Donegal Group (DGICA) Tops Q1 EPS by 10c
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Donegal Group Inc. Announces First Quarter 2016 Results
April 20, 2016 8:03 AM EDTMARIETTA, Pa., April 20, 2016 (GLOBE NEWSWIRE) -- Donegal Group Inc. (NASDAQ: DGICA) (NASDAQ: DGICB) today reported its financial results for the first quarter of 2016. Highlights included:
Net income of $11.8 million, or 46 cents per diluted Class A share, for the first quarter of 2016, a 72.9% increase over net income of $6.9 million, or 25 cents per diluted Class A share, for the first quarter of 20158.6% increase in net premiums written to $170.1 million, reflecting organic growth in both personal and commercial linesStatutory combined ratio1 of 92.1% for the... More