MARIETTA, Pa., April 24, 2013 (GLOBE NEWSWIRE) -- Donegal Group Inc. (Nasdaq:DGICA) (Nasdaq:DGICB) was named to a list of 100 Most Trustworthy Companies for the second consecutive year, 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 Ratings creates its list by examining more than 8,000 companies traded on U.S. exchanges. Every three months it assigns each company an accounting and governance risk score, or AGR, based on proprietary modeling designed to identify practices that historically have had a high correlation with increasing shareholder risk.
"We are pleased to be recognized once again by Forbes and GMI Ratings as a 'Most Trustworthy 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 Companies" analysis can be found at http://www.forbes.com/sites/jacquelynsmith/2013/03/18/americas-100-most-trustworthy-companies/. A reprint of the Forbes article is also available as a "Featured Report" in the Investors area of Donegal Group Inc.'s website at www.donegalgroup.com.
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.