Global Indemnity posts $25M net income in 2023; adj. EPS $1.96, up 125%; dividend raised 40%

Global Indemnity Group, LLC

Net income available to shareholders $25.0M vs net loss $1.3M in 2022; diluted EPS $1.83 vs ($0.09).
Adjusted operating income per share $1.96, up 125% from $0.87; Penn-America accident year combined ratio 95.2%.
Net investment income $55.4M (+101% YoY); fixed income book yield rose to 4.0% from 2.3%.
Quarterly dividend increased 40% to $0.35/share, payable March 28, 2024; book value per share up 8.2% to $47.53.
Non-core operations gross written premium reduced 86%; calendar year combined ratio improved to 87.9% from 101.1%.

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Global Indemnity Group, LLC reported the twelve months ended December 31, 2023 results: revenue $ 473.4, net income $ 25.0, EPS $ 1.83.

Period: the twelve months ended December 31, 2023
Revenue: $ 473.4
Net income: $ 25.0
EPS: $ 1.83
Result: reported results

Exact text from the filing

For the Twelve Months Ended December 31, 2023 2022 Gross Written Premiums $ 416.4 $ 727.6 Net Written Premiums $ 399.3 $ 591.3 Net Earned Premiums $ 473.4 $ 602.5 Net income (loss) available to shareholders $ 25.0 $ (1.3 ) Net income (loss) available to shareholders per share $ 1.83 $ (0.09 )

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Global Indemnity Group, LLC filing history →

Source: SEC EDGAR

accession 0001193125-24-066432

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