Donegal Group Inc. (DGICA) Financial Statements (2024 and earlier)

Company Profile

Business Address 1195 RIVER RD PO BOX 302
MARIETTA, PA 17547-0302
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 6331 - Fire, Marine, and Casualty Insurance (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments60,228121,129123,99463,34969,34348,883
Cash and cash equivalents25,12357,709103,09449,31952,59437,833
Short-term investments35,10563,42020,90014,03016,74911,050
Receivables22    
Total current assets:60,230121,132123,99463,34969,34348,883
Noncurrent Assets
Property, plant and equipment2,7552,9574,3904,5584,6917,280
Long-term investments and receivables      38,773
Long-term investments      38,773
Intangible assets, net (including goodwill)6,5836,5836,5836,5836,5836,583
Goodwill5,6255,6255,6255,6255,6255,625
Intangible assets, net (excluding goodwill)958958958958958958
Deferred income tax assets21,6036,6865,683 
Total noncurrent assets:30,94116,22616,65711,14111,27452,637
Other undisclosed assets2,152,1782,117,8182,019,8691,848,6711,751,4611,636,399
TOTAL ASSETS:2,243,3492,255,1752,160,5201,923,1611,832,0781,737,920
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities     10,00010,000
Employee-related liabilities   10,00010,000
Total current liabilities:     10,00010,000
Noncurrent Liabilities
Other undisclosed liabilities1,759,7561,724,1391,642,7461,472,1461,423,2081,279,224
Total liabilities:1,759,7561,724,1391,642,7461,472,1461,433,2081,289,224
Equity
Equity, attributable to parent, including:483,593531,036517,774451,016398,870448,696
Treasury stock, value(41,226)(41,226)(41,226)(41,226)(41,226)(41,226)
Additional paid in capital325,602304,889289,150268,152261,258255,402
Accumulated other comprehensive income (loss)(41,704)3,28411,131504(14,228)(2,684)
Retained earnings240,564263,745258,387223,268192,751236,893
Other undisclosed equity, attributable to parent358344333319315312
Total equity:483,593531,036517,774451,016398,870448,696
TOTAL LIABILITIES AND EQUITY:2,243,3492,255,1752,160,5201,923,1611,832,0781,737,920

Income Statement (P&L) ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues848,221816,466777,820812,451771,828739,027
Premiums earned, net822,489776,015742,040756,078741,291
Financial services revenue707,672
Cost of revenue(712,069)(654,641)(586,231)(637,809)(702,775)(607,348)
Policyholder benefits and claims incurred, net(564,079)(520,710)(459,764)(506,388)(576,458)
Deferred policy acquisition costs, amortization expense(142,430)(128,733)(119,072)(122,443)(120,964)(115,065)
Financial services costs(487,268)
Gross profit:136,151161,825191,589174,64269,053131,679
Operating expenses(139,169)(130,591)(127,120)(115,982)(114,988)(117,971)
Operating income (loss):(3,018)31,23464,46958,660(45,935)13,708
Nonoperating income
(Other Nonoperating income)
    1,5781,7182,631
Interest and debt expense(621)(896)(1,196)(1,579)(2,302)(1,593)
Income (loss) from continuing operations before equity method investments, income taxes:(3,638)30,33963,27358,659(46,519)14,745
Other undisclosed loss from continuing operations before income taxes    (1,578)(1,718)(2,631)
Income (loss) from continuing operations before income taxes:(3,638)30,33963,27357,081(48,237)12,114
Income tax expense (benefit)1,679(5,084)(10,457)(9,929)15,477(4,998)
Income (loss) from continuing operations:(1,959)25,25452,81547,152(32,760)7,116
Income (loss) before gain (loss) on sale of properties:25,25452,81547,152(32,760)7,116
Net income (loss) available to common stockholders, diluted:(1,959)25,25452,81547,152(32,760)7,116

Comprehensive Income ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):(1,959)25,25452,81547,152(32,760)7,116
Other comprehensive income (loss)(44,987)(7,847)    
Comprehensive income (loss):(46,947)17,40752,81547,152(32,760)7,116
Other undisclosed comprehensive income (loss), net of tax, attributable to parent   10,62614,732(6,625)46
Comprehensive income (loss), net of tax, attributable to parent:(46,947)17,40763,44261,884(39,385)7,162

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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