Donegal Group Q3 net income falls 9.6% to $18.2 million as premiums decline
Donegal Group reported third-quarter 2026 net income of $18.2 million, or 49 cents per diluted Class A share, down from $20.1 million, or 55 cents, a year earlier. Net premiums earned fell 3.0% to $222.9 million, and the combined ratio rose to 96.5% from 95.9%, while management cited soft market conditions and higher policy attrition. For shareholders, profit and premium volume both declined in the quarter and in the first nine months of 2026.
Key points
- Q3 2026 net income was $18.2 million, down 9.6% from $20.1 million; diluted Class A EPS was $0.49 versus $0.55.
- Net premiums earned decreased 3.0% to $222.9 million; net premiums written fell 4.5% to $209.7 million.
- Combined ratio was 96.5% for Q3 2026 versus 95.9% a year earlier; weather-related losses were $19.1 million.
- Nine-month 2026 net income was $52.0 million, down 16.4%; book value per share was $17.70 at September 30, 2026.
The filing
Written by AI on Nov 9, 2026, 8:51 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 29, 2026.
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