Donegal cites $20mn cat bite in dropping to a Q2 loss

Personal lines and commercial carrier Donegal Group swung to a
second-quarter loss as severe weather took a $20.1mn bite out of
operating earnings, almost double the five-year average for the
period.
Mitigating the cat losses was an 8.1 percent increase in net
premiums earned, to about $175mn, CEO Kevin Burke said. yesterday
as the Marietta, Pennsylvania-based insurer reported an operating
loss of $3mn compared with a profit of $8.1mn in the same period a
year earlier.
The $0.11 per class...