Donegal group’s chief risk officer sells $180,235 in stock

Christina Marie Hoffman, Senior Vice President and Chief Risk Officer at Donegal Group Inc. (NASDAQ:DGICA), a property and casualty insurance company with a market capitalization of $647 million, executed a significant stock transaction on March 13, 2025. According to InvestingPro analysis, the stock is currently trading near its 52-week high of $18.19, with a P/E ratio of 9.67. Hoffman sold 10,000 shares of Class A Common Stock at an average price of $18.0236 per share, totaling $180,235. Following this sale, Hoffman retains ownership of 4,405 shares directly.

Additionally, Hoffman exercised options to acquire 10,000 shares at $14.43 per share, which were then sold, contributing to the net change in her holdings. This transaction is part of Hoffman’s ongoing management of her stock portfolio within the company.

In other recent news, Donegal Group Inc. has announced the establishment of a new Annual Executive Incentive Plan, as detailed in a recent SEC filing. This plan, approved by the board of directors and the Compensation Committee, is designed to offer bonus opportunities to executive officers based on specific performance goals for the fiscal year 2025. The performance targets include commercial lines premium growth, a statutory combined ratio, and a specified operating return on equity. The plan aims to align the interests of Donegal Group and its shareholders by incentivizing financial goal achievement and retaining key executives through performance-based compensation. The Joint Compensation Committee, comprising members from both the Company’s and Donegal Mutual’s boards, will oversee the plan and has the authority to issue discretionary bonuses. Adjustments to bonus payouts will depend on the extent to which the set objectives are met. Details about executive compensation, including salary increases and stock option grants, will be disclosed in the Proxy Statement for the 2025 Annual Meeting of Stockholders. This strategic move reflects Donegal Group’s efforts to enhance executive performance in alignment with its financial objectives.

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