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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, 1992.
 Net income for 1992 was $4,948,744, or $1.59 per share, and represents the highest annual earnings in the company's history for the fourth consecutive year. Excellent underwriting results have continued with a statutory combined ratio of 99.9 percent for 1992.
 Book value per share increased $1.45 for the year, standing at $12.26 as of Dec. 31, 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
 Year ended Dec. 31, 1992 1991
 Premiums earned $54,630,786 $51,718,039
 Investment income,
 net of expense 6,042,163 5,759,462
 Total revenues 62,107,673 58,469,044
 Net income 4,948,744 4,529,684
 Net income per share $1.59 $1.52
 Three months ended Dec. 31, 1992 1991
 Premiums earned $14,068,129 $13,270,267
 Investment income,
 net of expense 1,539,427 1,454,842
 Total revenues 15,782,568 14,912,567
 Net income 1,141,664 836,136
 Net income per share $.37 $.28
 Book value per share
 at December 31, 1992 $12.26
 December 31, 1991 $10.81
 -0- 3/3/93
 /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

LR -- NY010 -- 2290 03/03/93 08:45 EST
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Publication:PR Newswire
Date:Mar 3, 1993
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