Donegal Group (DGICA) Financial Statements & Analysis

Donegal Group (DGICA) Income Statement

Donegal Group reported revenue of $978.01M in fiscal 2025 (fiscal year ended Dec 31, 2025), down 1.2% from $989.61M a year earlier. Net income was $79.34M, up 56.0% year over year, a net margin of 8.1%. Gross margin was 26.7% and operating margin 10.0%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $241.12M, down 2.4% from the same quarter a year earlier.

Donegal Group Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Donegal Group Inc. income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Revenue & Gross Profit
Revenue	978.01	989.61	927.34	848.22	816.47	777.82	812.16	769.13	737.40
Cost of Revenue	717.12	764.43	763.39	706.51	649.44	578.84	628.83	697.42	602.33
Gross Profit	260.90	225.18	163.95	141.71	167.02	198.98	183.33	71.71	135.07
Operating Expenses
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Expenses	163.31	162.84	158.88	145.35	136.68	135.71	126.24	119.95	122.96
Operating Income	97.59	62.34	5.06	-3.64	30.34	63.27	57.08	-48.24	12.11
Other Income/Expense
Interest Income	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Interest Expense	1.35	-0.95	0.62	0.62	0.90	-1.20	1.58	2.30	1.59
Other Income/Expense	0.30	0.31	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Income
Income Before Tax	97.59	62.34	5.06	-3.64	30.34	63.27	57.08	-48.24	12.11
Income Tax Expense	18.25	11.48	0.64	-1.68	5.08	10.46	9.93	-15.48	5.00
Net Income	79.34	50.86	4.43	-1.96	25.25	52.82	47.15	-32.76	7.12
Net Income - Continuous Operations	79.34	50.86	4.43	-1.96	25.25	52.82	47.15	-32.76	7.12
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-
EBITDA	102.02	67.16	10.01	1.82	37.07	71.19	64.23	-39.33	19.82
EBIT	98.94	63.28	5.68	-3.02	31.23	64.47	-	-	-
Depreciation & Amortization	3.08	3.87	4.33	4.84	5.84	6.72	5.57	6.61	6.11
Earnings Per Share
Basic EPS	2.00	2.00	-	-	1.00	2.00	2.00	-1.00	-
Diluted EPS	2.00	2.00	-	-	1.00	2.00	2.00	-1.00	-
Basic Shares Outstanding	36.32	33.73	33.05	31.99	30.97	29.28	28.56	28.28	27.38
Diluted Shares Outstanding	36.82	33.82	33.14	31.99	31.11	29.46	28.77	28.60	28.22

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Donegal Group Financial Statements

What was Donegal Group's revenue in fiscal 2025?

Donegal Group reported revenue of $978.01M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was down 1.2% from $989.61M a year earlier.

Is Donegal Group profitable?

Yes. Donegal Group earned net income of $79.34M in fiscal 2025, a net margin of 8.1%. In fiscal 2024 it earned $50.86M.

What is Donegal Group's operating margin?

Donegal Group's operating income was $97.59M on revenue of $978.01M in fiscal 2025, an operating margin of 10.0%, compared with 6.3% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition