Donegal posts 4Q profit

Associated Press |

MARIETTA, Pa. (AP) _ Donegal Group Inc. (DGICA) on Friday reported fourth-quarter earnings of $5.6 million.

On a per-share basis, the Marietta, Pennsylvania-based company said it had net income of 21 cents. Earnings, adjusted for investment gains, came to 20 cents per share.

The insurance holding company posted revenue of $177.2 million in the period. Its adjusted revenue was $176.1 million.



For the year, the company reported profit of $30.8 million, or $1.16 per share. Revenue was reported as $684.8 million.

Donegal shares have dropped 2.5 percent since the beginning of the year. The stock has risen 16 percent 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 DGICA at https://www.zacks.com/ap/DGICA

Keywords: Donegal Group, Earnings Report

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer

Comments

Emerging Growth

Inception Mining Inc

Inception Mining Inc a mining exploration stage company engaged in the acquisition, exploration, and development of mineral properties, for gold from owned mining properties.

Private Markets

8tracks

Our mission is to be the best place for people who care about music to create and discover thoughtfully curated playlists. In essence, 8tracks is a platform for online mixtapes.

Ozobot by Evollve Inc

Ozobot is a world leader in compact super intelligent robots that entertain and educate through fun interactive gaming.