Karin Daly Good morning and thank you for joining us today. This morning Donegal Group issued its First Quarter 2025 Earnings Release Outlining its Results. The release and a supplemental investor presentation are available in the Investor Relations section of Donegal's website at www.donegalgroup.com. Please be advised that today's conference was prerecorded and all participants are in listen-only mode. Speaking today will be President and Chief Executive Officer, Kevin Burke; Chief Financial Officer, Jeff ...

First Quarter 2025 Investor Presentation April 24, 2025 Kevin G. Burke President and Chief Executive Officer Jeffrey D. Miller Executive Vice President and Chief Financial Officer www.donegalgroup.com Safe Harbor www.donegalgroup.com 3 We base all statements contained in this release that are not historic facts on our current expectations. Such statements are forward-looking in nature (as defined in the Private Securities Litigation Reform Act of 1995) and necessarily involve risks and uncertainties. Forwar ...

Financial Summary | | Three Months Ended March 31, | | | | | | --- | --- | --- | --- | --- | --- | | | 2025 | | | 2024 | % Change | | | (dollars in thousands, except per share amounts) | | | | | | Income Statement Data | | | | | | | Net premiums earned | | $ 232,702 | $ | 227,749 | 2.2% | | Investment income, net | | 11,984 | | 10,972 | 9.2 | | Net investment (losses) gains | | (471) | | 2,113 | NM | | Total revenues | | 245,174 | | 241,141 | 1.7 | | Net income | | 25,205 | | 5,956 | 323.2 | | Non-GAAP oper ...

MARIETTA, Pa., April 24, 2025 (GLOBE NEWSWIRE) -- Donegal Group Inc. (NASDAQ: DGICA) and (NASDAQ: DGICB) today reported its financial results for the first quarter of 2025. Significant Items for First Quarter of 2025 (all comparisons to first quarter of 2024): Net premiums earned increased 2.2% to $232.7 millionCombined ratio of 91.6%, compared to 102.4%Net income of $25.2 million, or $0.71 per diluted Class A share, compared to $6.0 million, or $0.18 per diluted Class A shareNet investment losses (after ta ...

MARIETTA, Pa., April 02, 2025 (GLOBE NEWSWIRE) -- Donegal Group Inc. (NASDAQ:DGICA) and (NASDAQ:DGICB) announced today that it plans to release its results for first quarter ended March 31, 2025, on Thursday, April 24, 2025, before the opening of regular trading on the NASDAQ Stock Market. The Company will provide a supplemental investor presentation in the Investors section of its website at investors.donegalgroup.com, concurrently with its earnings press release. At approximately 8:30 am ET on Thursday, A ...

Ownership and Structure - Donegal Mutual held approximately 44% of the outstanding Class A common stock and 84% of the outstanding Class B common stock as of December 31, 2024, providing it with about 70% of the combined voting power[230]. - The pooling agreement between Donegal Mutual and Atlantic States allocates 80% of the pooled business to Atlantic States, allowing both companies to share underwriting results proportionately[231]. - In 2024, Donegal Mutual purchased 1,057,282 shares of Class A common stock, while no shares of Class B common stock were purchased during 2024 or 2023[234]. - Donegal Mutual has 100% quota-share reinsurance agreements with Southern Mutual Insurance Company and Mountain States insurance subsidiaries, placing their assumed business into the underwriting pool[339]. - The underwriting pool allows Donegal Mutual and Atlantic States to share underwriting results in proportion to their participation, significantly impacting total consolidated revenues[340]. Financial Performance - Net income for 2024 was $50.9 million, or $1.53 per share, compared to $4.4 million, or $0.14 per share, in 2023[276]. - Net premiums written increased from $895,697,000 in 2023 to $942,281,000 in 2024, representing a growth of approximately 5.2%[256]. - The combined ratio improved from 104.4% in 2023 to 98.6% in 2024, indicating a significant enhancement in underwriting profitability[256]. - Net investment income rose from $40,853,000 in 2023 to $44,918,000 in 2024, an increase of about 10.1%[256]. - Total revenues for 2024 were $989,605,050, a 6.7% increase from $927,337,984 in 2023[326]. - Net income for 2024 reached $50,862,252, a significant increase from $4,425,504 in 2023 and a recovery from a net loss of $1,959,405 in 2022[332]. Claims and Losses - The insurance subsidiaries recognized a decrease in their liability for losses and loss expenses of $15.0 million in 2024, representing 2.2% of the December 31, 2023 net carried reserves[243]. - The average claim outstanding has gradually increased due to rising property and automobile repair costs, medical loss costs, and increased litigation trends[244]. - The establishment of liabilities for losses and loss expenses is inherently uncertain, and the ultimate liability may exceed the recorded reserves[242]. - The total liability for losses and loss expenses decreased slightly from $1,126,157,000 in 2023 to $1,120,985,000 in 2024, reflecting a reduction of approximately 0.5%[247]. - The number of claims pending at the end of the period decreased from 3,144 in 2023 to 2,832 in 2024, a decline of approximately 9.9%[252]. - The total expected development on reported claims for 2024 is $153,403 thousand, indicating anticipated future claims costs[427]. Investment and Assets - Total investments increased to $1.4 billion at December 31, 2024, from $1.3 billion in 2023, representing 61.6% of total assets[298]. - The company’s total assets at the end of 2024 were significantly impacted by the cumulative effect of adopting updated guidance for credit losses, resulting in a reduction of $1,895,902[329]. - The company recorded gross realized gains of $403.5 million in 2024, compared to $3.7 billion in 2023, indicating a significant decrease in investment performance[401]. - The total available for sale securities had an amortized cost of $652.6 billion and an estimated fair value of $617.9 billion as of December 31, 2024[398]. - The company’s investment expenses increased to $3.9 million in 2024 from $2.9 million in 2023, indicating rising costs associated with investment management[401]. Tax and Regulatory - The effective tax rate increased to 18.4% in 2024 from 12.6% in 2023, with income tax expense rising to $11.5 million[275]. - The company utilizes the asset and liability method for income tax accounting, establishing deferred tax assets and liabilities for temporary differences[363]. - In 2024, the company realized $370,644 in tax benefits upon the exercise of stock options, compared to $139,135 in 2023 and $360,452 in 2022, indicating a significant increase in tax benefits year-over-year[371]. Equity and Dividends - Book value per share increased to $15.36 at December 31, 2024, up from $14.39 a year earlier[277]. - Cash dividends declared totaled $23.2 million in 2024, up from $22.2 million in 2023 and $20.9 million in 2022[296]. - Stockholders' equity increased to $545,776,131 in 2024, compared to $479,745,354 in 2023, reflecting a growth of approximately 13.8%[323]. Actuarial and Reserving Practices - The actuaries for the insurance subsidiaries prepare initial estimates for ultimate losses by multiplying earned premium by an expected loss ratio, which is based on historical experience and various trends[419]. - The actuaries utilize methods such as paid loss development and incurred loss development to estimate ultimate costs, selecting point estimates through judgmental weighting of these methods[420]. - Claims are recognized at the claimant level, with one count for each claim event, and the methods for summarizing claim counts have remained consistent over time[423]. - The company continues to monitor trends in claims development to adjust their actuarial estimates and reserves accordingly[424].

Donegal Group Inc. (NASDAQ:DGICA) Q4 2024 Earnings Call February 20, 2025 8:30 AM ET Company Participants Karin Daly - VP, The Equity Group Kevin Burke - President and CEO Jeffrey D. Miller - EVP and CFO Jeffrey T. Hay - EVP and Chief Underwriting Officer W. Dan DeLamater - EVP and COO V. Anthony Viozzi - SVP and CIO Conference Call Participants Karin Daly Good morning and thank you for joining us today. This morning, Donegal Group issued its Fourth Quarter and Full Year 2024 Earnings Release outlining its ...

Company Overview Fourth Quarter 2024 Investor Presentation February 20, 2025 Kevin G. Burke President and Chief Executive Officer Jeffrey D. Miller Executive Vice President and Chief Financial Officer www.donegalgroup.com Safe Harbor We base all statements contained in this release that are not historic facts on our current expectations. Such statements are forward-looking in nature (as defined in the Private Securities Litigation Reform Act of 1995) and necessarily involve risks and uncertainties. Forward- ...

Group 1: Earnings Performance - Donegal Group reported quarterly earnings of $0.69 per share, significantly exceeding the Zacks Consensus Estimate of $0.20 per share, and compared to a loss of $0.11 per share a year ago, representing an earnings surprise of 245% [1] - Over the last four quarters, Donegal has surpassed consensus EPS estimates three times, with revenues for the quarter ended December 2024 at $249.7 million, slightly missing the Zacks Consensus Estimate by 0.68% [2] Group 2: Stock Performance and Outlook - Donegal shares have declined approximately 1.9% since the beginning of the year, while the S&P 500 has gained 4.5% [3] - The company's earnings outlook is crucial for investors, with current consensus EPS estimates at $0.31 for the coming quarter and $1.20 for the current fiscal year, with revenues expected to be $255.8 million and $1.05 billion respectively [7] Group 3: Industry Context - The Insurance - Property and Casualty industry, to which Donegal belongs, is currently ranked in the top 26% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors or through tools like the Zacks Rank [5][6]

EXHIBIT 99.1 Donegal Group Inc. Announces Fourth Quarter and Full Year 2024 Results MARIETTA, Pa., Feb. 20, 2025 (GLOBE NEWSWIRE) -- Donegal Group Inc. (NASDAQ:DGICA) and (NASDAQ:DGICB) today reported its financial results for the fourth quarter and full year ended December 31, 2024. Significant items for fourth quarter of 2024 (all comparisons to fourth quarter of 2023): Significant items for full year of 2024 (all comparisons to full year of 2023): Financial Summary | | Three Months Ended | | | | | | | | ...