DONEGAL GROUP INC DGICA

Financials SIC 6331 - Fire, Marine & Casualty Insurance NAICS Finance and Insurance › Insurance Carriers and Related Activities › Insurance Carriers › Direct Insurance (except Life, Health, and Medical) Carriers › Direct Property and Casualty Insurance Carriers derived Nasdaq

Donegal Group Inc., or DGI, is an insurance holding company whose insurance subsidiaries and affiliates offer property and casualty insurance in 21 Mid-Atlantic, Midwestern, Southern and Southwestern states. DGI has no

significant business operations and is separate and distinct from its insurance subsidiaries. As used in this Form 10-K Report, the terms "we," "us" and "our" refer to Donegal Group Inc. and its insurance subsidiaries. Our Class A common stock and

our Class B common stock trade on the NASDAQ Global Select Market under the symbols "DGICA" and "DGICB," respectively.

Donegal Mutual Insurance Company, or Donegal Mutual, organized us as an insurance holding company on August 26, 1986. At December 31, 2025, Donegal Mutual held approximately 44% of our outstanding Class A common stock

Last close 18.82 2026-10-23
Market cap —
52-week range 16.11 - 21.06

Valuation FY2025 figures against the last close

P/S—
P/E—
P/FCF—
EV/EBITDA—
Dividend yield—
Diluted EPS—

Where the revenue comes from as reported in the latest 10-K

Revenue by segment

  • Commercial Lines
  • Personal Lines
  • Investments
Revenue by segment, 3 categories over 3 years. The same figures are in the table below. FY2025 Commercial Lines, FY2025: 555.9M (57.0%) 57% Commercial Lines Personal Lines, FY2025: 365.3M (37.5%) 37% Personal Lines Investments, FY2025: 53.2M (5.5%) 5% FY2024 Commercial Lines, FY2024: 539.7M (54.7%) 55% Personal Lines, FY2024: 397M (40.2%) 40% Investments, FY2024: 49.9M (5.1%) 5% FY2023 Commercial Lines, FY2023: 533M (57.6%) 58% Personal Lines, FY2023: 349M (37.7%) 38% Investments, FY2023: 44M (4.8%) 5%
Segment FY2025FY2024FY2023
Commercial Lines $555.9M $539.7M $533.0M
Personal Lines $365.3M $397.0M $349.0M
Investments $53.2M $49.9M $44.0M

As the company reported it, from the “Segment Information - Financial Data by Segment (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Segments are the filer's own reporting structure, which is a decision about how it runs itself rather than a standard taxonomy: two companies in the same industry routinely divide themselves along different lines, so these are worth reading down a single company rather than across two. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $978.0M$989.6M$927.3M$848.2M$816.5M$777.8M$812.5M$771.8M$739.0M$688.4M
Interest expense $1.4M$946.0K$619.8K$620.6K$895.6K$1.2M$1.6M$2.3M$1.6M$1.7M
Pre-tax income $97.6M$62.3M$5.1M-$3.6M$30.3M$63.3M$57.1M-$48.2M$12.1M$41.3M
Income tax $18.3M$11.5M$638.0K$1.7M$5.1M$10.5M$9.9M$15.5M$5.0M$10.5M
Net income $79.3M$50.9M$4.4M-$2.0M$25.3M$52.8M$47.2M-$32.8M$7.1M$30.8M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $26.8M$52.9M$23.8M$25.1M$57.7M$103.1M$49.3M$52.6M——
Short-term investments —————$20.9M$14.0M$16.7M$11.0M$9.4M
Property, plant and equipment $2.3M$2.5M$2.6M$2.8M$3.0M$4.4M$4.6M$4.7M$7.3M$6.7M
Goodwill $5.6M$5.6M$5.6M$5.6M$5.6M$5.6M$5.6M$5.6M$5.6M$5.6M
Other intangibles $958.0K$958.0K$958.0K$958.0K$958.0K$958.0K$958.0K$958.0K$958.0K$958.0K
Total assets $2.39B$2.34B$2.27B$2.24B$2.26B$2.16B$1.92B$1.83B$1.74B$1.62B
Total liabilities $1.75B$1.79B$1.79B$1.76B$1.72B$1.64B$1.47B$1.43B$1.29B$1.18B
Retained earnings $297.7M$245.1M$217.8M$240.6M$263.7M$258.4M$223.3M$192.8M$236.9M$244.9M
Total equity $640.4M$545.8M$479.7M$483.6M$531.0M$517.8M$451.0M$398.9M$448.7M$438.6M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $70.2M$67.4M$28.6M$67.1M$76.7M$101.1M$76.4M$63.8M$81.0M$60.0M
Depreciation and amortisation $150.1K$153.5K$166.4K$173.5K$208.6K$257.4K$282.2K$479.6K$478.8K$742.9K
Investing cash flow -$91.1M-$48.0M-$16.7M-$98.5M-$62.2M-$99.7M-$43.4M-$37.6M-$58.4M-$51.3M
Financing cash flow -$5.2M$9.7M-$13.2M-$1.2M-$59.9M$52.3M-$36.3M-$11.4M-$9.3M-$12.3M
Dividends paid $25.7M$22.7M$21.9M$20.5M$19.1M$17.0M$16.1M$15.7M$14.8M$14.1M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001140361-26-008268.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -500M 0 500M 1B Revenue, FY2016: 688.4M Net income, FY2016: 30.8M Revenue, FY2017: 739M Net income, FY2017: 7.1M Revenue, FY2018: 771.8M Net income, FY2018: -32.8M Revenue, FY2019: 812.5M Net income, FY2019: 47.2M Revenue, FY2020: 777.8M Net income, FY2020: 52.8M Revenue, FY2021: 816.5M Net income, FY2021: 25.3M Revenue, FY2022: 848.2M Net income, FY2022: -2M Revenue, FY2023: 927.3M Net income, FY2023: 4.4M Revenue, FY2024: 989.6M Net income, FY2024: 50.9M Revenue, FY2025: 978M Net income, FY2025: 79.3M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $688.4M $739.0M $771.8M $812.5M $777.8M $816.5M $848.2M $927.3M $989.6M $978.0M
Gross profit — — — — — — — — — —
Net income $30.8M $7.1M -$32.8M $47.2M $52.8M $25.3M -$2.0M $4.4M $50.9M $79.3M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Auditor changed The company changed auditors. Sometimes routine; historically one of the more reliable warnings that something is wrong. Item 4.01
  • Results announced Item 2.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Regulation FD disclosure Item 7.01
  • Other event Item 8.01
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Other event Item 8.01
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

Others in SIC 6331

TickerCompanyMarket capP/ERevenue growth
CB Chubb Ltd $137.73B 13.8x 6.5%
PGR PROGRESSIVE CORP/OH/ $132.59B 11.9x 16.3%
TRV TRAVELERS COMPANIES, INC. $83.07B 14.5x 5.2%
ALL ALLSTATE CORP $64.02B 6.7x 5.6%
AIG AMERICAN INTERNATIONAL GROUP, INC. $42.49B 15.0x -1.7%
HIG HARTFORD INSURANCE GROUP, INC. $37.04B 10.3x 3.3%
ACGL ARCH CAPITAL GROUP LTD. $34.70B 8.8x 14.3%
WRB BERKLEY W R CORP $27.22B 16.5x 9.9%