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Donegal earnings down for Q4, year

Donegal Group Inc. reported earnings of $10.8 million, or 43 cents per diluted Class A share, for the fourth quarter of 2007.

Donegal Group Inc. reported earnings of $10.8 million, or 43 cents per diluted Class A share, for the fourth quarter of 2007. This is down from $11 million, or 44 cents per diluted Class A share, in the same period last year.

Analysts estimated 43 cents per Class A share for the quarter.

The insurance company reported full-year earnings of $38.3 million, down from $40.2 million in 2006.

Lancaster County-based Donegal is a holding company with subsidiaries that sell personal and commercial lines of property and casualty insurance.

Donegal trades its Class A stock on the Nasdaq under the ticker symbol DGICA.

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