Global Indemnity Group, LLC Reports First Quarter 2024 Results
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: Business Wire
WILMINGTON, Del.--(BUSINESS WIRE)--Global Indemnity Group, LLC (NYSE:GBLI) (the “Company”) today reported net income available to shareholders of $11.3 million for the three months ended March 31, 2024 compared to $2.4 million for the same period in 2023.Highlights for the 1st quarter of 2024The increase in net income available to shareholders was driven by strong underwriting results in the Penn-America excess and surplus lines business, reflected in a 54.8% Loss Ratio and 94.0% Combined Ratio, and a 21% increase in investment income to $14.5 million in 2024 due to steps taken by the Company to position it to take advantage of rising interest rates.Gross written premiums declined 24.0% to $93.5 million for 2024 from $123.0 in the same period in 2023 due to runoff of business in the Company’s Non-Core segment.Book value per share increased to $48.18 at March 31, 2024 from $47.53 at December 31, 2023, an increase of 2.1% including dividends paid of $0.35 per share in 2024.Dividend
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GBLI
News
- The Mutual Group Announces Two Appointments to Board of Directors [Yahoo! Finance]Yahoo! Finance
- 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 First Quarter 2024 Earnings: Beats Expectations [Yahoo! Finance]Yahoo! Finance
- Global Indemnity Group, LLC (NYSE:GBLI) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- 2 sisters sued their insurer after it offered $5,000 to fix their wrecked home after a storm. They won $18 million. [Business Insider]Business Insider
GBLI
Earnings
- 5/8/24 - Beat
GBLI
Sec Filings
- 5/17/24 - Form 4
- 5/15/24 - Form 4
- 5/14/24 - Form 13F-HR
- GBLI's page on the SEC website