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Donegal: 1Q Earnings Snapshot

MARIETTA, Pa. (AP) _ Donegal Group Inc. (DGICB) on Monday reported first-quarter net income of $23 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Marietta, Pennsylvania-based company said it had net income of 75 cents. Earnings, adjusted for investment gains, came to 24 cents per share.

The insurance company posted revenue of $214.7 million in the period. Its adjusted revenue was $196.2 million.

Donegal shares have increased nearly 3% since the beginning of the year. In the final minutes of trading on Monday, shares hit $12.13, a decline of nearly 7% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DGICB at https://www.zacks.com/ap/DGICB