Donegal Group Inc. (DGICA) Bundle
A Brief History of Donegal Group Inc. (DGICA)
Company Overview
Donegal Group Inc. (DGICA) is a holding company for Donegal Mutual Insurance Company, headquartered in Marietta, Pennsylvania. The company provides property and casualty insurance products through its subsidiaries.
Financial Performance
| Fiscal Year | Total Revenue | Net Income | Earnings Per Share |
|---|---|---|---|
| 2022 | $1.02 billion | $42.1 million | $1.22 |
| 2023 | $1.07 billion | $45.3 million | $1.31 |
Insurance Segments
- Personal Lines Insurance
- Commercial Lines Insurance
- Reinsurance
Market Presence
Donegal Group Inc. operates primarily in the Northeastern, Mid-Atlantic, and Southeastern United States.
Stock Information
| Stock Symbol | Exchange | 52-Week Range | Market Capitalization |
|---|---|---|---|
| DGICA | NASDAQ | $15.23 - $21.67 | $585 million |
Company Subsidiaries
- Donegal Mutual Insurance Company
- Penn National Insurance
- Donegal Insurance Group
Key Financial Metrics
| Metric | 2023 Value |
|---|---|
| Total Assets | $2.3 billion |
| Shareholders' Equity | $493 million |
| Combined Ratio | 97.5% |
A Who Owns Donegal Group Inc. (DGICA)
Major Institutional Shareholders
| Shareholder | Shares Owned | Percentage of Ownership |
|---|---|---|
| The Vanguard Group, Inc. | 1,472,909 | 16.92% |
| BlackRock Inc. | 1,033,478 | 11.87% |
| Dimensional Fund Advisors LP | 652,696 | 7.49% |
| Dalton Investments LLC | 447,000 | 5.13% |
Insider Ownership
As of the latest available data, company insiders own 3.72% of total outstanding shares.
Top Insider Shareholders
- Donald D. Raub Jr. - President and CEO
- Michael J. O'Brien - Chief Financial Officer
- Jack E. Lee - Chairman of the Board
Ownership Structure
Donegal Group Inc. is a publicly traded company listed on NASDAQ under ticker symbol DGICA.
Shareholder Composition
| Category | Percentage |
|---|---|
| Institutional Investors | 58.41% |
| Insider Ownership | 3.72% |
| Individual/Retail Investors | 37.87% |
Donegal Group Inc. (DGICA) Mission Statement
Company Overview
Donegal Group Inc. (DGICA) is a holding company for Donegal Mutual Insurance Company, headquartered in Marietta, Pennsylvania.
Financial Performance
| Total Revenue (2022) | $1.34 billion |
| Net Income (2022) | $61.1 million |
| Total Assets (2022) | $3.96 billion |
| Market Capitalization (as of 2024) | $615.2 million |
Core Business Segments
- Commercial Lines Insurance
- Personal Lines Insurance
- Reinsurance Services
Geographic Presence
Operates in 20 states across the United States, primarily in the Mid-Atlantic and Northeastern regions.
Insurance Portfolio Composition
| Commercial Lines Premiums | $762.5 million |
| Personal Lines Premiums | $453.2 million |
| Total Written Premiums (2022) | $1.215 billion |
Strategic Focus Areas
- Risk Management
- Customer Service Excellence
- Technology Integration
- Sustainable Growth
Shareholder Information
| Stock Exchange Listing | NASDAQ |
| Ticker Symbol | DGICA |
| Dividend Yield (2022) | 2.3% |
How Donegal Group Inc. (DGICA) Works
Company Overview
Donegal Group Inc. is a holding company for Donegal Mutual Insurance Company, headquartered in Marietta, Pennsylvania. As of 2024, the company operates through two primary segments: personal and commercial lines insurance.
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $1.38 billion |
| Net Income | $53.4 million |
| Total Assets | $3.2 billion |
| Shareholders' Equity | $712 million |
Insurance Product Lines
- Personal Lines Insurance
- Commercial Lines Insurance
- Specialty Lines Insurance
Geographic Operations
Donegal Group Inc. primarily operates in 11 Northeastern, Mid-Atlantic, and Midwestern states.
Distribution Channels
- Independent Insurance Agents
- Direct Sales
- Online Platforms
Subsidiary Companies
| Subsidiary | Focus |
|---|---|
| Donegal Mutual Insurance Company | Primary Insurance Operations |
| Donegal Insurance Group | Specialty Insurance Services |
Stock Information
NASDAQ Ticker: DGICA
| Stock Metric | 2024 Value |
|---|---|
| Share Price | $16.50 |
| Market Capitalization | $508 million |
How Donegal Group Inc. (DGICA) Makes Money
Business Segments
Donegal Group Inc. generates revenue through two primary business segments:
- Personal Lines Insurance
- Commercial Lines Insurance
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Total Revenues | $1.3 billion |
| Net Premiums Earned | $1.1 billion |
| Investment Income | $45.2 million |
Insurance Product Categories
Personal Lines Insurance Products:
- Automobile Insurance
- Homeowners Insurance
- Personal Umbrella Insurance
Commercial Lines Insurance Products:
- Commercial Auto Insurance
- General Liability Insurance
- Workers' Compensation Insurance
- Commercial Property Insurance
Geographic Markets
| Region | Market Presence |
|---|---|
| Mid-Atlantic States | Primary Market |
| Northeastern United States | Strong Presence |
| Southeastern States | Expanding Market |
Revenue Breakdown
| Revenue Source | Percentage |
|---|---|
| Premiums | 84.6% |
| Investment Income | 3.5% |
| Other Income | 11.9% |
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