DGICA Q1'25 Investor Presentation FINAL

www.donegalgroup.com

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Achieving sustained

Strategically modernizing

Capitalizing on

Providing superior

our operations and

experiences to our agents,

excellent financial

opportunities to grow

processes to transform our

policyholders and

performance

profitably

business

employees

Maintaining underwriting

Implementing new

Continuing expansion

Ensuring "ease of doing

systems to streamline

within existing markets

business" through

discipline and premium

business processes and

through independent

automated agency

rate adequacy

workflows and enhance

agents

portals and interfaces

data analytics

Utilizing data analytics

Expanding focus on

State-specific strategies

Responsive claims

and predictive modeling

for growth or reduction of

process excellence to

tools to inform risk

premiums, agency

service, underwriting and

identify opportunities for

selection and pricing

distribution and

customer support

operational efficiencies

decisions

enhanced profit

www.donegalgroup.com

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(dollars in thousands, except per share data)

Q1'25

Q1'24

Change

Net Premiums Written

$247,092

$251,442

(1.7%)

Net Premiums Earned

$232,702

$227,749

2.2%

Better/(Worse)

Loss Ratio

56.7%

66.3%

9.6 pts

Core

54.2%

58.7%

4.5 pts

Weather

3.7%

4.7%

1.0 pt

Large Fire Losses

3.3%

6.6%

3.3 pts

Prior Accident Year Development

(4.5%)

(3.7%)

0.8 pts

Adverse (Favorable)

Expense Ratio

34.6%

35.7%

1.1 pts

Dividend Ratio

0.3%

0.4%

0.1 pts

Combined Ratio

91.6%

102.4%

10.8 pts

Net Investment Income

$11,984

$10,972

9.2%

Net Income

$25,205

$5,956

323.2%

Per Share - Class A (Diluted)

$0.71

$0.18

294.4%

Book Value Per Share

$16.24

$14.53

11.8%

www.donegalgroup.com

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Net Premiums Written

Statutory Combined Ratio

($ in millions)

Q1'25

Q1'24

Change

Q1'25

Q1'24

Change

Better/(Worse)

Better/(Worse)

Commercial Lines - Total

$160.6

$155.5

3.3%

94.7%

101.6%

6.9 pts

Automobile

$56.5

$53.5

5.6%

91.4%

99.6%

8.2 pts

Workers' Compensation

$28.8

$31.1

(7.5)%

117.6%

111.2%

(6.4) pts

Commercial Multi-peril

$60.8

$57.5

5.7%

90.3%

102.7%

12.4 pts

Other

$14.5

$13.4

8.6%

80.8%

82.2%

1.4 pts

Personal Lines - Total

$86.5

$95.9

(9.9)%

83.6%

100.3%

16.7 pts

Automobile

$55.2

$61.4

(10.1)%

85.0%

99.8%

14.8 pts

Homeowners

$28.8

$31.8

(9.4)%

83.8%

102.9%

19.1 pts

Other

$2.5

$2.8

(11.2)%

56.6%

85.2%

28.6 pts

Total Lines

$247.1

$251.4

(1.7)%

90.3%

101.2%

10.9 pts

Certain components may not foot due to rounding.

www.donegalgroup.com

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