Donegal operating earnings drop 30.5% to $8.5mn in Q1
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Donegal operating earnings drop 30.5% to $8.5mn in Q1

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Donegal Group’s operating earnings dropped 30.5% in Q1 to $8.5mn, as an uptick commercial fire losses dented the Pennsylvania-based carrier’s results over the quarter.

Diluted operating income per share fell to $0.35, as Donegal’s combined ratio deteriorated by 1.5 points to 98.5. The downturn in underwriting was driven by a 1.1

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