MARIETTA, Pa., April 21, 2014 (GLOBE NEWSWIRE) -- Donegal Group Inc. (Nasdaq:DGICA) (Nasdaq:DGICB) was named to a list of America's 50 Most Trustworthy Financial Companies, ranking the company among firms that have consistently demonstrated transparent and conservative accounting practices and solid corporate governance and management as determined by GMI Ratings, an independent financial analytics company, and reported by Forbes.
According to Forbes, GMI reviews the accounting and governance behaviors of more than 8,000 publicly-traded companies in North America to develop lists of trustworthy organizations.
"We are pleased to be recognized by Forbes and GMI Ratings as a 'Most Trustworthy Financial Company' based on their analysis of our accounting and governance practices," said Donald H. Nikolaus, President and Chief Executive Officer of Donegal Group Inc.
More information regarding the GMI Ratings "America's Most Trustworthy Financial Companies" analysis can be found at http://www.forbes.com/sites/kathryndill/2014/04/01/americas-50-most-trustworthy-financial-companies/.
Donegal Group Inc. is an insurance holding company whose insurance subsidiaries offer personal and commercial property and casualty lines of insurance in 22 Mid-Atlantic, Midwestern, New England and Southern states. The insurance subsidiaries of Donegal Group Inc. and Donegal Mutual Insurance Company conduct business together as the Donegal Insurance Group. The Donegal Insurance Group has an A.M. Best rating of A (Excellent).
The Company's Class A common stock and Class B common stock trade on NASDAQ under the symbols DGICA and DGICB, respectively. As an effective acquirer of small to medium-sized "main street" property and casualty insurers, Donegal Group has grown profitably over the past 25 years. The Company continues to seek opportunities for growth while striving to achieve its longstanding goal of outperforming the property and casualty insurance industry in terms of service, profitability and growth in book value.
CONTACT: Jeffrey D. Miller, Executive Vice President & Chief Financial Officer Phone: 717-426-1931 Email: email@example.comSource:Donegal Group Inc.