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Donegal Group (DGICA)
NASDAQ:DGICA
Earnings Data
Report Date
Apr 24, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.33Last Year’s EPS
0.13Same Quarter Last Year
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 20, 2025
|% Change Since: 2.70%
|Next Earnings Date:Apr 24, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted significant improvements in net income, combined ratios, and investment income, indicating strong operational performance. However, challenges such as strategic exits from certain geographies and unfavorable development in commercial auto were noted. Overall, the positive aspects outweighed the negatives.Company Guidance
During the Donegal Group's fourth quarter and full year 2024 earnings call, the company reported a net income of $24 million, marking its highest quarterly earnings. Net premiums earned grew by 4.6% to $236.6 million in the fourth quarter, while net premiums written decreased by 0.6%. The combined ratio improved significantly to 92.9%, down from 106.8% in the prior-year quarter, driven by a 9.5 percentage-point decrease in the core loss ratio. Weather-related losses were notably lower, contributing 3.3 percentage points to the loss ratio. The full-year loss ratio decreased to 64.5% from 69.1% in 2023, with a combined ratio of 98.6% compared to 104.4% in the prior year. The company achieved a 12.5% increase in net investment income for the fourth quarter and 10% for the full year, totaling $44.9 million. The expense ratio also saw improvement, decreasing to 32.8% in the fourth quarter and 33.7% for the full year. Donegal Group's strategic efforts in underwriting discipline and system modernization, along with rate increases, have set the stage for sustained financial performance and targeted growth in commercial lines for 2025.Record Quarterly Net Income
Fourth quarter 2024 net income of $24 million, the highest quarterly earnings in Donegal Group's history.
Combined Ratio Improvement
Fourth quarter 2024 combined ratio was 92.9%, improved from 106.8% in the prior-year quarter, driven by a decrease in core loss ratios.
Personal Lines Core Loss Ratio Improvement
Achieved a 16.7 percentage-point decrease in the personal lines core loss ratio for the fourth quarter of 2024.
Commercial Lines Core Loss Ratio Improvement
Achieved a 4.4 percentage-point decrease in the commercial lines core loss ratio for the fourth quarter of 2024.
Successful Rate Increases
Rate increases in double-digit percentages for all major lines of business except workers’ compensation, averaging 11% for the fourth quarter.
Investment Income Growth
Net investment income grew 12.5% in the fourth quarter, resulting in $12.1 million and a full year 10% growth to $44.9 million.
Expense Ratio Decrease
Fourth quarter 2024 expense ratio decreased to 32.8% from 34.1% in the prior-year quarter, contributing to a full year expense ratio of 33.7% for 2024.
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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
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DGICA Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 20, 2025 | $15.17 | $15.58 | +2.70% |
| Oct 24, 2024 | $14.21 | $15.43 | +8.59% |
| Jul 25, 2024 | $13.55 | $14.31 | +5.61% |
| Apr 25, 2024 | $13.35 | $13.20 | -1.12% |
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.
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FAQ
When does Donegal Group (DGICA) report earnings?
Donegal Group (DGICA) is schdueled to report earning on Apr 24, 2025, TBA Not Confirmed.
What is Donegal Group (DGICA) earnings time?
Donegal Group (DGICA) earnings time is at Apr 24, 2025, TBA Not 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 2025 (Q1) is 0.33.
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