Donegal Group Q2 net income up 32% to $22.3M; combined ratio improves to 95.6%

DONEGAL GROUP INC

Net premiums earned $222.6M, down 4.0% YoY; combined ratio 95.6% vs 97.7%.
Net income $22.3M ($0.60 diluted Class A) vs $16.9M ($0.46) in Q2 2025.
Net investment gains after tax $2.6M ($0.07 per share) vs $1.2M ($0.03).
Book value per share $17.98 at June 30, 2026, up 8.2% from $16.62 a year ago.
Annualized ROE 13.6% vs 11.3% in prior-year quarter.

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