Financial Performance - For the fourth quarter of 2024, net premiums earned increased by 4.6% to $236.6 million compared to $226.2 million in the same quarter of 2023 [1][3] - Total revenues for the fourth quarter of 2024 were $250.0 million, a 4.4% increase from $239.5 million in the fourth quarter of 2023 [1][3] - The company reported a net income of $24.0 million for the fourth quarter of 2024, compared to a net loss of $2.0 million in the fourth quarter of 2023 [1][3] - For the full year 2024, net premiums earned rose by 6.2% to $936.7 million from $882.1 million in 2023 [1][3] - The full year net income was $50.9 million, significantly up from $4.4 million in 2023 [1][3] Underwriting Performance - The combined ratio for the fourth quarter of 2024 improved to 92.9% from 106.8% in the fourth quarter of 2023 [1][3] - The loss ratio for the fourth quarter of 2024 decreased to 59.8%, down from 72.1% in the same quarter of 2023 [14][19] - The core loss ratio for the fourth quarter of 2024 was 52.3%, compared to 61.8% in the fourth quarter of 2023 [14][19] Investment Operations - Net investment income for the fourth quarter of 2024 was $12.1 million, a 12.5% increase from $10.7 million in the fourth quarter of 2023 [1][26] - For the full year 2024, net investment income increased by 10.0% to $44.9 million compared to $40.9 million in 2023 [1][26] - Net investment gains for the full year 2024 were $5.0 million, up from $3.2 million in 2023 [1][27] Book Value and Share Performance - The book value per share at December 31, 2024, was $15.36, an increase of 6.7% from $14.39 at the end of 2023 [1][28] - The diluted net income per share for Class A was $0.70 for the fourth quarter of 2024, compared to a loss of $0.06 in the same quarter of 2023 [1][3] Management Commentary - The CEO emphasized the company's focus on strategic initiatives and profit-improvement measures to enhance operating performance as they move into 2025 [4][6] - The company plans to continue implementing premium rate increases to maintain rate adequacy and pursue new business opportunities, particularly in the commercial middle market and small business accounts [6][4]

MARIETTA, Pa., Feb. 03, 2025 (GLOBE NEWSWIRE) -- Donegal Group Inc. (NASDAQ:DGICA) and (NASDAQ:DGICB) announced today that it plans to release its results for fourth quarter and full-year ended December 31, 2024, on Thursday, February 20, 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 ...

Core Viewpoint - Donegal Group Inc. is set to release its fourth quarter and full-year results for 2024 on February 20, 2025, before the market opens, accompanied by a supplemental investor presentation [1] Group 1: Earnings Release Information - The earnings results will be available on February 20, 2025, before regular trading hours on NASDAQ [1] - A pre-recorded audio webcast featuring management commentary will be available at approximately 8:30 am ET on the same day [2] - Questions for the management team can be submitted via email until February 13, 2025 [2] Group 2: Company Overview - Donegal Group Inc. operates as an insurance holding company with subsidiaries offering property and casualty insurance across 21 states in the U.S. [3] - The Donegal Insurance Group, which includes Donegal Mutual Insurance Company, holds an A.M. Best rating of A (Excellent) [3] Group 3: Stock Information and Company Strategy - The Class A and Class B common stocks of Donegal Group Inc. trade on NASDAQ under the symbols DGICA and DGICB, respectively [4] - The company focuses on achieving sustained excellent financial performance, modernizing operations, growing profitably, and enhancing experiences for agents, customers, and employees [4]

Core Insights - Five stocks have been added to the Zacks Rank 1 (Strong Buy) List, indicating strong potential for investment Group 1: Company Earnings Estimates - Donegal Group Inc. (DGICA) has seen a 100% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [1] - Scholastic Corporation (SCHL) has experienced a 14.6% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [1] - Powell Industries, Inc. (POWL) has seen a 13% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [2] - West Bancorporation, Inc. (WTBA) has experienced a 7.7% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [2] - Xperi Inc. (XPER) has seen a 61.1% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [3]

Group 1 - Donegal Group Inc. (DGICA) has seen a 100% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [1] - West Bancorporation, Inc. (WTBA) has experienced a 7.7% increase in the Zacks Consensus Estimate for its current year earnings in the last 60 days [2] - Premier, Inc. (PINC) has had a 5.7% increase in the Zacks Consensus Estimate for its current year earnings over the past 60 days [3] Group 2 - Donegal Group Inc. offers a dividend yield of 4.3%, significantly higher than the industry average of 0.3% [2] - West Bancorporation, Inc. provides a dividend yield of 4.1%, compared to the industry average of 3.0% [3] - Premier, Inc. has a dividend yield of 3.7%, while the industry average is 0.0% [4]

Here are three stocks with buy rank and strong value characteristics for investors to consider today, November 25:Premier, Inc. (PINC) : This healthcare services company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 5.7% over the last 60 days.Premier has a price-to-earnings ratio (P/E) of 17.70 compared with 24.87 for the S&P. The company possesses a Value Scoreof B.Scholastic Corporation (SCHL) : This children's publishing company carries a ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Title of Each Class Trading Symbols Name of Each Exchange on Which Registered Class A Common Stock, $.01 par value DGICA The NASDAQ Global Select Market Class B Common Stock, $.01 par value DGICB The NASDAQ Global Select Market FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 ...

Donegal Group (NASDAQ:DGICA) Q3 2024 Results Conference Call October 24, 2024 8:30 AM ET Company Participants Karin Daly - VP, The Equity Group Kevin Burke - CEO, President Jeff Miller - CFO Jeff Hay - Chief Underwriting Officer Dan Delamater - Chief Operating Officer Tony Viozzi - Chief Investment Officer Karin Daly Good morning and thank you for joining us today. This morning, Donegal Group issued its Third Quarter 2024 Earnings Release outlining its results. The release and a supplemental investor presen ...

Donegal Group (DGICA) came out with quarterly earnings of $0.46 per share, beating the Zacks Consensus Estimate of $0.02 per share. This compares to earnings of $0.01 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 2,200%. A quarter ago, it was expected that this insurance holding company would post earnings of $0.07 per share when it actually produced earnings of $0.11, delivering a surprise of 57.14%.Over the last four quart ...

EXHIBIT 99.1 Donegal Group Inc. Announces Third Quarter and First Nine Months of 2024 Results MARIETTA, Pa., Oct. 24, 2024 (GLOBE NEWSWIRE) -- Donegal Group Inc. (NASDAQ: DGICA) and (NASDAQ: DGICB) today reported its financial results for the third quarter and first nine months of 2024. Significant Items for third quarter of 2024 (all comparisons to third quarter of 2023): Net income of $16.8 million, or 51 cents per diluted Class A share, compared to net loss of $0.8 million, or 2 cents per Class A share N ...