Global Indemnity reports Q2 net income of $9.2M vs year-ago loss; adjusted op income $6.9M

Global Indemnity Group, LLC

2023-Q2 EPS reported $0.84 revenue$292,807,000

Net income available to shareholders Q2 2023: $9.2M vs net loss $12.3M in Q2 2022; six-month net income $11.6M vs loss $27.2M.
Adjusted operating income Q2 2023: $6.9M vs $4.2M; combined ratio improved to 97.0% from 98.7%.
Package Specialty E&S gross written premiums up 13.0% to $62.6M; Targeted Specialty E&S down 28.4% to $32.6M on underwriting actions.
Net investment income surged to $13.2M from $1.9M; fixed income book yield 3.8% at June 30.
Book value per share $46.03, up 2.6% from year-end; property cat reinsurance renewed at 49% cost reduction.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Global Indemnity Group, LLC reported financial results for the second quarter ended June 30, 2023.

Period: the second quarter ended June 30, 2023
Result: reported results

Exact text from the filing

On August 8, 2023, Global Indemnity Group, LLC (the “Company”) issued a press release announcing the Company’s financial results for the second quarter ended June 30, 2023.

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Source: SEC EDGAR

accession 0001193125-23-205645

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