Donegal Group Non-GAAP EPS of -$0.27 misses by $0.60, revenue of $212.84M misses by $1.12M

Oct. 27, 2022 6:48 AM ETDonegal Group Inc. (DGICA)By: Urvi Shah, SA News Editor3 Comments
  • Donegal Group press release (NASDAQ:DGICA): Q3 Non-GAAP EPS of -$0.27 misses by $0.60.
  • Revenue of $212.84M (+4.8% Y/Y) misses by $1.12M.
  • Net premiums earned increased 5.0% to $206.1 million
  • Net premiums written1 increased 4.7% to $206.2 million
  • Combined ratio of 109.6%, compared to 107.7%, largely due to elevated weather-related and fire loss activity
  • Net loss included after-tax net investment losses of $1.9 million, or 6 cents per Class A share, compared to $1.2 million, or 4 cents per Class A share
  • Book value per share of $14.85 at September 30, 2022, compared to $17.21

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