GBLI Q1 net income jumps to $11.3M from $2.4M; combined ratio improves to 94.9%

Global Indemnity Group, LLC

2024-Q1 EPS reported $0.82 revenue$112,291,000

EPS diluted $0.82 vs $0.17 YoY; adjusted operating income $10.7M vs $3.7M.
Gross written premiums fell 24% to $93.5M due to Non-Core runoff; Penn-America core grew 7.1%.
Combined ratio improved to 94.9% from 101.0%; current accident year loss ratio down 8.2 pts.
Book value per share $48.18, up 2.1% including dividends; dividend raised 40% to $0.35/share.
Investment income rose 21% to $14.5M on higher interest rate positioning.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Global Indemnity Group, LLC reported the three months ended March 31, 2024 results: net income $11.3 million, EPS $0.82.

Period: the three months ended March 31, 2024
Net income: $11.3 million
EPS: $0.82
Result: reported results

Exact text from the filing

Global Indemnity Group, LLC Reports First Quarter 2024 Results Wilmington, Del., (May 8, 2024) – Global Indemnity Group, LLC (NYSE:GBLI) (the “Company”) today reported net income available to shareholders of $11.3 million for the three months ended March 31, 2024 compared to $2.4 million for the same period in 2023.

View on SEC.gov

708 earnings releases filed in the last 30 days. Browse all earnings releases →

Global Indemnity Group, LLC filing history →

Source: SEC EDGAR

accession 0001193125-24-133903

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.