Donegal Group Inc (DGICA) Financial Statements
Industry: Fire, Marine & Casualty Insurance
In fiscal 2025, Donegal reported revenue of $978.0M, down 1.2% from $989.6M the year before. Net income was $79.3M (a 8.1% net margin), or $2.18 per diluted share. Gross margin was 42.3% and operating margin was 42.0%. Operating activities generated $70.2M of cash. At fiscal year end, Donegal held $2.39B in total assets against $1.75B in total liabilities.
Open the full interactive Donegal financials → Quarterly statements, key ratios, valuation history and price charts.
Donegal Key Stats
| Share Price | $18.26 |
|---|---|
| Market Cap | $582.3M |
| P/E Ratio | 8.4 |
| Dividend Yield | 4.61% |
| Revenue YoY Growth | -1.2% |
| 52-Week Range | $16.16 – $20.31 |
| Shares Outstanding | 31.5 million (basic, 2026 Q2) |
Donegal Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $777.8M | $816.5M | $848.2M | $927.3M | $989.6M | $978.0M |
| Cost of Goods Sold | $459.8M | $520.7M | $564.1M | $609.2M | $604.1M | $564.3M |
| Gross Profit | $318.1M | $295.8M | $284.1M | $318.2M | $385.5M | $413.7M |
| Operating Income | $311.3M | $289.9M | $279.3M | $313.8M | $381.6M | $410.6M |
| Pre-Tax Income | $63.3M | $30.3M | -$3.6M | $5.1M | $62.3M | $97.6M |
| Income Tax | $10.5M | $5.1M | -$1.7M | $637,972 | $11.5M | $18.3M |
| Net Income | $52.8M | $25.3M | -$2.0M | $4.4M | $50.9M | $79.3M |
| Diluted EPS | $1.83 | $0.83 | -$0.06 | $0.14 | $1.53 | $2.18 |
Donegal Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $245.9M | $239.8M | $236.0M | $241.1M |
| Net Income | $20.1M | $17.2M | $11.5M | $22.3M |
| Diluted EPS | $0.55 | $0.55 | $0.31 | $0.60 |
Donegal Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Total Assets | $2.16B | $2.26B | $2.24B | $2.27B | $2.34B | $2.39B |
| Total Long-Term Debt | $90.0M | $35.0M | $35.0M | $35.0M | $35.0M | $35.0M |
| Total Liabilities | $1.64B | $1.72B | $1.76B | $1.79B | $1.79B | $1.75B |
| Shareholders' Equity | $517.8M | $531.0M | $483.6M | $479.7M | $545.8M | $640.4M |
Donegal Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $101.1M | $76.7M | $67.1M | $28.6M | $67.4M | $70.2M |
| Cash From Investing | -$99.7M | -$62.2M | -$98.5M | -$16.7M | -$48.0M | -$91.1M |
| Cash From Financing | $52.3M | -$59.9M | -$1.2M | -$13.2M | $9.7M | -$5.2M |
| Dividends Paid | — | — | — | — | $22.7M | $25.7M |
Figures from Donegal's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Donegal financials page for every line item.
Donegal Company Profile
| Ticker | DGICA |
|---|---|
| Exchange | Nasdaq |
| Industry | Fire, Marine & Casualty Insurance |
| Headquarters | Marietta, Pennsylvania |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Accelerated filer |
| SEC CIK | 0000800457 |
Frequently Asked Questions
What was Donegal's revenue in fiscal 2025?
Donegal (DGICA) reported revenue of $978.0M for fiscal 2025.
What is Donegal's annual revenue history?
Donegal's annual revenue by fiscal year: 2020: $777.8M; 2021: $816.5M; 2022: $848.2M; 2023: $927.3M; 2024: $989.6M; 2025: $978.0M.
What was Donegal's net income in fiscal 2025?
Donegal reported net income of $79.3M for fiscal 2025.
What was Donegal's earnings per share (EPS) in fiscal 2025?
Donegal's diluted EPS was $2.18 for fiscal 2025 (adjusted for any later stock splits).
What was Donegal's revenue last quarter?
In its most recent reported quarter (2026 Q2), Donegal reported revenue of $241.1M.
How much debt does Donegal have?
Donegal reported $35.0M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Donegal are outstanding?
Donegal reported a weighted average of 31.5 million basic shares outstanding in 2026 Q2.
What is Donegal's market cap?
Based on its latest closing price, Donegal (DGICA) has a market capitalization of about $582.3M.
When does Donegal's fiscal year end?
Donegal's fiscal year end, as registered with the SEC, is December 31.
Where is Donegal headquartered?
Donegal lists its business address in Marietta, Pennsylvania in its SEC filings.