Donegal Group, Inc. (NASDAQ:DGICA) Q4 2023 Earnings Conference Call February 22, 2024 8:30 AM ET
Company Participants
Karin Daly - IR, The Equity Group
Kevin Burke - Chairman, President & CEO
Jeffrey Miller - EVP & CEO, Donegal Mutual and the Company
Jeffery Hay - SVP & Chief Underwriting Officer, Donegal Mutual and SVP of the Company
Anthony Viozzi - SVP & Chief Investment Officer, Donegal Mutual and the Company
Daniel DeLamater - COO & EVP
Conference Call Participants
Karin Daly
Yes, good morning and thank you for joining us today. This morning, Donegal Group issued its fourth quarter and full year 2023 earnings release outlining its results. The release and the supplemental investor presentation are available in the Investor Relations section of Donegal website at www.donegalgroup.com. Please be advised that today's conference was recorded and all participants are in listen only mode. After management's prepared remarks, there will be a prerecorded question and answer session for responses to several questions. Submitted ahead of the call know that we have incorporated responses for many of the questions we received directly into management's prepared remarks. Speaking today will be President and Chief Executive Officer, Kevin Burke, Chief Financial Officer, Jeff Miller, Chief Underwriting Officer, Jeff Hay, Chief Operating Officer, Dan diameter, and Chief Investment Officer, Tony VRG.
Please be aware that statements made during this call that are not historical facts are forward-looking statements and necessarily involve risks and uncertainties that could cause actual results to vary materially. These factors can be found in Dynepo Group's filings with the Securities and Exchange Commission, including its annual report on Form 10 K and quarterly reports on Form 10-Q. The Company disclaims any obligation to update or publicly announce the results of any revisions that they may make to any forward-looking statement to reflect the occurrence of anticipated or unanticipated events or circumstances after the date of such statements.
With that, it's my pleasure to turn it over to Mr. Kevin Burke. Kevin?
Kevin Burke
Thank you, Jeremy, and welcome, everyone. We're pleased to provide an update today and a number of accomplishments in 2023 as well as our areas of focus for 2024. Our primary objective is to improve our underwriting profitability, and we believe the action plans and rate increases we implemented during 2023 will lead to incremental improvements in our results for 2024 and beyond.
Donlin Gold's fourth quarter 2023 results did not meet our expectations, nor did they reflect the efforts of our team during the year and executing many initiatives that will lead to better financial performance over the long term.