MARIETTA, Pa., July 24 /PRNewswire-FirstCall/ -- For the second consecutive year, Donegal Insurance Group has been ranked among the top fifty performing insurance companies nationwide by Ward Group, a Cincinnati-based management consulting firm specializing in the insurance industry.
Each year Ward Group analyzes the financial performance of 4,000 companies in the insurance industry and identifies the top performers. Receiving a Ward's Benchmark 50 Award is a nationally recognized achievement that represents five years of superior performance (2001-2005) for Donegal Insurance Group.
The award, based on Safety, Consistency, and Performance Tests developed by Ward, measures a number of financial indicators including compound annual growth in premiums, return on average equity, and return on total revenue.
"We are pleased to be recognized as a top performer among our peers, and we recognize the importance of excelling in the areas of financial safety, consistency and performance in the accomplishment of our goals to build our organization and provide increased value to our policyholders, agents and stockholders," said Donald H. Nikolaus, President and Chief Executive Officer of Donegal Insurance Group.
Founded in 1889 and based in Marietta, PA, Donegal Insurance Group consists of property and casualty insurance companies that provide full lines of personal, farm, and commercial insurance to various regions in the country through a network of independent insurance agencies. The Donegal Insurance Group includes Donegal Mutual Insurance Company and the insurance subsidiaries of Donegal Group Inc. (NASDAQ:DGICANASDAQ:DGICB). DATASOURCE: Donegal Insurance Group CONTACT: Jeffrey D. Miller, Senior Vice President & CFO of Donegal Insurance Group, +1-717-426-1931 x7357, or Web site: http://www.donegalgroup.com/
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