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Donegal Group (DGICA) Q2 2025 earnings results (second quarter 2025)

10-Q filed Aug 5, 2025

Donegal Group (DGICA) reported revenue of $247M for the second quarter 2025 (Q2 2025), +0.2% from a year earlier and +0.8% from the quarter before. Operating margin was 8.3%, net earnings $16.9M (6.8% of revenue).

Revenue$247M
Year over year+0.2%
Quarter over quarter+0.8%
Operating margin8.3%
Net earnings$16.9M

Donegal Group, Q2 2025: revenue $247M (+0.2% year over year), operating margin 8.3%, net earnings $16.9M, operating cash flow $12.1M. The chart follows the revenue to costs, profit and cash.

Q2 2025AmountQ/QY/Y
Revenue$247M+0.8%+0.2%
Operating profit$20.4M-34%+307%
Net earnings$16.9M-33%+306%
Operating cash flow$12.1M-53%-44%

What changed

Revenue was $247.1M in Q2 2025, roughly flat year over year and up 1% from the previous quarter.

Operating profit was $20.4M, a 8.3% margin (up 6.2 points year over year). Of the extra revenue versus a year earlier, 4105% reached operating profit, above the 2% margin then. Total costs fell 6% while revenue was flat. Net earnings were $16.9M, up 306% year over year. The effective tax rate was 17.4%.

Operating cash flow was $12.1M (down 44% year over year), 72% of net earnings. Non-cash charges added back $912K of depreciation and amortization and $300K of share-based compensation. Working capital and other items used $5.9M.

Questions

What was Donegal Group's revenue in the second quarter 2025?

Donegal Group (DGICA) reported revenue of $247M for the second quarter 2025 (Q2 2025), +0.2% from a year earlier and +0.8% from the quarter before.

Was Donegal Group profitable in the second quarter 2025?

Operating profit was $20.4M (8.3% of revenue) and net earnings $16.9M.

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Source: Donegal Group 10-Q on SEC EDGAR.