DONEGAL GROUP INC
For the period ended Dec 31, 2025. Filed Mar 6, 2026.
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FY2025 · Filed Mar 6, 2026
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, | ||
|---|---|---|
| 2025 | 2024 | |
| Assets | ||
| Investments | ||
| Fixed maturities | ||
| Held to maturity, at amortized cost (fair value $731,659,323 and $631,568,929; net of allowance for expected credit losses of $1,312,903 and $1,388,240) | $776,447,347 | $705,713,916 |
| Available for sale, at fair value (amortized cost $650,370,011 and $652,564,965) | 640,722,775 | 617,891,862 |
| Equity securities, at fair value | 44,370,358 | 36,807,810 |
| Short-term investments, at cost, which approximates fair value | 38,712,341 | 24,558,744 |
| Total investments | 1,500,252,821 | 1,384,972,332 |
| Cash | 26,785,845 | 52,925,931 |
| Accrued investment income | 10,914,235 | 10,361,959 |
| Premiums receivable | 180,803,918 | 181,106,519 |
| Reinsurance receivable (net of allowance for expected credit losses of $374,883 and $391,432) | 398,582,136 | 420,741,855 |
| Deferred policy acquisition costs | 68,669,982 | 73,346,967 |
| Deferred tax asset, net | 13,287,301 | 18,769,861 |
| Prepaid reinsurance premiums | 171,083,219 | 176,161,872 |
| Property and equipment, net | 2,329,491 | 2,479,183 |
| Accounts receivable - securities | — | 24,924 |
| Federal income taxes recoverable | 4,028,034 | — |
| Due from affiliate | 3,299,188 | 8,410,090 |
| Goodwill | 5,625,354 | 5,625,354 |
| Other intangible assets | 958,010 | 958,010 |
| Other | 9,918 | 147,126 |
| Total assets | $2,386,629,452 | $2,336,031,983 |
| Liabilities and Stockholders’ Equity | ||
| Liabilities | ||
| Losses and loss expenses | $1,100,049,937 | $1,120,985,050 |
| Unearned premiums | 591,040,451 | 612,476,068 |
| Accrued expenses | 2,220,800 | 2,916,705 |
| Reinsurance balances payable | 3,484,130 | 4,345,426 |
| Borrowings under lines of credit | 35,000,000 | 35,000,000 |
| Cash dividends declared to stockholders | 6,647,482 | 6,031,078 |
| Federal income taxes payable | — | 356,103 |
| Other | 7,768,573 | 8,145,422 |
| Total liabilities | 1,746,211,373 | 1,790,255,852 |
| Stockholders’ Equity | ||
| Preferred stock, $.01 par value, authorized 2,000,000 shares; none issued | — | — |
| Class A common stock, $.01 par value, authorized 50,000,000 shares, issued 34,385,129 and 32,954,347 shares and outstanding 31,382,541 and 29,951,759 shares | 343,852 | 329,544 |
| Class B common stock, $.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 | 391,811,397 | 369,679,946 |
| Accumulated other comprehensive loss | (8,295,743) | (28,200,481) |
| Retained earnings | 297,728,438 | 245,136,987 |
| Treasury stock, at cost | (41,226,357) | (41,226,357) |
| Total stockholders’ equity | 640,418,079 | 545,776,131 |
| Total liabilities and stockholders’ equity | $2,386,629,452 | $2,336,031,983 |
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Index
Consolidated Statements of Income and
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