Global Indemnity Q1 net loss $4.1M ($0.30/sh) on $12.2M California wildfire charge

Global Indemnity Group, LLC

2025-Q1 EPS reported -$0.30 revenue$108,651,000

Net loss $4.1M ($0.30 diluted EPS) vs net income $11.3M ($0.82) a year ago; includes $12.2M after-tax wildfire charge.
Ex-wildfires, net income $8.1M ($0.58/sh); current accident year combined ratio 94.8% excluding wildfires vs 94.9% last year.
Gross written premiums up 6% to $98.7M; InsurTech grew 20% to $15.0M; wholesale commercial up 6% to $64.9M.
Book value per share fell to $47.85 from $49.98 at Dec. 31, 2024; dividend maintained at $0.35/sh.
Belmont Core underwriting loss $11.6M vs income $5.6M last year; wildfire impact drove the swing.

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