Global Indemnity reports 71% increase in FY2024 net income to $42.8M

Global Indemnity Group, LLC

Net income available to common shareholders $42.8M ($3.12 diluted EPS) vs $25.0M ($1.83) in 2023.
Book value per share rose to $49.98 from $47.53; including dividends increased 8.1%.
Combined ratio improved to 95.6% from 99.7%; current accident year underwriting income up 31% to $18.8M.
Penn-America gross written premiums grew 12% (ex-terminated) to $395.1M; InsurTech up 17%.
Investment income up 13% to $62.4M; bond portfolio book yield 4.4% vs 4.0% a year ago.

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