Global Indemnity Group, LLC Reports First Quarter 2024 Results [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
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 2024 The 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 per share increased 40% to $0.35 in 2024 from $0.25 in the same period in 2023. Consolidated Selected Operating and B
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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