Donegal Group Inc. (Nasdaq: DGICA, DGICB) Friday reported its results of operations for the quarter and year ended December 31, 2002.
The Company continued its trend of strong underwriting quarters during the fourth quarter of 2002 with the Company posting net income of $3,627,496, or $.39 per share on a diluted basis, compared to a net loss of $857,155, or $.10 per share on a diluted basis, in the fourth quarter of 2001.
For the year ended December 31, 2002 the Company posted historic high net income of $12,002,722, or $1.31 per share on a diluted basis and a return on average equity of 9...
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