DONEGAL GROUP INC (DGICA) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

Medium Risk
Moderate dilution risk
Last updated: May 07, 2026

Risk Assessment Details

Potential Dilution: 0.0% of current shares
Recent Dilution: 472.72% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
31M
Potential Supply
0
Additional shares possible
Splits
None
Past 2 years

Summary

DGICA currently has 31.4M outstanding shares. with minimal authorized share overhang for future dilution. The company has significantly diluted shareholders by 472.72% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 07, 2026

10-Q filing | 31.4M shares outstanding

31M 0
Aug 05, 2025

10-Q filing | 5.6M shares outstanding

5.6M 21M
May 06, 2025

10-Q filing | 30.4M shares outstanding

30M 0
Mar 10, 2025

10-K filing | 28.2M shares outstanding

28M 0
Nov 06, 2024

10-Q filing | 28.1M shares outstanding

28M 0
Aug 30, 2024

S-3 filing: This S-3 filing relates to the registration of shares of Class A common stock for sale to eligible agencies under the company's plan, with 500,000 shares reserved for this purpose.

28M 0
Aug 07, 2024

10-Q filing | 27.8M shares outstanding

28M 0
May 03, 2024

10-Q filing | 27.8M shares outstanding

28M 0
Mar 06, 2024

10-K filing | 27.6M shares outstanding

28M 0
Nov 03, 2023

10-Q filing | 27.6M shares outstanding

28M 0
Aug 04, 2023

10-Q filing | 27.5M shares outstanding

27M 0
May 05, 2023

10-Q filing | 27.4M shares outstanding

27M 0
Mar 06, 2023

10-K filing | 26.4M shares outstanding

26M 0
Nov 04, 2022

10-Q filing | 26.8M shares outstanding

27M 0
Aug 05, 2022

10-Q filing | 26.1M shares outstanding

26M 74K
May 05, 2022

10-Q filing | 25.8M shares outstanding

26M 340K
Mar 07, 2022

10-K filing | 25.5M shares outstanding

26M 610K
Nov 05, 2021

10-Q filing | 25.7M shares outstanding

26M 470K
Sep 30, 2021

S-3 filing: The filing is an S-3 prospectus supplement to offer Class A common stock to eligible independent insurance agencies under the company's plan.

26M 550K
Sep 30, 2021

S-3 filing: The company is offering shares of Class A common stock to eligible independent insurance agencies through their plan, with a reserved amount of 500,000 shares for sale until September 30, 2024, at a purchase price equal to 90% of the average closing prices on the Nasdaq Global Select Market on the last ten trading days of each applicable subscription period.

26M 550K
Aug 06, 2021

10-Q filing | 25.6M shares outstanding

26M 0
May 07, 2021

10-Q filing | 24.9M shares outstanding

25M 0
Mar 05, 2021

10-K filing | 23.9M shares outstanding

24M 0
Nov 05, 2020

10-Q filing | 23.9M shares outstanding

24M 0
Aug 05, 2020

10-Q filing | 23.5M shares outstanding

23M 0
May 08, 2020

10-Q filing | 23.3M shares outstanding

23M 0
Mar 06, 2020

10-K filing | 5.6M shares outstanding

5.6M 0
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