Claims Ratio % is the percentage of claims costs incurred in relation to the premiums earned.
Donegal Group's Claims Ratio % for the quarter that ended in Dec. 2023 was 72.10%
, which is lower than
103.90% for the pervious quarter ended in Sep. 2023.
Donegal Group's Claims Ratio % for the annual that ended in Dec. 2023 was 69.10%
, which is higher than
68.60% for the pervious year ended in Dec. 2022.
The historical rank and industry rank for Donegal Group's Claims Ratio % or its related term are showing as below:
DGICA's Claims Ratio % is not ranked *
in the Insurance industry.
Industry Median: * Ranked among companies with meaningful Claims Ratio % only.
Donegal Group Claims Ratio % Historical Data
The historical data trend for Donegal Group's Claims Ratio % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of Donegal Group's Claims Ratio %
For the Insurance - Property & Casualty subindustry, Donegal Group's Claims Ratio %, along with its competitors' market caps and Claims Ratio % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Donegal Group (NAS:DGICA) Claims Ratio % Calculation
Claims Ratio % is calculated as
Claims Ratio %
=
Total Claims
/
Total Premiums Earned
*
100%
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Donegal Group (NAS:DGICA) Claims Ratio % Explanation
Claims Ratio % the percentage of claims costs incurred in relation to the premiums earned during the period. It is the equivalent of gross profit margin for an insurance company.
It's important to note that insurance is the business of managing risks and, to do that well, the insurer needs a thorough understanding of the incurred claims ratio. If the value is higher than expected or above established norms, then further investigation is required to figure out why that is (eg: fraud). If it is lower than expected, it could indicate irrelevant products or difficulties in claiming, possibly affecting customer satisfaction.
Donegal Group Claims Ratio % Related Terms
Thank you for viewing the detailed overview of Donegal Group's Claims Ratio % provided by GuruFocus.com. Please click on the following links to see related term pages.
Donegal Group (Donegal Group) Business Description
Donegal Group Inc is an insurance holding company that offers personal and commercial lines of property and casualty insurance to businesses and individuals. The company's reportable segments are its Investment function, Personal lines of insurance, Commercial lines of insurance. Personal lines products consist primarily of homeowners and private passenger automobile policies. The Commercial lines products of its insurance subsidiaries consist primarily of commercial automobile, commercial multi-peril, and workers' compensation policies. The group primarily operates in the United States.
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