Saturday 17 October 2026 Export DGICA’s income statement to Excel — free account

Donegal Group, Inc.

DGICA Financial Insurance Property & Casualty

Donegal Group, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $978.0 million, down 1.17% from fiscal 2024. In the quarter to June 2026, revenue fell 2.44%, EPS grew 29.8%, free cash flow fell 51.4% and total debt was flat, each against the same quarter a year earlier. Dividend growth for ten consecutive years; insiders bought in the last twelve months.

18.68 0.17 +0.92%

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Market cap: $691.1M
P/E: 9.5×
Fwd P/E: 10.2×
Dividend yield: 4.01%
F-score: 5/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 13.85

Total sells 3.51

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	9	3	—	—	1	—	10	2	—	6	4	—
Sell	6	2	—	—	1	—	—	—	—	4	5	—

Insider Ownership 55.06%

Capital & Financial Ratios $m

Market Cap 691.06

Revenue 962.81

Net Income 71.09

Free Cash Flow 58.39

Net Debt 11.28

Current Ratio 0.37

Debt/Equity 0.05

P/E ratio 9.53

Fwd P/E 10.20

P/S ratio 0.72

P/B ratio 1.04

Past 5Y EPS Growth 3.56%

This Y EPS Growth (17.05%)

Next Y EPS Growth 5.56%

Next Y revenue growth (2.85%)

Next 5Y EPS Growth (3.09%)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/E against its own 10 years 30.11%

10-year low 10-year high

P/S against its own 10 years 96.17%

10-year low 10-year high

P/B against its own 10 years 84.59%

10-year low 10-year high

Dividends

Payout Ratio 0.39

Annual Dividend Rate 0.75

Annual Dividend Yield 4.01%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	0.76	0.18 0.19 0.19
2025	0.72	0.17 0.18 0.18 0.18
2024	0.69	0.17 0.17 0.17 0.17
2023	0.68	0.17 0.17 0.17 0.17
2022	0.66	0.16 0.17 0.17 0.17
2021	0.63	0.15 0.16 0.16 0.16
2020	0.60	0.15 0.15 0.15 0.15
2019	0.58	0.14 0.15 0.15 0.15
2018	0.57	0.14 0.14 0.14 0.14
2017	0.56	0.14 0.14 0.14 0.14
2016	0.55	0.14 0.14 0.14 0.14

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	24	53	27	24
Receivables	631	602	583	634
Inventory	—	—	—	—
Other	—	—	—	—
	654	655	610	657

	2023	2024	2025	Q'26
Payables	1,734	1,738	1,695	1,771
ST’ Debt	—	—	—	—
Other	—	—	—	—
	1,738	1,741	1,697	1,773

Compound Annual Growth %

	10y	5y	3y
Sales	4.39%	4.69%	4.86%
Cash Flow	0.29%	(7.04%)	1.51%
Earnings	14.22%	8.48%	0.00%
Book Value	4.60%	4.34%	9.81%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	236	241	—	—	—
’25	245	247	246	240	978
’24	241	247	252	250	990
’23	225	229	234	239	927
’22	208	204	213	223	848
’21	198	205	203	210	816
’20	185	199	197	197	778

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	20	6	—	—	—
’25	26	12	22	10	70
’24	5	22	13	28	67
’23	(1)	14	13	3	29
’22	21	14	15	17	67
’21	30	29	(1)	18	77
’20	11	37	20	33	101

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	20	6	—	—	—
’25	26	12	22	10	70
’24	5	22	13	28	67
’23	(1)	14	13	3	29
’22	21	14	15	17	67
’21	31	30	(1)	19	78
’20	11	37	20	33	101

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	0.31	0.60	—	—	—
’25	0.71	0.46	0.55	0.47	2.18
’24	0.18	0.13	0.51	0.70	1.53
’23	0.16	0.06	(0.02)	(0.06)	0.14
’22	0.43	(0.26)	(0.33)	0.11	(0.06)
’21	0.35	0.53	(0.22)	0.17	0.83
’20	0.13	0.79	0.41	0.49	1.83

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	12.69	14.51	12.74	12.42	11.22	13.35	13.05	13.82	12.26	14.17	Analyst estimates 2026–2028 Powerpack
	High	18.55	18.25	18.00	15.43	16.19	16.48	17.13	15.76	17.00	21.12
People
People	Employees	—	—	—	—	879	838	876	883	851	851
	Revenue/emp, $m	0.00	0.00	0.00	0.00	0.88	0.97	0.97	1.05	1.16	1.15
Income, $m
Income, $m	Revenue	688	739	772	812	778	816	848	927	990	978
	Gross margin, %	22.12	33.19	9.94	22.47	23.76	19.74	16.58	17.37	22.85	25.80
	EBT	41	12	(48)	57	63	30	(4)	5	62	98
	EBT margin, %	6.00	1.64	(6.25)	7.03	8.13	3.72	(0.43)	0.55	6.30	9.98
	Net income	31	7	(33)	47	53	25	(2)	4	51	79
	Depreciation	7	6	7	6	7	6	5	4	4	3
Per share, $
Per share, $	Revenue	25.98	27.00	27.29	28.44	26.56	26.37	26.52	28.06	29.34	26.93
	Earnings	1.19	0.27	(1.18)	1.68	1.84	0.83	(0.06)	0.14	1.53	2.22
	Cash flow	2.27	2.96	2.26	2.67	3.45	2.48	2.10	0.87	2.00	1.93
	Capex	(0.01)	(0.04)	0.00	(0.01)	0.00	0.04	0.00	0.00	0.00	0.00
	Free cash flow	2.25	2.92	2.25	2.67	3.45	2.52	2.10	0.86	2.00	1.93
	Book value	16.56	16.39	14.10	15.79	17.68	17.15	15.12	14.52	16.18	17.63
	Shares, m	26	27	28	29	29	31	32	33	34	36
Valuation, ×
Valuation, ×	P/E	14.95	64.04	0.00	8.77	7.65	17.22	0.00	101.21	10.11	9.00
	P/S	0.68	0.64	0.50	0.52	0.53	0.54	0.54	0.51	0.53	0.74
	P/B	1.07	1.05	0.97	0.94	0.80	0.83	0.95	0.98	0.96	1.13
	EV/Sales	0.76	0.68	0.52	0.51	0.51	0.51	0.55	0.52	0.51	0.75
	EV/FCF	8.73	6.25	6.26	5.43	3.95	5.38	7.00	16.78	7.47	10.45
Cash, $m
Cash, $m	Operating cash flow	60	81	64	76	101	77	67	29	67	70
	Capex	0	(1)	0	0	0	1	0	0	0	0
	Free cash flow	60	80	64	76	101	78	67	29	67	70
Balance, $m
Balance, $m	Working capital	(657)	(712)	(790)	(838)	(857)	(971)	(1,048)	(1,084)	(1,086)	(1,087)
	Total debt	74	64	65	40	90	35	35	35	35	35
	Net debt	49	26	12	(9)	(13)	(23)	10	11	(18)	8
	Shareholders’ equity	439	449	399	451	518	531	484	480	546	640
Returns, %
Returns, %	ROA	1.95	0.42	(1.84)	2.51	2.59	1.14	(0.09)	0.20	2.21	3.36
	ROIC	5.51	1.80	(6.98)	8.30	7.98	3.84	(0.38)	0.72	7.49	9.53
	ROE	7.27	1.60	(7.73)	11.10	10.90	4.82	(0.39)	0.92	9.92	13.38

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
TRUP Trupanion, Inc.	$1.2B	52.1×	40.6×	+11.14% (above 0%: growing)	−27.27% (below 0%: shrinking)	+59.01% (above 0%: growing)	16.58%	1.62%	Compare
BOW Bowhead Specialty Holdings Inc.	$1.1B	18.5×	12.9×	+22.96% (above 0%: growing)	+33.33% (above 0%: growing)	−13.86% (below 0%: shrinking)	29.19%	13.09%	Compare
HRTG Heritage Insurance Holdings, Inc.	$1.1B	5.1×	5.1×	+2.96% (above 0%: growing)	+32.90% (above 0%: growing)	+237.57% (above 0%: growing)	50.25%	39.15%	Compare
HIPO Hippo Holdings Inc.	$930.5M	7.4×	70.4×	+23.36% (above 0%: growing)	+660.00% (above 0%: growing)	+86.85% (above 0%: growing)	100.00%	8.02%	Compare
ROOT Root, Inc.	$782.6M	13.6×	18.1×	+1.65% (above 0%: growing)	+13.24% (above 0%: growing)	+12.08% (above 0%: growing)	38.36%	8.89%	Compare
DGICA Donegal Group, Inc.	$691.1M	9.5×	10.2×	−2.44% (below 0%: shrinking)	+29.79% (above 0%: growing)	−51.37% (below 0%: shrinking)	26.73%	11.56%
AII American Integrity Insurance Group, Inc.	$542.8M	6.1×	6.1×	+54.59% (above 0%: growing)	+7.41% (above 0%: growing)	+345.10% (above 0%: growing)	56.10%	40.31%	Compare
ACIC American Coastal Insurance Corporation	$530.7M	5.3×	11.6×	−4.48% (below 0%: shrinking)	−16.36% (below 0%: shrinking)	−54.47% (below 0%: shrinking)	49.71%	37.28%	Compare
DGICB Donegal Group, Inc.	$446.3M	10.7×	10.2×	−2.44% (below 0%: shrinking)	+17.02% (above 0%: growing)	−51.37% (below 0%: shrinking)	26.73%	11.56%	Compare
Median of peers	$856.5M	9.0×	12.3×	+7.05%	+15.13%	+35.55%	44.04%	12.33%

All 45 Insurance Property & Casualty stocks →

Donegal Group, Inc. (DGICA) key facts

Concern: Donegal Group, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $978.0 million, down 1.17% from fiscal 2024.
Donegal Group, Inc. (DGICA) is an Insurance Property & Casualty company in the Financial sector, listed on Nasdaq.
As of October 16, 2026, DGICA traded at $18.68, a market capitalization of $691.1 million.
Donegal Group, Inc. pays an annual dividend of $0.75 per share, a yield of 4.01%, with a payout ratio of 38.9%.
Return on equity was 13.4% and debt-to-equity 0.05.
Its Piotroski F-score is 5 out of 9 for fiscal 2025.