DONEGAL GROUP INC
For the period ended Dec 31, 2024. Filed Mar 10, 2025.
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FY2024 · Filed Mar 10, 2025
DGICB$25.74-5.0%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets
Balance Sheets
| December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Assets | ||
| Investments | ||
| Fixed maturities | ||
| Held to maturity, at amortized cost (fair value $631,568,929 and $611,526,338; net of allowance for expected credit losses of $1,388,240 and $1,325,847) | $705,713,916 | $679,497,038 |
| Available for sale, at fair value (amortized cost $652,564,965 and $629,727,513) | 617,891,862 | 589,348,243 |
| Equity securities, at fair value | 36,807,810 | 25,902,956 |
| Short-term investments, at cost, which approximates fair value | 24,558,744 | 32,305,408 |
| Total investments | 1,384,972,332 | 1,327,053,645 |
| Cash | 52,925,931 | 23,792,273 |
| Accrued investment income | 10,361,959 | 9,945,714 |
| Premiums receivable | 181,106,519 | 179,591,821 |
| Reinsurance receivable (net of allowance for expected credit losses of $391,432 and $1,394,074) | 420,741,855 | 441,431,334 |
| Deferred policy acquisition costs | 73,346,967 | 75,043,404 |
| Deferred tax asset, net | 18,769,861 | 19,532,525 |
| Prepaid reinsurance premiums | 176,161,872 | 168,724,465 |
| Property and equipment, net | 2,479,183 | 2,633,405 |
| Accounts receivable - securities | 24,924 | 1,501,079 |
| Federal income taxes recoverable | — | 8,102,321 |
| Due from affiliate | 8,410,090 | 1,907,527 |
| Goodwill | 5,625,354 | 5,625,354 |
| Other intangible assets | 958,010 | 958,010 |
| Other | 147,126 | 451,011 |
| Total assets | $2,336,031,983 | $2,266,293,888 |
| Liabilities and Stockholders’ Equity | ||
| Liabilities | ||
| Losses and loss expenses | $1,120,985,050 | $1,126,156,838 |
| Unearned premiums | 612,476,068 | 599,411,468 |
| Accrued expenses | 2,916,705 | 3,946,974 |
| Reinsurance balances payable | 4,345,426 | 8,758,976 |
| Borrowings under lines of credit | 35,000,000 | 35,000,000 |
| Cash dividends declared to stockholders | 6,031,078 | 5,569,992 |
| Federal income taxes payable | 356,103 | — |
| Other | 8,145,422 | 7,704,286 |
| Total liabilities | 1,790,255,852 | 1,786,548,534 |
| Stockholders’ Equity | ||
| Preferred stock, $0.01 par value, authorized 2,000,000 shares; none issued | — | — |
| Class A common stock, $0.01 par value, authorized 50,000,000 shares, issued 32,954,347 and 30,764,555 shares and outstanding 29,951,759 and 27,761,967 shares | 329,544 | 307,646 |
| Class B common stock, $0.01 par value, authorized 10,000,000 shares, issued 5,649,240 shares and outstanding 5,576,775 shares | 56,492 | 56,492 |
| Additional paid-in capital | 369,679,946 | 335,694,478 |
| Accumulated other comprehensive loss | (28,200,481) | (32,881,822) |
| Retained earnings | 245,136,987 | 217,794,917 |
| Treasury stock, at cost | (41,226,357) | (41,226,357) |
| Total stockholders’ equity | 545,776,131 | 479,745,354 |
| Total liabilities and stockholders’ equity | $2,336,031,983 | $2,266,293,888 |
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Index
Consolidated Statements of Income (Loss) and
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