Earnings Document
Investor Presentation
Safe Harbor
We base all statements contained in this presentation that are not historic facts on our current expectations. Such statements are forward-looking in nature (as defined in the Private Securities Litigation Reform Act of 1995) and necessarily involve risks and uncertainties. Forward-looking statements we make may be identified by our use of words such as "will," "expect," "intend," "plan," "anticipate," "believe," "seek," "estimate" and similar expressions. Our actual results could vary materially from our forward-looking statements. The factors that could cause our actual results to vary materially from the forward-looking statements we have previously made include, but are not limited to, prolonged economic challenges resulting from the COVID-19 pandemic, the availability and cost of labor and materials, adverse and catastrophic weather events, our ability to maintain profitable operations, the adequacy of the loss and loss expense reserves of our insurance subsidiaries, the availability and successful operation of the information technology systems our insurance subsidiaries utilize, the successful development of new information technology systems to allow our insurance subsidiaries to compete effectively, business and economic conditions in the areas in which we and our insurance subsidiaries operate, interest rates, competition from various insurance and other financial businesses, terrorism, the availability and cost of reinsurance, legal and judicial developments including those related to COVID-19 business interruption coverage exclusions, adverse litigation and other industry trends that could increase our loss costs, changes in regulatory requirements, changes in our
Reconciliations of non-GAAP data are included in the financial supplement section of this presentation.
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Company Overview
The Company offers full lines of commercial products (approx. 62% of 2021 NPW) and personal products (approx. 38% of 2021 NPW), including commercial multi-peril,
automobile, homeowners, workers' compensation and other coverages.
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President and |
Executive Vice President and |
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Chief Executive Officer |
Chief Financial Officer |
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Corporate Headquarters |
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NASDAQ Tickers |
DGICA & DGICB |
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DGICA Share Description |
25.8 million shares outstanding |
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(one-tenth of a vote per share) |
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DGICB Share Description |
5.6 million shares outstanding |
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(one vote per share) |
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CURRENT FIGURES FOR DGICA |
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as of |
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Stock Price |
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52-WeekRange (as of 2/1/2022) |
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Annualized Dividend Yield |
4.5% |
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Book Value Per Share |
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Price-to-Book Value |
0.84x |
Strategies to Provide Value to Stakeholders
Achieving
sustained excellent
financial
performance
Maintaining
underwriting discipline
and premium rate
adequacy
Utilizing data analytics
and predictive
modeling tools to
inform risk selection and pricing decisions
Strategically
modernizing our operations and processes to transform our business
Implementing new
systems to streamline business processes and workflows and enhance data analytics
Expanding focus on process excellence to identify opportunities for operational efficiencies
Capitalizing on opportunities to grow profitably
Continuing expansion within existing markets through independent agents
State-specific
strategies for growth or reduction of premiums, agency distribution and enhanced profit
Delivering a
superior
experience to our
agents and
policyholders
Ensuring "ease of
doing business"
through automated agency portals and interfaces
Responsive claims service, underwriting and customer support
Continuing to shift our business mix to a higher proportion of commercial lines
where we believe we will continue to have opportunities to achieve profitable, sustainable long-term growth
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Significant Benefits to Shareholders from Mutual Relationship
- Pooling agreement fosters an environment of continuity and maintains superior employee relations in which the business can grow.
- Shared combined business plan toenhance market penetration and underwriting profitability.
- Product offerings arecomplementary, offering a broad range of products that expands our ability to service accounts.
- Donegal Mutual held approximately41% of our outstanding Class A common stock and approximately 84% of our outstanding Class B common stock with approximately 70% of combined voting power as of
December 31, 2021 .
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