Donegal Mutual Insurance Co purchased 19,257 Class A common shares of Donegal Group Inc for $369,198 between Aug. 31 and Sept. 1, 2026, at prices ranging from $19.1675 to $19.1765 per share. The average transaction price was approximately $19.17, according to regulatory filings.
The insurer, which already held a 10% ownership stake and board representation at Donegal Group, now directly holds 14,272,971 Class A shares and 4,751,974 Class B shares, increasing its exposure to the insurer’s equity.
Donegal Group’s Class A shares have gained nearly 11% over the past six months, trading near $19.17 at the time of the purchases. The company maintains a 4% dividend yield and has increased payouts for 25 consecutive years, underscoring its commitment to shareholder returns.
The purchases follow Donegal Group’s second-quarter results, which showed after-tax net income rising 32% year-over-year to $22.3 million from $16.9 million a year earlier. The combined ratio improved to 95.6% from 97.7%, driven by lower weather-related losses, higher investment income, and favorable reserve development despite higher fire losses and increased expenses.
