Printer Friendly

DONEGAL GROUP REPORTS A. M. BEST RATINGS

 MARIETTA, Pa., July 16 /PRNewswire/ -- Donegal Group Inc. (NASDAQ: DGIC) today reported that the A. M. Best Company had increased its rating of Donegal's two wholly owned subsidiaries, Atlantic States Insurance Company and Southern Insurance Company of Virginia, as well as the rating of its affiliated company, Donegal Mutual Insurance Company, to "A Excellent" from "A-."
 The A rating was the result of continued underwriting success and improvements in the financial leverage and liquidity of the group. This increase represents the second improvement in the Group's rating in two years.
 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.
 -0- 7/16/93
 /CONTACT: Ralph G. Spontak, senior vice president and CFO, Donegal Group Inc., 717-426-1931/
 (DGIC)


CO: Donegal Group Inc. ST: Pennsylvania IN: INS SU: RTG

SH -- NY007 -- 2355 07/16/93 09:16 EDT
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jul 16, 1993
Words:160
Previous Article:AMERICAN POWER CONVERSION TO ANNOUNCE PRICE REDUCTIONS ON SELECTED PRODUCTS
Next Article:IBM-FUJITSU ARBITRATION
Topics:


Related Articles
/C O R R E C T I O N -- DONEGAL GROUP INC./
DONEGAL GROUP REPORTS RESULTS
DONEGAL GROUP REPORTS RESULTS
DONEGAL GROUP AFFILIATE TO ASSUME MANAGEMENT CONTROL OF DELAWARE MUTUAL INSURANCE
DONEGAL GROUP REPORTS YEAR END RESULTS
PENN TREATY AMERICAN CORPORATION'S SUBSIDIARIES RECEIVE RATING UPGRADE
Donegal Group Issues Statement
Penn Treaty American Corporation's Subsidiaries Receive Rating Upgrade
Two Summit Companies Now Rated A+ by A. M. Best.
Bridgefield Casualty Now Rated A+ by A. M. Best.

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters