Quarterly ResultApr 30, 2026, 06:36 AM
DGICA Q1 Net Income $11.5M (-54.3%); EPS $0.31 (-56.3%); Combined Ratio 99.8%
AI Summary
Donegal Group Inc. reported a significant decline in its first quarter 2026 financial results, with net income falling 54.3% to $11.5 million and diluted Class A EPS decreasing 56.3% to $0.31. The combined ratio worsened to 99.8% from 91.6% in the prior-year quarter, primarily due to higher weather-related losses and large fire losses. Despite a 19.2% increase in net investment income and modest improvement in core loss ratios, net premiums earned decreased 4.9%. The company declared regular quarterly cash dividends for both Class A and Class B common stock.
Key Highlights
- Net income decreased 54.3% to $11.5 million from $25.2 million in Q1 2025.
- Diluted Class A EPS was $0.31, down 56.3% from $0.71 in Q1 2025.
- Net premiums earned decreased 4.9% to $221.4 million.
- Combined ratio increased to 99.8% from 91.6% in Q1 2025.
- Book value per share was $17.54 at March 31, 2026, up 8.0% from $16.24.
- Commercial lines net premiums written grew 2.2% to $164.1 million.
- Personal lines net premiums written decreased 13.1% to $75.2 million.
- Declared quarterly cash dividends of $0.1925/share for Class A and $0.175/share for Class B.
Price Impact
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