UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_____________________

Form 8-K
_____________________

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event Reported): November 15, 2019  

Donegal Group Inc.
(Exact Name of Registrant as Specified in Charter)

DE0-1534123-2424711
(State or Other Jurisdiction of Incorporation)(Commission File Number)(I.R.S. Employer Identification Number)

 

1195 RIVER RD, MARIETTA, PA 17547
(Address of Principal Executive Offices) (Zip Code)

717-426-1931
(Registrant's telephone number, including area code)


(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 [   ]  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 [   ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 [   ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 [   ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2). Emerging growth company [   ]

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [   ]

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of Each Class  Trading Symbols  Name of Each Exchange on Which Registered
Class A Common Stock, $.01 par value  DGICA  The NASDAQ Global Select Market
Class B Common Stock, $.01 par value  DGICB  The NASDAQ Global Select Market

 

 
 

Item 8.01. Other Events.

On November 15, 2019, the Registrant issued a press release, a copy of which is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits.

Exhibit 99.1. Press release dated November 15, 2019


SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 Donegal Group Inc.
   
  
Date: November 15, 2019By: /s/ Jeffrey D. Miller        
  Jeffrey D. Miller
  Executive Vice President & Chief Financial Officer
  


EXHIBIT INDEX

 

Exhibit Number Description
  
99.1 Press Release dated November 15, 2019

EdgarFiling

EXHIBIT 99.1

Donegal Group Inc. Announces Consolidation of Subsidiaries

MARIETTA, Pa., Nov. 15, 2019 (GLOBE NEWSWIRE) -- Donegal Group Inc. (NASDAQ:DGICA) and (NASDAQ:DGICB) announced that it plans to consolidate several of its wholly-owned insurance subsidiaries to simplify its organizational structure and reduce administrative costs.  

Effective December 1, 2019, Le Mars Insurance Company (“Le Mars”), an Iowa property and casualty insurance company, and Sheboygan Falls Insurance Company (“Sheboygan Falls”), a Wisconsin property and casualty insurance company, will merge with and into Atlantic States Insurance Company (“Atlantic States”), a Pennsylvania property and casualty insurance company (the “Mergers”).  As a result of the Mergers, the separate corporate existences of Le Mars and Sheboygan Falls will cease and Atlantic States will continue as the surviving insurance company.  The parties to the Mergers have obtained all required regulatory approvals with respect to the Mergers.

The Mergers will have no impact on the staffing, operations or branch offices of the Donegal Insurance Group in the regions in which Le Mars and Sheboygan Falls operate currently.  While the insurance policies of Le Mars and Sheboygan Falls will be included in the pooling agreement between Atlantic States and Donegal Mutual Insurance Company beginning upon their next renewal date, we do not expect the Mergers to materially impact the consolidated financial results of Donegal Group Inc.

About Donegal Group Inc.

Donegal Group Inc. is an insurance holding company whose insurance subsidiaries offer personal and commercial property and casualty lines of insurance in 20 Mid-Atlantic, Midwestern, New England and Southern states.  Donegal Mutual Insurance Company and the insurance subsidiaries of Donegal Group Inc. conduct business together as the Donegal Insurance Group.  The Donegal Insurance Group has an A.M. Best rating of A (Excellent).

The Class A common stock and Class B common stock of Donegal Group Inc. trade on the NASDAQ Global Select Market under the symbols DGICA and DGICB, respectively. We are focused on several primary strategies, including improving our financial performance, utilizing technology to improve our operational efficiency, strategically modernizing our business in order to achieve operational excellence and enhancing our market position to compete effectively.

CONTACT:  Jeffrey D. Miller
Executive Vice President and Chief Financial Officer
Phone: (717) 426-1931
E-mail: investors@donegalgroup.com