Donegal Group Inc. Announces First Quarter 2021 Results
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Donegal Group (DGICA) Misses Q1 EPS by 6c
April 26, 2021 4:13 PM EDTDonegal Group (NASDAQ: DGICA) reported Q1 EPS of $0.29, $0.06 worse than the analyst estimate of $0.35. Revenue for the quarter came in at $197.97 million versus the consensus estimate of $196.07 million.
Management Commentary
Overview
Kevin G. Burke, President and Chief Executive Officer of Donegal Group Inc., noted, Donegal Group achieved solid first quarter results despite elevated fire losses that primarily impacted the loss ratio for our commercial multi-peril line of business. We achieved significant increases in net income, earnings per share and annualized return on average equity, which included a mark-to-market shift from a... More
