---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-26-002875"
form_type: "8-K"
ticker: "DGICA"
cik: "0000800457"
company_name: "DONEGAL GROUP INC"
filed_at: "2026-04-30T23:59:59+00:00"
generated_at: "2026-05-15T01:21:59.846259+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Donegal Group Q1 net income falls 54.3% to $11.5M; combined ratio 99.8%

## Summary
- Net premiums earned $221.4M, down 4.9% YoY; combined ratio worsened to 99.8% from 91.6%.
- Net income $11.5M ($0.31 diluted Class A) vs $25.2M ($0.71) a year ago.
- Investment income up 19.2% to $14.3M; book value per share $17.54 (+8% YoY).
- Annualized ROE dropped to 7.1% from 17.8%; non-GAAP operating income down 53.5%.
- No guidance provided; management cites underwriting pressure from higher claims.

## SEC filing metadata
- accession: 0001171843-26-002875
- form_type: 8-K
- ticker: DGICA
- cik: 0000800457
- company_name: DONEGAL GROUP INC
- filed_at: 2026-04-30T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/800457/000117184326002875/0001171843-26-002875-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/800457/000117184326002875/f8k_042926.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-26-002875
- JSON: https://secwatch.observer/filing/0001171843-26-002875.json
- Plain text: https://secwatch.observer/filing/0001171843-26-002875.txt

## Key facts
- Earnings Releases
  DONEGAL GROUP INC reported first quarter of 2026 results: net income $11.5 million, or $0.31 per diluted Class A share, EPS $0.31 per diluted Class A share.
  - Period: first quarter of 2026
  - Net income: $11.5 million, or $0.31 per diluted Class A share
  - EPS: $0.31 per diluted Class A share
  - Result: reported results
  source text: Net income of $11.5 million, or $0.31 per diluted Class A share
  evidence_url: https://www.sec.gov/Archives/edgar/data/800457/000117184326002875/0001171843-26-002875-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.