Donegal Group vs Lemonade
Donegal Group is the larger business, with $978m of revenue in fiscal 2025 against $738m for Lemonade (1.3 times as much). Lemonade grew faster (40.2% against -1.2%). Donegal Group kept more of each dollar of sales as profit: a net margin of 8.1% against -22.4%. Donegal Group carries less debt relative to equity (0.0% against 0.0%).
| Latest fiscal year | Donegal GroupDGICA, 2025 | LemonadeLMND, 2025 |
|---|---|---|
| Revenue | $978m | $738m |
| Revenue growth | -1.2% | 40.2% |
| Net income | $79.3m | −$166m |
| Operating margin | — | — |
| Net margin | 8.1% | -22.4% |
| Return on equity | 13.4% | -29.4% |
| Free cash flow | $70.2m | −$25.9m |
| Cash | $26.8m | $385m |
| Total debt | $0 | $0 |
| Debt to equity | 0.0% | 0.0% |
| Dividend per share | — | — |
| Dividend yield | 4.5% | — |
| Share buybacks | — | — |
| Employees | 851 | 1,282 |
| Market value | $590m | $3.19bn |
| Price vs our value range | — | — |
| Moat score | — | — |
| Insider trades, 12 months | 70 buys, 19 sales | 2 buys, 37 sales |