Donegal Group (DGICA) AGM 2026 summary

Opening remarks and agenda

• Meeting opened by the CEO, with board-appointed inspectors of election and legal counsel present.

• Three items of business: election of directors, advisory vote on executive compensation, and ratification of auditors.

Financial performance review

• Achieved record net income in 2025, driven by strong underwriting and investment income.

• Commercial lines grew modestly, while personal lines declined due to strategic non-renewals; combined ratio improved to 95.4%.

• Total revenues were $978 million, down 1.2%; investment income rose 17.2%; net income up 56% to $79.3 million.

• Book value per share increased 12.8% to $17.33; total assets reached $2.4 billion.

Dividend announcements

• Quarterly cash dividend for Class A stock increased by 5.5% to $0.1925 per share.

• Class B stock dividend increased by 6.1% to $0.1750 per share, payable May 15, 2026.