Donegal Group Inc. Increases Quarterly Dividend
MARIETTA, Pa., April 17, 2014 (GLOBE NEWSWIRE) -- Donegal Group Inc.
(Nasdaq:DGICA) (Nasdaq:DGICB) reported that its board of directors declared a
regular quarterly cash dividend of $.1315 per share of the Company's Class A
common stock and $.1160 per share of the Company's Class B common stock. The
dividends are payable on May 15, 2014 to stockholders of record as of the
close of business on May 1, 2014. These dividends represent percentage
increases of 3.1% for the Company's Class A common stock and 0.9% for the
Company's Class B common stock compared to the previous quarterly cash
Donegal Group Inc. is an insurance holding company whose insurance
subsidiaries offer personal and commercial property and casualty lines of
insurance in 22 Mid-Atlantic, Midwestern, New England and Southern states. The
insurance subsidiaries of Donegal Group Inc. and Donegal Mutual Insurance
Company conduct business together as the Donegal Insurance Group. The Donegal
Insurance Group has an A.M. Best rating of A (Excellent).
The Company's Class A common stock and Class B common stock trade on NASDAQ
under the symbols DGICA and DGICB, respectively. As an effective acquirer of
small to medium-sized "main street" property and casualty insurers, Donegal
Group has grown profitably over the past 25 years. The Company continues to
seek opportunities for growth while striving to achieve its longstanding goal
of outperforming the property and casualty insurance industry in terms of
service, profitability and growth in book value.
CONTACT: For Further Information:
Jeffrey D. Miller
Executive Vice President & Chief Financial Officer
Phone: (717) 426-1931
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