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Donegal Group vs Heritage Insurance Holdings: DGICA and HRTG compared
Donegal Group is the larger company: $238M of revenue in its latest quarter (Q3 2026) against $219M for Heritage Insurance Holdings (Q3 2026). Heritage Insurance Holdings is growing faster (+3% against -3% a year earlier). Heritage Insurance Holdings is more profitable, with an operating margin of 31.6% against 9.3%.
Where the money goes: DGICA and HRTG
Donegal Group (DGICA) · Q3 2026
Donegal Group, Q3 2026: revenue $238M (-3% year over year), operating margin 9.3%, net earnings $18.2M, operating cash flow $14.9M. The chart follows the revenue to costs, profit and cash.
Heritage Insurance Holdings (HRTG) · Q3 2026
Heritage Insurance Holdings, Q3 2026: revenue $219M (+3% year over year), operating margin 31.6%, net earnings $51.1M, operating cash flow $9.6M. The chart follows the revenue to costs, profit and cash.
| Donegal Group (DGICA) | Heritage Insurance Holdings (HRTG) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $238M | $219M |
| Revenue growth, Y/Y | -3% | +3% |
| Operating margin | 9.3% | 31.6% |
| Net earnings | $18.2M | $51.1M |
| Net margin | 7.6% | 23.3% |
| Operating cash flow | $14.9M | $9.6M |
| Free cash flow | — | $9.5M |
Questions
Which is bigger, Donegal Group or Heritage Insurance Holdings?
Donegal Group is the larger company: $238M of revenue in its latest quarter (Q3 2026) against $219M for Heritage Insurance Holdings (Q3 2026).
Is Donegal Group or Heritage Insurance Holdings growing faster?
Heritage Insurance Holdings is growing faster (+3% against -3% a year earlier).
Which is more profitable, Donegal Group or Heritage Insurance Holdings?
Heritage Insurance Holdings is more profitable, with an operating margin of 31.6% against 9.3%.
More: Donegal Group earnings · how Donegal Group makes money · Heritage Insurance Holdings earnings · how Heritage Insurance Holdings makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 5, 2026; 10-Q filed Nov 6, 2026). Fiscal quarters can end on different dates. Not investment advice.