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Global Indemnity Group, LLC - GBLI STOCK NEWS

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 (NASDAQ: GBLI) is a prominent holding company formed in 2010 under the laws of Ireland. It operates through several specialized segments, including 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.

Global Indemnity offers a wide array of insurance and reinsurance products designed to cater to a diverse customer base. These encompass specialty property and casualty coverages tailored for unique risks, programs, and niches typically underserved by standard insurance and reinsurance firms. Each segment targets specific markets and distribution channels, providing the company with valuable opportunities and flexibility in conducting business.

The company's operations are divided into three primary segments: Commercial Specialty, Reinsurance Operations, and Exited Lines, with the majority of revenue generated from the Commercial Specialty segment. Geographically, a significant portion of revenue originates from California. Through its multi-channel distribution network, which includes both U.S. and international markets, Global Indemnity effectively reaches a broad spectrum of clients.

Recently, Global Indemnity has made strides in enhancing its market presence and diversifying its product offerings. The company maintains a strong financial position, allowing it to form strategic partnerships and support its extensive range of services and products. With its specialized segments and customer-centric approach, Global Indemnity continues to be a significant player in the insurance and reinsurance industry.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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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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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FAQ

What is the current stock price of Global Indemnity Group (GBLI)?

The current stock price of Global Indemnity Group (GBLI) is $36 as of December 20, 2024.

What is the market cap of Global Indemnity Group (GBLI)?

The market cap of Global Indemnity Group (GBLI) is approximately 490.3M.

What is Global Indemnity Group, LLC?

Global Indemnity Group, LLC is a holding company offering a wide array of specialty property and casualty insurance coverages and reinsurance products.

When was Global Indemnity Group, LLC formed?

Global Indemnity Group, LLC was formed in 2010 under the laws of Ireland.

What are the main operating segments of Global Indemnity?

The main operating segments include Commercial Specialty, Reinsurance Operations, and Exited Lines.

What types of products does Global Indemnity offer?

Global Indemnity offers specialty property and casualty coverages designed for unique risks, programs, and niches.

Which segments generated the majority of Global Indemnity's revenue?

The majority of Global Indemnity's revenue comes from the Commercial Specialty segment.

What geographical area contributes most to Global Indemnity’s revenue?

A significant portion of Global Indemnity's revenue comes from California.

Who are the subsidiaries of Global Indemnity Group, LLC?

Subsidiaries include 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.

What kind of distribution network does Global Indemnity have?

Global Indemnity has a multi-channel distribution network that includes both U.S. and international markets.

What recent achievements has Global Indemnity made?

Global Indemnity has enhanced its market presence and diversified its product offerings while maintaining a strong financial position.

How does Global Indemnity Group, LLC support its operations?

The company forms strategic partnerships and has a robust financial condition to support its extensive range of services and products.

Global Indemnity Group, LLC

NYSE:GBLI

GBLI Rankings

GBLI Stock Data

490.30M
6.92M
30.07%
57.15%
0.05%
Insurance - Property & Casualty
Fire, Marine & Casualty Insurance
Link
United States of America
BALA CYNWYD