisons to first quarter of 2023): Net premiums earned increased 5.8% to $227.7 million Net premiums written 1 increased 6.0% to $251.4 million Combined ratio of 102.4%, compared to 101.2% Net income of $6.0 million, or $0.18 per diluted Class A share, compared to

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Source: SEC EDGAR

accession 0001171843-24-002213

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