DONEGAL GROUP INC
For the period ended Dec 31, 2023. Filed Mar 6, 2024.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Mar 6, 2024
DGICB$27.35+6.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Stockholders’ Equity
| Common Stock | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Class A Shares | Class B Shares | Class A Amount | Class B Amount | Additional Paid-In Capital | Accumulated Other Comprehensive Income (Loss) | Retained Earnings | Treasury Stock | Total Stockholders’ Equity | |
| Balance, January 1, 2021 | 27,651,774 | 5,649,240 | $276,518 | $56,492 | $289,149,567 | $11,130,612 | $258,387,288 | $(41,226,357) | $517,774,120 |
| Issuance of common stock (stock compensation plans) | 157,783 | 1,578 | 2,161,142 | 2,162,720 | |||||
| Stock-based compensation | 946,646 | 9,466 | 13,260,855 | 13,270,321 | |||||
| Net income | 25,254,174 | 25,254,174 | |||||||
| Cash dividends | (19,578,187) | (19,578,187) | |||||||
| Grant of stock options | 317,917 | (317,917) | — | ||||||
| Other comprehensive loss | (7,847,061) | (7,847,061) | |||||||
| Balance, December 31, 2021 | 28,756,203 | 5,649,240 | $287,562 | $56,492 | $304,889,481 | $3,283,551 | $263,745,358 | $(41,226,357) | $531,036,087 |
| Issuance of common stock (stock compensation plans) | 161,254 | 1,613 | 2,122,277 | 2,123,890 | |||||
| Stock-based compensation | 1,202,806 | 12,028 | 18,252,148 | 18,264,176 | |||||
| Net loss | (1,959,405) | (1,959,405) | |||||||
| Cash dividends | (20,884,438) | (20,884,438) | |||||||
| Grant of stock options | 337,741 | (337,741) | — | ||||||
| Other comprehensive loss | (44,987,298) | (44,987,298) | |||||||
| Balance, December 31, 2022 | 30,120,263 | 5,649,240 | $301,203 | $56,492 | $325,601,647 | $(41,703,747) | $240,563,774 | $(41,226,357) | $483,593,012 |
| Issuance of common stock (stock compensation plans) | 150,426 | 1,504 | 2,081,186 | 2,082,690 | |||||
| Stock-based compensation | 493,866 | 4,939 | 7,683,782 | 7,688,721 | |||||
| Net income | 4,425,504 | 4,425,504 | |||||||
| Cash dividends | (22,166,694) | (22,166,694) | |||||||
| Grant of stock options | 327,863 | (327,863) | — | ||||||
| Cumulative effect of adoption of updated guidance for credit losses at January 1, 2023 | (1,895,902) | (1,895,902) | |||||||
| Reclassification of held-to-maturity transfer | 2,803,902 | (2,803,902) | — | ||||||
| Other comprehensive income | 6,018,023 | 6,018,023 | |||||||
| Balance, December 31, 2023 | 30,764,555 | 5,649,240 | $307,646 | $56,492 | $335,694,478 | $(32,881,822) | $217,794,917 | $(41,226,357) | $479,745,354 |
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Index
Consolidated Statements of Cash Flows
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.