Donegal Group Inc. (DGICA)

Donegal Group Cash Flow Statement

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

Operating Activities

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	79.34	50.86	4.43	-1.96	25.25
Depreciation & Amortization	3.08	3.87	4.33	4.84	5.84
Gain (Loss) on Sale of Investments	-0.62	-4.98	-3.17	10.18	-6.48
Change in Accounts Receivable	0.3	-1.51	-5.75	-4.98	0.73
Reinsurance Recoverable	22.16	20.69	13.96	-1.11	-46.5
Change in Unearned Revenue	-21.44	13.06	21.76	4.69	35.77
Change in Income Taxes	-4.38	8.46	0.41	-3.22	-2.2
Change in Deferred Taxes	0.19	-0.48	0.23	-2.96	1.1
Change in Insurance Reserves / Liabilities	-20.94	-5.17	5.11	43.43	115.61
Change in Other Net Operating Assets	8.69	-14.64	-16.07	23.79	-44.23
Operating Cash Flow	70.2	67.44	28.62	67.11	76.73
Operating Cash Flow Growth	4.09%	135.61%	-57.35%	-12.54%	-24.13%

Investing Activities

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Capital Expenditures	-0	-	-0.04	-	-
Sale of Property, Plant & Equipment	-	0	-	0.03	1.22
Investment in Securities	-91.13	-48.04	-16.66	-98.53	-63.42
Investing Cash Flow	-91.13	-48.04	-16.71	-98.5	-62.2

Financing Activities

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt Repaid	-	-	-	-	-55
Net Debt Issued (Repaid)	-	-	-	-	-55
Issuance of Common Stock	20.47	32.43	8.65	19.3	14.18
Common Dividends Paid	-25.67	-22.7	-21.89	-20.5	-19.1
Financing Cash Flow	-5.21	9.73	-13.25	-1.2	-59.92

Net Cash Flow

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Cash Flow	-26.14	29.13	-1.33	-32.59	-45.38

Free Cash Flow

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Free Cash Flow	70.2	67.44	28.58	67.11	76.73
Free Cash Flow Growth	4.09%	135.98%	-57.42%	-12.54%	-24.06%
Free Cash Flow Margin	7.18%	6.82%	3.08%	7.91%	9.40%
Free Cash Flow Per Share	1.91	1.99	0.86	2.10	2.47
Levered Free Cash Flow	35.35	69.23	62.59	15.31	103.84
Unlevered Free Cash Flow	36.19	69.82	62.98	15.7	104.4

Additional Metrics

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash Interest Paid	1.35	0.97	0.62	0.62	1.15
Cash Income Tax Paid	22.7	3.75	0.25	4.5	6.2
Change in Working Capital	-11.6	17.69	23.04	54.04	52.12

SEC Filings: 10-K · 10-Q

Data Source: S&P Global Market Intelligence Last updated: Sep 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Nov 3, 2026

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