Brief: Donegal Group Sees Q4 Loss Per Share Of $0.53 To $0.55

Donegal

08/02/2019 13:09

Feb 8 (Reuters) - Donegal Group Inc  DGICA.O :
    * . ANNOUNCES PRELIMINARY RESULTS FOR 2018 FOURTH QUARTER
AND
HIGHLIGHTS CHANGES TO 2019 REINSURANCE PROGRAM
    * SEES Q4 LOSS PER SHARE $0.53 TO $0.55
    * DURING Q4 OF 2018, COMPANY INCURRED WEATHER-RELATED LOSSES
OF
APPROXIMATELY $12.5 MILLION
    * DURING Q4 OF 2018, INCURRED WEATHER-RELATED LOSSES OF
ABOUT
$12.5 MILLION, INCLUDING ABOUT $4.1 MILLION OF LOSSES FROM
HURRICANE MICHAEL
    * EXPECTS TO REPORT A COMBINED RATIO BETWEEN 110.0% AND
111.0% FOR
Q4 OF 2018.
    * EXPECTS TO REPORT AFTER-TAX NET INVESTMENT LOSSES FOR Q4
OF 2018
OF APPROXIMATELY $6.9 MILLION
    * EXPECTS TO REPORT A Q4 NET LOSS BETWEEN 53 CENTS AND 55
CENTS
PER CLASS A SHARE
    * PROJECTS AN OVERALL DECREASE OF MORE THAN $25.0 MILLION IN
TOTAL
REINSURANCE PREMIUMS FOR 2019 COMPARED TO 2018
    * COMPANY INCREASED ITS EXPECTATIONS OF ULTIMATE LOSSES IT
WILL
INCUR FOR 2018 ACCIDENT YEAR

Source text for Eikon:  ID:nGNX8XkSBY 
Further company coverage:  DGICA.O 

 (Reuters.Briefs@thomsonreuters.com)