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DONEGAL GROUP REPORTS RESULTS

 DONEGAL GROUP REPORTS RESULTS
 MARIETTA, Pa., Nov. 3 /PRNewswire/ -- Donegal Group Inc.


(NASDAQ: DGIC) today reported operating results for the nine months and third quarter ended Sept. 30, 1992.
 Net income for the nine months ended Sept. 30, 1992, was $3,807,080, an increase of $113,532 over income for the same period of 1991. Revenues increased $2,768,628 to $46,325,105 with realized investment gains of $624,339 for the first three quarters of 1992. The statutory combined ratio through Sept. 30, 1992, was 99.7 percent. Net income for the third quarter ended Sept. 30, 1992, was $1,275,943, a decrease of $24,813 from the same period in 1991.
 Book value per share increased $.37 for the quarter, standing at $12.01 as of Sept. 30, 1992.
 Donegal Group Inc. is a regional property-casualty insurance holding company doing business in Pennsylvania, Virginia, Maryland and Delaware through its wholly owned subsidiaries, Atlantic States Insurance Company and Southern Insurance Company of Virginia.
 DONEGAL GROUP INC.
 Selected Financial Information
 Third Quarter Ended
 Sept. 30, Sept. 30,
 1992 1991
 Premiums earned $13,815,686 $13,109,437
 Investment income,
 net of expense 1,509,040 1,355,135
 Total revenues 15,563,995 14,908,697
 Net income 1,275,943 1,300,756
 Net income per share $.42 $.43
 Nine Months Ended
 Sept. 30, Sept. 30,
 1992 1991
 Premiums earned $40,562,657 $38,447,772
 Investment income,
 net of expense 4,502,736 4,304,620
 Total revenues 46,325,105 43,556,477
 Net income 3,807,080 3,693,548
 Net income per share $1.27 $1.24
 Book value per share
 at Sept. 30, 1992 $12.01 --
 and Sept. 30, 1991 $10.60
 /CONTACT: Ralph Spontak, senior vice president and chief financial officer of Donegal Group Inc. 717-426-1931/
 (DGIC) CO: Donegal Group Inc. ST: Pennsylvania IN: INS SU: ERN


AH -- NY038 -- 2067 11/03/92 12:32 EST
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Date:Nov 3, 1992
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