Latest Donegal Group (DGICB) Headlines
Donegal Group Inc. Announces 53.8 Percent Increase in Fourth Quarter Net Income and Improved Full Year 2013 Results
GlobeNewswire - Fri Feb 21, 7:00AM CST
Donegal Group Inc. (Nasdaq
GICA) (Nasdaq GICB) today reported its financial results for the fourth quarter and full year of 2013. Highlights included:
Gregory M. Shepard Voluntarily Withdraws Form A Applications - Blasts Donegal Group's Board and CEO Don Nikolaus
PR Newswire - Mon Feb 17, 5:00AM CST
(NASDAQ: "DGICA" and "DGICB") - Mr. Shepard announced today that he is voluntarily withdrawing his Form A applications to increase his holdings in Donegal Group Inc. ("Donegal"), as filed with the insurance departments of Pennsylvania, Iowa, Virginia, Wisconsin, Michigan, and Maryland. Mr. Shepard stated: "The focus of the insurance departments is to have people and entities in control positions who are committed to increasing surplus and protecting policyholders. My focus is rather on shareholder value, although I believe that an increase in shareholder value leads to a stronger company and greater protection for the policyholders." Mr. Shepard thanks the insurance departments for their time, attention, and professionalism.
Donegal Group Inc. Announces Fourth Quarter 2013 Webcast
GlobeNewswire - Tue Jan 21, 7:30AM CST
Donegal Group Inc. (Nasdaq GICA) (Nasdaq GICB) announced that the Company will hold a live webcast on Friday, February 21, 2014, beginning at 11:00AM Eastern Time. At that time, the Company will discuss its results for the fourth quarter and year ended December 31, 2013. The Company will release its quarterly results on this same date prior to the opening of regular trading on the NASDAQ Stock Market.
Nigeria Telcos Break Silence Over Criticism
by Henry Ifeanyi - All Africa Global Media - Fri Jan 17, 7:31AM CST
TELECOMMUNICATIONS firms bemoaned the alleged negative publicity saying this overlooked their contribution to the local economy.
Donegal Group Inc. CL BCorporate Event Announcement Notice
Wall Street Horizon - Thu Dec 19, 7:49PM CST
RBC Global Asset Management Inc. announced today December 2012 distributions for unitholders of RBC Target Maturity Corporate Bond ETFs. Unitholders of record on December 31, 2012, will receive distributions payable on January 7, 2013. The ex-dividend date will be December 27, 2012.
Donegal Group Inc. Announces Quarterly Dividend
GlobeNewswire - Thu Dec 19, 2:51PM CST
Donegal Group Inc. (Nasdaq GICA) (Nasdaq GICB) reported that its board of directors today declared a regular quarterly cash dividend of $.1275 per share of the Company's Class A common stock and $.1150 per share of the Company's Class B common stock. The dividends are payable on February 18, 2014 to stockholders of record as of the close of business on February 3, 2014.
Shepard Submits Shareholder Proposal for Equal Voting of Shares to Donegal Group Inc.
PR Newswire - Mon Nov 18, 1:15PM CST
(NASDAQ: "DGICA" and "DGICB") - Gregory M. Shepard today submitted a shareholder proposal to Donegal Group Inc. ("DGI") urging shareholders to approve a resolution requesting DGI's Board, as soon as practicable, to take the necessary steps to adopt a recapitalization plan that would provide for all of DGI's outstanding stock to have one vote per share.
Donegal Group Inc. Announces Third Quarter 2013 Results
GlobeNewswire - Fri Oct 25, 7:00AM CDT
Donegal Group Inc. (Nasdaq GICA) (Nasdaq GICB) today reported its financial results for the third quarter and first nine months of 2013. Highlights include:
Gregory Shepard Blasts Don Nikolaus for Once Again Rejecting an Amicable Transaction
PR Newswire - Thu Oct 24, 2:34PM CDT
(NASDAQ: "DGICA" and "DGICB") - Gregory Mark Shepard today blasted CEO Don Nikolaus and the Boards of Directors of Donegal Group Inc. ("Donegal Group") and Donegal Mutual Insurance Company ("Donegal Mutual") for rejecting his proposed amicable transaction. He calls on both Boards to exercise their fiduciary duty and not "kow-tow" to Mr. Nikolaus' desire to control Donegal Group and Donegal Mutual as his personal fiefdom. He calls on other shareholders of Donegal Group to let their voices be heard. Mr. Shepard's amicable proposal was filed on October 7, 2013 and is available in Mr. Shepard's 13D/A #18 at www.sec.gov.
Gregory Shepard Proposes Amicable Transaction to Donegal Group Inc.
PR Newswire - Mon Oct 07, 5:00AM CDT
(NASDAQ: "DGICA" and "DGICB") - Gregory Mark Shepard announced today that he has sent a letter to the Boards of Directors of Donegal Group Inc. ("Donegal Group") and Donegal Mutual Insurance Company ("Donegal Mutual") proposing an amicable transaction.
A.M. Best Affirms Ratings of Members of Donegal Insurance Group, Michigan Insurance Company and Donegal Group Inc.
Business Wire - Tue Sep 17, 2:16PM CDT
A.M. Best Co. has affirmed the financial strength ratings (FSR) of A (Excellent) and issuer credit ratings (ICR) of "a" of the members of the Donegal Insurance Group (Marietta, PA) (Donegal Group) , as well as Michigan Insurance Company (MICO) (Grand Rapids, MI). In addition, A.M. Best has affirmed the ICR of "bbb" of the publicly traded holding company, Donegal Group Inc. (Delaware) [NASDAQ: DGICA and DGICB]. The outlook for all ratings is stable. (See below for a detailed listing of the member companies.)
Donegal Group Inc. to Present at Keefe, Bruyette & Woods 2013 Insurance Conference
GlobeNewswire - Thu Sep 12, 7:30AM CDT
Donegal Group Inc. (Nasdaq GICA) (Nasdaq GICB) announced today that the Company will participate in the Keefe, Bruyette & Woods 2013 Insurance Conference. Donald H. Nikolaus, President and Chief Executive Officer, and Jeffrey D. Miller, Senior Vice President and Chief Financial Officer, are scheduled to present on September 25, 2013 at 3:40 p.m. (Eastern). If you are unable to attend the conference, you may listen to the presentation live over the Internet through a link on the Investors page of our website at http://investors.donegalgroup.com.
Tender Offer for Donegal Group Class B Shares by Gregory Shepard Expires
PR Newswire - Thu Aug 01, 5:00AM CDT
(NASDAQ: "DGICB") - Gregory Mark Shepard announced today that his tender offer for 962,636 shares of Class B Common Stock ("Class B Shares") of Donegal Group Inc. ("Donegal") at a price of $30 per share (the "Offer") expired at 11:59 p.m., New York City time, on July 31, 2013.
Donegal Group Inc. Announces Second Quarter 2013 Results
GlobeNewswire - Fri Jul 26, 7:00AM CDT
Donegal Group Inc. (Nasdaq GICA) (Nasdaq GICB) today reported its financial results for the second quarter and first half of 2013. Highlights include:
New Share Buyback Program by Donegal - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Tue Jul 23, 1:10PM CDT
Donegal Group Inc., a leading property and casualty insurer has decided to reward its shareholders with a new buyback program.
Donegal Group Inc. Announces Quarterly Dividend and Share Repurchase Program
GlobeNewswire - Thu Jul 18, 3:15PM CDT
Donegal Group Inc. (Nasdaq GICA) (Nasdaq GICB) reported that its board of directors today declared a regular quarterly cash dividend of $.1275 per share of the Company's Class A common stock and $.1150 per share of the Company's Class B common stock. The dividends are payable on August 15, 2013 to stockholders of record as of the close of business on August 1, 2013.
Donegal Group Inc. Announces Second Quarter 2013 Webcast
GlobeNewswire - Fri Jun 21, 7:45AM CDT
Donegal Group Inc. (Nasdaq GICA) (Nasdaq GICB) announced that the Company will hold a live webcast on Friday, July 26, 2013, beginning at 11:00AM Eastern Time. At that time, the Company will discuss its results for the second quarter ended June 30, 2013. The Company will release its quarterly results on this same date prior to the opening of regular trading on the NASDAQ Stock Market.
The Board of Directors of Donegal Group Inc. Recommends That Its Class B Stockholders Reject the Second Amended Tender Offer of Gregory Mark Shepard
GlobeNewswire - Wed May 29, 12:26PM CDT
Donegal Group Inc. ("DGI") (Nasdaq GICA) (Nasdaq GICB) reported that it had filed an Amendment No. 3 to Schedule 14D-9 solicitation/recommendation statement with the SEC today. Amendment No. 3 reports the unanimous recommendation of DGI's Board that the holders of DGI's Class B Common Stock reject the unsolicited second amended tender offer for 962,636 shares of DGI's Class B Shares at a price of $30.00 per share in cash by Gregory Mark Shepard. Shepard first commenced his tender offer to expire on April 19, 2013; he has now amended his offer a second time. The expiration date of Shepard's Second Amended Offer is July 31, 2013.
The Board of Directors of Donegal Group Inc. Recommends That Its Class B Stockholders Reject the Amended Tender Offer of Gregory Mark Shepard
GlobeNewswire - Thu May 02, 4:15PM CDT
Donegal Group Inc. ("DGI") (Nasdaq GICA) (Nasdaq GICB) reported that it had filed an amendment to Schedule 14D-9 solicitation/recommendation statement with the SEC today. The Amended Schedule 14D-9 reports the unanimous recommendation of DGI's Board that the holders of DGI's Class B Common Stock reject the unsolicited and amended tender offer for 962,636 shares of DGI's Class B Shares at a price of $30 per share in cash by Gregory Mark Shepard. The Amended Offer states it will expire May 20, 2013.
Donegal Group Inc. Announces 53.8 Percent Increase in Fourth Quarter Net Income and Improved Full Year 2013 Results
GlobeNewswire - Fri Feb 21, 7:00AM CST
Donegal Group Inc. (Nasdaq
GICA) (Nasdaq GICB) today reported its financial results for the fourth quarter and full year of 2013. Highlights included: Gregory M. Shepard Voluntarily Withdraws Form A Applications - Blasts Donegal Group's Board and CEO Don Nikolaus
PR Newswire - Mon Feb 17, 5:00AM CST
(NASDAQ: "DGICA" and "DGICB") - Mr. Shepard announced today that he is voluntarily withdrawing his Form A applications to increase his holdings in Donegal Group Inc. ("Donegal"), as filed with the insurance departments of Pennsylvania, Iowa, Virginia, Wisconsin, Michigan, and Maryland. Mr. Shepard stated: "The focus of the insurance departments is to have people and entities in control positions who are committed to increasing surplus and protecting policyholders. My focus is rather on shareholder value, although I believe that an increase in shareholder value leads to a stronger company and greater protection for the policyholders." Mr. Shepard thanks the insurance departments for their time, attention, and professionalism.
Donegal Group Inc. Announces Fourth Quarter 2013 Webcast
GlobeNewswire - Tue Jan 21, 7:30AM CST
Donegal Group Inc. (Nasdaq
GICA) (Nasdaq GICB) announced that the Company will hold a live webcast on Friday, February 21, 2014, beginning at 11:00AM Eastern Time. At that time, the Company will discuss its results for the fourth quarter and year ended December 31, 2013. The Company will release its quarterly results on this same date prior to the opening of regular trading on the NASDAQ Stock Market. Nigeria Telcos Break Silence Over Criticism
by Henry Ifeanyi - All Africa Global Media - Fri Jan 17, 7:31AM CST
TELECOMMUNICATIONS firms bemoaned the alleged negative publicity saying this overlooked their contribution to the local economy.
Donegal Group Inc. CL BCorporate Event Announcement Notice
Wall Street Horizon - Thu Dec 19, 7:49PM CST
RBC Global Asset Management Inc. announced today December 2012 distributions for unitholders of RBC Target Maturity Corporate Bond ETFs. Unitholders of record on December 31, 2012, will receive distributions payable on January 7, 2013. The ex-dividend date will be December 27, 2012.
Donegal Group Inc. Announces Quarterly Dividend
GlobeNewswire - Thu Dec 19, 2:51PM CST
Donegal Group Inc. (Nasdaq
GICA) (Nasdaq GICB) reported that its board of directors today declared a regular quarterly cash dividend of $.1275 per share of the Company's Class A common stock and $.1150 per share of the Company's Class B common stock. The dividends are payable on February 18, 2014 to stockholders of record as of the close of business on February 3, 2014. Shepard Submits Shareholder Proposal for Equal Voting of Shares to Donegal Group Inc.
PR Newswire - Mon Nov 18, 1:15PM CST
(NASDAQ: "DGICA" and "DGICB") - Gregory M. Shepard today submitted a shareholder proposal to Donegal Group Inc. ("DGI") urging shareholders to approve a resolution requesting DGI's Board, as soon as practicable, to take the necessary steps to adopt a recapitalization plan that would provide for all of DGI's outstanding stock to have one vote per share.
Donegal Group Inc. Announces Third Quarter 2013 Results
GlobeNewswire - Fri Oct 25, 7:00AM CDT
Donegal Group Inc. (Nasdaq
GICA) (Nasdaq GICB) today reported its financial results for the third quarter and first nine months of 2013. Highlights include: Gregory Shepard Blasts Don Nikolaus for Once Again Rejecting an Amicable Transaction
PR Newswire - Thu Oct 24, 2:34PM CDT
(NASDAQ: "DGICA" and "DGICB") - Gregory Mark Shepard today blasted CEO Don Nikolaus and the Boards of Directors of Donegal Group Inc. ("Donegal Group") and Donegal Mutual Insurance Company ("Donegal Mutual") for rejecting his proposed amicable transaction. He calls on both Boards to exercise their fiduciary duty and not "kow-tow" to Mr. Nikolaus' desire to control Donegal Group and Donegal Mutual as his personal fiefdom. He calls on other shareholders of Donegal Group to let their voices be heard. Mr. Shepard's amicable proposal was filed on October 7, 2013 and is available in Mr. Shepard's 13D/A #18 at www.sec.gov.
Gregory Shepard Proposes Amicable Transaction to Donegal Group Inc.
PR Newswire - Mon Oct 07, 5:00AM CDT
(NASDAQ: "DGICA" and "DGICB") - Gregory Mark Shepard announced today that he has sent a letter to the Boards of Directors of Donegal Group Inc. ("Donegal Group") and Donegal Mutual Insurance Company ("Donegal Mutual") proposing an amicable transaction.
A.M. Best Affirms Ratings of Members of Donegal Insurance Group, Michigan Insurance Company and Donegal Group Inc.
Business Wire - Tue Sep 17, 2:16PM CDT
A.M. Best Co. has affirmed the financial strength ratings (FSR) of A (Excellent) and issuer credit ratings (ICR) of "a" of the members of the Donegal Insurance Group (Marietta, PA) (Donegal Group) , as well as Michigan Insurance Company (MICO) (Grand Rapids, MI). In addition, A.M. Best has affirmed the ICR of "bbb" of the publicly traded holding company, Donegal Group Inc. (Delaware) [NASDAQ: DGICA and DGICB]. The outlook for all ratings is stable. (See below for a detailed listing of the member companies.)
Donegal Group Inc. to Present at Keefe, Bruyette & Woods 2013 Insurance Conference
GlobeNewswire - Thu Sep 12, 7:30AM CDT
Donegal Group Inc. (Nasdaq
GICA) (Nasdaq GICB) announced today that the Company will participate in the Keefe, Bruyette & Woods 2013 Insurance Conference. Donald H. Nikolaus, President and Chief Executive Officer, and Jeffrey D. Miller, Senior Vice President and Chief Financial Officer, are scheduled to present on September 25, 2013 at 3:40 p.m. (Eastern). If you are unable to attend the conference, you may listen to the presentation live over the Internet through a link on the Investors page of our website at http://investors.donegalgroup.com. Tender Offer for Donegal Group Class B Shares by Gregory Shepard Expires
PR Newswire - Thu Aug 01, 5:00AM CDT
(NASDAQ: "DGICB") - Gregory Mark Shepard announced today that his tender offer for 962,636 shares of Class B Common Stock ("Class B Shares") of Donegal Group Inc. ("Donegal") at a price of $30 per share (the "Offer") expired at 11:59 p.m., New York City time, on July 31, 2013.
Donegal Group Inc. Announces Second Quarter 2013 Results
GlobeNewswire - Fri Jul 26, 7:00AM CDT
Donegal Group Inc. (Nasdaq
GICA) (Nasdaq GICB) today reported its financial results for the second quarter and first half of 2013. Highlights include: New Share Buyback Program by Donegal - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Tue Jul 23, 1:10PM CDT
Donegal Group Inc., a leading property and casualty insurer has decided to reward its shareholders with a new buyback program.
Donegal Group Inc. Announces Quarterly Dividend and Share Repurchase Program
GlobeNewswire - Thu Jul 18, 3:15PM CDT
Donegal Group Inc. (Nasdaq
GICA) (Nasdaq GICB) reported that its board of directors today declared a regular quarterly cash dividend of $.1275 per share of the Company's Class A common stock and $.1150 per share of the Company's Class B common stock. The dividends are payable on August 15, 2013 to stockholders of record as of the close of business on August 1, 2013. Donegal Group Inc. Announces Second Quarter 2013 Webcast
GlobeNewswire - Fri Jun 21, 7:45AM CDT
Donegal Group Inc. (Nasdaq
GICA) (Nasdaq GICB) announced that the Company will hold a live webcast on Friday, July 26, 2013, beginning at 11:00AM Eastern Time. At that time, the Company will discuss its results for the second quarter ended June 30, 2013. The Company will release its quarterly results on this same date prior to the opening of regular trading on the NASDAQ Stock Market. The Board of Directors of Donegal Group Inc. Recommends That Its Class B Stockholders Reject the Second Amended Tender Offer of Gregory Mark Shepard
GlobeNewswire - Wed May 29, 12:26PM CDT
Donegal Group Inc. ("DGI") (Nasdaq
GICA) (Nasdaq GICB) reported that it had filed an Amendment No. 3 to Schedule 14D-9 solicitation/recommendation statement with the SEC today. Amendment No. 3 reports the unanimous recommendation of DGI's Board that the holders of DGI's Class B Common Stock reject the unsolicited second amended tender offer for 962,636 shares of DGI's Class B Shares at a price of $30.00 per share in cash by Gregory Mark Shepard. Shepard first commenced his tender offer to expire on April 19, 2013; he has now amended his offer a second time. The expiration date of Shepard's Second Amended Offer is July 31, 2013. The Board of Directors of Donegal Group Inc. Recommends That Its Class B Stockholders Reject the Amended Tender Offer of Gregory Mark Shepard
GlobeNewswire - Thu May 02, 4:15PM CDT
Donegal Group Inc. ("DGI") (Nasdaq
GICA) (Nasdaq GICB) reported that it had filed an amendment to Schedule 14D-9 solicitation/recommendation statement with the SEC today. The Amended Schedule 14D-9 reports the unanimous recommendation of DGI's Board that the holders of DGI's Class B Common Stock reject the unsolicited and amended tender offer for 962,636 shares of DGI's Class B Shares at a price of $30 per share in cash by Gregory Mark Shepard. The Amended Offer states it will expire May 20, 2013. 
