Donegal Group Inc.
(Nasdaq: DGICA, DGICB) Friday reported that the financial impact of property
claims from Hurricane Isabel, net of reinsurance, will total approximately
$1 million which will reduce net income by $650,000, or $.07 per share on a
diluted basis, for the quarter ended September 30, 2003.
"The Company's underwriting efforts to limit catastrophe exposures and our
reinsurance programs are responding as designed and will limit the net
financial impact to the Company to $650,000," stated Donald H. Nikolaus,
President and CEO of the Donegal Companies.
The Company will...
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