Global Indemnity reports Q1 operating income $8.3M; combined ratio 94.9% on 5.4% premium growth

Global Indemnity Group, LLC

2026-Q1 EPS reported $0.29 revenue$109,177,000

Operating income $8.3M ($0.57/share) vs operating loss $4.1M ($0.30) in Q1 2025, excluding $12.2M CA wildfire hit.
Net income $4.1M ($0.29/share) vs net loss $4.1M; current accident year combined ratio 94.9% vs 111.5%.
Net earned premiums up 5.4% to $98.4M; gross written premiums $96.5M (down 1.9%) reflecting competitive property market.
Net investment income $12.2M vs $14.8M; includes $2.3M decline on limited partnership expected to recover in Q2.
Book value per share $47.92 (down from $48.96); quarterly dividend $0.35/share maintained.

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