Donegal Reports Record Q2 Operating Results

Donegal Group Inc. (Nasdaq: DGICA, DGICB) Friday reported record operating results for the quarter and six months ended June 30, 2003. The Company's excellent underwriting results continued through the second quarter of this year with the Company posting record quarterly net income of $5,268,953, or $.56 per share on a diluted basis, compared to $3,178,834, or $.35 per share on a diluted basis, in the second quarter of 2002. The Company's combined ratio continued to improve from the strong results posted for the first quarter ending up the second quarter at an exceptional 92.3%, compare...