Marietta, Pa.-based Donegal Group Inc. said it has completed its $12 million acquisition of Sheboygan Falls Insurance Company.
The $12 million price is for all of the outstanding capital stock and includes a surplus contribution of $8.5 million to support future premium growth of Sheboygan Falls.
Sheboygan Falls, based in Sheboygan Falls, Wis., operates only in Wisconsin, where it provides a line of personal lines insurance products, including auto, homeowners, dwelling fire and umbrella coverages.
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