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DONEGAL GROUP INC. ANNOUNCES CHANGE IN SUBSIDIARY POOLING ARRANGEMENT AND DECLARES DIVIDEND

 DONEGAL GROUP INC. ANNOUNCES CHANGE IN
 SUBSIDIARY POOLING ARRANGEMENT AND DECLARES DIVIDEND
 MARIETTA, Pa., July 16 /PRNewswire/ -- Donegal Group Inc. (NASDAQ: DGIC) announced today a change in the pooling agreement between its wholly owned subsidiary, Atlantic States Insurance Company and Donegal Mutual Insurance Company. This change, effective Jan. 1, 1993, will increase Atlantic States participation from 50 percent of the pooled business of the two companies to 60 percent. This would have increased Atlantic States 1991 earned premiums from $47.8 million to $54.9 million, an increase of 20 percent.
 Also today the board of directors of Donegal Group Inc. declared its regular quarterly dividend of 7 cents per share, payable Aug. 10, 1992, to shareholders of record on July 27, 1992.
 Donegal Group is a regional property and casualty insurance holding company writing business in Pennsylvania, Maryland, Delaware and Virginia.
 -0- 7/16/92
 /Contact: Ralph G. Spontak, CPA, senior vice president, secretary and CFO of the Donegal Group Inc., 717-426-1931/
 (DGIC) CO: Donegal Group Inc. ST: Pennsylvania IN: INS SU: DIV


LD -- NY111 -- 9965 07/16/92 16:40 EDT
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Publication:PR Newswire
Date:Jul 16, 1992
Words:183
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