GBLI: Global Indemnity's Improved Operating Results Support Near-Term Price Target of $50.00 [Yahoo! Finance]
Global Indemnity Group, LLC Class A (DE) (GBLI)
US:NASDAQ Investor Relations:
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Company Research
Source: Yahoo! Finance
Global Indemnity Group (NYSE:GBLI) reported 3rd quarter 2024 financial and operating results with net income and the combined ratio coming better than our expectations. Underwriting income was $5.8 million in the 3rd quarter compared to $3.5 million in the 2nd quarter and $0.7 million in the prior year period. Net income was $12.7 million, or $0.92 per diluted share compared to $10.0 million and EPS of $0.73 in the 2 nd quarter and $7.6 million and $0.55 per share in the prior year period. In the company's core operating subsidiary, Penn-America, gross written premiums in aggregate for Wholesale Commercial, InsurTech, and Assumed Reinsurance business grew by 14.0% in the first nine months of 2024. Gross written premiums for the Specialty Products line decreased 16.0% in the 1 st nine months of 2024 as a result of rate and underwriting actions taken to improve profitability in late 2022. We expect this segment to stabilize in 2025 and possibly return to growth in 2026. Penn-Americ
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GBLI
News
- Global Indemnity Group, LLC (NASDAQ: GBLI) is now covered by analysts at StockNews.com. They set a "buy" rating on the stock.MarketBeat
- Global Indemnity Group, LLC (NASDAQ: GBLI) is now covered by analysts at StockNews.com. They set a "buy" rating on the stock.MarketBeat
- Global Indemnity Group, LLC Announces Quarterly DistributionBusiness Wire
- Global Indemnity Group, LLC (NASDAQ: GBLI) is now covered by analysts at StockNews.com. They set a "buy" rating on the stock.MarketBeat
- Global Indemnity Group, LLC (NASDAQ: GBLI) is now covered by analysts at StockNews.com. They set a "buy" rating on the stock.MarketBeat
GBLI
Earnings
- 11/7/24 - Beat
GBLI
Sec Filings
- 12/18/24 - Form 8-K
- 11/14/24 - Form 13F-HR
- 11/7/24 - Form 10-Q
- GBLI's page on the SEC website