← DONEGAL GROUP INC
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $30.8m | $7.1m | ($32.8m) | $47.2m | $52.8m | $25.3m | ($2.0m) | $4.4m | $50.9m | $79.3m | — | |
| Depreciation and amortization | $6.6m | $6.1m | $6.6m | $5.6m | $6.7m | $5.8m | $4.8m | $4.3m | $3.9m | $3.1m | $2.5m | |
| Deferred Policy Acquisition Costs, Amortization Expense | $107.9m | $115.1m | $121.0m | $122.4m | $119.1m | $128.7m | $142.4m | $154.2m | $160.3m | $152.8m | — | |
| Depreciation | $743k | $479k | $480k | $282k | $257k | $209k | $174k | $166k | $153k | $150k | $2.5m | |
| Share-based Payment Arrangement, Expense | $2.5m | $2.0m | $1.7m | $1.4m | $1.1m | $966k | $819k | $877k | $981k | $1.0m | — | |
| Other Nonoperating Income (Expense) | $2.9m | $2.6m | $1.7m | $1.6m | — | — | — | — | — | — | — | |
| Change In Working Capital | — | — | — | — | — | — | $54.0m | $23.0m | $17.7m | ($11.6m) | ($12.9m) | |
| Change In Receivables | — | — | — | — | — | — | ($6.1m) | $8.2m | $19.2m | $22.5m | ($24.5m) | |
| Changes In Account Receivables | — | — | — | — | — | — | ($6.1m) | $8.2m | $19.2m | $22.5m | ($24.5m) | |
| Change In Payables And Accrued Expense | — | — | — | — | — | — | $6.8m | ($2.1m) | ($11.9m) | $3.6m | ($1.3m) | |
| Liability for Unpaid Claims and Claims Adjustment Expense, Incurred Claims | $423.3m | $487.3m | $576.5m | $506.4m | $459.8m | $520.7m | $564.1m | $609.2m | $604.1m | $564.3m | — | |
| Change In Accrued Expense | — | — | — | — | — | — | $198k | ($279k) | ($1.0m) | ($696k) | ($650k) | |
| Net Cash Provided by (Used in) Operating Activities | $60.0m |
$81.0m
+34.93%
|
$63.8m
-21.26%
|
$76.4m
+19.73%
|
$101.1m
+32.44%
|
$76.7m
-24.13%
|
$67.1m
-12.54%
|
$28.6m
-57.35%
|
$67.4m
+135.61%
|
$70.2m
+4.09%
|
$58.4m
-16.82%
|
|
| Cash flows from investing activities: | ||||||||||||
| Capital Expenditure | — | — | — | — | — | — | — | ($45k) | — | ($425) | ($425) | |
| Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale | $82.6m | $99.5m | $105.3m | $119.1m | $172.1m | $165.9m | $75.8m | $58.3m | $116.6m | $148.6m | — | |
| Unrealized Gain (Loss) on Investments | ($103k) | $112k | ($387k) | — | — | — | — | — | — | — | — | |
| Net Cash Provided by (Used in) Investing Activities | ($51.3m) | ($58.4m) | ($37.6m) | ($43.4m) | ($99.7m) | ($62.2m) | ($98.5m) | ($16.7m) | ($48.0m) | ($91.1m) | ($74.1m) | |
| Cash flows from financing activities: | ||||||||||||
| Issuance Of Debt | — | — | — | — | — | $0 | $0 | — | — | — | $0 | |
| Long Term Debt Payments | — | — | — | — | — | ($5.0m) | $0 | $0 | — | — | — | |
| Net Issuance Payments Of Debt | — | — | — | — | — | ($55.0m) | $0 | $0 | — | — | — | |
| Net Short Term Debt Issuance | — | — | — | — | — | ($50.0m) | $0 | $0 | — | — | — | |
| Repayment Of Debt | — | — | — | — | — | ($55.0m) | $0 | $0 | — | — | — | |
| Short Term Debt Issuance | — | — | — | — | — | $0 | $0 | — | — | — | $0 | |
| Short Term Debt Payments | — | — | — | — | — | ($50.0m) | $0 | $0 | — | — | — | |
| Payments of Ordinary Dividends, Common Stock | $14.1m | $14.8m | $15.7m | $16.1m | $17.0m | $19.1m | $20.5m | $21.9m | $22.7m | $25.7m | ($26.8m) | |
| Proceeds from Issuance of Common Stock | $13.8m | $15.5m | $3.2m | $4.8m | $19.3m | $14.2m | $19.3m | $8.6m | $32.4m | $20.5m | $8.8m | |
| Common Stock Dividend Paid | — | — | — | — | — | — | ($20.5m) | ($21.9m) | ($22.7m) | ($25.7m) | ($26.8m) | |
| Common Stock Issuance | — | — | — | — | — | — | $19.3m | $8.6m | $32.4m | $20.5m | $8.8m | |
| Issuance Of Capital Stock | — | — | — | — | — | — | $19.3m | $8.6m | $32.4m | $20.5m | $8.8m | |
| Dividends Payable | $3.6m | $3.8m | $3.9m | $4.1m | $4.4m | $4.9m | $5.3m | $5.6m | $6.0m | $6.6m | — | |
| Cash Dividends Paid | — | — | — | — | — | — | ($20.5m) | ($21.9m) | ($22.7m) | ($25.7m) | ($26.8m) | |
| Net Cash Provided by (Used in) Financing Activities | ($12.3m) |
($9.3m)
+24.08%
|
($11.4m)
-22.54%
|
($36.3m)
-217.80%
|
$52.3m
+244.29%
|
($59.9m)
-214.53%
|
($1.2m)
+98.00%
|
($13.2m)
-1006.08%
|
$9.7m
+173.46%
|
($5.2m)
-153.49%
|
($18.0m)
-246.63%
|
|
| Beginning Cash Position | — | — | — | — | — | — | $57.7m | $25.1m | $23.8m | $52.9m | $57.4m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | — | — | $57.7m | $25.1m | $23.8m | $52.9m | $26.8m | $23.7m | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $1.4m | $1.3m | $1.3m | $322k | $1.2m | $1.2m | $624k | $619k | $969k | $1.4m | — | |
| Income Taxes Paid, Net | $7.3m | $3.0m | ($3.3m) | ($9.8m) | $12.8m | $6.2m | $4.5m | $0 | $3.5m | $22.7m | — | |
| Additional Financial Items | ||||||||||||
| Goodwill | $5.6m | $5.6m | $5.6m | $5.6m | $5.6m | $5.6m | $5.6m | $5.6m | $5.6m | $5.6m | — | |
| Income Tax Expense (Benefit) | $10.5m | $5.0m | ($15.5m) | $9.9m | $10.5m | $5.1m | ($1.7m) | $638k | $11.5m | $18.3m | — | |
| Operating Lease, Lease Income | — | — | — | — | — | $431k | $383k | $346k | $314k | $302k | — | |
| Proceeds from Stock Options Exercised | — | $13.4m | $1.1m | $2.9m | $17.5m | $12.3m | $17.4m | $6.8m | $30.7m | $18.9m | — | |
| Realized Investment Gains (Losses) | $2.5m | $5.7m | ($4.8m) | $22.0m | $2.8m | $6.5m | ($10.2m) | $3.2m | $5.0m | $619k | — | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | ($1.2m) | ($13.2m) | $9.7m | ($5.2m) | ($18.0m) | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | ($98.5m) | ($16.7m) | ($48.0m) | ($91.1m) | ($74.1m) | |
| Change In Account Payable | — | — | — | — | — | — | ($450k) | $5.3m | ($4.4m) | ($861k) | ($1.3m) | |
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | ($32.6m) | ($1.3m) | $29.1m | ($26.1m) | — | |
| Change In Other Working Capital | — | — | — | — | — | — | ($5.4m) | $1.1m | $8.7m | ($4.4m) | $3.5m | |
| Change In Payable | — | — | — | — | — | — | $6.6m | ($1.8m) | ($10.9m) | $4.2m | ($1.3m) | |
| Change In Prepaid Assets | — | — | — | — | — | — | $16.3m | ($8.1m) | ($7.4m) | $5.1m | ($15.2m) | |
| Changes In Cash | — | — | — | — | — | — | ($32.6m) | ($1.3m) | $29.1m | ($26.1m) | ($33.7m) | |
| End Cash Position | — | — | — | — | — | — | $25.1m | $23.8m | $52.9m | $26.8m | $23.7m | |
| Financing Cash Flow | — | — | — | — | — | — | ($1.2m) |
($13.2m)
-1006.08%
|
$9.7m
+173.46%
|
($5.2m)
-153.49%
|
($18.0m)
-246.63%
|
|
| Free Cash Flow | — | — | — | — | — | — | $67.1m | $28.6m | $67.4m | $70.2m | $58.4m | |
| Gain Loss On Investment Securities | — | — | — | — | — | — | $10.2m | ($3.2m) | ($5.0m) | ($619k) | ($2.3m) | |
| Investing Cash Flow | — | — | — | — | — | — | ($98.5m) | ($16.7m) | ($48.0m) | ($91.1m) | ($74.1m) | |
| Net Investment Purchase And Sale | — | — | — | — | — | — | ($98.5m) | ($16.7m) | ($48.0m) | ($91.1m) | ($74.1m) | |
| Net PPE Purchase And Sale | — | — | — | — | — | — | $28k | ($45k) | $743 | ($425) | $0 | |
| Operating Gains Losses | — | — | — | — | — | — | $10.2m | ($3.2m) | ($5.0m) | ($619k) | ($2.3m) | |
| Purchase Of Investment | — | — | — | — | — | — | ($287.4m) | ($180.8m) | ($213.1m) | ($475.0m) | ($479.5m) | |
| Sale Of Investment | — | — | — | — | — | — | $188.9m | $164.1m | $165.1m | $383.9m | $405.4m | |
| Sale Of PPE | — | — | — | — | — | $1.2m | $28k | — | — | — | — |