Quarterly ResultApr 30, 2026, 06:32 AM
DGICA Q1 Net Income -54.3% to $11.5M; Combined Ratio 99.8%
AI Summary
Donegal Group Inc. reported a significant decline in first-quarter 2026 financial results, with net income decreasing 54.3% to $11.5 million and diluted Class A EPS falling 56.3% to $0.31. The combined ratio worsened to 99.8% from 91.6% in the prior year, primarily due to higher weather-related and large fire losses. Net premiums earned decreased 4.9% to $221.4 million, though commercial lines net premiums written grew by 2.2%.
Key Highlights
- Net income decreased 54.3% to $11.5 million for Q1 2026.
- Diluted Class A EPS fell 56.3% to $0.31.
- Combined ratio worsened to 99.8% from 91.6% in the prior year.
- Net premiums earned decreased 4.9% to $221.4 million.
- Commercial lines net premiums written grew 2.2% to $164.1 million.
- Personal lines net premiums written decreased 13.1% to $75.2 million.
- Book value per share increased 8.0% to $17.54 at March 31, 2026.
- Core loss ratio improved to 53.4% from 54.2%.