DONEGAL GROUP Business Summary

Donegal Group Inc. (DGICB) is an insurance holding company that generates revenue primarily through net premiums earned from property and casualty insurance products and net investment income from its diversified securities portfolio. The company operates through two main segments: Commercial Lines, which includes commercial automobile, multi-peril, and workers' compensation policies, and Personal Lines, which focuses on homeowners and private passenger automobile insurance. As of early 2026, Donegal Group continues to execute a multi-year systems modernization project and a strategic shift toward profitable growth through its network of independent insurance agencies across 21 states. In the competitive landscape, the company contends with national giants such as The Travelers Companies, Allstate, and CNA Financial, as well as regional players like Selective Insurance Group. Donegal fits into the market as a specialized regional insurer, leveraging deep independent agency relationships and a localized underwriting approach to maintain a competitive combined ratio relative to its larger, more broadly dispersed peers. The leadership team is characterized by significant internal tenure and deep industry expertise, led by Kevin G. Burke, who has served as President and CEO since 2015 and Chairman of the Board since 2024. Burke, who joined the organization in 2000, is supported by Executive Vice President and CFO Jeffrey D. Miller, a veteran who has overseen the company’s financial operations since 2005. The executive suite was further strengthened in 2025 with the appointments of Sanjay Pandey as Chief Information Officer and Jeffery T. Hay as Chief Underwriting Officer, both tasked with driving the company’s digital transformation and underwriting discipline. Donegal Group was founded in 1986 by Donegal Mutual Insurance Company, which remains its most notable stakeholder, holding approximately 70% of the combined voting power of the company’s Class A and Class B common stock. The board of directors includes experienced professionals such as V. Anthony Viozzi (Chief Investment Officer) and Karen L. Groff, who was appointed Treasurer in early 2026.