Donegal

Q2 FY2026 EarningsQ2 FY26 performance was mixed compared to consensus, with total revenue of $241.1M beating the $238.2M mean estimate by 1.23%, driven by strong investment income. Diluted GAAP EPS of $0.60 significantly exceeded the consensus of $0.43, primarily due to a lower-than-expected loss ratio resulting from reduced weather-related activity and favorable prior-year reserve development. Despite the bottom-line beat, personal lines net premiums written fell 9.7% YoY due to attrition, while the consolidated expense ratio rose to 35.8% vs. 32.2% in the prior-year period.