Pennsylvania-based Donegal Group...
... has closed the first half of the year with net income of $4.6m, a decline of 65% that reflected a swing to an underwriting loss. The group’s combined ratio rose to 103.9% from 97.7%, as a 16% rise in claim losses to $127.9m offset a 3.9% increase in earned premiums to $175.9m. The group’s loss ratio for the six months rose to 72.7% from 65.1%.