STOCK TITAN

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 (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.

Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.83%
Tags
-
Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.52%
Tags
conferences earnings
-
Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.09%
Tags
none
Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.47%
Tags
-
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
-
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.66%
Tags
none
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.07%
Tags
dividends
-
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
-
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-15.34%
Tags
Global Indemnity Group Llc

NYSE:GBLI

GBLI Rankings

GBLI Stock Data

425.18M
7.45M
28.57%
54.42%
0.04%
Insurance - Property & Casualty
Fire, Marine & Casualty Insurance
Link
United States
BALA CYNWYD