Donegal Group Inc. (DGICA) Income Statement
DGICA 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsDGICA revenue and net income
Where DGICA's revenue goes
2025Each bar shows an amount and its share of revenue. DGICA kept 8.1% of revenue as net income.
DGICA profit margins
DGICA growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −1.2% | +4.9% | +4.7% | +4.4% |
| Gross profit | −73.6% | +22.6% | +5.6% | +6.6% |
| Operating income | +56.6% | — | +9.1% | +13.5% |
| Net income | +56.0% | — | +8.5% | +14.2% |
| EPS (diluted) | +56.1% | +121.4% | +4.4% | +8.8% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
DGICA quarterly EPS vs estimates
Donegal beat the analyst EPS estimate in 7 of the last 8 quarters. Next report: October 29, 2026 (estimate $0.33).
DGICA income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $978.0M | $989.6M | $927.3M | $848.2M | $816.5M | $777.8M | $812.2M | $769.1M | $737.4M | $687.3M |
| Cost of revenue | $717.1M | $764.4M | $763.4M | $706.5M | $649.4M | $578.8M | $628.8M | $697.4M | $602.3M | $531.2M |
| Gross profit | $260.9M | $989.6M | $163.9M | $141.7M | $167.0M | $199.0M | $183.3M | $71.7M | $135.1M | $156.1M |
| Research & development | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Sales, general & admin | — | — | — | — | — | — | $9.0M | $5.4M | $5.0M | $4.4M |
| Total operating expenses | $163.3M | $989.6M | $158.9M | $145.3M | $136.7M | $135.7M | $126.2M | $119.9M | $123.0M | $114.8M |
| Operating income | $97.6M | $62.3M | $5.1M | −$3.6M | $30.3M | $63.3M | $57.1M | −$48.2M | $12.1M | $41.3M |
| Interest income | — | — | — | — | — | — | $1.3M | $391,880 | $28,170 | $571,490 |
| Interest expense | $1.4M | $946,020 | $619,813 | $620,558 | $895,605 | $1.2M | $1.6M | $2.3M | $1.6M | $1.7M |
| Income before taxes | $97.6M | $62.3M | $5.1M | −$3.6M | $30.3M | $63.3M | $57.1M | −$48.2M | $12.1M | $41.3M |
| Income taxes | $18.3M | $11.5M | $637,972 | −$1.7M | $5.1M | $10.5M | $9.9M | −$15.5M | $5.0M | $10.5M |
| Net income | $79.3M | $50.9M | $4.4M | −$2.0M | $25.3M | $52.8M | $47.2M | −$32.8M | $7.1M | $30.8M |
| EBITDA | $102.0M | $67.2M | $10.0M | $1.8M | $37.1M | $71.2M | $64.2M | −$39.3M | $19.8M | $49.6M |
| EPS (diluted) | $2.17 | $1.39 | $0.13 | $0.20 | $0.67 | $1.75 | $1.01 | −$0.80 | $0.30 | $1.24 |
| Gross margin | 26.7% | 100.0% | 17.7% | 16.7% | 20.5% | 25.6% | 22.6% | 9.3% | 18.3% | 22.7% |
| Operating margin | 10.0% | 6.3% | 0.5% | −0.4% | 3.7% | 8.1% | 7.0% | −6.3% | 1.6% | 6.0% |
| Net margin | 8.1% | 5.1% | 0.5% | −0.2% | 3.1% | 6.8% | 5.8% | −4.3% | 1.0% | 4.5% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $241.1M | $236.0M | $240.1M | $245.9M | $247.1M | $245.2M | $250.0M | $251.7M | $246.8M | $241.1M | $239.5M | $233.9M |
| Cost of revenue | $168.7M | $178.3M | $175.5M | $179.9M | $190.4M | $171.3M | $181.3M | $186.6M | $206.0M | $190.5M | $202.3M | $196.0M |
| Gross profit | $72.4M | $57.7M | $64.6M | $66.0M | $56.7M | $73.9M | $68.7M | $65.1M | $40.8M | $50.6M | $37.2M | $37.9M |
| Total operating expenses | $44.9M | $43.6M | $43.7M | $40.9M | $36.3M | $42.7M | $39.0M | $44.7M | $35.7M | $43.4M | $39.6M | $38.9M |
| Operating income | $27.5M | $14.1M | $21.0M | $25.0M | $20.4M | $31.2M | $29.7M | $20.4M | $5.0M | $7.2M | −$2.5M | −$1.0M |
| Interest expense | $336,725 | $333,025 | $340,426 | $340,425 | $336,705 | $333,045 | $269,254 | $367,583 | $154,586 | $154,597 | $155,902 | $156,318 |
| Income before taxes | $27.5M | $14.1M | $21.0M | $25.0M | $20.4M | $31.2M | $29.7M | $20.4M | $5.0M | $7.2M | −$2.5M | −$1.0M |
| Income taxes | $5.2M | $2.6M | $3.8M | $5.0M | $3.6M | $6.0M | $5.7M | $3.7M | $859,665 | $1.3M | −$511,307 | −$199,613 |
| Net income | $22.3M | $11.5M | $17.2M | $20.1M | $16.9M | $25.2M | $24.0M | $16.8M | $4.2M | $6.0M | −$2.0M | −$805,301 |
| EBITDA | $28.4M | $15.3M | $21.7M | $26.1M | $21.7M | $32.5M | $30.9M | $21.8M | $6.1M | $8.4M | −$1.2M | $175,009 |
| EPS (diluted) | $0.53 | $0.32 | $0.50 | $0.52 | $0.43 | $0.72 | $0.69 | $0.46 | $0.11 | $0.13 | −$0.11 | $0.01 |
| Gross margin | 30.0% | 24.4% | 26.9% | 26.8% | 23.0% | 30.1% | 27.5% | 25.9% | 16.5% | 21.0% | 15.5% | 16.2% |
| Operating margin | 11.4% | 6.0% | 8.7% | 10.2% | 8.3% | 12.7% | 11.9% | 8.1% | 2.0% | 3.0% | −1.0% | −0.4% |
| Net margin | 9.3% | 4.9% | 7.2% | 8.2% | 6.8% | 10.3% | 9.6% | 6.7% | 1.7% | 2.5% | −0.8% | −0.3% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in DGICA's financial statements (latest annual report filed March 6, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
DGICA financial results
In fiscal year 2025 (ended December 31, 2025), Donegal reported revenue of $978.0 million, down 1.2% from the year before. It had net income of $79.3 million (up 56.0%), a net profit margin of 8.1%. Diluted earnings per share came to $2.17. Over five years revenue grew at an average rate of 4.7% a year.
See the DGICA stock overview for the latest quote and news, or the DGICA chart for price history and technical indicators.
DGICA income statement FAQ
What is Donegal's annual revenue?
Donegal reported total revenue of $978.0 million for fiscal year 2025, which ended on December 31, 2025. That was down 1.2% from $989.6 million the previous year.
Is Donegal profitable?
Yes. Donegal reported net income of $79.3 million in fiscal 2025, a net profit margin of 8.1%; its operating margin was 10.0%.
What is Donegal's gross margin?
Donegal's gross margin was 26.7% in fiscal 2025: for every $100 of revenue, Donegal kept $27 after the direct cost of its products and services.
How fast is Donegal growing?
Revenue grew 4.7% a year on average over the last five fiscal years, from $777.8 million to $978.0 million.
What are Donegal's earnings per share?
Donegal earned $2.17 per diluted share in fiscal 2025, compared with $1.39 a year earlier.
When will Donegal report its next earnings?
Donegal is expected to report results for the quarter ending September 30, 2026 on October 29, 2026 before the market opens.
When does Donegal's fiscal year end?
Donegal's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 6, 2026.