Donegal Group's Net Income Grows 32.8% in Q2

Donegal Group Inc., an insurance holding company that acquires small to medium-sized property and casualty insurers, announced second quarter net income of $8.58 million, a 32.8% increase from $6.46 million in the prior-year quarter. For the first six months of the year, the company’s net income grew 53.4% compared to the first half of 2015, reaching $20.43 million. Net premiums written for the workers’ compensation line were $28.2 million for the second quarter and $59.2 million for the first six months of 2016 — increases of 11.7% and 9.7%, respectively, fr...