Donegal Group Full Year 2024 Earnings: EPS Beats Expectations

Simply Wall St

March 12, 2025

Donegal Group (NASDAQ:DGIC.A) Full Year 2024 Results

Key Financial Results

Revenue: US$989.6m (up 6.7% from FY 2023).
Net income: US$50.9m (up by US$46.4m from FY 2023).
Profit margin: 5.1% (up from 0.5% in FY 2023). The increase in margin was driven by higher revenue.
EPS: US$1.51 (up from US$0.13 in FY 2023).

DGIC.A Profitability Indicators

Combined ratio: 98.6% (down from 104.4% in FY 2023).

revenue-and-expenses-breakdown — NasdaqGS:DGIC.A Revenue and Expenses Breakdown March 12th 2025

All figures shown in the chart above are for the trailing 12 month (TTM) period

Donegal Group EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 44%.

The primary driver behind last 12 months revenue was the Commercial Lines segment contributing a total revenue of US$539.7m (55% of total revenue). Notably, cost of sales worth US$923.8m amounted to 93% of total revenue thereby underscoring the impact on earnings. The most substantial expense, totaling US$12.4m were related to Non-Operating costs. This indicates that a significant portion of the company's costs is related to non-core activities. Explore how DGIC.A's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 5.4% p.a. on average during the next 2 years, compared to a 5.4% growth forecast for the Insurance industry in the US.

Performance of the American Insurance industry.

The company's share price is broadly unchanged from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. See our latest analysis on Donegal Group's balance sheet health.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.