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 A.M. Best has removed from under review with positive 
 implications and upgraded the Financial Strength Ratings to A 
 (Excellent) from B++ (Good) and the Long-Term Issuer Credit Ratings to 
 "a" from "bbb+" of Mountain States Commercial Insurance Company 
 (Mountain States Commercial) and Mountain States Indemnity Company 
 (Mountain States Indemnity). The outlooks assigned to these Credit 
 Ratings (ratings) are stable. Both companies are domiciled in 
 Albuquerque, NM.
 
 
 These rating actions follow the May 25, 2017, merger of Mountain States 
 Mutual Casualty Company with and into Donegal Mutual Insurance Company 
 (Donegal Mutual), which resulted in Donegal Mutual's acquisition of 
 Mountain States Commercial and Mountain States Indemnity and the 
 implementation of a 100% quota share reinsurance contract whereby 
 Donegal Mutual reinsures 100% of Mountain State Commercial's and 
 Mountain States Indemnity's premiums, losses and expenses. Donegal 
 Mutual is the lead member of Donegal Insurance Group, which also 
 includes the insurance subsidiaries of the publicly traded holding 
 company, Donegal Group Inc. DGICA. The 
 ratings of Donegal Insurance Group and its members, and Donegal Group 
 Inc. are unaffected as a result of this acquisition.
 
 
 This press release relates to Credit Ratings that have been published 
 on A.M. Best's website. For all rating information relating to the 
 release and pertinent disclosures, including details of the office 
 responsible for issuing each of the individual ratings referenced in 
 this release, please see A.M. Best's <a xmlns="http://www.w3.org/1999/xhtml" href="http://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww3.ambest.com%2Fratings%2Fentities%2Fratingeventdisclosures.aspx&amp;esheet=51565756&amp;newsitemid=20170526005352&amp;lan=en-US&amp;anchor=Recent+Rating+Activity&amp;index=1&amp;md5=255fff6a7993468ffeca51351347a79f" rel="nofollow" rel="nofollow">Recent 
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 Best's Credit Ratings</a>. For information on the proper media 
 use of Best's Credit Ratings and A.M. Best press releases, please view <a xmlns="http://www.w3.org/1999/xhtml" href="http://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.ambest.com%2Fabout%2FMediaGuide-BestsCreditRatingsProperUse.pdf&amp;esheet=51565756&amp;newsitemid=20170526005352&amp;lan=en-US&amp;anchor=Guide+for+Media+-+Proper+Use+of+Best%27s+Credit+Ratings+and+A.M.+Best+Rating+Action+Press+Releases&amp;index=3&amp;md5=021bca771240bc5ad1f36cd50bf5c3e4" rel="nofollow" rel="nofollow">Guide 
 for Media - Proper Use of Best's Credit Ratings and A.M. Best Rating 
 Action Press Releases</a>.
 
 
 A.M. Best is the world's oldest and most authoritative insurance 
 rating and information source. For more information, visit <a xmlns="http://www.w3.org/1999/xhtml" href="http://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.ambest.com%2F&amp;esheet=51565756&amp;newsitemid=20170526005352&amp;lan=en-US&amp;anchor=www.ambest.com&amp;index=4&amp;md5=37d31c6f929b10e9b4059bf456ef4731" rel="nofollow" rel="nofollow">www.ambest.com</a>.
 
 
 Copyright © 2017 by A.M. Best Rating Services, Inc. and/or its 
 subsidiaries. ALL RIGHTS RESERVED.
 
 
 
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Press Releases

A.M. Best Removes From Under Review and Upgrades Credit Ratings of Mountain States Commercial Insurance Company and Mountain States Indemnity Company - Donegal Gr (NASDAQ:DGICB), Donegal Gr (NASDAQ:DGICA)

Donegal Gr

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DGICB

A.M. Best Removes From Under Review and Upgrades Credit Ratings of Mountain States Commercial Insurance Company and Mountain States Indemnity Company


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