Donegal Group Inc. (DGICA)

Donegal Group Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Year	2023	2022	2021	2020	2019
Net Income	4.43	-1.96	25.25	52.82	47.15
Depreciation & Amortization	4.33	4.84	5.84	6.72	5.57
Other Operating Activities	19.87	64.23	45.64	41.6	23.63
Operating Cash Flow	28.62	67.11	76.73	101.13	76.36
Operating Cash Flow Growth	-57.35%	-12.54%	-24.13%	32.44%	19.73%
Capital Expenditures	-0.04	0.03	1.22	-0.09	-0.15
Acquisitions	0	0	0	0	33.92
Change in Investments	-16.66	-98.53	-63.42	-99.59	-77.15
Investing Cash Flow	-16.71	-98.5	-62.2	-99.68	-43.38
Dividends Paid	-21.89	-20.5	-19.1	-16.98	-16.09
Share Issuance / Repurchase	8.65	19.3	14.18	19.29	4.83
Debt Issued / Paid	0	0	-55	50	-25
Financing Cash Flow	-13.25	-1.2	-59.92	52.32	-36.26
Net Cash Flow	-1.33	-32.59	-45.38	53.78	-3.28
Free Cash Flow	28.58	67.14	77.96	101.04	76.21
Free Cash Flow Growth	-57.43%	-13.88%	-22.85%	32.59%	19.69%
Free Cash Flow Margin	3.08%	7.92%	9.55%	12.99%	9.38%
Free Cash Flow Per Share	0.86	2.07	2.49	3.39	2.66

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).