Donegal Group Inc. reported financial results for Q3 and first nine months of 2025. Net premiums earned decreased 3.4% to $229.8 million, with a combined ratio of 95.9%. Net income was $20.1 million, or 55 cents per diluted Class A share. Book value per share was $17.14 at September 30, 2025, compared to $15.22.

Commercial lines net premiums earned increased by 2.9% to $140.3 million, while personal lines decreased by 11.8% to $89.5 million for the third quarter of 2025. Net premiums written decreased by 5.4% overall, with a $4.3 million increase in commercial lines and a $16.9 million decrease in personal lines.

For the third quarter of 2025, the loss ratio increased slightly to 62.1%, with weather-related losses at 6.2% and large fire losses at 4.4%. Net development of reserves for prior years resulted in a 0.4% increase in the loss ratio. The expense ratio decreased to 33.5%.

Net investment income for Q3 2025 was $13.9 million, a 28.8% increase from Q3 2024. Net investment gains were $1.3 million. Book value per share was $17.14 at September 30, 2025. Donegal Group’s investment strategy focuses on high-quality securities, with 94.6% of the portfolio in fixed-maturity securities.

Donegal Group Inc. declared a regular quarterly cash dividend of $0.1825 per share for Class A common stock and $0.165 per share for Class B common stock, payable on November 17, 2025. The company’s Class A and Class B common stock trade on NASDAQ under DGICA and DGICB.

The company’s consolidated balance sheet for September 30, 2025, shows total assets of $2.42 billion, with investments totaling $1.49 billion. Liabilities include losses and loss expenses of $1.11 billion. Stockholders’ equity is $627.4 million, with retained earnings of $293.8 million.

Read more at GlobeNewswire: Donegal Group Inc. Announces Third Quarter and First Nine