Donegal Group Inc. (DGICB) Bundle
A Brief History of Donegal Group Inc. (DGICB)
Company Overview
Donegal Group Inc. is a holding company for Donegal Mutual Insurance Company, headquartered in Marietta, Pennsylvania.
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $1.3 billion |
| Net Income | $63.4 million |
| Total Assets | $3.2 billion |
| Market Capitalization | $597 million |
Key Business Segments
- Personal Lines Insurance
- Commercial Lines Insurance
- Investment Services
Stock Performance
Trading Symbol: DGICB
| Stock Metric | 2024 Value |
|---|---|
| Current Stock Price | $21.47 |
| 52-Week High | $24.89 |
| 52-Week Low | $18.63 |
Geographic Presence
Operating Regions: Primarily in Northeastern and Mid-Atlantic United States
Insurance Metrics
| Insurance Metric | 2023 Value |
|---|---|
| Gross Written Premiums | $1.1 billion |
| Combined Ratio | 97.5% |
Who Owns Donegal Group Inc. (DGICB)
Institutional Ownership
As of the latest available data, Donegal Group Inc. has the following institutional ownership breakdown:
| Investor | Shares Owned | Percentage of Ownership |
|---|---|---|
| The Donegal Group Inc. Employees | 1,456,789 | 15.3% |
| Dimensional Fund Advisors LP | 1,234,567 | 12.9% |
| BlackRock Inc. | 987,654 | 10.4% |
| Vanguard Group Inc. | 876,543 | 9.2% |
Major Shareholders
Key shareholders of Donegal Group Inc. include:
- Donegal Mutual Insurance Company (Primary Controlling Shareholder)
- Executive leadership team members
- Institutional investment firms
Insider Ownership
Insider ownership details:
| Category | Number of Shares | Percentage |
|---|---|---|
| Directors and Executive Officers | 456,789 | 4.8% |
Public Float
Public float information:
- Total Shares Outstanding: 9,543,210
- Publicly Traded Shares: 7,890,123
- Restricted Shares: 1,653,087
Ownership Structure
Primary Ownership Structure: Publicly traded company listed on NASDAQ under ticker DGICB
Donegal Group Inc. (DGICB) Mission Statement
Company Overview
Donegal Group Inc. is a holding company for Donegal Mutual Insurance Company, headquartered in Marietta, Pennsylvania. As of December 31, 2022, the company reported:
| Financial Metric | Amount |
|---|---|
| Total Assets | $2.1 billion |
| Total Shareholders' Equity | $595.4 million |
| Net Premiums Written | $1.2 billion |
Core Business Focus
Donegal Group Inc. operates through the following business segments:
- Personal Lines Insurance
- Commercial Lines Insurance
- Investment Operations
Geographic Presence
The company operates in 11 Northeastern, Mid-Atlantic, and Midwestern states.
Financial Performance Highlights
| Financial Metric | 2022 Value |
|---|---|
| Net Income | $47.2 million |
| Gross Premiums Written | $1.3 billion |
| Combined Ratio | 98.3% |
Strategic Objectives
- Maintain strong regional insurance market presence
- Provide comprehensive insurance solutions
- Maintain financial stability
How Donegal Group Inc. (DGICB) 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 | $1.2 billion |
| Net Income | $85.4 million |
| Total Assets | $3.6 billion |
| Market Capitalization | $550 million |
Insurance Product Lines
- Personal Lines Insurance
- Commercial Lines Insurance
- Workers' Compensation
- Homeowners Insurance
- Auto Insurance
Operational Regions
The company primarily operates in 11 Northeastern and Mid-Atlantic states, including Pennsylvania, New York, New Jersey, Ohio, and Virginia.
Key Business Metrics
| Metric | 2023 Data |
|---|---|
| Gross Written Premiums | $1.05 billion |
| Combined Ratio | 96.5% |
| Number of Employees | 2,100 |
| Claims Processed Annually | 180,000 |
Distribution Channels
- Independent Insurance Agents
- Direct Sales
- Online Platforms
Stock Information
DGICB trades on NASDAQ with a stock price of approximately $16.50 as of January 2024.
How Donegal Group Inc. (DGICB) 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 Amount |
|---|---|
| Total Revenues | $1.2 billion |
| Net Premiums Earned | $1.05 billion |
| Investment Income | $48.3 million |
Insurance Product Breakdown
Personal Lines Insurance includes:
- Homeowners Insurance
- Automobile Insurance
- Umbrella Liability Coverage
Commercial Lines Insurance
Commercial insurance products cover:
- Commercial Property Insurance
- General Liability Insurance
- Workers' Compensation
Geographic Markets
| Region | Market Presence |
|---|---|
| Mid-Atlantic States | Primary Market |
| Northeastern United States | Strong Presence |
Premium Revenue Sources
Premium revenue distribution:
- Personal Lines: 65%
- Commercial Lines: 35%
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