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Companies / Financials / Donegal Group Inc.
DGICA

Donegal Group Inc.

FinancialsProperty & Casualty Insurance
Ticker DGICAMARIETTA, PAFiscal year ends DecemberBook value per share $34.23Diluted shares 19.3M

Donegal Group Inc. (Nasdaq: DGICA) is an insurance holding company whose insurance subsidiaries and affiliates provide property and casualty insurance in 21 states, primarily through independent insurance agencies. Its commercial products include commercial automobile, commercial multi-peril and workers’ compensation… From the company’s description.

Over the twelve months to Sep 30, 2026, Donegal Group Inc. reported revenue of $954.91M, down 3.3% from a year earlier, and net income of $69.16M. Its operating margin was 9.0%, and operations generated $50.96M in cash. In fiscal 2025, it reported revenue of $978.01M, down 1.2% from fiscal 2024, and net income of $79.34M.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-09-30
Sales & profitability
$978.01MFY2025
−1.2% year over year
Last 12 mo $954.91M
10.05%FY2025
+4.2 percentage points
Last 12 mo 8.97%
$79.34MFY2025
+56.0% year over year
Last 12 mo $69.16M
12.39%FY2025
+3.1 percentage points
Last 12 mo 10.46%
Cash & financing
$70.20MFY2025
+4.1% year over year
Last 12 mo $50.96M
$70.20MFY2025
+4.1% year over year
Last 12 mo $50.96M
0.05FY2025
Was 0.06× a year earlier
Last 12 mo 0.05
18.9MFY2025
+8.3% year over year
Last 12 mo 19.3M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Donegal Group Inc. does

In the company’s own words

Donegal Group Inc. (Nasdaq: DGICA) is an insurance holding company whose insurance subsidiaries and affiliates provide property and casualty insurance in 21 states, primarily through independent insurance agencies. Its commercial products include commercial automobile, commercial multi-peril and workers’ compensation policies; personal products include private passenger automobile and homeowners insurance. The company’s customers include individuals, businesses and employers, and it distributes products through approximately 2,000 independent agencies. Donegal reports three segments: commercial lines, personal lines and investments. In 2025, commercial lines represented 62.3% of net premiums written and personal lines 37.7%; net premiums earned were $921.2 million. Its insurance subsidiaries operate with Donegal Mutual Insurance Company and related affiliates as the Donegal Insurance Group, a trade name rather than a separate legal entity. Donegal Mutual formed the company in 1986 as a downstream holding company and retains majority voting control. The insurance group’s principal brands include Atlantic States Insurance Company, Michigan Insurance Company, The Peninsula Insurance Company and Southern Insurance Company of Virginia. Its website is www.donegalgroup.com.

Company details
Sector
Financials
Industry (SIC)
Property & Casualty Insurance
Headquarters
MARIETTA, PA
Fiscal year end
December
CIK
800457
SIC
6331

Financial performance, year by year

Fiscal 2011–2025 · USD
$-135.00M$171.71M$478.42M$785.13M$1.09B201120122013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Donegal Group Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

164
funds hold it
0 of 35
superinvestors hold it
$109.22M
held by funds, at market
18.6%
of shares held by funds

Largest fund holders · Donegal Group Inc.’s weight in each

iShares Russell 2000 ETF
IWM · iShares Trust
0.01%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
U.S. SMALL CAP VALUE PORTFOLIO
DFSVX · DFA INVESTMENT DIMENSIONS GROUP INC
—of fund net assets
Avantis U.S. Small Cap Value ETF
AVUV · American Century ETF Trust
—of fund net assets
—of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

By share class

ClassHeld by fundsFundsShares out
DGICAClass A Common Stock, $.01 par value18.6%16331.8M
DGICBClass B Common Stock, $.01 par value3.7%175.6M

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Could not be determined for this company: bond issues.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

  • “How do Donegal Group Inc. and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of Donegal Group Inc.'s earnings go — cash, debt, buybacks, reinvestment?”
  • “What changed in Donegal Group Inc.'s last four quarterly filings that the numbers alone won't show?”
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