Welcome to our dedicated page for Global Indemnity Group news (Ticker: GBLI), a resource for investors and traders seeking the latest updates and insights on Global Indemnity Group stock.
Global Indemnity Group LLC (GBLI) provides specialty insurance solutions and reinsurance services for complex, niche risks. This page aggregates official company announcements and verified news updates for stakeholders tracking its commercial specialty underwriting, reinsurance operations, and market strategy.
Investors and industry professionals will find timely updates including earnings releases, leadership changes, product launches, and regulatory developments. The curated collection serves as a primary source for monitoring GBLI's positioning in high-risk markets and its reinsurance portfolio management.
Content is organized to highlight material developments across the company's core segments: Commercial Specialty insurance programs, global reinsurance partnerships, and strategic adjustments to exited lines. Regular updates ensure visibility into underwriting innovations and risk management practices.
Bookmark this page for streamlined access to Global Indemnity Group's latest communications. Check back frequently for authoritative reporting on specialty P&C market leadership and reinsurance capacity developments.
Global Indemnity Group (NYSE:GBLI) has announced that its Board of Directors approved a quarterly distribution of $0.35 per common share. The distribution will be paid on December 31, 2024, to shareholders of record as of the close of business on December 24, 2024.
Global Indemnity Group (NYSE:GBLI) reported strong financial results for the nine months ended September 30, 2024. Net income available to shareholders increased 77% to $33.9 million ($2.48 per share) compared to $19.2 million in 2023. Operating income rose 57% to $33.8 million. Book value per share grew to $49.88, while investment income increased 18% to $46.3 million. The company's Penn-America segment posted $17.6 million in underwriting income with a 93.9% combined ratio. Catastrophe losses declined 35% to $10.3 million. AM Best affirmed GBLI's A (Excellent) rating for its U.S. insurance subsidiaries.
Global Indemnity Group, (NYSE:GBLI) has announced its plans for the release of its third quarter 2024 earnings. The company will disclose its financial results before the market opens on Thursday, November 7, 2024. Following this, GBLI will host an earnings call at 11:00 a.m. Eastern on the same day to discuss the quarter's performance.
Investors and analysts can participate in the earnings call through two methods: by dialing +1 (800) 715-9871 or by joining the webcast available on the company's website at www.gbli.com. The webcast will also allow participants to submit written questions to GBLI's management regarding the third quarter 2024 results.
Global Indemnity Group, (NYSE:GBLI) has announced a quarterly distribution payment of $0.35 per common share. The distribution will be paid on October 7, 2024 to shareholders of record as of the close of business on September 30, 2024. This decision was approved by the company's Board of Directors.
Global Indemnity Group (NYSE:GBLI) reported strong financial results for the first half of 2024, with net income available to shareholders increasing 83% to $21.2 million or $1.55 per share. Key highlights include:
- Operating income up 51% to $20.6 million
- Book value per share increased to $48.56
- Investment income rose 18% to $29.8 million
- Current accident year underwriting income increased to $8.7 million
- Penn-America segment posted $9.9 million underwriting income
- Catastrophe losses declined 36% to $6.8 million
Additionally, AM Best affirmed GBLI's A (Excellent) rating for its U.S. insurance subsidiaries, citing the company's strongest level of risk-adjusted capitalization and consistently profitable commercial specialty segment.
Global Indemnity Group (NYSE:GBLI) will release its second quarter 2024 earnings before the market opens on August 7, 2024. The company will host an earnings call at 11:00 a.m. Eastern Time on the same day to discuss the results. The call will be webcast on GBLI's official website. Investors and analysts can participate by dialing +1 (800) 715-9871 or submitting questions through the webcast. This announcement provides an opportunity for stakeholders to gain insights into GBLI's financial performance for the second quarter of 2024.
Global Indemnity Group (NYSE: GBLI) announced a quarterly distribution payment of $0.35 per common share. This payment will be made on June 28, 2024, to all shareholders of record as of the close of business on June 21, 2024.
Global Indemnity Group, reported net income available to shareholders of $11.3 million for Q1 2024, a significant increase from $2.4 million in Q1 2023. The rise was due to strong underwriting results in the Penn-America business and a 21% increase in investment income. Gross written premiums declined by 24.0% to $93.5 million due to runoff in the Non-Core segment. Book value per share increased to $48.18 in March 2024, with a 2.1% rise from December 2023. Dividend per share increased by 40% to $0.35 in 2024.
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