Donegal Group (DGICA) Reports Q4 Revenues Above Estimates

Donegal Group (NASDAQ: DGICA) reported Q4 EPS of $. Revenue for the quarter came in at $190.76 million versus the consensus estimate of $189.64 million.

Fourth Quarter:

• Income tax expense for the fourth quarter of 2017 included $4.8 million, or 17 cents per diluted Class A share, related to the Company’s revaluation of its net deferred tax assets pursuant to the provisions of the Tax Cuts and Jobs Act (the “TCJA”) that was enacted in December of 2017
• Net income, excluding the above-mentioned TCJA impact, was $2.0 million, or 7 cents per diluted Class A share, for the fourth quarter of 2017, compared to $5.6 million, or 21 cents per diluted Class A share, for the fourth quarter of 2016
• Net premiums earned of $181.1 million for the fourth quarter of 2017 increased 7.2% compared to the fourth quarter of 2016
• Net premiums written1 of $171.4 million for the fourth quarter of 2017 increased 5.9% compared to the fourth quarter of 2016 as a result of organic growth in both personal and commercial lines
• Combined ratio of 104.8% for the fourth quarter of 2017, compared to 100.5% for the prior-year fourth quarter

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

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