DONEGAL GROUP (DGICA) Company Report

Donegal Group Inc. reported net income of $20.1 million, or $0.55 per diluted Class A share, for the third quarter of 2025, an increase from $16.8 million, or $0.51 per diluted Class A share, in the prior-year quarter.
Net premiums earned decreased 3.4% to $229.8 million in Q3 2025, while the combined ratio improved to 95.9% from 96.4% in Q3 2024.
The company's book value per share was $17.14 as of September 30, 2025, an increase from $15.22 a year prior.
Net premiums written decreased 5.4% for the third quarter of 2025, primarily due to a 15.9% decrease in personal lines premiums, partially offset by a 3.4% increase in commercial lines premiums.
Management noted that benign weather conditions contributed to the quarterly performance and anticipates modest declines in personal lines premiums through the remainder of 2025 and into 2026.

Oct 30, 2025, 10:30 AM

Donegal Group Inc. Announces Third Quarter and First Nine Months 2025 Results

DGICA

Earnings

Dividends

Donegal Group Inc. reported a 19.9% increase in net income to $20.080 million for the third quarter of 2025, with diluted Net income per Class A share rising 7.8% to $0.55. For the first nine months of 2025, net income surged 131.4% to $62.152 million, and diluted Net income per Class A share increased 112.3% to $1.72.
The company's GAAP combined ratio improved to 95.9% in the third quarter of 2025 from 96.4% in the prior-year quarter, and to 95.1% for the first nine months of 2025 from 100.6% in the prior-year period, partly due to lower weather-related losses.
Book value per share increased to $17.14 as of September 30, 2025, from $15.22 at September 30, 2024.
Management highlighted strong renewal price increases and solid retention in commercial lines, while in personal lines, a focus on profitability and ongoing systems transformation is expected to result in modest premium declines through 2025 and 2026.
A regular quarterly cash dividend of $0.1825 per share for Class A common stock and $0.165 per share for Class B common stock was declared on October 16, 2025, payable on November 17, 2025.