Donegal Group Inc. Announces Increase in Quarterly Dividend

MARIETTA, Pa., April 18, 2024 (GLOBE NEWSWIRE) -- Donegal Group Inc. (NASDAQ:DGICA) and (NASDAQ:DGICB) reported today that its board of directors declared a regular quarterly cash dividend of $0.1725 per share of the Company's Class A common stock and $0.155 per share of the Company's Class B common stock. The dividends are payable on May 22, 2024 to stockholders of record as of the close of business on May 8, 2024.

These dividends represent percentage increases of 1.5% for the Company's Class A common stock and 1.6% for the Company's Class B common stock compared to the previous quarterly cash dividend rates.

About Donegal Group Inc.

Donegal Group Inc. is an insurance holding company whose insurance subsidiaries and affiliates offer property and casualty lines of insurance in 23 Mid-Atlantic, Midwestern, New England, Southern and Southwestern states. Donegal Mutual Insurance Company and its insurance subsidiaries conduct business together with the insurance subsidiaries of Donegal Group Inc. as the Donegal Insurance Group. The Donegal Insurance Group has an A.M. Best rating of A (Excellent).

The Class A common stock and Class B common stock of Donegal Group Inc. trade on the NASDAQ Global Select Market under the symbols DGICA and DGICB, respectively. The Company is focused on several primary strategies, including achieving sustained excellent financial performance, strategically modernizing its operations and processes to transform its business, capitalizing on opportunities to grow profitably and delivering a superior experience to its agents and customers.

Investor Relations Contact

Karin Daly

Vice President, The Equity Group Inc.

Phone: (212) 836-9623

E-mail: [email protected]