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)

3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments49,69559,18363,36760,42160,22873,437
Cash and cash equivalents23,79223,71924,74822,83625,12326,661
Short-term investments25,90335,46438,61937,58535,10546,776
Receivables1,501  124
Total current assets:51,19659,18363,36760,42260,23073,441
Noncurrent Assets
Property, plant and equipment2,6332,6742,7162,7572,7552,798
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 assets19,53323,79122,32220,68621,60322,690
Total noncurrent assets:28,74933,04831,62130,02730,94132,072
Other undisclosed assets2,186,3482,168,0462,193,9472,188,2372,152,1782,131,339
TOTAL ASSETS:2,266,2942,260,2772,288,9352,278,6852,243,3492,236,852
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities1,786,5491,786,9371,802,7421,785,1231,759,7561,755,648
Total liabilities:1,786,5491,786,9371,802,7421,785,1231,759,7561,755,648
Equity
Equity, attributable to parent, including:479,745473,340486,194493,562483,593481,203
Treasury stock, value(41,226)(41,226)(41,226)(41,226)(41,226)(41,226)
Additional paid in capital335,694333,559332,073328,375325,602321,364
Accumulated other comprehensive loss(32,882)(50,295)(45,201)(37,696)(41,704)(46,971)
Retained earnings217,795230,939240,186243,750240,564247,682
Other undisclosed equity, attributable to parent364363362359358355
Total equity:479,745473,340486,194493,562483,593481,203
TOTAL LIABILITIES AND EQUITY:2,266,2942,260,2772,288,9352,278,6852,243,3492,236,852

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

3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
Revenues239,468233,928229,196224,746223,444212,838
Premiums earned, net226,185224,393216,260215,233212,991206,122
Cost of revenue(203,528)(197,414)(190,515)(177,247)(187,780)(192,506)
Policyholder benefits and claims incurred, net(163,154)(156,683)(151,235)(138,106)(148,833)(155,754)
Deferred policy acquisition costs, amortization expense(39,149)(39,332)(37,935)(37,798)(37,563)(35,513)
Gross profit:35,94036,51438,68147,49935,66420,332
Operating expenses(38,265)(37,363)(36,272)(41,049)(31,424)(33,630)
Operating income (loss):(2,326)(849)2,4086,4494,240(13,298)
Interest and debt expense(156)(156)(155)(153)(156)(71)
Income (loss) from continuing operations before income taxes:(2,482)(1,005)2,2536,2964,084(13,369)
Income tax expense (benefit)511200(256)(1,093)(605)2,993
Income (loss) from continuing operations:(1,970)(805)1,9975,2043,479(10,376)
Loss before gain (loss) on sale of properties:(10,376)
Net income (loss) available to common stockholders, diluted:(1,970)(805)1,9975,2043,479(10,376)

Comprehensive Income ($ in thousands)

3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
Net income (loss):(1,970)(805)1,9975,2043,479(10,376)
Other comprehensive income (loss)17,413(7,898)(7,505)4,0085,267(17,494)
Comprehensive income (loss), net of tax, attributable to parent:15,443(8,703)(5,508)9,2118,746(27,870)

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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