Donegal Group Inc.

AI-generated fair value estimate for this company.

Method: Identical residual-income / justified price-to-book model as the Class A shares, since both classes carry equal economic (dividend/liquidation) rights per share: book value per share $17.33, normalized ROE 11%, cost of equity 9%, terminal growth 3.5%, justified P/B 1.364x.

Reasoning: Class B shares represent the same underlying business and book value as Class A; only market price, float and liquidity differ, which does not change the fundamental per-share intrinsic value derived from the company's ROE-versus-cost-of-equity economics.