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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, 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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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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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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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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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
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United States of America
BALA CYNWYD