Donegal Group Q4 net income down 28%; full-year EPS up 42% on improved underwriting

DONEGAL GROUP INC

Q4 net premiums earned $226.9M (-4.1% YoY); combined ratio 96.3% vs 92.9% (worsened).
Q4 net income $17.2M ($0.47 diluted Class A EPS) vs $24.0M ($0.70) – down 32.9% per share.
Full-year net income $79.3M ($2.18 diluted EPS) vs $50.9M ($1.53) – up 42.5% per share.
Full-year combined ratio improved to 95.4% from 98.6% (3.2 point improvement).
Book value per share $17.33 at Dec 31, 2025, up 12.8% from $15.36 at year-end 2024.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.