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

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