Donegal Group Inc. Announces Appointment of Director and Quarterly Dividend
October 20 2016 - 4:15PM
Donegal Group Inc. (NASDAQ:DGICA) (NASDAQ:DGICB) reported that its
board of directors today considered and approved the appointment of
Kevin G. Burke as a member of the board of directors of Donegal
Group Inc. Mr. Burke was appointed to serve as a Class A
director until the election of his successor at Donegal Group
Inc.’s annual meeting of stockholders in April 2017 or his earlier
resignation or death.
Donegal Group Inc.’s board of directors appointed Mr. Burke to
fill the vacancy created by the death of Philip H. Glatfelter, II
on October 1, 2016. Mr. Glatfelter was elected as a member of
Donegal Group Inc.’s board of directors in 1986. Mr.
Glatfelter also served on the board of directors of Donegal Mutual
Insurance Company since 1981 and served on the boards of directors
of various subsidiaries of Donegal Group Inc. and Donegal Mutual
Insurance Company.
Mr. Burke has been the President and Chief Executive Officer of
Donegal Group Inc. since July 2015. Mr. Burke has also served
as Executive Vice President and Chief Operating Officer of Donegal
Mutual Insurance Company since 2014, a position he also held in DGI
from 2014 to July 2015. Prior to 2014, Mr. Burke served as
Senior Vice President, Human Resources, of Donegal Mutual and
Donegal Group Inc.
Donegal Group Inc.’s board of directors also declared a regular
quarterly cash dividend of $.1375 per share of the Company’s Class
A common stock and $.12 per share of the Company’s Class B common
stock. The dividends are payable on November 15, 2016 to
stockholders of record as of the close of business on November 1,
2016.
About the Company
Donegal Group Inc. is an insurance holding company whose
insurance subsidiaries offer personal and commercial property and
casualty lines of insurance in 21 Mid-Atlantic, Midwestern, New
England and Southern states. The insurance subsidiaries of Donegal
Group Inc. and Donegal Mutual Insurance Company conduct business
together as the Donegal Insurance Group. The Donegal
Insurance Group has an A.M. Best rating of A (Excellent).
The Company’s Class A common stock and Class B common stock
trade on NASDAQ under the symbols DGICA and DGICB, respectively. As
an effective acquirer of small to medium-sized “main street”
property and casualty insurers, Donegal Group has grown profitably
over the last three decades. The Company continues to seek
opportunities for growth while striving to achieve its longstanding
goal of outperforming the property and casualty insurance industry
in terms of service, profitability and book value growth.
For Further Information:
Jeffrey D. Miller
Executive Vice President & Chief Financial Officer
Phone: (717) 426-1931
E-mail: investors@donegalgroup.com
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