Filing Flows › Donegal Group (DGICA) › Q4 2025
Donegal Group (DGICA) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 6, 2026
Donegal Group (DGICA) reported revenue of $240M for the fourth quarter 2025 (Q4 2025), -4% from a year earlier and -2% from the quarter before. Operating margin was 8.7%, net earnings $17.2M (7.2% of revenue).
Donegal Group, Q4 2025: revenue $240M (-4% year over year), operating margin 8.7%, net earnings $17.2M, operating cash flow $10.0M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $240M | -2% | -4% |
| Operating profit | $21.0M | -16% | -29% |
| Net earnings | $17.2M | -14% | -28% |
| Operating cash flow | $10.0M | -55% | -65% |
What changed
Revenue was $240.1M in Q4 2025, down 4% year over year and down 2% from the previous quarter.
Operating profit was $21.0M, a 8.7% margin (down 3.1 points year over year). Total costs fell 1% while revenue fell 4%. Net earnings were $17.2M, down 28% year over year. The effective tax rate was 18.0%.
Operating cash flow was $10.0M (down 65% year over year), 58% of net earnings. Non-cash charges added back $425K of depreciation and amortization and $107K of share-based compensation. Working capital and other items used $7.8M.
Questions
What was Donegal Group's revenue in the fourth quarter 2025?
Donegal Group (DGICA) reported revenue of $240M for the fourth quarter 2025 (Q4 2025), -4% from a year earlier and -2% from the quarter before.
Was Donegal Group profitable in the fourth quarter 2025?
Operating profit was $21.0M (8.7% of revenue) and net earnings $17.2M.
Source: Donegal Group 10-K on SEC EDGAR.