Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data DONEGAL GROUP INC files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2016
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Revenue
688
739
772
812
778
816
848
927
990
978
Interest expense
1.66
1.59
2.3
1.58
1.2
0.9
0.62
0.62
0.95
1.35
Interest income
26.5
27.6
29.8
32.5
32.6
34.1
36.7
43.7
48.8
56.9
Other non-operating income
2.9
2.63
1.72
1.58
Pre-tax income
41.3
12.1
-48.2
57.1
63.3
30.3
-3.64
5.06
62.3
97.6
Income tax
10.5
5
-15.5
9.93
10.5
5.08
-1.68
0.64
11.5
18.3
Net income
30.8
7.12
-32.8
47.2
52.8
25.3
-1.96
4.43
50.9
79.3
Balance sheet
FY2016
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Cash and equivalents
24.6
37.8
52.6
49.3
103
57.7
25.1
23.8
52.9
26.8
Short-term investments
9.37
11
16.7
14
20.9
Property, plant and equipment
6.67
7.28
4.69
4.56
4.39
2.96
2.76
2.63
2.48
2.33
Goodwill
5.63
5.63
5.63
5.63
5.63
5.63
5.63
5.63
5.63
5.63
Intangible assets
0.96
0.96
0.96
0.96
0.96
0.96
0.96
0.96
0.96
0.96
Total assets
1,623
1,738
1,832
1,923
2,161
2,255
2,243
2,266
2,336
2,387
Total liabilities
1,185
1,289
1,433
1,472
1,643
1,724
1,760
1,787
1,790
1,746
Paid-in capital
237
255
261
268
289
305
326
336
370
392
Retained earnings
245
237
193
223
258
264
241
218
245
298
Treasury stock
-41.2
-41.2
-41.2
-41.2
-41.2
-41.2
-41.2
-41.2
-41.2
-41.2
Other comprehensive income
-2.25
-2.68
-14.2
0.5
11.1
3.28
-41.7
-32.9
-28.2
-8.3
Shareholders' equity
439
449
399
451
518
531
484
480
546
640
Total equity
439
449
399
451
518
531
484
480
546
640
Total liabilities and equity
1,623
1,738
1,832
1,923
2,161
2,255
2,243
2,266
2,336
2,387
Cash flow statement
FY2016
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Net income
30.8
7.12
-32.8
47.2
52.8
25.3
-1.96
4.43
50.9
79.3
Depreciation and amortization
6.59
6.11
6.61
5.57
6.72
5.84
4.84
4.33
3.87
3.08
Stock-based compensation
2.5
2
1.7
1.4
1.1
0.97
0.82
0.88
0.98
1
Cash from operations
60
81
63.8
76.4
101
76.7
67.1
28.6
67.4
70.2
Purchases of investments
-162
-139
-117
-166
-177
-164
-152
-150
-148
-343
Sales and maturities of investments
82.6
99.5
105
119
172
166
75.8
58.3
117
149
Cash from investing
-51.3
-58.4
-37.6
-43.4
-99.7
-62.2
-98.5
-16.7
-48
-91.1
Stock issued
13.8
15.5
3.25
4.83
19.3
14.2
19.3
8.65
32.4
20.5
Dividends paid
-14.1
-14.8
-15.7
-16.1
-17
-19.1
-20.5
-21.9
-22.7
-25.7
Cash from financing
-12.3
-9.31
-11.4
-36.3
52.3
-59.9
-1.2
-13.2
9.73
-5.21
Net change in cash
-3.55
13.2
14.8
-3.28
53.8
-45.4
-32.6
-1.33
29.1
-26.1
Interest paid
1.38
1.34
1.28
0.32
1.19
1.15
0.62
0.62
0.97
Income taxes paid
7.31
3.05
-3.29
-9.83
12.8
6.2
4.5
0.25
3.75
22.7
Key metrics
Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $18.20 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Pre-tax margin
9.1%
Pre-tax income / revenue.
Net margin
7.4%
Net income / revenue.
Operating cash flow margin
6.1%
Cash from operations / revenue.
Effective tax rate
18.9%
Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)
10.7%
Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)
2.9%
Net income / average total assets.
Stock-based pay / revenue
0.1%
Stock-based compensation (from the cash flow statement) / revenue.
D&A / revenue
0.3%
Depreciation and amortization / revenue.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
-1.2%
Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y
4.9%
Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y
4.7%
Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income growth, 1y
56.0%
Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 5y
8.5%
Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y
4.1%
Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y
1.5%
Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y
-7.0%
Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y
17.3%
Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y
9.8%
Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y
4.3%
Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y
2.2%
Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y
2.1%
Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y
2.0%
Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Dividends paid / net income, when net income is positive.
Valuation
Metric
Value
How it is calculated
Market cap
$675.6M
Share price x shares outstanding.
Enterprise value
$651.8M
Market cap + total debt - cash - short-term investments.
P/E
9.50x
Market cap / net income. Only when net income is positive.
P/S
0.70x
Market cap / revenue.
P/B
1.01x
Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book
1.02x
Market cap / tangible book value, when positive.
P/OCF
11.6x
Market cap / cash from operations, when positive.
EV/Sales
0.68x
Enterprise value / revenue.
Earnings yield
10.5%
Net income / market cap (the inverse of P/E).
Dividend yield
4.0%
Dividends paid over the period / market cap.
Shareholder yield
4.0%
(Dividends paid + share buybacks) / market cap.
What was DONEGAL GROUP INC's revenue in fiscal 2025?
DONEGAL GROUP INC reported revenue of $978.0M for fiscal 2025, 1.2% lower than the year before.
Was DONEGAL GROUP INC profitable in fiscal 2025?
Yes. Net income was $79.3M, a net margin of 8.1%.
Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.