Donegal Group, Inc. (DGICA)
NASDAQFinancialsInsurance - Property & CasualtySnapshot 2026-09-04
$19.45+0.15%
Close 2026-09-04 · 1-day change
NASDAQFinancialsInsurance - Property & CasualtySnapshot 2026-09-04
QuarterlyIQ Insights · DGICA
What must go right, what could break, what the price assumes, and what evidence comes next.
The current health of the standing investment case.
Recent financial performance is holding in the top half of its industry — the reason to own it looks intact.
One-year growth currently built into the price, compared with our model's estimate.
| Measure | Marker shape | Value |
|---|---|---|
| Growth built into the price | circle | -29.0% |
| Our one-year growth estimate | diamond | -6.1% |
For each item: what to watch, what would become a concern, and what would make it less concerning.
A reporting-risk estimate, not a forecast of the stock-price response.
Historical relationships that met the evidence threshold. They do not prove cause or forecast a move.
No outside relationship met the current evidence threshold.
Based on historical daily prices through 2026-09-04.
Past price behavior in dollars on a $10,000 position. This does not measure permanent business risk.
How much price usually moves either way.
Use the underlying financial and sector pages to investigate the cause.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Growth built into the price is above our model estimate.
The price assumes 22.9 percentage points less one-year growth.
The one-year revenue growth assumption on Valuation.
Model as of 2026-09-04 · Compared with 33 industry peers
DGICA — legal / regulatory event — Changes in Registrant’s Certifying Accountant
Dated 2026-06-17
Changes in Registrant’s Certifying Accountant . (a) Dismissal of Independent Registered Public Accounting Firm On June 11, 2026, Donegal Group Inc. (the “Company”) informed KPMG LLP (“KPMG”) of its dismissal as the Company’s independent registered public accounting firm for the 2026 fiscal year, effective immediately. The change in the Company’s independent registered public accounting firm was approved by the Company’s Audit Committee. The reports of KPMG on the Company’s consolidated financ…
Why it matters: Management aims for modest premium growth. Trends in commercial and personal lines will show if this is being achieved.
Watch forCommercial lines net premiums written grow over 2.2% from last year.
Also watch forCommercial lines net premiums written fall or grow less than 2.2% year-over-year.
Why it matters: A drop in revenue growth would signal a slowdown in the financial sector. This could impact Donegal's performance.
Worry ifQ2 revenue growth falls below the median of the last three years.
Less concerning ifQ2 revenue growth remains at or above the median of the last three years.
Why it matters: The change in the accounting firm could affect trust in financial results. Investors will watch for any discrepancies.
Worry ifNew accountant issues a clean audit opinion for Q2 results.
Less concerning ifA new accountant has worries. They give a cautious opinion.
Why it matters: This report will show if the company can recover from the recent earnings miss. Investors will look for signs of improved performance.
Watch forQ2 net income rises from Q1's $11.5 million. This shows recovery.
Also watch forQ2 net income falls from Q1's $11.5 million. This shows ongoing issues.
We watch for confirming and disproving signals on each item. Resolutions are found automatically where possible and checked by hand for unclear cases. Last 90 days shown.
A larger daily loss that occurred about once in every 20 trading days.
Deepest peak-to-trough drop in the last year.
| Measure | Value | Meaning |
|---|---|---|
| Typical day | ±$80 on $10,000 · ±0.8% | How much price usually moves either way. |
| Bad day | $208 loss on $10,000 · 2.1% | A larger daily loss that occurred about once in every 20 trading days. |
| Largest peak-to-trough drop in the past year | $2,042 loss on $10,000 · 20.4% | Deepest peak-to-trough drop in the last year. |
Past year. 1.00 means similar movement; 1.20 means about 20% more.
Past year. 1.00 means similar movement to the sector. This is secondary context.
Latest 30 trading days, shown as an annual percentage.
Latest 252 trading days, shown as an annual percentage.
20-trading-day average in US dollars.
Trading days used by the source risk snapshot.
Past results, not a forecast. Not investment advice.
Why it matters: Changing the accounting firm may change how much investors trust the financial reports.
Worry ifManagement gives a good update on switching to a new accounting firm.
Less concerning ifMore problems arise during the transition. This affects the financial reports.
Why it matters: Higher net investment gains help overall profits and financial health.
Supportive ifQ3 net investment gains exceed $3 million.
Worry ifNet investment gains fall below $2 million.
Why it matters: Changes in auditors can change how investors feel and affect financial reports.
Worry ifA new auditor is announced and gets good feedback.
Less concerning ifA new auditor faces quick criticism or problems.
Why it matters: If personal lines keep declining, it could show market problems. This may hurt growth.
Worry ifPersonal lines net premiums written decline more than -9.7% year over year in Q3.
Less concerning ifPersonal lines net premiums written stabilize or grow year over year.
Why it matters: The combined ratio helps us see how profitable a company is. A lower ratio means better underwriting.
Supportive ifCombined ratio improves from 99.8% in Q1 2026. This shows better underwriting results.
Worry ifCombined ratio worsens from 99.8% in Q1 2026. This suggests ongoing underwriting problems.
Why it matters: When companies change auditors, it can lower trust in their financial reports.
Worry ifA new independent auditor will be announced for the 2026 fiscal year.
Less concerning ifNo announcement of a new independent auditor by the end of Q3 2026.
Why it matters: A larger decline would signal worsening market conditions and challenge growth plans. Investors will watch this closely.
Worry ifQ3 net premiums earned decline more than 4.0% year over year.
Less concerning ifQ3 net premiums earned decline less than or stabilize year over year.
Why it matters: A lower combined ratio shows better underwriting. This can help make more money. It is important for investor trust.
Supportive ifCombined ratio goes below 95.0% in Q3.
Worry ifCombined ratio remains above 95.0% in Q3.
Why it matters: Strong growth in investment income can help with premium challenges. It supports overall profits.
Supportive ifQ3 investment income grows more than 15% year over year.
Worry ifQ3 investment income growth is less than or negative year over year.
Why it matters: Changing the independent auditor can affect investor trust and financial reports. This is an important issue.
Worry ifManagement explains the reason for the change. They also explain how it affects finances.
Less concerning ifNo further issues arise from the auditor change and investor trust remains stable.