Global Indemnity

Global Indemnity Group LLC engages in providing diversified insurance and reinsurance services. It operates through the following segments: Commercial Specialty, Farm, Ranch, and Stable, Reinsurance Operations, and Exited Lines. The Commercial Specialty segment provides specialty and casualty products designed for product lines such as small business binding authority, property brokerage, vacant express and programs. The Specialty Property segment offers specialty personal lines property and casualty insurance products. The Farm, Ranch, and Stable segment offers specialized property and casualty coverage including commercial farm auto and excess/umbrella coverage for the agriculture industry as well as specialized insurance products for the equine mortality and equine major medical industry. The Reinsurance Operations segment provides reinsurance solutions through brokers and primary writers including insurance and reinsurance companies. The company was founded in 2003 and is headquartered in Bala Cynwyd, PA.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Global Indemnity reports strong Q1 earnings, eyes growth opportunities

Global Indemnity's Q1 2024 performance reflects robust financial health, marked by revenue growth, underwriting strength, and prudent expense management, positioning the company for sustained success.
While facing challenges such as declining premiums in noncore segments, the company's focus on core business strength and growth in key divisions underscores its resilience and adaptability.
With a positive outlook for 2024 and opportunities to optimize return on equity and capital allocation, Global Indemnity is poised to capitalize on growth prospects and enhance shareholder value.

Global Indemnity Group reports robust Q2 performance and eyes strategic growth

Global Indemnity Group's Q2 2024 performance reflects solid revenue growth aligned with long-term targets and strong underwriting results, despite a slightly high expense ratio.
The company's focus on direct reinsurance and growth in investment income positions it well for future expansion and strategic initiatives.
While challenges exist in managing expenses amidst digital transformation investments, the company's excess capital strength and growth prospects offer promising opportunities.
Overall, Global Indemnity's financial performance and strategic direction indicate a positive outlook for sustained growth and value creation for stakeholders.

Global Indemnity (GBLI) reports strong Q3 results and growth prospects

Global Indemnity Group's Q3 2024 earnings call highlighted robust financial performance, strategic growth initiatives, and effective risk management practices.
The company's focus on underwriting excellence, investment income growth, and technology enhancements positions it well for future growth and profitability.
While facing challenges in a dynamic market, Global Indemnity remains agile in seizing opportunities for expansion and innovation to drive long-term success.

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Global Indemnity Group LLC engages in providing diversified insurance and reinsurance services. It operates through the following segments: Commercial Specialty, Reinsurance Operations, and Exited Lines. The Commercial Specialty segment provides specialty and casualty products designed for product lines such as small business binding authority, property brokerage, vacant express and programs. The Specialty Property segment offers specialty personal lines property and casualty insurance products. The Reinsurance Operations segment provides reinsurance solutions through brokers and primary writers including insurance and reinsurance companies. The company was founded in 2003 and is headquartered in Bala Cynwyd, PA.

WILMINGTON, Del.--(BUSINESS WIRE)--Global Indemnity Group, LLC Announces Quarterly Distribution.

Global Indemnity Group, LLC Announces Quarterly Distribution

Global Indemnity Group, LLC (NYSE:GBLI ) Q3 2024 Earnings Conference Call November 7, 2024 11:00 AM ET Company Participants Steve Reis - Head of Investor Relations Jay Brown - Chief Executive Officer Brian Riley - Chief Financial Officer Conference Call Participants Ross Haberman - RLH Investments Operator Ladies and gentlemen, thank you for standing by. And welcome to the Global Indemnity Group Q3 2024 Earnings Call.

Global Indemnity Group, LLC (GBLI) Q3 2024 Earnings Call Transcript

WILMINGTON, Del.--(BUSINESS WIRE)--Global Indemnity Group, LLC (NYSE:GBLI) (the “Company”) today reported an increase of 77% in net income available to shareholders to $33.9 million or $2.48 per share for the nine months ended September 30, 2024 compared to $19.2 million or $1.39 per share for the same period in 2023. Highlights for the Nine Months Ended September 30, 2024 Net income available to shareholders increased 77% to $33.9 million or $2.48 per share in 2024 compared to $19.2 million or.

Global Indemnity Group, LLC Reports Third Quarter 2024 Results

WILMINGTON, Del.--(BUSINESS WIRE)--Global Indemnity Group 2024 Third Quarter Earnings Release & Conference Call.

Global Indemnity Group 2024 Third Quarter Earnings Release & Conference Call

WILMINGTON, Del.--(BUSINESS WIRE)--Global Indemnity Group, LLC (NYSE:GBLI) (the “Company”) today reported an increase of 83% in net income available to shareholders to $21.2 million or $1.55 per share for the six months ended June 30, 2024 compared to $11.6 million or $0.84 per share for the same period in 2023. On August 1, 2024, AM Best affirmed Global Indemnity Group, LLC's A (Excellent) rating for its U.S. insurance subsidiaries and released: "AM Best has affirmed the Financial Strength Rat.

Global Indemnity Group, LLC Reports Second Quarter 2024 Results and AM Best Affirmation of A (Excellent) Rating

WILMINGTON, Del.--(BUSINESS WIRE)--Global Indemnity Group 2024 Second Quarter Earnings Release & Conference Call.

Global Indemnity Group 2024 Second Quarter Earnings Release & Conference Call

Start Time: 11:00 January 1, 0000 11:32 AM ET Global Indemnity Group, LLC (NYSE:GBLI ) Q1 2024 Earnings Conference Call May 08, 2024, 11:00 AM ET Company Participants Jay Brown - CEO Brian Riley - CFO Steve Ries - Head, IR Conference Call Participants Tom Kerr - Zacks Investment Research Ross Haberman - RLH Investments Operator Thank you for standing by. My name is Kathleen, and I will be your conference operator today.

Global Indemnity Group, LLC (GBLI) Q1 2024 Earnings Call Transcript

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 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 Rat.

Global Indemnity Group, LLC Reports First Quarter 2024 Results

WILMINGTON, Del.--(BUSINESS WIRE)--Global Indemnity Group 2024 First Quarter Earnings Release & Conference Call.

Global Indemnity Group 2024 First Quarter Earnings Release & Conference Call

Global Indemnity Group, LLC (GBLI) Q4 2023 Earnings Call Transcript

WILMINGTON, Del.--(BUSINESS WIRE)--Global Indemnity Group, LLC (NYSE:GBLI) (the “Company”) today reported net income available to shareholders for the twelve months ended December 31, 2023, of $25.0 million compared to net loss available to shareholders of $1.3 million for the corresponding period in 2022. Adjusted operating income per share was $1.96 in 2023, an increase of 125% over $0.87 in 2022, driven by a 95.2% accident year combined ratio in the Company's Penn-America excess and surplus.

Global Indemnity Group, LLC Reports Year Ended 2023 Results

WILMINGTON, Del.--(BUSINESS WIRE)--Global Indemnity Group, LLC Announces 40% Increase in Quarterly Dividend.

Global Indemnity Group, LLC Announces 40% Increase in Quarterly Dividend

WILMINGTON, Del.--(BUSINESS WIRE)--Global Indemnity Group 2023 Earnings Release & Conference Call.

Global Indemnity Group 2023 Earnings Release & Conference Call

WILMINGTON, Del.--(BUSINESS WIRE)--Global Indemnity Group, LLC No Longer Pursuing the Sale or Merger of the Company.

Global Indemnity Group, LLC Suspends the Exploration of the Sale or Merger of Penn-America and Global Indemnity

Global Indemnity is a small cap insurer offering specialty property and casualty insurance. The company has hired an investment banker to explore potential deals, indicating a possible sale in the future. However, be mindful that the company has controlling shareholder. While Q3 results were not stellar, book value continued to grow, and the shares currently trade around a 25% discount to book value.

Global Indemnity: One Step At A Time

Global Indemnity Group, LLC (NYSE:GBLI ) Q3 2023 Results Conference Call November 8, 2023 11:00 AM ET Company Participants Steve Ries - IR Jay Brown - CEO Tom McGeehan - CFO Conference Call Participants David Schiff - Shift Insurance Tom Kerr - Zacks Investment Research Anthony Mottolese - Dowling & Partners Tony Polak - Aegis Operator Thank you for standing by. My name is Danica, and I'll be your conference operator today.

Global Indemnity Group, LLC (GBLI) Q3 2023 Earnings Call Transcript

WILMINGTON, Del.WILMINGTON, Del.--(BUSINESS WIRE)--Global Indemnity Group, LLC (NYSE:GBLI) (the “Company”) today reported net income available to shareholders for the nine months ended September 30, 2023, of $19.2 million compared to net loss available to shareholders of $3.5 million(1) for the corresponding period in 2022. Net income available to shareholders for the three months ended September 30, 2023 was $7.6 million, compared to net income available to shareholders of $23.6 million(1) for.

Global Indemnity Group, LLC Reports Third Quarter 2023 Results

WILMINGTON, Del.--(BUSINESS WIRE)--Global Indemnity Group Third Quarter 2023 Earnings Release & Conference Call.

Global Indemnity Group Third Quarter 2023 Earnings Release & Conference Call

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Global Indemnity Group, LLC (NYSE:GBLI ) Q2 2023 Results Conference Call August 8, 2023 11:00 AM ET Company Participants Steve Ries - IR Jay Brown - CEO Tom McGeehan - CFO Conference Call Participants Ross Haberman - RLH Investment Tom Kerr - Zacks Investments Guy Baron - Springview Andrew Vindigni - General American Investors Company Operator Hello and welcome to the GBLI 2Q 2023 Earnings Call. [Operator Instructions] I will now turn the conference over to Mr.

Global Indemnity Group, LLC (GBLI) Q2 2023 Earnings Call Transcript

WILMINGTON, Del.--(BUSINESS WIRE)--Global Indemnity Group, LLC (NYSE:GBLI) (the “Company”) today reported net income available to shareholders for the six months ended June 30, 2023, of $11.6 million compared to net loss available to shareholders of $27.2 million for the corresponding period in 2022. Net income available to shareholders for the three months ended June 30, 2023 was $9.2 million, compared to net loss available to shareholders of $12.3 million for the corresponding period in 2022.

Global Indemnity Group, LLC Reports Second Quarter 2023 Results

Global Indemnity Group has revealed that there is active interest from multiple parties in acquiring some or all of its business, causing a sharp rise in share price. The complexity of underwriting and pricing risks in the insurance sector is increasing, making consolidation a sensible move for many companies. Despite a 20% increase in share price following the announcement, GBLI's price/book value remains the lowest among its peers, suggesting potential for further valuation.

Global Indemnity Group: Upside Still Available, Potential Candidate For Acquisition Or Merger

WILMINGTON, Del.--(BUSINESS WIRE)--Global Indemnity Group Second Quarter 2023 Earnings Release & Conference Call.

Global Indemnity Group Second Quarter 2023 Earnings Release & Conference Call

WILMINGTON, Del.--(BUSINESS WIRE)--Global Indemnity Group, LLC (NYSE:GBLI) (“Global Indemnity” or the “Company”) announced that in recent days, multiple parties indicated preliminary interest in exploring an acquisition of or merger with Penn-America, Global Indemnity's insurance group, or an acquisition of or merger with Global Indemnity itself. While the Company is responding to certain of these preliminary indications of interest, there is no assurance that an acceptable transaction will res.

Global Indemnity Announces that Multiple Parties Have Expressed Preliminary Interest in Acquiring or Merging with Penn-America or Global Indemnity

Global Indemnity Group, LLC (NYSE:GBLI ) Q1 2023 Earnings Conference Call May 10, 2023 11:00 AM ET Company Participants Stephen Ries - Investor Relations Jay Brown - Chief Executive Officer Tom McGeehan - Chief Financial Officer Conference Call Participants Tom Kerr - Zacks Small-Cap Research Jeff Bronchick - Cove Street Capital Anthony Mottolese - Dowling & Partners Operator Hello. Thank you for standing by.

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