Donegal Group Inc. logo DGICA - Donegal Group Inc.

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STRONG
BUY
0
BUY 1
HOLD 1
SELL 0
STRONG
SELL
0
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993
Revenue
Revenue 978.0 989.6 927.3 848.2 816.5 777.8 812.2 769.1 737.4 687.3 635.1 585.3 544.2 510.4 473.0 408.8 386.3 372.3 340.6 330.0 319.8 287.8 215.0 203.8 185.2 170.6 159.7 130.6 121.3 117.6 101.6 81.7 77.7
Cost of Revenue 717.1 764.4 763.4 706.5 649.4 578.8 628.8 697.4 602.3 531.2 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Gross Profit 260.9 225.2 163.9 141.7 167.0 199.0 183.3 71.7 135.1 156.1 635.1 585.3 544.2 510.4 473.0 408.8 386.3 372.3 340.6 330.0 319.8 287.8 215.0 203.8 185.2 170.6 159.7 130.6 121.3 117.6 101.6 81.7 77.7
Operating Expenses
R&D Expenses 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
SG&A Expenses 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Expenses 163.3 162.8 158.9 145.3 136.7 135.7 126.2 119.9 123.0 114.8 607.5 569.0 511.5 482.6 479.7 399.0 365.6 340.2 287.8 273.3 267.5 250.7 189.6 187.3 178.1 158.8 156.1 118.9 107.2 16.3 14.7 9.9 9.5
Operating Expenses 163.3 162.8 158.9 145.3 136.7 135.7 126.2 119.9 123.0 114.8 607.5 569.0 511.5 482.6 479.7 399.0 365.6 340.2 287.8 273.3 267.5 250.7 189.6 187.3 178.1 158.8 156.1 118.9 107.2 16.3 14.7 9.9 9.5
Operating Income
Operating Income 97.6 62.3 5.1 (3.6) 30.3 63.3 57.1 (48.2) 12.1 41.3 27.6 16.3 32.7 27.9 (6.7) 9.8 20.7 32.1 52.8 56.6 52.3 37.1 25.4 16.5 7.1 11.7 3.6 11.7 14.2 101.3 86.9 71.8 68.2
Interest Expense 1.4 0.9 0.6 0.6 0.9 1.2 1.6 2.3 1.6 1.7 1.1 1.5 1.6 2.4 2.1 0.8 1.7 1.8 2.9 2.8 2.3 1.6 1.3 1.1 2.2 3.3 1.5 1.3 0.9 0.4 0 0 0
Interest Income 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Profitability
EBITDA 102.0 67.2 10.0 1.8 37.1 71.2 64.2 (39.3) 19.8 49.6 35.4 21.3 37.4 34.2 (0.5) 13.8 25.0 36.3 58.2 62.1 57.7 41.1 28.3 18.9 10.5 16.0 6.1 13.5 15.5 0.7 0 0 0
EBIT 98.9 63.3 5.7 (3.0) 31.2 64.5 58.7 (45.9) 13.7 43.0 28.7 17.8 34.3 30.2 (4.6) 10.6 22.4 33.9 55.7 59.4 54.6 38.7 26.7 17.6 9.3 15.0 5.2 13.0 15.1 0.4 (0.4) (0.3) (0.2)
Income Before Tax 97.6 62.3 5.1 (3.6) 30.3 63.3 57.1 (48.2) 12.1 41.3 27.6 16.3 32.7 27.9 (6.7) 9.8 20.7 32.1 52.8 56.6 52.3 37.1 25.4 16.5 7.1 11.7 3.6 11.7 14.2 0 0 0 0
Income Tax Expense 18.3 11.5 0.6 (1.7) 5.1 10.5 9.9 (15.5) 5.0 10.5 6.6 1.7 6.4 4.8 (7.2) (1.6) 1.8 6.6 14.6 16.4 15.4 10.9 7.1 4.5 1.3 2.9 (3.0) 2.7 3.5 2.2 2.5 2.1 2.1
Net Income 79.3 50.9 4.4 (2.0) 25.3 52.8 47.2 (32.8) 7.1 30.8 21.0 14.5 26.3 23.1 0.5 11.5 18.8 25.5 38.3 40.2 36.9 31.6 18.3 12.0 5.8 8.8 6.7 9.0 10.6 8.6 9.6 6.1 6.4
Per Share Data
EPS (Basic) 2.22 1.54 0.14 -0.06 0.82 1.80 1.68 -1.16 0.26 1.16 0.97 0.56 1.01 0.90 0.02 0.45 0.30 0.92 1.39 1.65 1.54 1.35 1.07 0.74 0.37 0.57 0.25 0.35 0.42 0.35 0.41 0.20 0.37
EPS (Diluted) 2.18 1.53 0.14 -0.06 0.81 1.83 1.64 -1.16 0.25 1.14 0.96 0.55 1.00 0.89 0.02 0.45 0.30 0.92 1.39 1.60 1.49 1.31 1.04 0.74 0.36 0.57 0.25 0.35 0.42 0.34 0.40 0.20 0.36
Shares Outstanding 30.7 33.0 33.0 32.0 31.0 29.3 28.6 28.3 27.4 26.5 27.6 26.7 25.9 25.6 25.6 25.5 25.5 25.4 25.3 19.4 24.0 23.4 17.0 16.2 15.9 15.6 26.8 25.9 25.4 25.1 23.1 13.2 12.9
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2009 2008 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993
Current Assets
Cash & Cash Equivalents 26.8 52.9 23.8 25.1 57.7 103.1 49.3 52.6 37.8 24.6 12.9 1.8 7.4 5.9 1.1 4.1 5.2 3.9 8.2 3.4 2.9 1.7 0 0
Short-Term Investments 494.4 642.5 621.7 581.1 545.3 576.0 579.0 543.3 550.0 524.4 56.1 72.0 47.4 78.3 29.0 24.1 18.6 16.0 30.5 22.7 21.2 14.5 0 0
Net Receivables 597.6 620.6 642.5 647.7 657.8 581.7 532.8 519.4 180.5 0 61.2 58.8 147.6 111.6 109.5 92.3 76.8 72.3 68.7 52.9 11 43.3 9.1 7.9
Inventory 0 0 0 0 0 0 (265.4) (271.9) 87,131.8 70,449.5 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Current Assets 0 0 0 0 0 (1,430.2) 265.4 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Total Current Assets 1,289.9 1,492.2 1,456.7 1,414.6 1,437.8 0 1,161.1 1,115.3 88,459.2 71,675.1 130.2 132.6 202.3 194.3 139.6 120.5 108.9 92.2 107.5 79.0 71.8 59.5 9.1 7.9
Non-Current Assets
Property, Plant & Equipment 2.3 2.5 2.6 2.8 3.0 4.4 4.6 4.7 7.3 6.7 6.6 6.7 5.5 4.2 4.4 4.6 5.0 5.5 5.9 4.9 2.2 2.3 1.6 1.5
Goodwill 5.6 5.6 5.6 5.6 5.6 5.6 5.6 5.6 5.6 5.6 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Intangible Assets 69.6 74.3 76.0 74.1 69.0 1.0 1.0 1.0 1.0 1.0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Long-Term Investments 1,005.9 742.5 705.4 723.5 731.5 1,221.2 1,110.6 1,030.8 1,005.9 945.5 666.8 632.1 490.2 421.3 332.3 300.6 282.7 261.4 255.0 205.0 185.5 161.4 0 0
Other Non-Current Assets 0.0 0.1 0.5 1.1 1.6 (1,232.2) (8,514.3) (13,069.8) 12,844.0 12,293.1 (673.4) (638.8) (495.7) (425.4) (336.7) (305.2) (287.7) (267.0) (260.9) (209.9) (187.7) (163.7) (1.6) (1.5)
Total Non-Current Assets 1,096.8 843.8 809.6 828.8 817.4 0 1,121.7 1,042.1 20,992.6 32,295.3 673.4 638.8 495.7 425.4 336.7 305.2 287.7 267.0 260.9 209.9 187.7 163.7 1.6 1.5
Total Assets 2,386.6 2,336.0 2,266.3 2,243.3 2,255.2 2,160.5 1,923.2 1,832.1 1,737.9 1,623.1 935.6 880.1 735.4 602.0 501.2 456.6 439.1 399.7 385.2 304.1 273.1 235.7 192 169.5
Current Liabilities
Account Payables 3.5 4.3 8.8 3.5 3.9 3.2 2.1 4.9 4.1 4.4 9.4 3.4 3.2 4.7 6.1 4.0 1.0 2.5 4.6 3.2 3.5 3.1 0 0
Short-Term Debt 35 35 35 35 35 85 35 0 59 69 0 0 0 0 3.8 27.6 40 37 37.5 0 0 0 0 0
Deferred Revenue 591.0 612.5 599.4 577.7 573.0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Current Liabilities 1,100.0 1,121.0 1,126.2 1,121.0 1,077.6 (132.1) 35,006.1 (45.2) 69,832.8 70,003.0 (10.1) (13.5) (18.2) (12.8) (1.2) (39.6) (53.8) (48.0) (47.6) (0.6) (1.3) (0.4) 0 0
Total Current Liabilities 1,738.4 1,782.1 1,778.8 1,751.9 1,698.5 0 35,085.9 64.9 69,935.1 70,108.2 6.8 3.4 3.2 3.0 9.9 32.5 41.0 41.3 41.2 3.2 3.5 3.1 0 0
Non-Current Liabilities
Long-Term Debt 0 0 0 0 0 5 5 5 64 74 15.5 15.5 30.9 25.8 16 0 0 0 0 10.5 8.5 5 0 0
Deferred Tax Liabilities 0 0 0 0 0 0 17.6 19.3 16.0 24.1 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Liabilities 7.8 8.1 7.7 7.9 25.7 (5) 0 1,428.2 1,225.2 1,110.5 (15.5) (15.5) (30.9) (25.8) (16) 0 0 0 0 (10.5) (8.5) (5) 0 0
Total Non-Current Liabilities 7.8 8.1 7.7 7.9 25.7 0 1,437,059.7 5 1,219,288.6 1,114,407.5 15.5 15.5 30.9 25.8 16 0 0 0 0 10.5 8.5 5 0 0
Total Liabilities 1,746.2 1,790.3 1,786.5 1,759.8 1,724.1 1,642.7 1,472.1 1,433.2 1,289.2 1,184.5 550.1 516.5 492.7 393.4 368.0 335.7 325.4 296.3 284.6 212.5 191.9 163.4 131 112.2
Stockholders' Equity
Common Stock 0.4 0.4 0.4 0.4 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.1 0.1 0.1 0.1 9.0 8.6 8.3 6.1 4.5 4.3 0 0
Retained Earnings 297.7 245.1 217.8 240.6 263.7 258.4 223.3 192.8 236.9 244.9 214.8 207.2 106.7 81.4 68.4 60.0 60.0 54.3 50.6 46.4 39.9 32.9 26.1 21.5
Accumulated Other Comprehensive Income (8.3) (28.2) (32.9) (41.7) 3.3 11.1 0.5 (14.2) (2.7) (2.3) 15.0 1.7 4.7 5.3 4.9 2.9 (0.2) (2.1) 1.3 1.0 0.4 0.8 0 0
Total Stockholders' Equity 640.4 545.8 479.7 483.6 531.0 517.8 451.0 398.9 448.7 438.6 385.5 363.6 242.7 208.6 133.2 120.9 113.7 103.4 100.6 91.6 81.3 72.3 61 57.3
Total Liabilities & Equity 2,386.6 2,336.0 2,266.3 2,243.3 2,255.2 2,160.5 1,923.2 1,832.1 1,737.9 1,623.1 935.6 880.1 735.4 602.0 501.2 456.6 439.1 399.7 385.2 304.1 273.1 235.7 192 169.5
Debt Metrics
Total Debt 35 35 35 35 35 90 40 65 64 74 15.5 15.5 30.9 25.8 19.8 27.6 40 37 37.5 10.5 8.5 5 0 0
Net Debt 8.2 (17.9) 11.2 9.9 (22.7) (13.1) (9.3) 12.4 26.2 49.4 2.5 13.6 23.6 19.9 18.7 23.5 34.8 33.1 29.3 7.1 5.6 3.3 0 0
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993
Operating Activities
Net Income 79.3 50.9 4.4 (2.0) 25.3 52.8 14.2 (32.8) 7.1 30.8 36.9 31.6 18.3 12.0 5.8 8.9 6.7 9 10.6 8.9 9.9 6.1 6.4
Depreciation & Amortization 3.1 3.9 4.3 4.8 5.8 6.7 5.6 6.6 6.1 6.6 3.1 2.5 1.5 1.2 1.1 0.8 0.9 0.5 0.4 0.2 0.4 0.3 0.2
Stock-Based Compensation 0 0 0 0.8 0 0 1.4 1.7 2 2.5 0 0 0 0 0 0 0 0 0 0 0 0 0
Change in Working Capital (11.6) 17.7 23.0 54.0 52.1 44.4 45.9 87.8 74.1 24.7 10.7 6.8 12.3 21.0 14.2 9.3 (1.1) (3.0) 2.7 10.4 7.9 17.5 30.7
Other Non-Cash Items (0.6) (5.0) (3.2) 12.3 (6.5) (2.8) (640.6) 2.1 (6.3) (2.0) (2.4) (6.5) (1.0) 0.4 2.2 (0.7) 3.8 (0.1) (0.3) (0.1) 0.0 (9.9) (18.7)
Operating Cash Flow 70.2 67.4 28.6 67.1 76.7 101.1 76.4 63.8 81.0 60.0 48.9 34.0 30.8 34.1 22.0 18.9 6.5 6.6 13.4 19.4 17.8 13.7 17.9
Investing Activities
Capital Expenditure (0.0) 0 (0.0) 0 0 (0.1) (0.1) (0.1) (1.1) (0.4) (0.7) (0.5) (0.4) (0.6) (0.2) (0.3) (0.4) (0.7) (2.8) (0.2) (0.3) (0.3) (0.4)
Acquisitions 0 0 0 0.0 0 0 33.9 20,498.3 38,640.7 39,772.9 0 (33.7) 0 0 0 0 (0.0) (18.0) 0 (0.2) (5.3) 0 0
Purchases of Investments (475.0) (213.1) (180.8) (287.4) (314.6) (347.4) (283.4) (182.9) (206.8) (222.0) (21.6) (20.6) (226.8) (130.0) (12.4) (28.3) (14.3) (15.8) (11.8) (9.1) (6.1) (39.5) (54.7)
Sales/Maturities of Investments 383.9 165.1 164.1 188.9 251.2 247.8 206.3 145.4 149.4 171.1 125.2 156.2 137.9 125.0 18.7 30.7 26.8 33.5 6.7 10.0 20.1 34.6 28.1
Other Investing Activities 0 (0.0) 0 (28.3) (1,223.6) 0 0 (20,498.3) (38,640.7) (39,772.9) (154.1) (140.0) 0 (21.9) (14.8) (22.4) (21.9) (27.5) (6.7) (22.8) (31.0) (7.1) (0.1)
Investing Cash Flow (91.1) (48.0) (16.7) (98.5) (62.2) (99.7) (43.4) (37.6) (58.4) (51.3) (51.2) (38.7) (89.3) (27.4) (8.7) (20.2) (9.9) (28.6) (14.6) (22.3) (22.6) (12.3) (27.1)
Financing Activities
Net Debt Issuance 0 0 0 0 (55) 50 (25) 1 (10) (12) 0 5.2 (13.8) (15.6) (12.4) 6 (1) 54 2 3.5 5 0 (4.5)
Stock Repurchased 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (0.1) 0 0 (0.8)
Dividends Paid (25.7) (22.7) (21.9) (20.5) (19.1) (17.0) (16.1) (15.7) (14.8) (14.1) (6.8) (6.0) (3.9) (3.5) (3.4) (3.1) (2.9) (2.7) (2.3) (1.9) (1.6) (1.4) (1)
Other Financing Activities 0 0 0 0 0 0 0 0 0 0 0 0 20.0 7.8 0 (3) 0.5 (27) 0 0.1 0.0 0 (0.1)
Financing Cash Flow (5.2) 9.7 (13.2) (1.2) (59.9) 52.3 (36.3) (11.4) (9.3) (12.3) (1.3) 6.1 63.3 (9.6) (14.4) 2.6 (0.9) 26.8 0.9 4.1 5.1 (1.3) 10
Cash Position
Net Change in Cash (26.1) 29.1 (1.3) (32.6) (45.4) 53.8 (3.3) 14.8 13.2 (3.6) (3.5) 1.4 4.8 (3.0) (1.1) 1.3 (4.3) 4.8 (0.3) 1.2 0.3 (1.3) 10
Cash at Beginning 52.9 23.8 25.1 57.7 103.1 49.3 52.6 37.8 24.6 28.1 7.4 5.9 1.1 4.1 5.2 3.9 8.2 3.4 3.7 1.7 1.5 1.2 0.3
Cash at End 26.8 52.9 23.8 25.1 57.7 103.1 49.3 52.6 37.8 24.6 3.8 7.4 5.9 1.1 4.1 5.2 3.9 8.2 3.4 2.9 1.7 (0.1) 10.3
Free Cash Flow 70.2 67.4 28.6 67.1 76.7 101.0 76.2 63.7 79.9 59.6 48.2 33.5 30.4 33.5 21.8 18.6 6.1 5.9 10.7 19.1 17.4 13.4 17.5
Key Metrics 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993
Income Statement
Revenue 978.0 989.6 927.3 848.2 816.5 777.8 812.2 769.1 737.4 687.3 635.1 585.3 544.2 510.4 473.0 408.8 386.3 372.3 340.6 330.0 319.8 287.8 215.0 203.8 185.2 170.6 159.7 130.6 121.3 117.6 101.6 81.7 77.7
Gross Profit 260.9 225.2 163.9 141.7 167.0 199.0 183.3 71.7 135.1 156.1 635.1 585.3 544.2 510.4 473.0 408.8 386.3 372.3 340.6 330.0 319.8 287.8 215.0 203.8 185.2 170.6 159.7 130.6 121.3 117.6 101.6 81.7 77.7
Operating Income 97.6 62.3 5.1 (3.6) 30.3 63.3 57.1 (48.2) 12.1 41.3 27.6 16.3 32.7 27.9 (6.7) 9.8 20.7 32.1 52.8 56.6 52.3 37.1 25.4 16.5 7.1 11.7 3.6 11.7 14.2 101.3 86.9 71.8 68.2
Net Income 79.3 50.9 4.4 (2.0) 25.3 52.8 47.2 (32.8) 7.1 30.8 21.0 14.5 26.3 23.1 0.5 11.5 18.8 25.5 38.3 40.2 36.9 31.6 18.3 12.0 5.8 8.8 6.7 9.0 10.6 8.6 9.6 6.1 6.4
EPS (Diluted) 2.18 1.53 0.14 -0.06 0.81 1.83 1.64 -1.16 0.25 1.14 0.96 0.55 1.00 0.89 0.02 0.45 0.30 0.92 1.39 1.60 1.49 1.31 1.04 0.74 0.36 0.57 0.25 0.35 0.42 0.34 0.40 0.20 0.36
Balance Sheet
Cash & Equivalents 26.8 52.9 23.8 25.1 57.7 103.1 49.3 52.6 37.8 24.6 12.9 1.8 7.4 5.9 1.1 4.1 5.2 3.9 8.2 3.4 2.9 1.7 0 0
Total Assets 2,386.6 2,336.0 2,266.3 2,243.3 2,255.2 2,160.5 1,923.2 1,832.1 1,737.9 1,623.1 935.6 880.1 735.4 602.0 501.2 456.6 439.1 399.7 385.2 304.1 273.1 235.7 192 169.5
Total Debt 35 35 35 35 35 90 40 65 64 74 15.5 15.5 30.9 25.8 19.8 27.6 40 37 37.5 10.5 8.5 5 0 0
Stockholders' Equity 640.4 545.8 479.7 483.6 531.0 517.8 451.0 398.9 448.7 438.6 385.5 363.6 242.7 208.6 133.2 120.9 113.7 103.4 100.6 91.6 81.3 72.3 61 57.3
Cash Flow
Operating Cash Flow 70.2 67.4 28.6 67.1 76.7 101.1 76.4 63.8 81.0 60.0 48.9 34.0 30.8 34.1 22.0 18.9 6.5 6.6 13.4 19.4 17.8 13.7 17.9
Capital Expenditure (0.0) 0 (0.0) 0 0 (0.1) (0.1) (0.1) (1.1) (0.4) (0.7) (0.5) (0.4) (0.6) (0.2) (0.3) (0.4) (0.7) (2.8) (0.2) (0.3) (0.3) (0.4)
Free Cash Flow 70.2 67.4 28.6 67.1 76.7 101.0 76.2 63.7 79.9 59.6 48.2 33.5 30.4 33.5 21.8 18.6 6.1 5.9 10.7 19.1 17.4 13.4 17.5