Free Trial
→ The 1934 playbook (From American Alternative) (Ad)tc pixel Free DGICB Stock Alerts

Donegal Group (DGICB) Financials

Donegal Group logo
$18.14 -1.08 (-5.62%)
Closing price 04:00 PM Eastern
Extended Trading
$18.45 +0.31 (+1.71%)
As of 04:10 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
Compare
Annual Income Statements for Donegal Group

Annual Income Statements for Donegal Group

This table shows Donegal Group's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 21 31 7.12 -33 47 53 25 -1.96 4.43 51 79
Consolidated Net Income / (Loss)		 21 31 7.12 -33 47 53 25 -1.96 4.43 51 79
Net Income / (Loss) Continuing Operations		 21 31 7.12 -33 47 53 25 -1.96 4.43 51 79
Total Pre-Tax Income 		28 41 12 -48 57 63 30 -3.64 5.06 62 98
Total Revenue		 635 687 737 770 810 777 816 848 927 989 977
Net Interest Income / (Expense)		 -1.11 -1.66 -1.59 -2.30 -1.58 -1.20 -0.90 -0.62 -0.62 -0.95 -1.35
Total Interest Income		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Interest Expense		 1.11 1.66 1.59 2.30 1.58 1.20 0.90 0.62 0.62 0.95 1.35
Long-Term Debt Interest Expense		 1.11 1.66 1.59 2.30 1.58 1.20 0.90 0.62 0.62 0.95 1.35
Total Non-Interest Income		 636 688 739 772 812 778 816 848 927 990 978
Other Service Charges		 5.83 5.30 5.16 5.26 4.13 3.06 2.42 1.52 0.89 2.74 3.28
Net Realized & Unrealized Capital Gains on Investments		 23 25 29 22 51 32 38 24 44 50 53
Premiums Earned		 606 656 703 741 756 742 776 822 882 937 921
Other Non-Interest Income		 2.03 1.76 2.12 3.17 0.30 0.43 0.43 0.38 0.35 0.31 0.30
Total Non-Interest Expense		 602 645 725 818 754 713 785 851 922 926 879
Property & Liability Insurance Claims		 398 423 487 576 506 460 521 564 609 604 564
Insurance Policy Acquisition Costs		 102 113 122 119 124 133 135 143 157 159 161
Other Operating Expenses		 2.45 1.41 1.43 1.72 1.42 1.26 1.22 1.24 1.20 2.56 0.56
Amortization Expense		 100 108 115 121 122 119 129 142 154 160 153
Income Tax Expense		 6.60 11 5.00 -15 9.93 10 5.08 -1.68 0.64 11 18
Basic Earnings per Share		 $0.78 $1.19 $0.49 ($2.27) $3.19 $3.49 $1.57 ($0.13) $0.25 $2.91 $4.23
Weighted Average Basic Shares Outstanding		 30.40M 29.10M 32.30M 30.10M 28.85M 30.28M 31.36M 32.74M 33.39M 35.64M 37.00M
Diluted Earnings per Share		 $0.77 $1.16 $0.48 ($2.27) $3.18 $3.48 $1.57 ($0.13) $0.25 $2.91 $4.19
Weighted Average Diluted Shares Outstanding		 30.40M 29.10M 32.30M 30.10M 28.85M 30.28M 31.36M 32.74M 33.39M 35.64M 37.00M
Weighted Average Basic & Diluted Shares Outstanding		 30.40M 29.10M 32.30M 30.10M 28.85M 30.28M 31.36M 32.74M 33.39M 35.64M 37.00M

Quarterly Income Statements for Donegal Group

This table shows Donegal Group's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025
Period end date 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 2.00 -0.81 -1.97 5.96 4.15 17 24 25 17 20 17
Consolidated Net Income / (Loss)		 2.00 -0.81 -1.97 5.96 4.15 17 24 25 17 20 17
Net Income / (Loss) Continuing Operations		 2.00 -0.81 -1.97 5.96 4.15 17 24 25 17 20 17
Total Pre-Tax Income 		2.25 -1.00 -2.48 7.25 5.01 20 30 31 20 25 21
Total Revenue		 229 234 239 241 247 251 250 245 247 246 239
Net Interest Income / (Expense)		 -0.15 -0.16 -0.16 -0.15 -0.15 -0.37 -0.27 -0.33 -0.34 -0.34 -0.34
Total Interest Expense		 0.15 0.16 0.16 0.15 0.15 0.37 0.27 0.33 0.34 0.34 0.34
Long-Term Debt Interest Expense		 0.15 0.16 0.16 0.15 0.15 0.37 0.27 0.33 0.34 0.34 0.34
Total Non-Interest Income		 229 234 239 241 247 252 250 245 247 246 240
Other Service Charges		 0.19 0.16 0.25 0.22 0.58 1.00 0.94 0.88 1.21 0.81 0.38
Net Realized & Unrealized Capital Gains on Investments		 13 9.29 13 13 12 13 12 12 14 15 12
Premiums Earned		 216 224 226 228 234 238 237 233 232 230 227
Other Non-Interest Income		 0.09 0.09 0.08 0.08 0.08 0.08 0.08 0.08 0.08 0.07 0.07
Total Non-Interest Expense		 227 235 242 234 242 231 220 214 226 221 218
Property & Liability Insurance Claims		 151 157 163 151 165 146 141 132 151 143 139
Insurance Policy Acquisition Costs		 37 39 39 43 35 43 38 42 36 40 43
Other Operating Expenses		 0.32 0.21 0.23 0.44 0.37 1.50 0.25 0.46 0.00 0.18 -0.08
Amortization Expense		 38 39 39 40 41 40 40 39 40 37 37
Income Tax Expense		 0.26 -0.20 -0.51 1.29 0.86 3.66 5.66 5.96 3.56 4.97 3.77
Basic Earnings per Share		 $0.11 ($0.04) ($0.13) $0.34 $0.24 $0.97 $1.36 $1.37 $0.90 $1.07 $0.89
Weighted Average Basic Shares Outstanding		 33.14M 33.25M 33.39M 33.39M 33.48M 33.90M 35.64M 36.10M 36.51M 36.64M 37.00M
Diluted Earnings per Share		 $0.11 ($0.04) ($0.13) $0.34 $0.24 $0.97 $1.36 $1.36 $0.89 $1.06 $0.88
Weighted Average Diluted Shares Outstanding		 33.14M 33.25M 33.39M 33.39M 33.48M 33.90M 35.64M 36.10M 36.51M 36.64M 37.00M
Weighted Average Basic & Diluted Shares Outstanding		 33.14M 33.25M 33.39M 33.39M 33.48M 33.90M 35.64M 36.10M 36.51M 36.64M 37.00M

Annual Cash Flow Statements for Donegal Group

This table details how cash moves in and out of Donegal Group's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 -7.44 -3.55 13 15 -3.28 54 -45 -33 -1.33 29 -26
Net Cash From Operating Activities		 68 60 81 64 76 101 77 67 29 67 70
Net Cash From Continuing Operating Activities		 68 60 81 64 76 101 77 67 29 67 70
Net Income / (Loss) Continuing Operations		 21 31 7.12 -33 47 53 25 -1.96 4.43 51 79
Consolidated Net Income / (Loss)		 21 31 7.12 -33 47 53 25 -1.96 4.43 51 79
Depreciation Expense		 6.74 6.59 6.11 6.61 5.57 6.72 5.84 4.84 4.33 3.87 3.08
Non-Cash Adjustments to Reconcile Net Income		 -3.21 -3.61 -7.33 2.11 -22 -2.78 30 10 -3.17 -4.98 -0.62
Changes in Operating Assets and Liabilities, net		 44 26 75 88 46 44 15 54 23 18 -12
Net Cash From Investing Activities		 -76 -51 -58 -38 -43 -100 -62 -98 -17 -48 -91
Net Cash From Continuing Investing Activities		 -76 -51 -58 -38 -43 -100 -62 -98 -17 -48 -91
Purchase of Investment Securities		 -227 -222 -210 -183 -281 -347 -306 -287 -181 -213 -475
Sale and/or Maturity of Investments		 151 171 151 145 237 248 243 189 164 165 384
Net Cash From Financing Activities		 0.44 -12 -9.31 -11 -36 52 -60 -1.20 -13 9.73 -5.21
Net Cash From Continuing Financing Activities		 0.44 -12 -9.31 -11 -36 52 -60 -1.20 -13 9.73 -5.21
Issuance of Common Equity		 16 14 16 3.25 4.83 19 14 19 8.65 32 20
Payment of Dividends		 -14 -14 -15 -16 -16 -17 -19 -21 -22 -23 -26

Quarterly Cash Flow Statements for Donegal Group

This table details how cash moves in and out of Donegal Group's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025
Period end date 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025
Net Change in Cash & Equivalents		 1.91 -1.03 0.07 -3.99 4.42 4.43 24 11 -6.88 -19 -12
Net Cash From Operating Activities		 14 13 2.60 4.82 22 13 28 26 12 22 9.97
Net Cash From Continuing Operating Activities		 14 13 2.60 4.82 22 13 28 26 12 22 9.97
Net Income / (Loss) Continuing Operations		 2.00 -0.81 -1.97 5.96 4.15 17 24 25 17 20 17
Consolidated Net Income / (Loss)		 2.00 -0.81 -1.97 5.96 4.15 17 24 25 17 20 17
Depreciation Expense		 1.07 1.02 1.11 0.97 0.93 0.98 1.00 1.02 0.91 0.72 0.43
Non-Cash Adjustments to Reconcile Net Income		 -2.50 1.24 -2.24 -2.11 -0.74 -1.88 -0.26 0.47 -1.54 -1.27 1.73
Changes in Operating Assets and Liabilities, net		 13 12 5.70 0.01 17 -3.12 3.46 -0.95 -4.10 2.83 -9.37
Net Cash From Investing Activities		 -9.65 -9.67 1.20 -3.82 -12 -6.74 -25 -15 -19 -37 -20
Net Cash From Continuing Investing Activities		 -9.65 -9.67 1.20 -3.82 -12 -6.74 -25 -15 -19 -37 -20
Purchase of Investment Securities		 -42 -69 5.75 -59 -54 -49 -57 -49 -95 -152 -179
Sale and/or Maturity of Investments		 32 60 -4.55 55 42 42 32 34 76 115 158
Net Cash From Financing Activities		 -2.18 -4.33 -3.72 -4.99 -5.13 -1.58 21 0.56 -0.23 -4.04 -1.50
Net Cash From Continuing Financing Activities		 -2.18 -4.33 -3.72 -4.99 -5.13 -1.58 21 0.56 -0.23 -4.04 -1.50
Issuance of Common Equity		 3.32 1.20 1.83 0.59 0.54 4.10 27 6.60 6.26 2.52 5.08
Payment of Dividends		 -5.50 -5.54 -5.55 -5.58 -5.67 -5.68 -5.77 -6.04 -6.49 -6.56 -6.59

Annual Balance Sheets for Donegal Group

This table presents Donegal Group's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 1,538 1,623 1,738 1,832 1,923 2,161 2,255 2,243 2,266 2,336 2,387
Cash and Due from Banks		 28 25 38 53 49 103 58 25 24 53 27
Trading Account Securities		 849 898 956 973 1,097 1,200 1,264 1,247 1,295 1,360 1,462
Loans and Leases, Net of Allowance		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Accrued Investment Income		 5.99 6.30 6.55 6.56 7.07 7.94 8.21 8.86 9.95 10 11
Customer and Other Receivables		 - 9.20 - - - 0.07 1.92 0.00 1.50 0.02 0.00
Premises and Equipment, Net		 7.03 6.67 7.28 4.69 4.56 4.39 2.96 2.76 2.63 2.48 2.33
Unearned Premiums Asset		 515 547 594 635 675 748 801 791 790 778 750
Deferred Acquisition Cost		 52 56 60 61 59 59 68 73 75 73 69
Goodwill		 5.63 5.63 5.63 5.63 5.63 5.63 5.63 5.63 5.63 5.63 5.63
Intangible Assets		 0.96 0.96 0.96 0.96 0.96 0.96 0.96 0.96 0.96 0.96 0.96
Other Assets		 75 69 70 93 25 31 44 89 60 43 56
Total Liabilities & Shareholders' Equity		 1,538 1,623 1,738 1,832 1,923 2,161 2,255 2,243 2,266 2,336 2,387
Total Liabilities		 1,129 1,185 1,289 1,433 1,472 1,643 1,724 1,760 1,787 1,790 1,746
Short-Term Debt		 81 69 59 60 35 85 35 35 35 35 35
Other Short-Term Payables		 27 32 32 30 28 - 8.94 9.52 9.52 8.95 8.87
Claims and Claim Expense		 578 607 677 815 870 962 1,078 1,121 1,126 1,121 1,100
Unearned Premiums Liability		 429 466 503 507 510 537 573 578 599 612 591
Other Long-Term Liabilities		 9.19 5.93 13 17 24 54 30 17 16 13 11
Total Equity & Noncontrolling Interests		 408 439 449 399 451 518 531 484 480 546 640
Total Preferred & Common Equity		 408 439 449 399 451 518 531 484 480 546 640
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 408 438 448 399 451 518 531 484 480 546 640
Common Stock		 220 237 255 261 268 289 305 326 336 370 392
Retained Earnings		 229 245 237 193 223 258 264 241 218 245 298
Treasury Stock		 -41 -41 -41 -41 -41 -41 -41 -41 -41 -41 -41
Accumulated Other Comprehensive Income / (Loss)		 0.77 -2.25 -2.68 -14 0.50 11 3.28 -42 -33 -28 -8.30

Quarterly Balance Sheets for Donegal Group

This table presents Donegal Group's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025
Period end date 9/30/2022 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025
Total Assets		 2,237 2,279 2,289 2,260 2,294 2,335 2,346 2,368 2,408 2,422
Cash and Due from Banks		 27 23 25 24 20 24 29 64 57 39
Trading Account Securities		 1,244 1,278 1,285 1,286 1,313 1,327 1,353 1,387 1,404 1,448
Loans and Leases, Net of Allowance		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Accrued Investment Income		 9.82 10 9.45 10 10 10 11 11 11 11
Customer and Other Receivables		 3.27 2.48 0.00 0.00 0.03 0.00 0.00 0.02 2.99 0.00
Premises and Equipment, Net		 2.80 2.76 2.72 2.67 2.59 2.56 2.52 2.44 2.40 2.37
Unearned Premiums Asset		 799 821 821 800 808 831 814 780 793 777
Deferred Acquisition Cost		 74 77 79 78 79 81 78 76 77 73
Goodwill		 5.63 5.63 5.63 5.63 5.63 5.63 5.63 5.63 5.63 5.63
Intangible Assets		 0.96 0.96 0.96 0.96 0.96 0.96 0.96 0.96 0.96 0.96
Other Assets		 70 58 55 53 46 43 35 38 47 56
Total Liabilities & Shareholders' Equity		 2,237 2,279 2,289 2,260 2,294 2,335 2,346 2,368 2,408 2,422
Total Liabilities		 1,756 1,785 1,803 1,787 1,809 1,851 1,833 1,784 1,802 1,794
Short-Term Debt		 35 35 35 35 35 35 35 35 35 35
Other Short-Term Payables		 4.31 4.69 4.53 4.11 3.69 3.51 2.99 2.98 2.73 10
Claims and Claim Expense		 1,108 1,124 1,123 1,113 1,124 1,147 1,135 1,093 1,117 1,114
Unearned Premiums Liability		 595 610 624 617 634 654 647 634 636 623
Other Long-Term Liabilities		 13 12 6.86 7.45 12 12 13 19 12 12
Total Equity & Noncontrolling Interests		 481 494 486 473 485 484 513 585 606 627
Total Preferred & Common Equity		 481 494 486 473 485 484 513 585 606 627
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 481 494 486 473 485 484 513 585 606 627
Common Stock		 322 329 332 334 337 338 343 377 384 387
Retained Earnings		 248 244 240 231 224 222 233 270 280 294
Treasury Stock		 -41 -41 -41 -41 -41 -41 -41 -41 -41 -41
Accumulated Other Comprehensive Income / (Loss)		 -47 -38 -45 -50 -34 -35 -21 -21 -18 -12

Annual Metrics And Ratios for Donegal Group

This table displays calculated financial ratios and metrics derived from Donegal Group's official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
DEI Shares Outstanding		 28,075,158.00 26,808,154.00 27,430,850.00 28,364,778.00 28,683,303.00 29,771,965.00 31,329,347.00 - - - 36,096,671.00
DEI Adjusted Shares Outstanding		 28,075,158.00 26,808,154.00 27,430,850.00 28,364,778.00 28,683,303.00 29,771,965.00 31,329,347.00 - - - 36,096,671.00
DEI Earnings Per Adjusted Shares Outstanding		 0.75 1.15 0.26 -1.16 1.64 1.77 0.81 - - - 2.20
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 8.59% 8.11% 7.38% 4.35% 5.32% -4.17% 5.01% 3.93% 9.33% 6.68% -1.21%
EBITDA Growth		 102.52% 19.45% -61.97% -328.42% 249.45% 12.51% -48.32% -96.67% 680.24% 605.14% 52.04%
EBIT Growth		 104.95% 23.84% -70.69% -498.18% 217.42% 11.72% -52.05% -111.99% 239.18% 1,131.15% 56.55%
NOPAT Growth		 74.61% 21.33% -76.90% -574.50% 239.64% 12.01% -52.18% -110.08% 273.78% 1,049.30% 55.99%
Net Income Growth		 44.37% 46.74% -76.90% -560.37% 243.93% 12.01% -52.18% -107.76% 325.86% 1,049.30% 55.99%
EPS Growth		 40.00% 50.65% -58.62% -572.92% 240.09% 9.43% -54.89% -108.28% 292.31% 1,064.00% 43.99%
Operating Cash Flow Growth		 53.18% -11.96% 34.93% -21.26% 19.73% 32.44% -24.13% -12.54% -57.35% 135.61% 4.09%
Free Cash Flow Firm Growth		 2,677.90% 123.22% -44.05% 114.07% 32.84% -419.62% 204.77% -32.98% -81.57% -283.35% -0.87%
Invested Capital Growth		 4.16% 3.69% 0.02% -9.52% 5.85% 23.78% -6.87% -8.38% -0.74% 12.83% 16.30%
Revenue Q/Q Growth		 1.98% 1.96% 1.87% -0.54% 1.76% -0.39% 1.61% 1.57% 1.77% 1.06% -1.04%
EBITDA Q/Q Growth		 24.02% -9.03% -26.18% -91.74% 152.24% 1.20% -25.20% -69.63% -40.82% 93.72% -8.44%
EBIT Q/Q Growth		 16.88% -4.90% -35.13% -70.34% 197.44% 0.80% -28.22% -221.97% -56.19% 106.48% -8.19%
NOPAT Q/Q Growth		 8.07% 13.11% -53.94% -70.34% 161.97% 0.79% -26.91% -202.83% -55.18% 104.35% -7.91%
Net Income Q/Q Growth		 -10.65% 13.11% -53.94% -59.49% 161.97% 0.79% -26.91% -1,078.02% -55.18% 104.35% -7.91%
EPS Q/Q Growth		 -11.49% 12.62% -14.29% -328.30% 421.31% -0.29% -28.64% 0.00% -55.36% 104.93% -10.28%
Operating Cash Flow Q/Q Growth		 1.57% -8.98% 6.02% -18.43% 45.84% 4.93% -15.81% -1.55% -33.80% 61.21% -20.62%
Free Cash Flow Firm Q/Q Growth		 15.69% 1,138.39% -55.28% -32.66% 25.13% -8.17% 20.74% -19.96% -53.36% -0.18% 45.19%
Invested Capital Q/Q Growth		 -0.04% -1.99% -1.92% -3.47% 1.75% 2.31% -1.24% 0.46% 1.26% 5.91% 1.96%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 6.31% 6.98% 2.47% -5.41% 7.68% 9.01% 4.44% 0.14% 1.01% 6.70% 10.31%
EBIT Margin		 5.25% 6.02% 1.64% -6.27% 6.99% 8.15% 3.72% -0.43% 0.55% 6.31% 9.99%
Profit (Net Income) Margin		 3.30% 4.49% 0.97% -4.26% 5.82% 6.80% 3.10% -0.23% 0.48% 5.14% 8.12%
Tax Burden Percent		 76.07% 74.53% 58.74% 67.92% 82.60% 83.47% 83.24% 53.86% 87.40% 81.59% 81.30%
Interest Burden Percent		 82.68% 100.00% 100.00% 100.00% 100.78% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 23.93% 25.47% 41.26% 0.00% 17.40% 16.53% 16.76% 0.00% 12.60% 18.41% 18.70%
Return on Invested Capital (ROIC)		 5.24% 6.12% 1.39% -6.92% 9.88% 9.61% 4.30% -0.47% 0.86% 9.29% 12.63%
ROIC Less NNEP Spread (ROIC-NNEP)		 -0.85% 6.12% 1.39% -5.36% 9.88% 9.61% 4.30% 1.21% 0.86% 9.29% 12.63%
Return on Net Nonoperating Assets (RNNOA)		 -0.15% 1.16% 0.22% -0.82% 1.22% 1.29% 0.51% 0.08% 0.06% 0.63% 0.75%
Return on Equity (ROE)		 5.09% 7.27% 1.60% -7.73% 11.09% 10.90% 4.82% -0.39% 0.92% 9.92% 13.38%
Cash Return on Invested Capital (CROIC)		 1.16% 2.50% 1.37% 3.08% 4.19% -11.64% 11.41% 8.28% 1.60% -2.77% -2.44%
Operating Return on Assets (OROA)		 2.23% 2.61% 0.72% -2.70% 3.02% 3.10% 1.37% -0.16% 0.22% 2.71% 4.13%
Return on Assets (ROA)		 1.40% 1.95% 0.42% -1.84% 2.51% 2.59% 1.14% -0.09% 0.20% 2.21% 3.36%
Return on Common Equity (ROCE)		 5.09% 7.27% 1.60% -7.72% 11.08% 10.90% 4.82% -0.39% 0.92% 9.92% 13.38%
Return on Equity Simple (ROE_SIMPLE)		 5.14% 7.02% 1.59% -8.21% 10.45% 10.20% 4.76% -0.41% 0.92% 9.32% 12.39%
Net Operating Profit after Tax (NOPAT)		 25 31 7.12 -34 47 53 25 -2.55 4.43 51 79
NOPAT Margin		 4.00% 4.49% 0.97% -4.39% 5.82% 6.80% 3.10% -0.30% 0.48% 5.14% 8.12%
Net Nonoperating Expense Percent (NNEP)		 6.09% 0.00% 0.00% -1.56% 0.00% 0.00% 0.00% -1.68% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 94.75% 93.98% 98.36% 106.27% 93.01% 91.85% 96.28% 100.43% 99.45% 93.69% 90.01%
Earnings before Interest and Taxes (EBIT)		 33 41 12 -48 57 63 30 -3.64 5.06 62 98
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 40 48 18 -42 62 70 36 1.20 9.39 66 101
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.67 0.77 0.79 0.75 0.76 0.68 0.74 0.86 0.91 0.95 0.00
Price to Tangible Book Value (P/TBV)		 0.69 0.78 0.80 0.77 0.77 0.69 0.75 0.87 0.93 0.96 0.00
Price to Revenue (P/Rev)		 0.43 0.49 0.48 0.39 0.42 0.45 0.48 0.49 0.47 0.52 0.00
Price to Earnings (P/E)		 13.11 10.98 49.81 0.00 7.30 6.69 15.61 0.00 99.08 10.19 0.00
Dividend Yield		 5.48% 4.34% 4.31% 5.35% 4.81% 5.01% 5.01% 5.12% 5.12% 4.50% 3.64%
Earnings Yield		 7.63% 9.11% 2.01% 0.00% 13.70% 14.95% 6.41% 0.00% 1.01% 9.81% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 0.67 0.76 0.74 0.68 0.68 0.56 0.66 0.82 0.87 0.86 0.00
Enterprise Value to Revenue (EV/Rev)		 0.52 0.56 0.52 0.41 0.41 0.44 0.46 0.50 0.49 0.51 0.00
Enterprise Value to EBITDA (EV/EBITDA)		 8.30 8.09 20.89 0.00 5.38 4.86 10.27 353.16 47.89 7.56 0.00
Enterprise Value to EBIT (EV/EBIT)		 9.98 9.38 31.42 0.00 5.91 5.38 12.24 0.00 88.81 8.03 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 13.12 12.58 53.49 0.00 7.10 6.44 14.71 0.00 101.61 9.84 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 4.88 6.46 4.70 4.91 4.39 3.36 4.84 6.33 15.71 7.42 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 59.11 30.82 54.10 20.79 16.74 0.00 5.54 9.47 54.36 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.21 0.17 0.14 0.16 0.09 0.17 0.07 0.07 0.07 0.06 0.05
Long-Term Debt to Equity		 0.01 0.01 0.01 0.01 0.01 0.01 0.00 0.00 0.00 0.00 0.00
Financial Leverage		 0.18 0.19 0.16 0.15 0.12 0.13 0.12 0.07 0.07 0.07 0.06
Leverage Ratio		 3.63 3.73 3.79 4.21 4.42 4.21 4.21 4.43 4.68 4.49 3.98
Compound Leverage Factor		 3.00 3.73 3.79 4.21 4.45 4.21 4.21 4.43 4.68 4.49 3.98
Debt to Total Capital		 17.40% 14.44% 12.48% 14.01% 8.14% 14.81% 6.18% 6.75% 6.80% 6.03% 5.18%
Short-Term Debt to Total Capital		 16.38% 13.46% 11.51% 12.93% 7.12% 13.99% 6.18% 6.75% 6.80% 6.03% 5.18%
Long-Term Debt to Total Capital		 1.01% 0.98% 0.98% 1.08% 1.02% 0.82% 0.00% 0.00% 0.00% 0.00% 0.00%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 82.55% 85.51% 87.46% 85.92% 91.79% 85.19% 93.82% 93.25% 93.20% 93.97% 94.82%
Debt to EBITDA		 2.14 1.54 3.51 -1.56 0.64 1.29 0.97 29.08 3.73 0.53 0.35
Net Debt to EBITDA		 1.44 1.03 1.44 -0.30 -0.15 -0.19 -0.63 8.21 1.19 -0.27 0.08
Long-Term Debt to EBITDA		 0.12 0.10 0.27 -0.12 0.08 0.07 0.00 0.00 0.00 0.00 0.00
Debt to NOPAT		 3.39 2.40 8.99 -1.93 0.85 1.70 1.39 -13.74 7.91 0.69 0.44
Net Debt to NOPAT		 2.28 1.60 3.68 -0.37 -0.20 -0.25 -0.90 -3.88 2.53 -0.35 0.10
Long-Term Debt to NOPAT		 0.20 0.16 0.70 -0.15 0.11 0.09 0.00 0.00 0.00 0.00 0.00
Noncontrolling Interest Sharing Ratio		 0.07% 0.07% 0.07% 0.07% 0.07% 0.03% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 5.63 13 7.04 15 20 -64 67 45 8.27 -15 -15
Operating Cash Flow to CapEx		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Free Cash Flow to Firm to Interest Expense		 5.07 7.59 4.42 6.54 12.67 -53.45 74.80 72.35 13.35 -16.03 -11.33
Operating Cash Flow to Interest Expense		 61.35 36.21 50.83 27.70 48.35 84.53 85.68 108.14 46.18 71.29 51.98
Operating Cash Flow Less CapEx to Interest Expense		 61.35 36.21 50.83 27.70 48.35 84.53 87.04 108.14 46.18 71.29 51.98
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.42 0.43 0.44 0.43 0.43 0.38 0.37 0.38 0.41 0.43 0.41
Fixed Asset Turnover		 86.46 100.29 105.73 128.56 175.25 173.58 222.01 296.78 343.96 386.75 406.21
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 494 513 513 464 491 608 566 519 515 581 675
Invested Capital Turnover		 1.31 1.36 1.44 1.58 1.70 1.41 1.39 1.56 1.79 1.80 1.56
Increase / (Decrease) in Invested Capital		 20 18 0.08 -49 27 117 -42 -47 -3.85 66 95
Enterprise Value (EV)		 333 387 381 313 335 340 371 425 450 500 0.00
Market Capitalization		 275 338 354 301 344 353 394 415 438 518 0.00
Book Value per Share		 $14.54 $16.35 $16.35 $14.05 $15.72 $17.39 $16.95 $14.89 $14.43 $16.10 $17.31
Tangible Book Value per Share		 $14.30 $16.10 $16.11 $13.82 $15.49 $17.17 $16.74 $14.69 $14.23 $15.91 $17.13
Total Capital		 494 513 513 464 491 608 566 519 515 581 675
Total Debt		 86 74 64 65 40 90 35 35 35 35 35
Total Long-Term Debt		 5.00 5.00 5.00 5.00 5.00 5.00 0.00 0.00 0.00 0.00 0.00
Net Debt		 58 49 26 12 -9.32 -13 -23 9.88 11 -18 8.21
Capital Expenditures (CapEx)		 0.00 0.00 0.00 0.00 0.00 0.00 -1.22 0.00 0.00 0.00 0.00
Net Nonoperating Expense (NNE)		 4.40 0.00 0.00 -1.01 0.00 0.00 0.00 -0.59 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 86 74 64 65 40 90 35 35 35 35 35
Total Depreciation and Amortization (D&A)		 6.74 6.59 6.11 6.61 5.57 6.72 5.84 4.84 4.33 3.87 3.08
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.78 $1.19 $0.27 ($1.18) $3.19 $3.49 $1.57 ($0.13) $0.25 $2.91 $4.23
Adjusted Weighted Average Basic Shares Outstanding		 26.15M 27.12M 28.20M 28.43M 28.85M 30.28M 31.36M 32.74M 33.39M 35.64M 37.00M
Adjusted Diluted Earnings per Share		 $0.77 $1.16 $0.26 ($1.18) $3.18 $3.48 $1.57 ($0.13) $0.25 $2.91 $4.19
Adjusted Weighted Average Diluted Shares Outstanding		 26.15M 27.12M 28.20M 28.43M 28.85M 30.28M 31.36M 32.74M 33.39M 35.64M 37.00M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 26.15M 27.12M 28.20M 28.43M 28.85M 30.28M 31.36M 32.74M 33.39M 35.64M 37.00M
Normalized Net Operating Profit after Tax (NOPAT)		 25 31 7.12 -34 47 53 25 -2.55 4.43 51 79
Normalized NOPAT Margin		 4.00% 4.49% 0.97% -4.39% 5.82% 6.80% 3.10% -0.30% 0.48% 5.14% 8.12%
Pre Tax Income Margin		 4.34% 6.02% 1.64% -6.27% 7.04% 8.15% 3.72% -0.43% 0.55% 6.31% 9.99%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 30.03 24.93 7.60 -20.95 35.86 52.89 33.87 -5.86 8.17 65.90 72.26
NOPAT to Interest Expense		 22.84 18.58 4.47 -14.67 29.86 44.14 28.20 -4.10 7.14 53.76 58.74
EBIT Less CapEx to Interest Expense		 30.03 24.93 7.60 -20.95 35.86 52.89 35.24 -5.86 8.17 65.90 72.26
NOPAT Less CapEx to Interest Expense		 22.84 18.58 4.47 -14.67 29.86 44.14 29.57 -4.10 7.14 53.76 58.74
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 68.87% 45.73% 208.29% -47.80% 34.13% 32.14% 75.63% -1,046.37% 494.72% 44.63% 32.36%
Augmented Payout Ratio		 202.86% 45.73% 208.29% -47.80% 34.13% 32.14% 75.63% -1,046.37% 494.72% 44.63% 32.36%

Quarterly Metrics And Ratios for Donegal Group

This table displays calculated financial ratios and metrics derived from Donegal Group's official financial filings.

Metric Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025
Period end date 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025
DEI Shares Outstanding		 - - - - - - - 35,638,834.00 36,096,671.00 36,096,671.00 36,096,671.00
DEI Adjusted Shares Outstanding		 - - - - - - - 35,638,834.00 36,096,671.00 36,096,671.00 36,096,671.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - 0.71 0.47 0.56 0.48
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 12.24% 9.84% 7.21% 7.30% 7.67% 7.53% 4.33% 1.60% 0.08% -2.30% -4.11%
EBITDA Growth		 135.67% 100.15% -126.84% 10.73% 78.87% 114,347.65% 2,337.34% 291.72% 259.01% 20.45% -30.26%
EBIT Growth		 121.30% 92.44% -161.84% 15.12% 122.43% 2,131.15% 1,295.51% 329.90% 307.47% 22.72% -29.35%
NOPAT Growth		 126.97% 92.48% -149.93% 14.45% 107.91% 2,481.37% 1,481.78% 323.22% 306.14% 19.87% -28.39%
Net Income Growth		 124.34% 92.24% -156.63% 14.45% 107.91% 2,180.16% 1,318.26% 323.22% 306.14% 19.87% -28.39%
EPS Growth		 122.00% 93.65% -172.22% 9.68% 118.18% 2,525.00% 1,146.15% 300.00% 270.83% 9.28% -35.29%
Operating Cash Flow Growth		 -3.54% -12.99% -84.92% 807.79% 57.83% -1.79% 986.45% 434.43% -44.04% 75.44% -64.66%
Free Cash Flow Firm Growth		 -21.56% -84.95% -95.86% -59.81% -77.56% -425.11% -2,091.31% -615.77% -1,770.17% -303.76% -84.29%
Invested Capital Growth		 -4.74% -1.52% -0.74% -1.60% -0.41% 7.87% 12.83% 19.16% 23.43% 20.80% 16.30%
Revenue Q/Q Growth		 1.98% 2.07% 2.37% 0.70% 2.34% 1.93% -0.67% -1.94% 0.80% -0.50% -2.50%
EBITDA Q/Q Growth		 -55.21% -99.44% -7,432.27% 699.45% -27.66% 259.93% 43.34% 4.95% -33.70% 20.76% -17.01%
EBIT Q/Q Growth		 -64.21% -144.59% -146.94% 392.09% -30.85% 307.21% 45.34% 5.04% -34.46% 22.65% -16.33%
NOPAT Q/Q Growth		 -61.61% -135.22% -146.94% 442.85% -30.27% 303.38% 43.28% 5.01% -33.08% 19.06% -14.40%
Net Income Q/Q Growth		 -61.61% -140.32% -144.66% 402.28% -30.27% 303.38% 43.28% 5.01% -33.08% 19.06% -14.40%
EPS Q/Q Growth		 -64.52% -136.36% -225.00% 361.54% -29.41% 304.17% 40.21% 0.00% -34.56% 19.10% -16.98%
Operating Cash Flow Q/Q Growth		 2,117.80% -5.55% -79.99% 85.62% 349.96% -41.23% 121.35% -8.69% -52.89% 84.25% -55.41%
Free Cash Flow Firm Q/Q Growth		 -22.20% -74.37% -70.52% 583.75% -56.55% -471.25% -80.54% -77.10% -40.70% 10.25% 17.60%
Invested Capital Q/Q Growth		 -1.39% -2.47% 1.26% 1.04% -0.19% 5.64% 5.91% 6.71% 3.38% 3.40% 1.96%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 1.45% 0.01% -0.57% 3.41% 2.41% 8.51% 12.28% 13.14% 8.65% 10.49% 8.93%
EBIT Margin		 0.98% -0.43% -1.04% 3.01% 2.03% 8.12% 11.88% 12.73% 8.28% 10.20% 8.75%
Profit (Net Income) Margin		 0.87% -0.34% -0.82% 2.47% 1.68% 6.66% 9.61% 10.29% 6.83% 8.18% 7.18%
Tax Burden Percent		 88.64% 80.14% 79.40% 82.16% 82.85% 82.07% 80.91% 80.89% 82.58% 80.16% 82.02%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 11.36% 0.00% 0.00% 17.84% 17.15% 17.93% 19.09% 19.11% 17.42% 19.84% 17.98%
Return on Invested Capital (ROIC)		 1.45% -0.53% -1.30% 4.45% 3.11% 12.34% 17.35% 17.93% 11.70% 13.33% 11.16%
ROIC Less NNEP Spread (ROIC-NNEP)		 1.45% -0.83% -1.97% 4.45% 3.11% 12.34% 17.35% 17.93% 11.70% 13.33% 11.16%
Return on Net Nonoperating Assets (RNNOA)		 0.10% -0.06% -0.14% 0.32% 0.22% 0.88% 1.18% 1.17% 0.75% 0.82% 0.66%
Return on Equity (ROE)		 1.56% -0.60% -1.44% 4.76% 3.33% 13.21% 18.54% 19.10% 12.45% 14.15% 11.82%
Cash Return on Invested Capital (CROIC)		 4.76% 3.46% 1.60% 2.60% 1.82% -2.87% -2.77% -5.18% -6.69% -4.61% -2.44%
Operating Return on Assets (OROA)		 0.39% -0.17% -0.43% 1.24% 0.84% 3.45% 5.10% 5.42% 3.46% 4.22% 3.62%
Return on Assets (ROA)		 0.34% -0.14% -0.34% 1.02% 0.70% 2.83% 4.13% 4.38% 2.86% 3.39% 2.97%
Return on Common Equity (ROCE)		 1.56% -0.60% -1.44% 4.76% 3.33% 13.21% 18.54% 19.10% 12.45% 14.15% 11.82%
Return on Equity Simple (ROE_SIMPLE)		 0.06% 2.09% 0.00% 1.07% 1.51% 4.85% 0.00% 11.99% 13.68% 13.73% 0.00%
Net Operating Profit after Tax (NOPAT)		 2.00 -0.70 -1.74 5.96 4.15 17 24 25 17 20 17
NOPAT Margin		 0.87% -0.30% -0.73% 2.47% 1.68% 6.66% 9.61% 10.29% 6.83% 8.18% 7.18%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.29% 0.67% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 99.02% 100.43% 101.04% 96.99% 97.97% 91.88% 88.12% 87.27% 91.72% 89.80% 91.25%
Earnings before Interest and Taxes (EBIT)		 2.25 -1.00 -2.48 7.25 5.01 20 30 31 20 25 21
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 3.32 0.02 -1.37 8.22 5.94 21 31 32 21 26 21
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.92 0.94 0.91 0.95 0.88 0.95 0.95 1.19 1.18 1.10 0.00
Price to Tangible Book Value (P/TBV)		 0.93 0.95 0.93 0.96 0.89 0.96 0.96 1.20 1.19 1.12 0.00
Price to Revenue (P/Rev)		 0.50 0.49 0.47 0.49 0.44 0.50 0.52 0.70 0.72 0.70 0.00
Price to Earnings (P/E)		 1,471.04 45.09 99.08 88.98 57.97 19.60 10.19 9.88 8.63 8.04 0.00
Dividend Yield		 4.89% 4.99% 5.12% 4.93% 5.36% 4.70% 4.50% 3.55% 3.53% 3.70% 3.64%
Earnings Yield		 0.07% 2.22% 1.01% 1.12% 1.73% 5.10% 9.81% 10.12% 11.58% 12.43% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 0.88 0.90 0.87 0.92 0.84 0.90 0.86 1.07 1.08 1.04 0.00
Enterprise Value to Revenue (EV/Rev)		 0.51 0.50 0.49 0.50 0.45 0.51 0.51 0.67 0.70 0.70 0.00
Enterprise Value to EBITDA (EV/EBITDA)		 124.05 28.77 47.89 46.72 34.03 14.46 7.56 7.36 6.56 6.27 0.00
Enterprise Value to EBIT (EV/EBIT)		 0.00 39.50 88.81 79.11 49.67 16.37 8.03 7.69 6.81 6.49 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 46.23 101.61 91.92 59.44 19.86 9.84 9.47 8.36 8.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 10.14 10.56 15.71 13.95 10.36 11.82 7.42 7.51 8.79 7.80 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 18.01 25.74 54.36 34.86 46.12 0.00 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.07 0.07 0.07 0.07 0.07 0.07 0.06 0.06 0.06 0.06 0.05
Long-Term Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Financial Leverage		 0.07 0.07 0.07 0.07 0.07 0.07 0.07 0.07 0.06 0.06 0.06
Leverage Ratio		 4.55 4.71 4.68 4.67 4.77 4.67 4.49 4.36 4.35 4.18 3.98
Compound Leverage Factor		 4.55 4.71 4.68 4.67 4.77 4.67 4.49 4.36 4.35 4.18 3.98
Debt to Total Capital		 6.72% 6.89% 6.80% 6.73% 6.74% 6.38% 6.03% 5.65% 5.46% 5.28% 5.18%
Short-Term Debt to Total Capital		 6.72% 6.89% 6.80% 6.73% 6.74% 6.38% 6.03% 5.65% 5.46% 5.28% 5.18%
Long-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 93.28% 93.11% 93.20% 93.27% 93.26% 93.62% 93.97% 94.35% 94.54% 94.72% 94.82%
Debt to EBITDA		 9.48 2.21 3.73 3.44 2.73 1.02 0.53 0.39 0.33 0.32 0.35
Net Debt to EBITDA		 2.78 0.71 1.19 1.49 0.84 0.19 -0.27 -0.33 -0.21 -0.03 0.08
Long-Term Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Debt to NOPAT		 -68.00 3.54 7.91 6.76 4.77 1.41 0.69 0.50 0.42 0.41 0.44
Net Debt to NOPAT		 -19.92 1.14 2.53 2.93 1.47 0.26 -0.35 -0.42 -0.27 -0.04 0.10
Long-Term Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 28 7.16 2.11 14 6.27 -23 -42 -74 -105 -94 -77
Operating Cash Flow to CapEx		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Free Cash Flow to Firm to Interest Expense		 180.67 45.81 13.54 93.35 40.56 -63.33 -156.09 -223.49 -311.04 -276.10 -227.52
Operating Cash Flow to Interest Expense		 88.83 82.99 16.65 31.17 140.24 34.66 104.74 77.32 36.03 65.66 29.28
Operating Cash Flow Less CapEx to Interest Expense		 88.83 82.99 16.65 31.17 140.24 34.66 104.74 77.32 36.03 65.66 29.28
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.39 0.41 0.41 0.41 0.42 0.42 0.43 0.43 0.42 0.41 0.41
Fixed Asset Turnover		 320.19 332.85 343.96 352.48 364.50 376.94 386.75 394.21 400.35 404.19 406.21
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 521 508 515 520 519 548 581 620 641 662 675
Invested Capital Turnover		 1.67 1.78 1.79 1.80 1.85 1.85 1.80 1.74 1.71 1.63 1.56
Increase / (Decrease) in Invested Capital		 -26 -7.86 -3.85 -8.48 -2.12 40 66 100 122 114 95
Enterprise Value (EV)		 458 457 450 476 436 494 500 664 693 690 0.00
Market Capitalization		 448 445 438 461 425 488 518 693 715 693 0.00
Book Value per Share		 $14.77 $14.28 $14.43 $14.53 $14.50 $15.33 $16.10 $16.41 $16.78 $17.12 $17.31
Tangible Book Value per Share		 $14.57 $14.08 $14.23 $14.33 $14.30 $15.14 $15.91 $16.22 $16.60 $16.94 $17.13
Total Capital		 521 508 515 520 519 548 581 620 641 662 675
Total Debt		 35 35 35 35 35 35 35 35 35 35 35
Total Long-Term Debt		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt		 10 11 11 15 11 6.35 -18 -29 -22 -3.57 8.21
Capital Expenditures (CapEx)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Expense (NNE)		 0.00 0.10 0.23 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 35 35 35 35 35 35 35 35 35 35 35
Total Depreciation and Amortization (D&A)		 1.07 1.02 1.11 0.97 0.93 0.98 1.00 1.02 0.91 0.72 0.43
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.11 ($0.04) ($0.13) $0.34 $0.24 $0.97 $1.36 $1.37 $0.90 $1.07 $0.89
Adjusted Weighted Average Basic Shares Outstanding		 33.14M 33.25M 33.39M 33.39M 33.48M 33.90M 35.64M 36.10M 36.51M 36.64M 37.00M
Adjusted Diluted Earnings per Share		 $0.11 ($0.04) ($0.13) $0.34 $0.24 $0.97 $1.36 $1.36 $0.89 $1.06 $0.88
Adjusted Weighted Average Diluted Shares Outstanding		 33.14M 33.25M 33.39M 33.39M 33.48M 33.90M 35.64M 36.10M 36.51M 36.64M 37.00M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 33.14M 33.25M 33.39M 33.39M 33.48M 33.90M 35.64M 36.10M 36.51M 36.64M 37.00M
Normalized Net Operating Profit after Tax (NOPAT)		 2.00 -0.70 -1.74 5.96 4.15 17 24 25 17 20 17
Normalized NOPAT Margin		 0.87% -0.30% -0.73% 2.47% 1.68% 6.66% 9.61% 10.29% 6.83% 8.18% 7.18%
Pre Tax Income Margin		 0.98% -0.43% -1.04% 3.01% 2.03% 8.12% 11.88% 12.73% 8.28% 10.20% 8.75%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 14.57 -6.43 -15.92 46.89 32.42 55.53 110.18 93.56 60.66 73.58 61.56
NOPAT to Interest Expense		 12.92 -4.50 -11.14 38.52 26.86 45.57 89.14 75.68 50.09 58.99 50.49
EBIT Less CapEx to Interest Expense		 14.57 -6.43 -15.92 46.89 32.42 55.53 110.18 93.56 60.66 73.58 61.56
NOPAT Less CapEx to Interest Expense		 12.92 -4.50 -11.14 38.52 26.86 45.57 89.14 75.68 50.09 58.99 50.49
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 6,998.13% 218.72% 494.72% 428.17% 304.66% 90.33% 44.63% 33.03% 28.95% 28.85% 32.36%
Augmented Payout Ratio		 6,998.13% 218.72% 494.72% 428.17% 304.66% 90.33% 44.63% 33.03% 28.95% 28.85% 32.36%

Financials Breakdown Chart

Key Financial Trends

Donegal Group Inc. (DGICA) has delivered a series of 2025 quarterly results showing a stable core revenue stream from premiums, continued profitability, and a solid capital base. The data across income statements, cash flow statements, and balance sheets over the last four years indicates a company with a steady premium business, investment activity that can boost earnings but also introduce volatility, and a balance sheet built on a roughly $2.4 billion asset base and about $0.6 billion in equity.

  • Net income remains positive across 2025 quarters: Q3 2025 net income continuing operations was about $20.1M, Q4 2025 about $17.2M, Q2 2025 about $16.9M, and Q1 2025 about $25.2M, indicating ongoing profitability.
  • Premiums earned stay a stable revenue driver: Premiums earned run around $226.9M–$229.8M each quarter in 2025 (examples: Q4 2025 $226.9M; Q3 2025 $229.8M; Q2 2025 $231.8M; Q1 2025 $232.7M).
  • Operating cash flow generally positive in 2025: Net cash from continuing operating activities was about $22.35M in Q3 2025 and remained positive in other quarters (Q4 2025 around $9.97M; Q2 2025 about $12.13M; Q1 2025 about $25.75M).
  • Solid balance sheet equity base: Total common equity near $0.60B in 2025 (examples: Q3 2025 around $627.44M; Q2 2025 around $605.67M; Q1 2025 around $584.72M).
  • Asset base remains robust around $2.4B: Total assets were roughly $2.42B by Q3 2025, with consistent levels in nearby quarters, supporting liquidity and capital adequacy.
  • Investment gains contribute to earnings but are volatile: Net realized and unrealized capital gains on investments were about $12.43M in Q4 2025 and $15.21M in Q3 2025 (with $14.08M in Q2 2025), indicating investment performance can swing annual results.
  • Insurance claims and policy costs drive non-interest expenses: Property & Liability Insurance Claims and Insurance Policy Acquisition Costs are sizable (examples: Q4 2025 Claims ~$138.7M and Acquisition Costs ~$43.1M), contributing to overall expense levels.
  • High non-interest expenses pressure pretax income: Total Non-Interest Expense runs high (e.g., Q4 2025 around $218.5M; Q3 2025 around $220.5M; Q2 2025 around $226.4M; Q1 2025 around $213.7M), limiting pretax profitability.
  • Investing cash outflows reduce cash generation: Significant purchases of investment securities (example: Q4 2025 about $178.6M; Q3 2025 about $152.1M) create sizable cash outflows from investing activities.
  • Net cash position shows a cash burn in some quarters: Net change in cash and equivalents was negative in Q4 2025 (about -$11.8M), reflecting consolidated cash flow dynamics despite operating profitability.
  • 2025 revenue slightly declined vs late 2024: Total revenue in Q4 2025 around $239.43M versus Q4 2024 at about $249.68M, a year-over-year drop of roughly $10.25M (about 4%).
05/05/26 09:42 PM ETAI Generated. May Contain Errors.

Frequently Asked Questions About Donegal Group's Financials

When does Donegal Group's financial year end?

According to the most recent income statement we have on file, Donegal Group's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

How has Donegal Group's net income changed over the last 10 years?

Donegal Group's net income appears to be on an upward trend, with a most recent value of $79.34 million in 2025, rising from $20.99 million in 2015. The previous period was $50.86 million in 2024. Find out what analysts predict for Donegal Group in the coming months.

How has Donegal Group's revenue changed over the last 10 years?

Over the last 10 years, Donegal Group's total revenue changed from $635.28 million in 2015 to $976.66 million in 2025, a change of 53.7%.

How much debt does Donegal Group have?

Donegal Group's total liabilities were at $1.75 billion at the end of 2025, a 2.5% decrease from 2024, and a 54.6% increase since 2015.

How much cash does Donegal Group have?

In the past 10 years, Donegal Group's cash and equivalents has ranged from $23.79 million in 2023 to $103.09 million in 2020, and is currently $26.79 million as of their latest financial filing in 2025.

How has Donegal Group's book value per share changed over the last 10 years?

Over the last 10 years, Donegal Group's book value per share changed from 14.54 in 2015 to 17.31 in 2025, a change of 19.1%.


Related Companies

Financial statements for NASDAQ:DGICB last updated on 4/24/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
From Our Partners
SpaceX eyes a 1.75 trillion valuation - here's what to know
Elon Musk's team has quietly filed confidential paperwork with the SEC for what Bloomberg estimates could be a...
Brownstone Research | Sponsoredtc pixel
Iran's New Leader Just Said Something That Should Terrify Every American
Iran's Supreme Leader has declared the Strait of Hormuz closed as leverage against the U.S. - and with 40% of ...
American Alternative | Sponsoredtc pixel
Your book attached
Your Download Link (Expiring) If you still haven't downloaded the free Simple Options Trading For Beginners...
Profits Run | Sponsoredtc pixel
My feud with Zohran Mamdani
Emmy-winning analyst releases his next big story Whitney Tilson shocked the nation on 60 Minutes when he ac...
Stansberry Research | Sponsoredtc pixel
Sell 99% of Your Stocks, Do THIS Instead…
Millionaire Trader Exposes: "The Single Stock Income Plan" With over 6,000 stocks on the market to choose ...
The Oxford Club | Sponsoredtc pixel
Trade this between 9:30 and 10:45 am EST
The first 75 minutes of the trading day may be the most overlooked window for consistent opportunities.If you ...
Base Camp Trading | Sponsoredtc pixel
Iran War Shock: What I Was Told In That Private Meeting
You’re Being LIED To About The Iran War Forget EVERYTHING you’ve heard about the Iran war. Especially th...
Banyan Hill Publishing | Sponsoredtc pixel
Elon Unveils AI Passive Income Stream for Millions of Americans
During Tesla's last earnings call, Elon Musk outlined a new AI-driven approach he says could generate $30,000-...
InvestorPlace | Sponsoredtc pixel