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DONEGAL GROUP REPORTS RESULTS

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


(NASDAQ: DGIC) today reported record operating results for the year ended Dec. 31, 1991.
 Net income for 1991 was $4,529,684, or $1.52 per share, and represents the highest annual earnings in the company's history for the third consecutive year. Excellent underwriting results have continued with a statutory combined ratio of 98.9 percent for 1991.
 Book value per share increased $1.40 for the year, standing at $10.81 as of Dec. 31, 1991.
 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
 Period ended Year
 Dec. 31, 1991 1990
 Premiums earned $51,718,039 $46,710,648
 Investment income,
 net of expense 5,759,462 5,479,006
 Total revenues 58,469,044 52,297,949
 Net income 4,529,684 4,417,159
 Net income per share $1.52 $1.49
 Period ended Three months
 Dec. 31, 1991 1990
 Premiums earned $13,270,267 $12,113,059
 Investment income,
 net of expense 1,454,842 1,385,062
 Total revenues 14,912,567 13,138,372
 Net income 836,136 753,882
 Net income per share $.28 $.25
 Book value per share
 at Dec. 31, 1991 $10.81
 Dec. 31, 1990 $9.41
 -0- 3/3/92
 /CONTACT: Ralph Spontak, senior vice president and chief financial officer of Donegal Group, 717-426-1931/
 (DGIC) CO: Donegal Group Inc. ST: Pennsylvania IN: INS SU: ERN SH -- NY018 -- 4327 03/03/92 08:54 EST
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Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Mar 3, 1992
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