Donegal-B

Q3 FY2026 EarningsQ3 FY26 results slightly beat consensus on the top and bottom lines: total revenue was $237.7M vs. $236.4M expected, and GAAP net income reached $18.2M vs. $14.1M expected. Despite a 3.0% YoY decline in net premiums earned, strong net investment income growth (+5.4% YoY) and favorable loss reserve development of $3.5M supported the earnings beat. The effective tax rate of 17.6% was lower than the 19.25% consensus, further aiding the net income surplus.