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Global Indemnity Group LLC - GBLI STOCK NEWS

Welcome to our dedicated news page for Global Indemnity Group (Ticker: GBLI), a resource for investors and traders seeking the latest updates and insights on Global Indemnity Group.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Global Indemnity Group's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Global Indemnity Group's position in the market.

Rhea-AI Summary
Global Indemnity Group, (NYSE:GBLI) announced the release of its first quarter 2024 earnings on May 8, 2024. An earnings call will be held at 11:00 a.m. Eastern on the same day to discuss the results, which will be webcast on GBLI's website. Investors and analysts can participate by dialing +1 (800) 715-9871 or submitting written questions through the webcast.
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Global Indemnity Group, LLC (NYSE:GBLI) reported a significant improvement in financial performance for the twelve months ended December 31, 2023. Net income available to shareholders increased to $25.0 million from a loss of $1.3 million in 2022. Adjusted operating income per share rose by 125% to $1.96, driven by a 95.2% accident year combined ratio in the Penn-America business. The company reduced gross written premium of Non-Core Operations by 86%, and book value per share increased by 8.2% to $47.53.
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0.66%
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Global Indemnity Group, LLC (GBLI) announced a 40% increase in its quarterly dividend rate to $0.35 per common share. The company's strong financial performance, capital and reserve positions, liquidity, and balance sheet led to this decision. GBLI has repaid all debt and returned over $600 million to shareholders through share repurchases, dividends, and other distributions.
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0.07%
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Rhea-AI Summary
Global Indemnity Group, LLC (GBLI) will release its 2023 earnings on March 13, 2024, followed by an earnings call to discuss the results. Investors can participate via webcast or phone to ask questions.
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Global Indemnity Group, LLC (NYSE:GBLI) declared a distribution payment of $0.25 per common share to be paid on December 29, 2023, to shareholders of record as of December 22, 2023.
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Global Indemnity Group, LLC (NYSE:GBLI) suspends the exploration of the sale or merger of Penn-America and Global Indemnity, increases the size of the Board of Directors, appoints Fred Karlinsky as a new Designated Director, and intends to continue share repurchases under the existing $135 million authorization.
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-15.34%
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Global Indemnity Group, LLC (GBLI) reported net income of $19.2 million for the nine months ended September 30, 2023, compared to a net loss of $3.5 million for the same period in 2022. Gross written premiums decreased by 43.7% to $98.9 million for the three months ended September 30, 2023, compared to the same period in 2022.
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-2.75%
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Global Indemnity Group to release Q3 2023 earnings on November 8th
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Global Indemnity Group (GBLI) approves distribution payment of $0.25 per share to be paid on October 16, 2023.
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Global Indemnity Group LLC

NYSE:GBLI

GBLI Rankings

GBLI Stock Data

441.31M
4.45M
30.01%
60.59%
0.06%
Direct Property and Casualty Insurance Carriers
Finance and Insurance
Link
US
Bala Cynwyd

About GBLI

global indemnity ltd (nasdaq: gbli), is a holding company formed in 2010 under the laws of ireland. united america indemnity, ltd. is now a wholly owned subsidiary of global indemnity ltd. we offer a broad array of insurance and reinsurance products and services to meet the needs of a diverse customer base. our operating segments, penn-america group®, diamond state group®, united national group®, american reliable insurance company®, j.h. ferguson & associates (vacantexpress.com®), collectibles insurance services, and global indemnity reinsurance company ltd., are providers of specialty property, and casualty coverage for specialty risks, programs, and niches that are generally not offered by standard insurance and reinsurance companies. each of our operating segments targets specific markets and distribution channels, providing the company and our agents opportunities and flexibility in conducting business. global indemnity's multi-channel distribution network consists of u.s. and int