Donegal Group Inc. Announces First Quarter 2026 Results

Donegal Group Inc. reported its financial results for the first quarter of 2026. Net premiums earned decreased by 4.9% to $221.4 million, and the combined ratio was 99.8%, compared to 91.6% in the prior year quarter. Net income for the quarter was $11.5 million, or $0.31 per diluted Class A share, a decrease from $25.2 million, or $0.71 per diluted Class A share, in the first quarter of 2025. The annualized return on average equity was 7.1%, down from 17.8%. Book value per share stood at $17.54 as of March 31, 2026. The company noted a decrease in net premiums written, primarily driven by a decline in personal lines, while commercial lines saw a modest increase. The increase in the loss ratio was attributed to higher weather-related losses and several large losses. The expense ratio also increased slightly. Investment income rose, but net investment losses remained minimal. The company maintained a strong investment portfolio weighted towards fixed-maturity securities. No cash dividends were declared in the quarter.