Education
About Us
Working with TipRanks
Follow Us
Donegal Group (DGICA)
NASDAQ:DGICA
Earnings Data
Report Date
Apr 23, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.64Last Year’s EPS
0.72Same Quarter Last Year
Based on 1 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized strong full-year financial results and several strategic achievements — notably a record $79.3M net income (up 56%), improved full-year combined ratio (95.4% vs 98.6%), meaningful investment income and yield enhancements, progress on technology modernization, and disciplined commercial rate gains. Offsetting these positives were material declines in personal lines premiums (NPW down ~13.6% for the year), elevated Q4 weather and large-fire impacts, some adverse reserve development in specific commercial lines, a Q4 increase in the expense ratio driven by higher agency incentives and lower premium volume, and a Q4 drop in quarterly net income versus 2024. Overall, the company presents strong underlying profitability and balance-sheet gains, while acknowledging the need to restore quality premium growth and manage specific loss drivers.Company Guidance
Record Full-Year Net Income
Net income for full year 2025 was $79,300,000, the highest in company history, a 56% increase versus $50,900,000 in 2024.
Strong Investment Performance and Portfolio Positioning
Net investment income rose 17.2% for the full year to $52,600,000 (quarter up 17.5% to $14,200,000). Average tax-equivalent yield for the quarter increased to 3.95% from 3.58% prior-year quarter. Executed $155,000,000 of bond swaps reinvested at an average 5.17% (140 bps improvement), projected to boost annual investment income by ~$2,200,000. Reinvestment rate ~5.25%, portfolio cash flow ~ $100,000,000 with current average yield 4.4%. Book value increased to $17.33, up 12.8% from $15.36.
Underwriting Improvement and Better Combined Ratio (Full Year)
Full-year combined ratio improved to 95.4% from 98.6% in 2024. Loss ratio improved to 61.3% from 64.5% (core loss ratio improved 2.6 percentage points). Personal lines core loss ratio drove much of the improvement (7.2 percentage points improvement). Company achieved six consecutive quarters of underwriting profitability. Personal lines statutory combined ratio was 88.5% for Q4 and 89.3% for the full year.
Commercial Lines Growth and Pricing Discipline
Commercial net premiums written increased 3.2% in Q4 and 2.9% for the full year. Commercial rate and exposure increases (ex-WC) were 9.7% in Q4 and 10.6% for the full year, with new business targeted to higher-profit classes and geographies.
Progress on Technology Modernization
Completed development phase of multiyear legacy replacement; phased automated conversion of legacy policies on track for completion by mid-2027. Planned migration of Guidewire claims/billing/policy to Guidewire Cloud in early 2027 to leverage GenAI and cloud capabilities.
High Retention and Reinsurance Benefit
Real retention rate improved to 88.7% in Q4. Management renewed reinsurance program with no coverage changes and projects a $3,000,000 decrease in reinsurance cost for 2026.
DGICA Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
DGICA Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 19, 2026 | $18.61 | $17.56 | -5.64% |
Oct 30, 2025 | $18.23 | $18.02 | -1.13% |
Jul 24, 2025 | $17.97 | $16.86 | -6.16% |
Apr 24, 2025 | $17.83 | $18.79 | +5.39% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Donegal Group (DGICA) report earnings?
Donegal Group (DGICA) is schdueled to report earning on Apr 23, 2026, After Close (Confirmed).
What is Donegal Group (DGICA) earnings time?
Donegal Group (DGICA) earnings time is at Apr 23, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is DGICA EPS forecast?
DGICA EPS forecast for the fiscal quarter 2026 (Q1) is 0.64.