Donegal First-Quarter Net Jumps Threefold
NU Online News Service, April 20, 9:55 a.m. EDT?Donegal Group Inc. said its first-quarter net profit rose threefold to $11.73 million, compared with $3.84 million reported during the corresponding period one year ago.[@@]
The Marietta, Pa.-based insurer said the company benefited from improved underwriting results, with the combined ratio falling to 92.7?down from 97.2 reported during the 2003 first quarter.
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