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Donegal Group, Inc.

DGICB Financial Services 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 17.0%, 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.

19.09 0.06 −0.31%
Market cap
$446.3M
P/E
10.7×
Fwd P/E
10.2×
Dividend yield
—
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 57.26%

Capital & Financial Ratios $m

Market Cap 446.25
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 10.72
Fwd P/E 10.20
P/S ratio 0.73
P/B ratio 1.06
Past 5Y EPS Growth 4.03%
This Y EPS Growth —
Next Y EPS Growth —
Next Y revenue growth (2.85%) (below 0%: weak)
Next 5Y EPS Growth —

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

Valuation vs history

P/E against its own 10 years 31.84%
10-year low 10-year high
P/S against its own 10 years 95.76%
10-year low 10-year high
P/B against its own 10 years 91.26%
10-year low 10-year high

Dividends

Payout Ratio —
Annual Dividend Rate —
Annual Dividend Yield —
total individual payouts
2028 Powerpack
2027 Powerpack
2026 Powerpack
2025 Powerpack
2024 Powerpack
2023 0.60
0.15
0.15
0.15
0.15
2022 0.59
0.14
0.15
0.15
0.15
2021 0.55
0.13
0.14
0.14
0.14
2020 0.52
0.13
0.13
0.13
0.13
2019 0.51
0.12
0.13
0.13
0.13
2018 0.48
0.12
0.12
0.12
0.12
2017 0.48
0.12
0.12
0.12
0.12
2016 0.48
0.12
0.12
0.12
0.12
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 0.29 0.55 — — —
’25 0.65 0.46 0.51 0.43 2.01
’24 0.16 0.11 0.46 0.64 1.38
’23 0.15 0.05 (0.02) (0.06) 0.11
’22 0.39 (0.24) (0.30) 0.09 (0.07)
’21 0.32 0.48 (0.20) 0.15 0.74
’20 0.12 0.72 0.37 0.44 1.65
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low 12.56 13.35 11.52 11.60 10.51 11.81 13.05 12.50 10.75 13.19

Analyst estimates 2026–2028

Powerpack
High 22.88 17.95 15.55 14.80 14.61 16.36 20.18 16.75 16.81 20.46
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 (1.09) 1.51 1.65 0.74 (0.07) 0.11 1.38 2.01
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 14.12 60.88 0.00 8.44 7.16 17.96 0.00 119.00 10.30 8.59
P/S 0.65 0.56 0.43 0.45 0.44 0.51 0.62 0.51 0.48 0.66
P/B 1.01 0.93 0.84 0.81 0.67 0.79 1.09 0.98 0.87 1.00
EV/Sales 0.72 0.60 0.45 0.44 0.43 0.48 0.63 0.52 0.46 0.67
EV/FCF 8.29 5.54 5.44 4.66 3.29 5.06 7.97 16.90 6.79 9.27
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

Donegal Group, Inc. vs peers in Insurance Property & Casualty (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) 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% Compare
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%
GBLI Global Indemnity PLC $355.0M 10.3× 11.2× +5.05% (above 0%: growing) +5.56% (above 0%: growing) −325.95% (below 0%: shrinking) 18.32% 12.42% Compare
NODK NI Holdings, Inc. $303.2M 39.3× — (loss-making) −7.66% (below 0%: shrinking) n/m −85.46% (below 0%: shrinking) 31.06% 0.33% Compare
KINS Kingstone Companies, Inc $269.0M 7.5× 6.1× +25.93% (above 0%: growing) +32.10% (above 0%: growing) +220.06% (above 0%: growing) 100.00% 29.72% Compare
Median of peers $536.7M 8.5× 11.2× +3.35% +13.24% −19.64% 44.04% 11.99%

All 45 Insurance Property & Casualty stocks →

Donegal Group, Inc. (DGICB) 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. (DGICB) is an Insurance Property & Casualty company in the Financial Services sector, listed on Nasdaq.
  • As of October 16, 2026, DGICB traded at $19.09, a market capitalization of $446.3 million.
  • Return on equity was 13.4% and debt-to-equity 0.05.
  • Its Piotroski F-score is 5 out of 9 for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

Donegal Group, Inc. (DGICB) Latest News

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stockrow.com/DGICB · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com