Donegal Group Inc. Financial Ratios — DGICB Stock

Profitability (USD)

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Return on Common Equity (%)	0.12	5.89	6.61	3.58	5.09	7.27	1.6	-7.73	11.1	10.9	4.82	-0.39	0.92	9.92	13.38
Return on Assets (%)	0.04	1.76	1.93	1.02	1.4	1.95	0.42	-1.84	2.51	2.59	1.14	-0.09	0.2	2.21	3.36
Return on Capital (%)	- -	5.38	5.93	3.4	4.51	6.36	1.57	- -	10.15	9.8	4.43	- -	0.96	9.43	12.81
Return on Invested Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Margin (%)	100	100	100	100	100	100	100	100	100	100	100	100	100	100	100
EBITDA Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Incremental Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Pretax Margin (%)	-1.42	5.46	6.01	2.78	4.34	6.01	1.64	-6.27	7.03	8.13	3.72	-0.43	0.55	6.3	9.98
Profit Margin (%)	0.1	4.52	4.84	2.48	3.3	4.48	0.97	-4.26	5.81	6.79	3.09	-0.23	0.48	5.14	8.11
Net Income to Common Margin (%)	0.1	4.52	4.84	2.48	3.3	4.48	0.97	-4.26	5.81	6.79	3.09	-0.23	0.48	5.14	8.11
Effective Tax Rate (%)	- -	17.11	19.53	10.71	23.93	25.47	41.26	- -	17.4	16.53	16.76	- -	12.6	18.41	18.7
Dvd Payout Ratio (%)	2,621.55	52.87	48.67	93.38	68.87	45.73	208.29	-47.8	34.13	32.14	75.63	-1,046.37	494.72	44.63	32.36
Sustainable Growth Rate (%)	-2.99	2.78	3.39	0.24	1.59	3.95	-1.74	-11.43	7.31	7.4	1.17	-4.43	-3.63	5.49	9.05

Credit (USD)

Credit Ratios API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Total Debt	75	72	63	58	86	74	64	65	40	90	35	35	35	35	35
ST Debt	54	52	58	54	81	69	59	60	35	85	35	35	35	35	35
LT Debt	20	20	5	5	5	5	5	5	5	5	- -	- -	- -	- -	- -
Total Debt/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx/Interest Expense	-0.11	-0.32	-0.77	-1.4	-0.14	-0.23	-0.68	-0.05	-0.09	-0.07	- -	- -	- -	- -	- -
EBIT to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Interest Expense	2	2	2	2	1	2	2	2	2	1	1	1	1	1	1
Common Equity/Total Assets	29.71	29.92	28.65	28.53	26.56	27.02	25.82	21.77	23.45	23.97	23.55	21.56	21.17	23.36	26.83
Long-Term Debt/Equity (%)	5.34	5.12	1.26	1.2	1.22	1.14	1.11	1.25	1.11	0.97	- -	- -	- -	- -	- -
Long-Term Debt/Capital (%)	4.46	4.33	1.09	1.05	1.01	0.98	0.98	1.08	1.02	0.82	- -	- -	- -	- -	- -
Long-Term Debt/Total Assets (%)	1.59	1.53	0.36	0.34	0.33	0.31	0.29	0.27	0.26	0.23	- -	- -	- -	- -	- -
Total Debt/Equity (%)	19.55	18.11	15.87	14.06	21.06	16.87	14.26	16.3	8.87	17.38	6.59	7.24	7.3	6.41	5.47
Total Debt/Capital (%)	16.35	15.34	13.7	12.33	17.4	14.44	12.48	14.01	8.15	14.81	6.18	6.75	6.8	6.03	5.18
Total Debt/Total Assets (%)	5.81	5.42	4.55	4.01	5.59	4.56	3.68	3.55	2.08	4.17	1.55	1.56	1.54	1.5	1.47
Net Debt to Equity	16.1	13.16	8.91	5.51	14.17	11.27	5.83	3.11	-2.07	-2.53	-4.28	2.04	2.34	-3.28	1.28
Net Debt/Capital (%)	13.86	11.63	8.18	5.22	12.41	10.12	5.51	3.02	-2.11	-2.59	-4.47	2	2.28	-3.4	1.27
EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx	- -	-1	-1	-2	- -	- -	-1	- -	- -	- -	- -	- -	- -	- -	- -
Operating Income (Loss)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Liquidity (USD)

Liquidity Ratios API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Cash Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Current Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Quick Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
CFO/Avg Current Liab	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	29.71	29.92	28.65	28.53	26.56	27.02	25.82	21.77	23.45	23.97	23.55	21.56	21.17	23.36	26.83
Long-Term Debt/Equity (%)	5.34	5.12	1.26	1.2	1.22	1.14	1.11	1.25	1.11	0.97	- -	- -	- -	- -	- -
Long-Term Debt/Capital (%)	4.46	4.33	1.09	1.05	1.01	0.98	0.98	1.08	1.02	0.82	- -	- -	- -	- -	- -
Long-Term Debt/Total Assets (%)	1.59	1.53	0.36	0.34	0.33	0.31	0.29	0.27	0.26	0.23	- -	- -	- -	- -	- -
Total Debt/Equity (%)	19.55	18.11	15.87	14.06	21.06	16.87	14.26	16.3	8.87	17.38	6.59	7.24	7.3	6.41	5.47
Total Debt/Capital (%)	16.35	15.34	13.7	12.33	17.4	14.44	12.48	14.01	8.15	14.81	6.18	6.75	6.8	6.03	5.18
Total Debt/Total Assets (%)	5.81	5.42	4.55	4.01	5.59	4.56	3.68	3.55	2.08	4.17	1.55	1.56	1.54	1.5	1.47
CFO/Total Liabilities	2.32	2.66	4.65	4.27	6.04	5.07	6.28	4.45	5.19	6.16	4.45	3.81	1.6	3.77	4.02
CFO/CapEx	88.38	33.55	36.67	20.93	449.98	156.24	74.26	604.37	510.42	1,127.45	- -	- -	- -	- -	- -
Altman's Z-Score	0.86	0.9	1	0.95	0.85	0.86	0.82	0.71	0.74	0.66	0.67	0.71	0.71	0.74	0.81

Working Capital (USD)

Working Capital Ratios API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Accounts Receivable Turnover	2.29	1.57	1.55	1.55	1.61	1.67	1.67	1.6	1.57	1.4	1.36	1.35	1.48	1.62	1.66
Days Sales Outstanding	159.33	232.08	235.56	235.81	226.42	218.63	218.12	227.61	232.15	260.75	268.87	269.95	246.57	225.8	220.43
Inventory Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Days Inventory Outstanding	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover Days	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Conversion Cycle	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventory to Cash Days	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

Enterprise Value API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Market Capitalization	420	461	625	583	431	430	428	335	367	357	422	532	484	501	654
- Cash & Cash Equivalents	13	20	28	36	28	25	38	53	49	103	58	25	24	53	27
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	75	72	63	58	86	74	64	65	40	90	35	35	35	35	35
Enterprise Value	-213	-214	145	119	-63	-92	-96	-196	-221	-232	-146	-39	-126	-159	168
Total Capital	458	472	460	475	494	513	513	464	491	608	566	519	515	581	675
Total Debt/Capital (%)	16.35	15.34	13.7	12.33	17.4	14.44	12.48	14.01	8.15	14.81	6.18	6.75	6.8	6.03	5.18
Total Debt / EV	-0.35	-0.34	0.44	0.49	-1.36	-0.81	-0.67	-0.33	-0.18	-0.39	-0.24	-0.89	-0.28	-0.22	0.21
EV/Sales	- -	- -	0.27	0.2	- -	- -	- -	- -	- -	- -	- -	- -	0.14	0.1	0.17
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	- -	- -	3.05	2.6	- -	- -	- -	- -	- -	- -	- -	- -	4.4	1.52	2.35
EV/Free Cash Flow to Firm	- -	- -	2.97	2.48	- -	- -	- -	- -	- -	- -	- -	- -	4.4	1.52	2.35
Diluted Market Cap	421	466	623	584	462	431	429	337	367	348	419	522	482	477	651
Diluted Enterprise Value	482	519	658	606	520	480	456	350	358	335	396	532	493	459	660
EV per Share	- -	- -	5.47	4.4	- -	- -	- -	- -	- -	- -	- -	- -	3.88	3.07	4.54
TTM Sales	473	510	544	585	635	687	737	769	812	778	816	848	927	990	978
TTM EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Cash Flow to Firm	21	27	47	46	69	61	82	65	78	102	77	67	29	68	71
TTM Free Cash Flow to Firm	21	28	49	48	69	62	83	65	78	102	77	67	29	68	71

Multiples (USD)

Valuation Multiples API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Price/Free Cash Flow	19.74	18.12	13.18	12.51	6.76	7.13	5.23	5.28	4.79	3.44	5.46	7.79	16.82	7.08	9.28
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	-213	-214	145	119	-63	-92	-96	-196	-221	-232	-146	-39	-126	-159	168
Low Price	13.91	14.74	17.92	18.26	16	12.56	13.35	11.52	11.6	10.51	11.81	13.05	12.5	10.75	13.19
EV/Sales	- -	- -	0.27	0.2	- -	- -	- -	- -	- -	- -	- -	- -	0.14	0.1	0.17
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings	927.64	19.96	23.31	39.45	21.74	13.68	58.55	- -	7.72	6.55	16.52	- -	108.5	9.36	8.1
Price/Earnings Average	969.5	19.51	20.62	43.13	27.3	13.64	58.17	-11.83	7.78	6.78	17.31	-241.42	106.95	8.83	7.29
Price/Earnings High	1,339.81	25.51	28.08	50.92	35.53	19.68	69.05	-13.42	8.97	8.1	20.06	-329.43	125.08	11.15	9.37
Price/Earnings Low	785.36	16.35	17.66	33.5	21.06	10.8	51.36	-9.95	7.03	5.83	14.48	-213.03	93.34	7.13	6.04
Price/Book Value	1.09	1.15	1.57	1.4	1.05	0.98	0.95	0.84	0.81	0.69	0.79	1.1	1.01	0.92	1.02
Price/Book Value Average	1.14	1.13	1.39	1.53	1.32	0.98	0.95	0.98	0.82	0.71	0.83	1	1	0.87	0.92
Price/Book Value High	1.58	1.47	1.9	1.81	1.72	1.41	1.13	1.11	0.94	0.85	0.97	1.36	1.16	1.09	1.18
Price/Book Value Low	0.93	0.94	1.19	1.19	1.02	0.77	0.84	0.82	0.74	0.61	0.7	0.88	0.87	0.7	0.76
Price/Tangible Book Value	1.11	1.17	1.6	1.42	1.07	1	0.97	0.85	0.83	0.7	0.8	1.12	1.02	0.93	1.03
Price/Tangible Book Value Average	1.16	1.14	1.42	1.56	1.35	0.99	0.96	0.99	0.83	0.72	0.84	1.01	1.01	0.88	0.93
Price/Tangible Book Value High	1.61	1.5	1.93	1.84	1.75	1.43	1.14	1.13	0.96	0.86	0.98	1.38	1.18	1.11	1.19
Price/Tangible Book Value Low	0.94	0.96	1.21	1.21	1.04	0.79	0.85	0.83	0.75	0.62	0.71	0.89	0.88	0.71	0.77
Price/Sales	0.89	0.9	1.13	0.98	0.72	0.61	0.57	0.43	0.45	0.44	0.51	0.61	0.52	0.48	0.66
Price/Sales Average	0.93	0.88	1	1.07	0.9	0.61	0.56	0.5	0.45	0.46	0.54	0.56	0.51	0.45	0.59
Price/Sales High	1.28	1.15	1.36	1.26	1.17	0.88	0.67	0.57	0.52	0.55	0.62	0.76	0.6	0.57	0.76
Price/Sales Low	0.75	0.74	0.85	0.83	0.7	0.48	0.5	0.42	0.41	0.4	0.45	0.49	0.45	0.37	0.49
Price/Cash Flow	19.93	18.46	13.33	12.88	6.69	7.02	5.14	5.23	4.77	3.42	5.44	7.75	16.77	7.06	9.15
Price/Cash Flow Average	20.83	18.05	11.8	14.09	8.4	7	5.11	6.08	4.81	3.54	5.7	7.05	16.54	6.66	8.24
Price/Cash Flow High	28.79	23.59	16.06	16.63	10.94	10.1	6.07	6.9	5.54	4.23	6.6	9.62	19.34	8.41	10.59
Price/Cash Flow Low	16.87	15.12	10.1	10.94	6.48	5.54	4.51	5.11	4.34	3.04	4.77	6.22	14.43	5.38	6.82
Price/Free Cash Flow Average	20.63	17.71	11.66	13.68	8.49	7.12	5.2	6.14	4.83	3.56	5.72	7.08	16.58	6.68	8.35
Price/Free Cash Flow High	28.51	23.16	15.88	16.15	11.05	10.27	6.17	6.96	5.57	4.25	6.63	9.66	19.39	8.43	10.73
Price/Free Cash Flow Low	16.71	14.84	9.99	10.63	6.55	5.64	4.59	5.16	4.36	3.06	4.79	6.24	14.47	5.39	6.92
EV/Sales Average	1.06	0.99	1.08	1.13	0.94	0.7	0.61	0.52	0.44	0.46	0.51	0.58	0.53	0.46	0.61
EV/Sales High	1.41	1.26	1.45	1.32	1.2	0.97	0.72	0.59	0.51	0.55	0.6	0.79	0.61	0.59	0.78
EV/Sales Low	0.88	0.84	0.94	0.88	0.75	0.57	0.54	0.44	0.4	0.39	0.43	0.51	0.46	0.37	0.51
EV/EBITDA Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Last Price	16.43	18	23.65	21.5	16.52	15.9	15.22	11.8	12.75	11.81	13.47	16.27	14.53	14.11	17.69
High Price	23.73	23	28.49	27.75	27	22.88	17.95	15.55	14.8	14.61	16.36	20.18	16.75	16.81	20.46
Enterprise Value Average	500	503	588	660	599	479	452	402	360	356	420	493	489	455	597
Enterprise Value High	668	642	788	775	762	668	531	454	417	429	490	670	570	579	764
Enterprise Value Low	417	430	509	518	475	389	402	339	325	305	347	437	428	364	496

Shares Outstanding	26	26	26	27	26	27	28	28	29	30	31	33	33	36	37
Diluted Weighted Avg Shares	26	26	26	27	28	27	28	29	29	29	31	32	33	34	37
Basic Weighted Avg Shares	26	26	26	27	28	26	27	28	29	29	31	32	33	34	36
Revenue per Share	18.5	19.93	20.98	21.94	22.99	25.94	26.94	27.19	28.43	26.56	26.37	26.52	28.06	29.34	26.93
EBITDA per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Operating Income per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Basic EPS, GAAP	0.02	0.9	1.01	0.55	0.76	1.16	0.26	-1.16	1.65	1.8	0.82	-0.06	0.13	1.51	2.18
Basic EPS from Cont Ops	0.02	0.9	1.01	0.55	0.76	1.16	0.26	-1.16	1.65	1.8	0.82	-0.06	0.13	1.51	2.18
Diluted EPS, GAAP	0.02	0.89	1	0.54	0.75	1.14	0.25	-1.15	1.64	1.79	0.81	-0.06	0.13	1.5	2.15
Diluted EPS from Cont Ops	0.02	0.89	1	0.54	0.75	1.14	0.25	-1.15	1.64	1.79	0.81	-0.06	0.13	1.5	2.15
Dividend per Share	0.46	0.48	0.49	0.51	0.52	0.53	0.54	0.55	0.56	0.58	0.62	0.64	0.66	0.67	0.71
Cash Flow per Share	0.82	0.97	1.77	1.67	2.47	2.27	2.96	2.25	2.67	3.45	2.48	2.1	0.87	2	1.93
Free Cash Flow per Basic Share	0.82	0.95	1.73	1.59	2.46	2.25	2.92	2.25	2.67	3.45	2.48	2.1	0.87	2	1.93
Cash & Equivalents per Share	27.7	29.17	20.57	19.26	22.25	22.03	20.89	20.99	21.83	22.47	19.25	18.54	19.36	19.57	14.1
Book Value per Share	15.01	15.63	15.02	15.36	15.66	16.21	15.95	14.05	15.67	17.13	16.95	14.79	14.39	15.36	17.33
Tangible Book Value per Share	14.75	15.37	14.77	15.11	15.41	15.97	15.71	13.82	15.44	16.91	16.74	14.59	14.19	15.18	17.15

Donegal Group Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)