Brief: Donegal Group says weather-related losses added about $20.1 mln to company's Q2 losses

Donegal

14/07/2017 13:30

July 14 (Reuters) - Donegal Group Inc  DGICA.O : 
    * Donegal Group Inc. provides information relating to claim 
activity in second quarter 
    * Says its results of operations for Q2 of 2017 will reflect 
significant loss activity 
    * Says weather-related losses added approximately $20.1 
million to company's losses for Q2 of 2017 
    * Donegal Group - claims resulted from numerous wind and 
hail events related to severe weather patterns that persisted in 
co's operating regions during extended periods during Q2 of 2017 
    * Donegal Group - incurred approximately $7.6 million of 
large fire losses for Q2 of 2017 
    * Also increased its loss and loss expense reserves by 
approximately $5.8 million in Q2 
    * Donegal Group  - currently expects to report a net loss 
between $0.07 and $0.09 per diluted share of its class a common 
stock for q2 of 2017 
 
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