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Donegal Mutual Insurance Co. is exiting the personal lines business in seven of the 22 states in which it does business and will transfer those personal lines accounts worth $25 million in premium to Safeco Insurance.
Safeco will assume Donegal's personal lines business in the states of Alabama, Maine, Nebraska, New Hampshire, North Carolina, South Carolina and South Dakota. Donegal said the transfer to Safeco will give its independent agents in those states an option for those policyholders.
Donegal said it did not have enough personal lines business in those seven states to make it profitable. The approximately $25 million of personal lines premiums in those states represented approximately 2.6 percent of its overall premium writings.
The company stressed that it is looking to grow its commercial lines business in...