April 3, 2018 / 3:20 PM / 24 days ago

BRIEF-Donegal Group Unit Plans To Consolidate Certain Operations & Close Branch Office Of Peninsula Insurance Company Effective July 2

April 3 (Reuters) - Donegal Group Inc:

* UNIT PLANS TO CONSOLIDATE CERTAIN OPERATIONS & CLOSE BRANCH OFFICE OF PENINSULA INSURANCE COMPANY EFFECTIVE JULY 2

* EXPECTS TO ACHIEVE ANNUALIZED EXPENSE SAVINGS OF ABOUT $3.7 MILLION AS A RESULT OF IMPLEMENTING PENINSULA CONSOLIDATION

* EXPECTS RESTRUCTURING CHARGE FOR EMPLOYEE TERMINATION COSTS ASSOCIATED WITH PENINSULA CONSOLIDATION OF ABOUT $1.9 MILLION TO $2 MILLION Source text for Eikon: Further company coverage:

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