Donegal Group Q3 net income $16.8M vs loss $0.8M; combined ratio 96.4%

DONEGAL GROUP INC

Net income $16.8M ($0.51 diluted Class A EPS) vs net loss $0.8M (-$0.02) in Q3 2023.
Net premiums earned up 6% to $238.0M; combined ratio 96.4% vs 104.5%.
Book value per share $15.22, up from $14.26 at year-end 2023.
Non-GAAP operating income $15.3M vs $0.2M in prior-year quarter.
After-tax net investment gains $1.5M vs after-tax losses of $1.0M.

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