DGICB

Donegal Group, Inc. Class B shares are non-voting common stock in the same insurance holding company as Class A shares. Both share classes have equal economic rights including dividends and liquidation proceeds, but Class B shares carry no voting rights in shareholder matters. The dual-class structure allows the founding family and insiders to maintain voting control while accessing public capital markets. Class B shares typically trade at a slight discount to Class A shares due to the absence of voting rights, though both participate equally in the company's financial performance.