vs
Side-by-side financial comparison of DONEGAL GROUP INC (DGICA) and Palomar Holdings, Inc. (PLMR). Click either name above to swap in a different company.
Palomar Holdings, Inc. is the larger business by last-quarter revenue ($253.4M vs $239.8M, roughly 1.1× DONEGAL GROUP INC). On growth, Palomar Holdings, Inc. posted the faster year-over-year revenue change (62.7% vs -4.1%). Over the past eight quarters, Palomar Holdings, Inc.'s revenue compounded faster (46.2% CAGR vs -0.3%).
Donegal Group Inc. is a regional US insurance holding company offering personal and commercial property and casualty insurance products. It serves Mid-Atlantic, Midwest, and Southern US customers, delivering tailored coverage for individuals, families, and small to medium businesses.
Palomar Holdings, Inc. is a specialty insurance holding company that primarily provides property insurance products for catastrophe-exposed residential and commercial assets. It mainly operates across the United States, focusing on core segments including earthquake, flood, and windstorm coverage to meet high-risk property protection demands of customers.
DGICA vs PLMR — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $239.8M | $253.4M |
| Net Profit | $17.2M | — |
| Gross Margin | — | — |
| Operating Margin | 8.7% | 28.7% |
| Net Margin | 7.2% | — |
| Revenue YoY | -4.1% | 62.7% |
| Net Profit YoY | -28.4% | — |
| EPS (diluted) | — | $2.05 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $239.8M | $253.4M | ||
| Q3 25 | $245.9M | $244.7M | ||
| Q2 25 | $247.1M | $203.3M | ||
| Q1 25 | $245.2M | $174.6M | ||
| Q4 24 | $250.0M | $155.8M | ||
| Q3 24 | $251.7M | $148.5M | ||
| Q2 24 | $246.8M | $131.1M | ||
| Q1 24 | $241.1M | $118.5M |
| Q4 25 | $17.2M | — | ||
| Q3 25 | $20.1M | $51.5M | ||
| Q2 25 | $16.9M | $46.5M | ||
| Q1 25 | $25.2M | $42.9M | ||
| Q4 24 | $24.0M | — | ||
| Q3 24 | $16.8M | $30.5M | ||
| Q2 24 | $4.2M | $25.7M | ||
| Q1 24 | $6.0M | $26.4M |
| Q4 25 | 8.7% | 28.7% | ||
| Q3 25 | 10.2% | 27.4% | ||
| Q2 25 | 8.3% | 29.5% | ||
| Q1 25 | 12.7% | 30.8% | ||
| Q4 24 | 11.9% | 28.9% | ||
| Q3 24 | 8.1% | 25.9% | ||
| Q2 24 | 2.0% | 25.5% | ||
| Q1 24 | 3.0% | 29.0% |
| Q4 25 | 7.2% | — | ||
| Q3 25 | 8.2% | 21.0% | ||
| Q2 25 | 6.8% | 22.9% | ||
| Q1 25 | 10.3% | 24.6% | ||
| Q4 24 | 9.6% | — | ||
| Q3 24 | 6.7% | 20.5% | ||
| Q2 24 | 1.7% | 19.6% | ||
| Q1 24 | 2.5% | 22.3% |
| Q4 25 | — | $2.05 | ||
| Q3 25 | — | $1.87 | ||
| Q2 25 | — | $1.68 | ||
| Q1 25 | — | $1.57 | ||
| Q4 24 | — | $1.29 | ||
| Q3 24 | — | $1.15 | ||
| Q2 24 | — | $1.00 | ||
| Q1 24 | — | $1.04 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $106.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $640.4M | $942.7M |
| Total Assets | $2.4B | $3.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $106.9M | ||
| Q3 25 | — | $111.7M | ||
| Q2 25 | — | $81.3M | ||
| Q1 25 | — | $119.3M | ||
| Q4 24 | — | $80.4M | ||
| Q3 24 | — | $86.5M | ||
| Q2 24 | — | $47.8M | ||
| Q1 24 | — | $61.4M |
| Q4 25 | $640.4M | $942.7M | ||
| Q3 25 | $627.4M | $878.1M | ||
| Q2 25 | $605.7M | $847.2M | ||
| Q1 25 | $584.7M | $790.4M | ||
| Q4 24 | $545.8M | $729.0M | ||
| Q3 24 | $513.4M | $703.3M | ||
| Q2 24 | $484.1M | $532.6M | ||
| Q1 24 | $485.1M | $501.7M |
| Q4 25 | $2.4B | $3.1B | ||
| Q3 25 | $2.4B | $2.9B | ||
| Q2 25 | $2.4B | $2.8B | ||
| Q1 25 | $2.4B | $2.4B | ||
| Q4 24 | $2.3B | $2.3B | ||
| Q3 24 | $2.3B | $2.3B | ||
| Q2 24 | $2.3B | $2.0B | ||
| Q1 24 | $2.3B | $1.9B |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $70.2M | $409.1M |
| Free Cash FlowOCF − Capex | — | $409.0M |
| FCF MarginFCF / Revenue | — | 161.4% |
| Capex IntensityCapex / Revenue | — | 0.1% |
| Cash ConversionOCF / Net Profit | 4.08× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $700.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $70.2M | $409.1M | ||
| Q3 25 | $22.4M | $83.6M | ||
| Q2 25 | $12.1M | $120.9M | ||
| Q1 25 | $25.7M | $87.2M | ||
| Q4 24 | $67.4M | $261.2M | ||
| Q3 24 | $12.7M | $100.3M | ||
| Q2 24 | $21.7M | $55.1M | ||
| Q1 24 | $4.8M | $33.1M |
| Q4 25 | — | $409.0M | ||
| Q3 25 | — | $83.6M | ||
| Q2 25 | — | $120.8M | ||
| Q1 25 | — | $87.1M | ||
| Q4 24 | — | $260.9M | ||
| Q3 24 | — | $100.1M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | 161.4% | ||
| Q3 25 | — | 34.2% | ||
| Q2 25 | — | 59.4% | ||
| Q1 25 | — | 49.9% | ||
| Q4 24 | — | 167.5% | ||
| Q3 24 | — | 67.4% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | 0.1% | ||
| Q3 25 | — | 0.0% | ||
| Q2 25 | — | 0.0% | ||
| Q1 25 | — | 0.0% | ||
| Q4 24 | — | 0.2% | ||
| Q3 24 | — | 0.1% | ||
| Q2 24 | — | 0.0% | ||
| Q1 24 | — | 0.0% |
| Q4 25 | 4.08× | — | ||
| Q3 25 | 1.11× | 1.63× | ||
| Q2 25 | 0.72× | 2.60× | ||
| Q1 25 | 1.02× | 2.03× | ||
| Q4 24 | 2.81× | — | ||
| Q3 24 | 0.76× | 3.29× | ||
| Q2 24 | 5.22× | 2.14× | ||
| Q1 24 | 0.81× | 1.26× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DGICA
| Commercial Lines Segment | $140.8M | 59% |
| Personal Lines Segment | $86.0M | 36% |
| Investments Function Segment | $12.4M | 5% |
PLMR
Segment breakdown not available.
