Global Indemnity Group Llc Stock Price, News & Analysis

Global Indemnity Group (NYSE:GBLI) announced that AM Best has affirmed an A (Excellent) Financial Strength Rating and Long-Term Issuer Credit Rating of "a" (Excellent) for its U.S. insurance subsidiaries.

The rating affirmation reflects GBLI's strongest level risk-adjusted capitalization measured by Best's Capital Adequacy Ratio (BCAR), supported by a conservative investment portfolio and prudent reserving practices. The company's core commercial specialty business, focusing on small to middle-market customers, has demonstrated consistent profitability through its diverse mix of business across multiple distribution channels.

Global Indemnity Group (NYSE:GBLI) reported strong Q2 2025 results, with net income of $10.2 million ($0.71 per share) compared to $10.0 million ($0.73 per share) in Q2 2024. The company achieved significant growth with current accident year underwriting income increasing 61% to $5.6 million. Book value per share rose to $48.35, up 1.8% including dividends.

Key performance metrics include 6% growth in gross written premiums to $106.8 million, with core segments showing strong growth: Vacant Express and Collectibles grew 20% to $16.6 million, Wholesale Commercial increased 8% to $69.1 million, and Assumed Reinsurance surged 86% to $12.0 million. The company maintained a solid combined ratio of 94.4% and generated an annualized investment return of 4.9%.

[ "Current accident year underwriting income increased 61% to $5.6 million", "Gross written premiums grew 6% to $106.8 million (18% growth excluding terminated products)", "Combined ratio improved to 94.4% from 96.6% year-over-year", "Vacant Express and Collectibles segments grew 20% to $16.6 million", "Assumed Reinsurance segment surged 86% to $12.0 million", "Book value per share increased 1.8% to $48.35 including dividends" ]

Global Indemnity Group (NYSE:GBLI) has scheduled its Q2 2025 earnings release and conference call. The company will release its financial results before market open on Wednesday, August 6, 2025, followed by an earnings conference call at 11:00 a.m. Eastern on the same day.

Investors and analysts can participate in the Q&A session by dialing +1 (800) 715-9871 or submitting questions through the webcast available on the company's website at www.gbli.com.

Global Indemnity Group (NYSE: GBLI) has appointed Jason C. Murgio to its Board of Directors, effective June 4, 2025. Murgio, who serves as Principal and CEO of Merger & Acquisition Services, Inc., brings extensive experience in insurance industry M&A. The appointment leverages a 15-year collaborative relationship between Murgio's firm and GBLI. Chairman Saul Fox expressed confidence that Murgio's expertise in insurance mergers and acquisitions will contribute significantly to GBLI's growth and innovation initiatives. Murgio's firm is recognized as a leading advisory and financial services organization specializing in the insurance sector.

Global Indemnity Group (NYSE:GBLI) has declared a quarterly dividend distribution of $0.35 per common share. The dividend will be paid on June 27, 2025, to shareholders who hold GBLI stock as of the record date June 20, 2025. This distribution represents the company's commitment to returning value to shareholders through regular dividend payments.

Global Indemnity Group (NYSE:GBLI) reported a net loss of $4.1 million ($0.30 per share) for Q1 2025, primarily due to California Wildfire losses of $12.2 million. Excluding wildfire impact, net income would have been $8.1 million ($0.58 per share). Key highlights: - Gross written premiums increased 6% to $98.7 million - InsurTech grew 20% to $15.0 million - Net investment income rose 2% to $14.8 million - Book value per share decreased to $47.85 from $49.98 - Combined ratio deteriorated to 111.7% from 94.9% YoY - Excluding wildfires, combined ratio remained stable at 94.8% The company recently completed an internal reorganization, restructuring into three segments: Agency and Insurance Services, Belmont Insurance Companies - Core, and Belmont Insurance Companies - Non-Core.

Global Indemnity Group (NYSE:GBLI) has scheduled its first quarter 2025 earnings release and conference call. The company will publish its Q1 2025 financial results before the market opens on Wednesday, May 7, 2025. A conference call to discuss the quarterly results will be held the same day at 11:00 a.m. Eastern.

Investors and analysts can participate in the earnings call through the company's website at www.gbli.com or by dialing +1 (800) 715-9871. Participants will have the opportunity to submit questions to GBLI's management team regarding the Q1 2025 results either through the webcast or by phone.

Global Indemnity Group (NYSE:GBLI) reported strong financial results for 2024, with net income available to shareholders increasing 71% to $42.8 million ($3.12 per share) compared to $25.0 million ($1.83 per share) in 2023.

Key highlights include: operating income up 58% to $42.8 million, book value per share rising to $49.98, and investment income growing 13% to $62.4 million. The company's bond portfolio yield increased to 4.4%, with the investment portfolio growing 4% to $1.44 billion.

GBLI's underwriting performance improved with current accident year underwriting income reaching $18.8 million. The Penn-America segment posted $22.1 million in underwriting income with a 94.4% combined ratio. Catastrophe losses decreased 26% to $12.7 million. Notable growth areas include Penn-America's gross written premiums (+12% to $395.1 million), InsurTech (+17% to $56.3 million), and Assumed Reinsurance (+83% to $25.4 million).

Global Indemnity Group (NYSE:GBLI) has announced a quarterly distribution of $0.35 per common share. The distribution will be paid on March 28, 2025 to shareholders of record as of the close of business on March 21, 2025.