Filing Flows › Donegal Group (DGICA) › Q3 2025
Donegal Group (DGICA) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 4, 2025
Donegal Group (DGICA) reported revenue of $246M for the third quarter 2025 (Q3 2025), -2% from a year earlier and -0.5% from the quarter before. Operating margin was 10.2%, net earnings $20.1M (8.2% of revenue).
Donegal Group, Q3 2025: revenue $246M (-2% year over year), operating margin 10.2%, net earnings $20.1M, operating cash flow $22.4M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $246M | -0.5% | -2% |
| Operating profit | $25.0M | +23% | +23% |
| Net earnings | $20.1M | +19% | +20% |
| Operating cash flow | $22.4M | +84% | +75% |
What changed
Revenue was $245.9M in Q3 2025, down 2% year over year and roughly flat from the previous quarter.
Operating profit was $25.0M, a 10.2% margin (up 2.1 points year over year). Total costs fell 5% while revenue fell 2%. Net earnings were $20.1M, up 20% year over year. The effective tax rate was 19.8%.
Operating cash flow was $22.4M (up 75% year over year), 111% of net earnings. Non-cash charges added back $717K of depreciation and amortization and $296K of share-based compensation. Working capital and other items added $1.3M.
Questions
What was Donegal Group's revenue in the third quarter 2025?
Donegal Group (DGICA) reported revenue of $246M for the third quarter 2025 (Q3 2025), -2% from a year earlier and -0.5% from the quarter before.
Was Donegal Group profitable in the third quarter 2025?
Operating profit was $25.0M (10.2% of revenue) and net earnings $20.1M.
Source: Donegal Group 10-Q on SEC EDGAR.