Donegal Group Inc. (DGICA) Stock

Donegal Group Inc. (DGICA) is a Financials stock trading at $18.68 (as of 2026-08-21), with a market capitalization of $588.86M. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Donegal Group Inc. is an insurance holding company that offers personal and commercial lines of property and casualty coverage. Its segments include Investment, Personal Lines, and Commercial Lines, providing private passenger automobile, homeowners, and commercial auto and multi-peril policies, as well as workers’ compensation coverage for businesses and individuals.

Understand Donegal Group Inc.: how it makes money

Donegal Group sells personal and commercial property and casualty insurance, it makes money mainly from insurance premiums, and results depend on whether claims losses and underwriting expenses are covered by those premiums.

For an insurer like Donegal, the core profit engine is underwriting discipline, the combined ratio shows whether losses and expenses are running above or below earned premiums, and that is tracked separately across Personal Lines and Commercial Lines.

Business quality (Weak): Investor focus should be the combined ratio and its components, the latest quarter shows strong Personal Lines performance but weaker Commercial Lines performance.

Valuation: At 8× earnings, DGICA trades 34% below the Insurance average (13×). Note: one-time items can distort reported P/E.

Bull case

  • Personal Lines underwriting looks strong: Personal Lines Statutory Combined Ratio is 85.7 (lower than 100 suggests losses plus expenses are below premiums on that metric).
  • Companywide underwriting is close to breakeven: Overall Combined Ratio is 99.8, supported by a Loss Ratio of 75.5 and an Expense Ratio of 35.4.

Bear case

  • Commercial Lines underwriting is pressured: Commercial Lines Statutory Combined Ratio is 104.6, above 100 on that metric.
  • Statutory combined performance is weaker than the overall combined view: Statutory Combined Ratio is 103.0, which implies a less favorable underwriting outcome on a statutory combined basis.
Valuation — source: SEC EDGAR (first-party)
Price$18.68
Market Cap$588.86M
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$978.01M
Net Margin8.1%
Return on Equity10.1%
Revenue Growth (YoY)-3.9%
EPS Growth (YoY)-41.1%
Valuation vs Sector & Industry
Sector P/E (Financials)15.1
Industry P/E (Insurance)13.0
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderBlackRock, Inc. ($32.76M)
Institutional Holders Tracked10
Company
SectorFinancials
IndustryInsurance
CEOKevin Gerard Burke
Employees410
CountryUS
IPO Date2003-07-03

Related Companies (Business model: Property & Casualty Insurer; 8 closest by market cap; US-domiciled)

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  • Tiptree Inc. (TIPT)
  • American Integrity Insurance Group, Inc. (AII)
  • AMERISAFE, Inc. (AMSF)
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DGICA earnings history · DGICA institutional & insider holders · DGICA KPIs & operating metrics · DGICA financials · DGICA investor presentations & press releases · DGICA SEC filings · DGICA peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-21.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.