Donegal group inc (DGICB)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Revenues:
Net premiums earned

756,078

741,290

702,514

656,204

605,640

556,497

515,291

475,002

431,470

378,030

355,025

Investment income, net of investment expenses

29,514

26,907

23,527

22,632

20,949

18,344

18,795

20,168

20,858

19,949

20,630

Net investment (losses) gains

21,984

-4,801

5,705

2,525

1,934

3,134

2,423

6,859

12,281

4,395

4,479

Lease income

443

480

500

670

750

855

849

953

957

922

-

Lease income

-

-

-

-

-

-

-

-

-

-

921

Installment payment fees

4,134

5,256

5,157

5,302

5,834

6,473

6,841

7,465

7,427

5,519

5,205

Equity in earnings of Donegal Financial Services Corporation

295

2,693

1,621

1,086

1,277

1,242

-

-

-

-

-

Equity in earnings of DFSC

-

-

-

-

-

-

2,907

-

-

-

-

Equity in earnings of Donegal Financial Services Corporation

-

-

-

-

-

-

-

4,533

2,023

-268

471

Total revenues

812,451

771,828

739,026

688,423

636,387

586,547

547,110

514,982

475,017

408,549

386,733

Expenses:
Net losses and loss expenses

506,387

576,458

487,268

423,315

398,366

388,401

343,127

332,871

340,502

274,308

250,835

Amortization of deferred policy acquisition costs

122,443

120,964

115,065

107,876

99,513

90,146

81,753

74,314

68,571

66,354

60,292

Other underwriting expenses

114,561

113,270

116,538

108,458

97,709

84,659

82,196

73,914

66,923

54,564

50,843

Policyholder dividends

8,978

5,353

5,014

4,373

3,862

2,795

1,909

1,342

1,240

619

848

Interest

1,579

2,302

1,593

1,657

1,111

1,516

1,635

2,358

2,126

799

1,746

Premium paid on purchase of treasury stock

-

-

-

-

5,780

-

-

-

-

-

-

Other expenses, net

1,420

1,717

1,432

1,412

2,451

2,745

3,777

2,322

2,392

2,059

1,490

Total expenses

755,370

820,065

726,912

647,094

608,794

570,264

514,399

487,124

481,756

398,705

366,056

Income before income tax (benefit) expense

57,081

-48,236

12,114

41,328

27,592

16,282

32,710

27,858

-

-

-

Income before income tax expense

-

-

-

-

-

-

-

-

-6,739

9,844

20,676

Income tax (benefit) expense

9,929

-15,476

4,998

10,527

6,602

1,743

6,388

4,765

-7,192

-1,623

1,846

Net income

47,151

-32,760

7,116

30,801

20,990

14,539

26,321

23,092

452

11,467

18,830

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

47,151

-32,760

7,116

30,801

20,990

14,539

26,321

23,092

452

11,467

18,830

Unrealized gain (loss) on securities:
Unrealized holding gain (loss) arising during the period, net of income tax expense (benefit) of $3,947,082, ($1,865,948) and $1,964,385

14,848

-7,019

3,811

-1,386

-3,322

9,734

-27,107

9,171

23,077

3,544

16,249

Reclassification adjustment for (gains) losses included in net income (loss), net of income tax expense (benefit) of $30,920, ($104,841) and $1,939,787

116

-394

3,765

1,641

1,257

2,068

-

-

-

-

-

Reclassification adjustment for gains included in net income, net of income tax of $677,048, $1,065,588 and $823,970

-

-

-

-

-

-

1,599

-4,527

-

-

-

Reclassification adjustment for gains included in net income, net of income tax of $823,970 $2,332,209 and $4,175,631

-

-

-

-

-

-

-

-

-8,105

2,901

-2,956

Other comprehensive income (loss)

14,732

-6,625

45

-3,028

-4,579

7,666

-28,707

4,644

14,972

-6,445

-

Other comprehensive income (loss)

-

-

-

-

-

-

-

-

-

-

-13,293

Comprehensive income (loss)

61,883

-39,385

7,161

27,773

16,410

22,205

-2,385

27,737

15,425

5,021

32,123

Class A Common Stock [Member]
Common stock - Basic

1.68

-1.18

0.27

1.19

-

-

-

-

-

-

-

Common stock - Diluted

1.67

-1.18

0.26

1.16

-

-

-

-

-

-

-

Class B Common Stock [Member]
Common stock - Basic

1.51

-1.09

0.22

1.06

-

-

-

-

-

-

-

Common stock - Diluted

1.51

-1.09

0.22

1.06

-

-

-

-

-

-

-