GBLI: Global Indemnity investment income more than doubles in 2023. [Yahoo! Finance]
Global Indemnity Group, LLC Class A (DE) (GBLI)
US:NASDAQ Investor Relations:
phx.corporate-ir.net/phoenix.zhtml?c=147715&p=irol-irhome
Company Research
Source: Yahoo! Finance
Global Indemnity Group (NYSE:GBLI) reported 4th quarter 2023 and full year financial and operating results on March 13, 2024, which were mostly in line with expectations. Underwriting income was $3.0 million for the full year compared to $8.3 million in the prior year period. However, there were two unusually problematic casualty books of business, a New York habitational book and a restaurant book which created losses. Excluding those two books of business, underwriting income would have been $37.7 million for the year. Underwriting actions and rate increases have been taken on the New York habitational book to improve profitability and the restaurant book was not renewed as of March 1, 2023. In the company's core operating subsidiary, Penn-America, gross written premiums in aggregate for Wholesale Commercial, InsurTech, and Assumed Reinsurance business grew by 11.6% in 2023. Gross written premiums for the Programs line decreased 40.5% in 2023 due to rate and underwriting actions
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GBLI
News
- Global Indemnity Group, LLC (NASDAQ: GBLI) is now covered by analysts at StockNews.com. They set a "buy" rating on the stock.MarketBeat
- Global Indemnity Group 2024 First Quarter Earnings Release & Conference Call [Yahoo! Finance]Yahoo! Finance
- Global Indemnity Group 2024 First Quarter Earnings Release & Conference CallBusiness Wire
- Global Indemnity Group, LLC (NASDAQ: GBLI) is now covered by analysts at StockNews.com. They set a "buy" rating on the stock.MarketBeat
- Global Indemnity Group, LLC (NASDAQ: GBLI) was downgraded by analysts at StockNews.com from a "strong-buy" rating to a "buy" rating.MarketBeat
GBLI
Earnings
- 11/8/23 - Miss
GBLI
Sec Filings
- 4/2/24 - Form 4
- 4/2/24 - Form 4
- 4/2/24 - Form 4
- GBLI's page on the SEC website