Donegal reported a net income for Q4 08 of $6.39m compared to $10.8m for Q4 07

Donegal Group, a property and casualty insurance holding company, has reported that its net income for the fourth quarter ended December 31, 2008 was $6.39 million, or $0.26 per share of class A common stock on a diluted basis, compared to $10.8 million, or $0.43 per share of class A common stock on a diluted basis, for the fourth quarter of 2007.

Revenues for the fourth quarter of 2008 were $95.84 million, an increase of 10.3% over $86.89 million for the fourth quarter of 2007. Net premiums earned were $89.07 million, a 13.9% increase over $78.19 million for the fourth quarter of 2007.

Net income for the year ended December 31, 2008 was $25.54 million, or $1.02 per share of class A common stock on a diluted basis, compared to $38.28 million, or $1.53 per share of class A common stock on a diluted basis, for the year ended December 31, 2007.

For the year, total revenues were $372.31 million, as compared to $340.62 million for the year 2007. Net premiums earned for the year 2008 increased to $346.58 million from $310.07 million for the year 2007.