Donegal Group Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2017. For the quarter, the company's total revenues were $185,716,000 against $175,311,000 a year ago. Income before income tax expense was $8,512,000 against $6,429,000 a year ago. Net income was $7,109,000 against $4,813,000 a year ago. Net income per common share Class A - diluted was $0.26 against $0.18 a year ago. Net income per common share Class B - basic and diluted was $0.24 against $0.16 a year ago. Net premiums earned of $177,284,000 against $166,810,000 a year ago. Operating income was $6,744,000 against $4,151,000 a year ago. Annualized return on average equity was 6.4% against 4.4% a year ago.

For the nine months, the company's total revenues were $548,268,000 against $511,227,000 a year ago. Income before income tax expense was $11,841,000 against $34,493,000 a year ago. Net income was $9,895,000 against $25,247,000 a year ago. Net income per common share Class A - diluted was $0.36 against $0.95 a year ago. Net income per common share Class B - basic and diluted was $0.33 against $0.88 a year ago. Net premiums earned of $521,455,000 against $487,228,000 a year ago. Annualized return on average equity was 3.0% against 7.9% a year ago. Operating income was $7,160,000 against $23,814,000 a year ago. Book value per share of $16.39 at September 30, 2017, compared to $16.59 a year ago. Annualized return on equity improved to 6.4% compared to 4.4% at September 30, 2016.

For the full year 2017, the company expecting effective tax rate projecting in the 19% to 20% range.