Donegal Group Q2 2025 net income $16.9M vs $4.2M; combined ratio 97.7%

DONEGAL GROUP INC

Net premiums earned down 1.1% to $231.8M; combined ratio improved to 97.7% from 103.0%.
Diluted EPS Class A $0.46 vs $0.13; net investment gains $0.03 per share.
Book value per share $16.62, up 14.8% from $14.48 a year ago.
Net investment income up 13.3% to $12.5M; non-GAAP operating income $15.6M vs $3.6M.

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