Global Indemnity FY2025 net income $24.9M ($1.75/sh), down 42%; underlying combined ratio improves to 92.2%

Global Indemnity Group, LLC

Net income available to common shareholders $24.9M ($1.75 diluted EPS), down from $42.8M ($3.12) in 2024.
California wildfires caused $12.0M after-tax loss ($0.84/sh); excluding wildfires, operating income $40.2M ($2.79/sh).
Current accident year combined ratio excluding wildfires improved to 92.2% from 95.4% in 2024.
Belmont Core gross written premiums ex-terminated products grew 9.2%; overall gross written premiums up slightly to $398.9M.
Book value per share $48.96 vs $49.98; adjusted for dividends, grew 1%; dividend maintained at $1.40/sh.

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