Donegal Group Inc. (DGICB) Stock

Donegal Group Inc. (DGICB) is a Financials stock trading at $24.00 (as of 2026-08-19), with a market capitalization of $131.89M and a trailing P/E of 1.9. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Donegal Group Inc., an insurance holding company, provides personal and commercial lines of property and casualty insurance to businesses and individuals. It operates through three segments: Investment Function, Personal Lines of Insurance, and Commercial Lines of Insurance. The company offers private passenger automobile policies that provide protection against liability for bodily injury and property damage arising from automobile accidents, as well as protection against loss from damage to automobiles; and homeowners policies, which provide coverage for damage to residences and their contents from a range of perils, including fire, lightning, windstorm, and theft, as well as liability of the insured arising from injury to other persons or their property. It also offers commercial automobile policies that provide protection against liability for bodily injury and property damage arising from automobile accidents and protection against loss from damage to automobiles owned by the insured; commercial multi-peril policies that provide protection to businesses against combining liability and physical damage coverages; and workers' compensation policies, which provide benefits to employees for injuries sustained during employment. The company markets its insurance products primarily to Mid-Atlantic, Midwestern, New England, Southern, and Southwestern regions through approximately 2,300 independent insurance agencies. Donegal Group Inc. was incorporated in 1986 and is headquartered in Marietta, Pennsylvania.

Understand Donegal Group Inc.: how it makes money

Donegal Group Inc. sells property and casualty insurance, including personal lines (private passenger auto and homeowners) and commercial lines, and it makes money primarily through premiums earned, while underwriting profitability shows up in reported loss ratios and combined ratios.

Donegal's profit engine is underwriting results on earned premiums, as reflected by its reported statutory combined ratios for Commercial Lines (96.6%) and Personal Lines (94.1%), which combine loss and expense performance into a single measure.

Business quality (Weak): Well-defined underwriting KPIs are provided (statutory combined ratios, loss ratios, and expense ratio), but segment revenue detail is not provided here, which limits visibility into how much each segment drives overall results.

Valuation: At 2× earnings, DGICB trades 85% below the Insurance average (13×). Note: one-time items can distort reported P/E.

Bull case

  • Underwriting appears profitable in both lines: Commercial Lines statutory combined ratio is 96.6% and Personal Lines statutory combined ratio is 94.1%, both below 100% based on the provided quarter metrics.
  • Loss and expense metrics are tracked clearly: The company reports core loss ratios (GAAP) by segment (Commercial 54.0%, Personal 46.6%) and an expense ratio of 34.9%, helping investors see what is driving the combined ratio.

Bear case

  • Catastrophe and large event risk can move results: Weather-related losses contribute 3.6 percentage points of the loss ratio, and Large Fire Losses contribute 6.2 percentage points of the loss ratio (both shown in the provided quarter).
  • Premium growth alone is not sufficient to judge performance: Net premiums written are 0.25 USD_B, but premiums must translate into acceptable combined ratios, and the quarter also shows notable non-loss-item pressure via an expense ratio of 34.9%.
Valuation — source: SEC EDGAR (first-party)
Price$24.00
Market Cap$131.89M
P/E Ratio1.9
EV / EBITDA1.2
Price / Book0.20
Price / Sales0.14
Dividend Yield20.4%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$978.01M
Net Margin8.1%
Return on Equity10.7%
Revenue Growth (YoY)-1.2%
Valuation vs Sector & Industry
Stock P/E1.9
Sector P/E (Financials)15.1
Industry P/E (Insurance)13.0
vs Sector-87.7%
vs Industry-85.8%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderDIMENSIONAL FUND ADVISORS LP ($2.92M)
Institutional Holders Tracked10
Company
SectorFinancials
IndustryInsurance
CEOKevin Gerard Burke
Employees872
CountryUS
IPO Date1986-10-29

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DGICB earnings history · DGICB institutional & insider holders · DGICB KPIs & operating metrics · DGICB financials · DGICB investor presentations & press releases · DGICB SEC filings · DGICB peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-19.

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