Donegal Group (DGICA) Misses Q2 EPS by 13c, Slight Miss on Revenues

Donegal Group (NASDAQ: DGICA) reported Q2 EPS of ($0.08), $0.13 worse than the analyst estimate of $0.05. Revenue for the quarter came in at $183.58 million versus the consensus estimate of $184.44 million.

• Net loss of $2.3 million, or 8 cents per diluted Class A share, for the second quarter of 2017, compared to net income of $8.6 million, or 32 cents per diluted Class A share, for the second quarter of 2016, with the decline reflecting a significant increase in weather-related losses
• Net premiums written increased 7.0% to $190.8 million for the second quarter of 2017 compared to the second quarter of 2016 as a result of organic growth in both personal and commercial lines
• Statutory combined ratio1 of 104.5% for the second quarter of 2017, compared to 95.0% for the prior-year second quarter
• Statutory combined ratio of 102.1% for the first half of 2017, compared to 93.6% for the first half of 2016
• Book value per share of $16.23 at June 30, 2017, compared to $16.21 at year-end 2016

For earnings history and earnings-related data on Donegal Group (DGICA) click here.

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