EXHIBIT 99.1 Donegal Group Inc. Announces First Quarter 2025 Results 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): Financial Summary | | Three Months Ended March 31, | | | | | | --- | --- | --- | --- | --- | --- | | | 2025 | | | 2024 | % Change | | | (dollars in thousands, except per share amount ...

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 assumed business into the underwriting pool[339]. - The underwriting pool homogenizes risk characteristics, with a significant percentage of total consolidated revenues derived from Atlantic States' business[340]. Financial Performance - 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 enhanced underwriting profitability[256]. - The loss ratio decreased from 69.1% in 2023 to 64.5% in 2024, reflecting better loss management[256]. - Net income for 2024 was $50.9 million, or $1.53 per share for Class A common stock, compared to $4.4 million, or $0.14 per share in 2023[276]. - Total revenues for 2024 amounted to $989,605,050, up from $927,337,984 in 2023, indicating a growth of approximately 6.7%[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 Loss Management - 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 2024 development in loss expenses was primarily due to lower-than-expected loss emergence in commercial multi-peril, personal automobile, and homeowner lines of business[243]. - 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 company reported a liability for losses and loss expenses of $297,955,741 in 2024, slightly down from $299,947,390 in 2023[381]. Investment Performance - Net investment income rose from $40,853,000 in 2023 to $44,918,000 in 2024, an increase of approximately 10.1%[256]. - The company reported net realized gains of $20.2 million in 2024, a recovery from a loss of $311.4 million in 2023[401]. - 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 investments in special revenue bonds represented 44% in education bonds and 37% in water and sewer utility bonds based on carrying values as of December 31, 2024[394]. Assets and Equity - Total assets increased to $2,336,031,983 in 2024, up from $2,266,293,888 in 2023, representing a growth of approximately 3.1%[323]. - Stockholders' equity increased by $66.0 million in 2024, raising book value per share to $15.36 from $14.39 a year earlier[277]. - The company’s total investments reached $1,384,972,332 in 2024, up from $1,327,053,645 in 2023, reflecting a growth of about 4.3%[323]. - Cash and cash equivalents increased to $52,925,931 in 2024, significantly higher than $23,792,273 in 2023, representing a growth of about 122.3%[323]. Tax and Expenses - The effective tax rate for 2024 was 18.4%, up from 12.6% in 2023, with income tax expense increasing to $11.5 million[275]. - The expense ratio decreased to 33.7% in 2024 from 34.7% in 2023, due to various expense reduction initiatives[271]. - The company incurred $619,089,646 related to current year losses in 2024, while total incurred losses for the year were $604,117,716[415]. Actuarial and Claims Development - 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 company continues to monitor and adjust its actuarial methods to ensure accurate predictions of future liabilities and claims expenses[420]. - The cumulative number of reported claims for 2024 is 29,466, indicating a significant volume of claims being processed[427]. - The total IBNR reserves plus expected development on reported claims for 2024 is $153,403 thousand, reflecting the company's ongoing liability management[427].

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 | | | | | | | | ...

Financial Performance - Net premiums written for the three months ended September 30, 2024, were $232,208 thousand, compared to $219,186 thousand for the same period in 2023, indicating an increase of approximately 5.8%[101] - Net premiums earned for Q3 2024 were $238.0 million, a 6.0% increase from $224.4 million in Q3 2023[106] - Net premiums written for Q3 2024 were $232.2 million, up 5.9% from $219.2 million in Q3 2023, with commercial lines increasing by 6.4% and personal lines by 5.4%[107] - For the first nine months of 2024, net premiums earned were $700.0 million, a 6.7% increase from $655.9 million in the same period of 2023[116] - Net income for Q3 2024 was $16.8 million, or $0.51 per share, compared to a net loss of $805,301, or $0.02 per share, in Q3 2023[115] - Net income for the first nine months of 2024 was $26.9 million, or $0.81 per share for Class A common stock, compared to $6.4 million, or $0.20 per share in 2023[125] Loss and Expense Ratios - The loss ratio for Q3 2024 was 61.5%, down from 69.8% in Q3 2023, primarily due to decreased core losses[110] - The core loss ratio for Q3 2024 was 50.1%, compared to 56.7% in Q3 2023, reflecting improved performance in both commercial and personal lines[110] - The combined ratio for Q3 2024 was 96.4%, significantly improved from 104.5% in Q3 2023, driven by a reduction in the loss ratio[113] - The combined ratio for the first nine months of 2024 was 100.6%, a decrease from 103.5% in 2023, primarily due to lower loss and expense ratios[123] Liabilities and Reserves - Total liabilities for losses and loss expenses as of September 30, 2024, amounted to $1,134,852 thousand, an increase from $1,126,157 thousand on December 31, 2023[94] - The total commercial lines liabilities were $545,015 thousand as of September 30, 2024, compared to $535,681 thousand at the end of 2023, reflecting a growth of approximately 1.25%[94] - Personal lines liabilities increased to $160,927 thousand as of September 30, 2024, up from $153,462 thousand at December 31, 2023, representing a growth of about 4.5%[94] - The establishment of liabilities for losses and loss expenses is inherently uncertain, with potential adjustments based on changes in external and internal assumptions[90] - For every 1% change in loss and loss expense reserves, the effect on pre-tax results of operations would be approximately $7.1 million[89] Claims and Settlements - The average claim amount has gradually increased due to rising inflation and increased litigation trends, impacting future loss settlements[91] - The company has noted stable amounts in the number of claims incurred relative to their premium base, excluding severe weather events and the COVID-19 pandemic[91] - The company’s insurance subsidiaries have experienced an increase in claims severity and lengthening of claim settlement periods, particularly for bodily injury claims[89] Investment Income - Net investment income for Q3 2024 was $10.8 million, a 2.8% increase from $10.5 million in Q3 2023[108] - Net investment gains for Q3 2024 were $1.9 million, compared to net investment losses of $1.2 million in Q3 2023[109] Operating Activities and Cash Flow - Operating activities generated net cash flows of $39.2 million in the first nine months of 2024, compared to $26.0 million in 2023[128] - The insurance subsidiaries paid $10.0 million in dividends to the company during the first nine months of 2024, with an additional $29.6 million available for distribution without prior approval[134] - At September 30, 2024, the company had no outstanding borrowings under its line of credit and could borrow up to $20.0 million[129] - The company maintained significant liquidity in its investment portfolio, structured to provide even cash flows from investment income and principal maturities[128] Tax and Expenses - Income tax expense for the first nine months of 2024 was $5.8 million, with an effective tax rate of 17.8%, up from $1.1 million and 15.2% in 2023[124] - The expense ratio for Q3 2024 was 34.5%, slightly up from 34.1% in Q3 2023, attributed to higher technology costs[112] Corporate Governance - There were no material changes in the company's internal control over financial reporting during the quarter[142] - The company has authorized a share repurchase program but did not purchase any shares during the nine months ended September 30, 2024[132]

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 ...

Financial Performance - The net premiums written for the three months ended June 30, 2024, were $247,189 thousand, compared to $226,512 thousand for the same period in 2023, representing an increase of about 9.1%[100] - Net premiums earned for Q2 2024 were $234.3 million, an increase of $18.0 million, or 8.3%, compared to Q2 2023[106] - Net premiums written for Q2 2024 were $247.2 million, an increase of $20.7 million, or 9.1%, from Q2 2023[107] - Net premiums earned for the first half of 2024 were $462.1 million, an increase of $30.6 million, or 7.1%, compared to the first half of 2023[114] - Net income for Q2 2024 was $4.2 million, or $0.13 per share, compared to $2.0 million, or $0.06 per share, in Q2 2023[113] - Net income for H1 2024 was $10.1 million, or $0.31 per share for Class A common stock, compared to $7.2 million, or $0.22 per share for Class A in H1 2023[121] Loss Ratios and Claims - The loss ratio for Q2 2024 was 70.6%, up from 69.9% in Q2 2023, primarily due to increased weather-related losses[109] - The core loss ratio for Q2 2024 was 55.0%, unchanged from Q2 2023[109] - The loss ratio for the first half of 2024 was 68.4%, up from 67.1% in the first half of 2023[118] - The company’s insurance subsidiaries have experienced an increase in claims severity and lengthening of claim settlement periods, particularly for bodily injury claims, over the past several years[88] - The average claim outstanding has gradually increased over the past several years due to rising inflation and increased litigation trends, contributing to greater uncertainty in future loss settlements[90] Ratios and Profitability - The statutory combined ratio, a measure of underwriting profitability, is calculated based on net incurred losses and loss expenses to net premiums earned, with a ratio of less than 100% indicating profitability[101] - The expense ratio for Q2 2024 decreased to 31.9% from 34.2% in Q2 2023, reflecting expense reduction initiatives[110] - The combined ratio for Q2 2024 was 103.0%, down from 104.7% in Q2 2023, attributed to the decrease in the expense ratio[112] - The expense ratio for the insurance subsidiaries decreased to 33.8% in H1 2024 from 35.3% in H1 2023, primarily due to expense reduction initiatives[119] - The combined ratio improved to 102.7% in H1 2024 from 103.0% in H1 2023, attributed to the decrease in the expense ratio[120] Liabilities and Reserves - Total liabilities for losses and loss expenses as of June 30, 2024, amounted to $1,147,419 thousand, an increase from $1,126,157 thousand as of December 31, 2023, reflecting a growth of approximately 1.9%[93] - The total commercial lines liabilities as of June 30, 2024, were $554,505 thousand, up from $535,681 thousand at the end of 2023, indicating an increase of approximately 3.5%[93] - The total personal lines liabilities increased to $155,513 thousand as of June 30, 2024, from $153,462 thousand at the end of 2023, reflecting a growth of about 1.3%[93] - For every 1% change in loss and loss expense reserves, the effect on pre-tax results of operations would be approximately $7.1 million[88] Cash Flow and Liquidity - Operating activities generated net cash flows of $26.5 million in H1 2024, up from $13.1 million in H1 2023[124] - The company had no outstanding borrowings under its line of credit and could borrow up to $20.0 million at a rate of Term SOFR plus 2.11% as of June 30, 2024[125] - Dividends paid from insurance subsidiaries to the company totaled $5.0 million in H1 2024, with an additional $34.6 million available for distribution without prior approval[128] - The company maintains significant liquidity with a portfolio of readily marketable fixed maturities, equity securities, and short-term investments[124] Tax and Market Risk - The effective tax rate increased to 17.6% in H1 2024 from 15.8% in H1 2023, with income tax expense recorded at $2.2 million for H1 2024[120] - There have been no material changes to market risk exposure from December 31, 2023, to June 30, 2024[133] - The company has not experienced unusual variations in the timing of claim payments associated with loss reserves[124] Premiums and Unearned Premiums - The change in net unearned premiums for the six months ended June 30, 2024, was $36,571 thousand, compared to $32,323 thousand for the same period in 2023, indicating an increase of approximately 13.9%[100] - The company has noted stable amounts in the number of claims incurred relative to their premium base across most lines of business, excluding severe weather events and the COVID-19 pandemic[90]

This quarterly report represents an earnings surprise of 57.14%. A quarter ago, it was expected that this insurance holding company would post earnings of $0.20 per share when it actually produced earnings of $0.13, delivering a surprise of -35%. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. While Donegal has underperformed the market so far this year, the ...

Financial Performance - Net premiums earned for Q2 2024 were $234.3 million, an increase of 8.3% compared to $216.3 million in Q2 2023[2] - Net income for Q2 2024 reached $4.2 million, representing a 108.0% increase from $2.0 million in Q2 2023[2] - Total revenues for the first half of 2024 were $487.9 million, up 7.5% from $453.9 million in the first half of 2023[2] - Net income for Q2 2024 was $4.2 million, or 13 cents per diluted Class A share, compared to $2.0 million, or 6 cents per diluted Class A share in Q2 2023[36] - Total revenues for Q2 2024 reached $246,773,000, up from $229,196,000 in Q2 2023, marking a growth of 7.7%[59] Premiums and Underwriting - The company reported a 9.1% growth in net premiums written for Q2 2024, driven by a 7.1% increase in commercial lines and a 12.1% increase in personal lines[4] - Net premiums written for Q2 2024 were $247,189,000, a 9.1% increase from $226,512,000 in Q2 2023[60] - The company attributed a $9.4 million increase in commercial lines premiums to new business writings and strong premium retention[41] Investment Performance - Total investments reached $1,343.8 million as of June 30, 2024, with an average investment yield of 3.3%[47] - The company experienced a net investment gain of $0.7 million in Q2 2024, compared to $2.5 million in Q2 2023[47] - Investment income, net of expenses, for Q2 2024 was $11,068,000, compared to $10,157,000 in Q2 2023, reflecting a positive trend[59] - The company reported a significant decrease in investment gains (after tax) for Q2 2024, totaling $(582,000) compared to $(1,978,000) in Q2 2023, a decline of 70.6%[51] Operational Efficiency - Non-GAAP operating income for Q2 2024 was $3.6 million, a significant increase from $19, indicating a notable improvement in operational efficiency[2] - Non-GAAP operating income for Q2 2024 was $3,571,000, significantly up from $19,000 in Q2 2023, indicating a substantial improvement[51] - The combined ratio improved to 103.0% in Q2 2024 from 104.7% in Q2 2023, reflecting a decrease in the expense ratio to 31.9% from 34.2%[42][45] Loss Ratios - Weather-related losses amounted to $24.7 million in Q2 2024, contributing 10.6 percentage points to the loss ratio, compared to $19.7 million and 9.1 percentage points in Q2 2023[7] - The core loss ratio for commercial lines was 54.8% in Q2 2024, slightly up from 54.0% in Q2 2023, while the personal lines core loss ratio decreased to 55.3% from 56.5%[43] Shareholder Returns - The company declared a quarterly cash dividend of $0.1725 per share for Class A common stock and $0.155 per share for Class B common stock, payable on August 15, 2024[25] - The book value per share was $14.48 as of June 30, 2024, compared to $14.39 at the end of 2023, reflecting a slight increase[21] - Book value per common share at the end of Q2 2024 was $14.48, slightly down from $14.68 at the end of Q2 2023[60] Future Outlook - The company is focusing on enhancing small commercial underwriting capabilities to drive growth in the commercial lines segment[4] - Future outlook includes continued focus on market expansion and potential new product development strategies[51] - The expense ratio is expected to peak at approximately 1.3 percentage points due to ongoing systems modernization costs in 2024[45]

Financial Performance - The company reported net income of $4.2 million, or $0.13 per diluted Class A share, compared to $2.0 million, or $0.06 per diluted Class A share in the same quarter of the previous year, reflecting a 108% increase [15][63] - Net premiums earned increased by 8.3% to $234.3 million for the second quarter of 2024, while net premiums written rose by 9.1% to $247.2 million [15][48] - The combined ratio improved to 103.0% from 104.7% year-over-year, indicating better underwriting performance [15][21] Investment Operations - Net investment gains for the second quarter of 2024 were $0.7 million, primarily from unrealized gains in equity securities, compared to $2.5 million in the same quarter of 2023 [4][33] - Net investment income increased by 9.0% to $11.1 million, attributed to a rise in average investment yield [33][54] Underwriting Performance - The loss ratio for the second quarter of 2024 increased to 70.6% from 69.9% in the prior year, with a core loss ratio of 55.0% for commercial lines [21][29] - Weather-related losses amounted to $24.7 million, contributing 10.6 percentage points to the loss ratio, compared to $19.7 million and 9.1 percentage points in the previous year [50] Dividend Information - The company declared a regular quarterly cash dividend of $0.1725 per share for Class A common stock and $0.155 per share for Class B common stock, payable on August 15, 2024 [8] Strategic Initiatives - The company is focusing on enhancing small commercial underwriting capabilities and managing geographic risk concentrations to mitigate weather-related loss impacts [46][25]

Core Points - Donegal Group Inc. declared a quarterly cash dividend of $0.1725 per share for Class A common stock and $0.155 per share for Class B common stock, payable on August 15, 2024 [1] - The company focuses on achieving sustained excellent financial performance, modernizing operations, growing profitably, and enhancing customer experience [2] - Donegal Group Inc. operates as an insurance holding company, providing property and casualty insurance in 23 states, with an A.M. Best rating of A (Excellent) [3]