MARIETTA, Pa. (AP) _ Donegal Group Inc. (DGICB) on Monday reported second-quarter net income of $22.7 million.
On a per-share basis, the Marietta, Pennsylvania-based company said it had net income of 72 cents. Earnings, adjusted for investment gains, came to 55 cents per share.
The insurance company posted revenue of $198.9 million in the period. Its adjusted revenue was $192.4 million.
Donegal shares have dropped 14% since the beginning of the year. In the final minutes of trading on Monday, shares hit $11, a fall of 20% in the last 12 months.