Donegal Group Inc
Donegal Group Inc., or DGI, is an insurance holding company whose insurance
subsidiaries offer personal and commercial lines of property and casualty insurance
to businesses and individuals in 21 Mid-Atlantic, Midwestern, New England and
Southern states.
Donegal Mutual Insurance Company, or Donegal Mutual, organized us as an insurance
holding company on August 26, 1986. Donegal Mutual held approximately 48% of
our outstanding Class A common stock and approximately 83% of our outstanding
Class B common stock. Donegal Mutual’s ownership provides Donegal Mutual
with approximately 74% of the aggregate voting power of our outstanding shares
of Class A common stock and our outstanding shares of Class B common stock.
While maintaining the separate corporate existence of each company, our insurance
subsidiaries and Donegal Mutual conduct business together as the Donegal Insurance
Group. As such, Donegal Mutual and our insurance subsidiaries share the same
business philosophy, the same management, the same employees and the same facilities
and offer the same types of insurance products.
We have been an effective consolidator of smaller “main street”
property and casualty insurance companies, and we expect to pursue opportunities
to acquire other insurance companies to expand our business in a given region
or to commence operations in a new region. Since 1995, we have completed six
acquisitions of property and casualty insurance companies or began to participate
in their business through Donegal Mutual’s entry into quota-share reinsurance
agreements with them.
1.67% 