Earnings Document

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 A.M. Best rating, our ability to integrate and manage successfully the companies we may acquire from time to time and the other risks that we describe from time to time in our filings with the Securities and Exchange Commission. We disclaim any obligation to update such statements or to announce publicly the results of any revisions that we may make to any forward-looking statements to reflect the occurrence of anticipated or unanticipated events or circumstances after the date of such statements.

Reconciliations of non-GAAP data are included in the financial supplement section of this presentation.

Company Overview

Strategies to Provide Value to Stakeholders

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

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.