Donegal group inc (DGICA)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Sep'10Jun'10
Revenues:
Net premiums earned

187,252

189,420

189,821

188,763

188,073

186,150

187,661

185,714

181,764

181,059

177,283

175,014

169,156

168,977

166,809

161,942

158,475

155,557

153,096

150,457

146,529

144,210

142,149

136,589

133,548

132,981

130,645

126,963

124,702

121,824

120,916

117,569

114,691

114,176

108,506

104,991

103,795

94,948

93,002

Investment income, net of investment expenses

7,376

7,787

7,389

7,289

7,048

7,566

6,620

6,342

6,378

6,142

5,979

5,649

5,755

6,161

5,581

5,343

5,546

5,444

5,399

5,157

4,948

4,815

4,299

4,614

4,615

4,684

4,624

4,670

4,815

5,444

4,715

4,919

5,089

5,165

5,041

5,420

5,230

4,709

4,968

Net investment (losses) gains

-10,694

2,690

-369

1,566

18,097

-8,863

3,463

1,517

-918

1,497

561

1,097

2,548

321

1,018

715

470

1,251

-754

390

1,046

837

351

2,034

-88

-520

349

1,253

1,340

1,708

1,312

1,528

2,309

5,133

2,458

4,316

373

2,460

1,965

Lease income

109

109

110

112

111

114

119

122

123

117

113

127

141

156

163

172

178

181

178

189

200

211

217

213

212

211

212

210

215

225

235

244

247

-

-

-

-

-

-

Lease income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

241

234

231

231

229

Installment payment fees

867

930

1,057

1,057

1,088

1,296

1,305

1,306

1,347

1,343

1,373

1,304

1,135

1,193

1,380

1,367

1,362

1,360

1,473

1,480

1,520

1,508

1,641

1,681

1,641

1,629

1,768

1,733

1,710

1,788

1,914

1,927

1,834

1,831

1,889

1,872

1,833

1,399

1,359

Equity in earnings of Donegal Financial Services Corporation

0

0

0

0

295

541

732

787

632

598

403

386

232

387

357

305

35

0

408

341

526

-

476

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Equity in earnings of Donegal Financial Services Corporation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

348

409

-

735

675

1,088

911

1,336

1,110

1,174

658

1,026

218

119

-

-

Total revenues

184,911

200,938

198,009

198,788

214,713

186,805

199,904

195,790

189,328

190,758

185,716

183,580

178,970

177,196

175,311

169,846

166,068

163,796

159,801

158,016

154,772

151,591

149,135

145,481

140,339

139,394

138,334

135,507

133,872

131,903

130,431

127,299

125,348

127,215

119,164

117,054

111,583

103,750

101,525

Expenses:
Net losses and loss expenses

117,246

121,026

130,743

131,507

123,110

143,395

140,726

135,753

156,583

130,442

114,386

128,005

114,433

113,368

111,174

103,193

95,578

102,354

102,233

97,839

95,939

101,877

91,003

97,887

97,632

83,192

84,882

89,519

85,533

87,771

82,105

86,385

76,609

93,815

89,411

84,195

73,079

67,401

68,509

Amortization of deferred policy acquisition costs

29,937

29,622

31,304

30,925

30,592

29,610

31,110

30,579

29,665

29,674

29,008

28,700

27,683

27,842

27,524

26,554

25,956

25,641

25,036

24,826

24,010

23,913

22,889

22,025

21,319

21,517

20,766

19,910

19,560

19,334

18,864

18,235

17,881

17,669

17,282

16,628

16,992

16,388

16,146

Other underwriting expenses

32,597

29,152

26,516

28,208

30,684

30,926

24,528

28,492

29,322

27,999

31,790

28,259

28,489

26,901

28,340

26,578

26,638

24,517

24,155

25,203

23,833

19,858

22,795

21,546

20,458

20,861

21,454

21,129

18,751

16,297

19,130

19,239

19,246

17,097

15,286

17,092

17,446

14,019

14,182

Policyholder dividends

1,842

2,212

2,446

1,969

2,349

1,787

1,050

1,213

1,302

1,591

1,376

1,212

834

1,643

1,143

754

831

1,370

886

687

917

859

933

607

394

637

456

340

475

542

401

109

289

710

223

98

207

220

65

Interest

224

267

443

303

565

619

651

566

464

380

466

382

363

371

473

403

408

202

188

390

330

339

368

443

365

382

431

333

487

573

584

630

570

595

528

558

443

183

168

Other expenses, net

560

264

251

337

566

112

560

518

526

396

176

416

442

233

226

315

637

746

301

676

726

599

531

652

962

553

828

1,412

982

361

473

584

903

531

490

552

818

502

581

Total expenses

182,408

182,545

191,705

193,251

187,868

206,451

198,627

197,123

217,863

190,484

177,203

186,977

172,246

170,360

168,882

157,801

150,050

160,613

152,800

149,623

145,757

147,449

138,521

143,162

141,132

127,144

128,820

132,645

125,789

124,880

121,558

125,184

115,500

130,420

123,222

119,126

108,987

98,715

99,654

Income before income tax (benefit) expense

2,503

18,393

6,304

5,537

26,845

-19,645

1,276

-1,333

-28,535

274

8,512

-3,396

6,724

6,835

6,429

12,045

16,018

3,182

7,000

8,393

9,015

-

10,613

-

-793

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income before income tax expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,319

-

-

9,514

2,862

8,083

-

8,872

2,115

9,847

-3,205

-4,058

-2,071

2,596

5,034

1,870

Income tax (benefit) expense

-1,227

4,239

1,118

749

3,821

-4,646

70

-543

-10,357

3,052

1,403

-1,077

1,620

1,280

1,615

3,461

4,169

1,198

1,314

1,928

2,160

-343

1,865

381

-158

2,686

1,860

233

1,607

802

2,033

92

1,837

-2,326

-4,878

-377

390

125

131

Net income

3,731

14,153

5,186

4,788

23,023

-14,998

1,206

-789

-18,178

-2,778

7,108

-2,318

5,104

5,554

4,813

8,584

11,848

1,983

5,686

6,465

6,854

4,486

8,748

1,938

-634

9,563

7,653

2,628

6,475

6,220

6,839

2,023

8,010

-878

819

-1,693

2,205

4,909

1,739

Earnings per common share:
Basic earnings (loss) per common share:
Diluted earnings (loss) per share:
Statements of Comprehensive Income (Loss)
Net income (loss)

3,731

14,153

5,186

4,788

23,023

-14,998

1,206

-789

-18,178

-2,778

7,108

-2,318

5,104

5,554

4,813

8,584

11,848

1,983

5,686

6,465

6,854

4,486

8,748

1,938

-634

9,563

7,653

2,628

6,475

6,220

6,839

2,023

8,010

-878

819

-1,693

2,205

4,909

1,739

Class A Common Stock [Member]
Common stock - Basic

-

-

0.19

0.17

-

-

0.04

-0.03

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Common stock - Diluted

-

-

0.18

0.17

-

-

0.04

-0.03

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

common stock - basic and diluted

0.13

-

-

0.17

0.82

-

-

-0.03

-0.66

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Class B Common Stock [Member]
Common stock - Basic

-

-

0.16

0.15

-

-

0.04

-0.03

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Common stock - Diluted

-

-

0.16

0.15

-

-

0.04

-0.03

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

common stock - basic and diluted

0.12

-

0.16

0.15

0.75

-

0.04

-0.03

-0.60

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-