| Business Summary | | Donegal
Group,
Inc.
is
an
insurance
holding
company
that
engages
in
the
property
and
casualty
insurance
business
in
15
mid-Atlantic
and
southeastern
states.
The
Company
has
three
segments:
the
investment
function,
the
personal
lines
of
insurance,
and
the
commercial
lines
of
insurance.
The
Company's
return
on
invested
assets
is
an
important
element
of
its
financial
results.
Currently,
the
investment
objective
is
to
maintain
a
widely
diversified
fixed
maturities
portfolio
structured
to
maximize
after-tax
investment
income
while
minimizing
credit
risk
through
investments
in
high
quality
instruments.
The
personal
lines
consist
primarily
of
automobile
and
homeowners
insurance.
The
commercial
lines
consist
primarily
of
automobile,
multi-peril
and
workers'
compensation
insurance. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Donegal
Group
is
a
regional
insurance
holding
company
which
offers
a
range
of
insurance
products,
including
homeowner
and
private
passenger
automobile
policies,
and
commercial
automobile,
multiple
peril
and
workers'
compensation
policies.
For
the
six
months
ended
6/30/01,
revenues
rose
12%
to
$91.3
million.
Net
income
rose
54%
to
$5.7
million.
Results
reflect
an
increase
in
average
invested
assets
as
well
as
reduced
interest
expense. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| C. Ireland, 91 Chairman | -- | Donald Nikolaus, 58 Pres,
CEO | $499K | Philip Glatfelter, ll, 71 Vice
Chairman | -- | Ralph Spontak, 48 CFO,
Sr. VP, Sec. | 308K | Cyril Greenya, 56 Sr.
VP, Commerical Underwriting | -- | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|