GBLI
Global Indemnity Group, LLC28.09
-0.19-0.69%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Key Stats
Market Cap
402.36MP/E (TTM)
14.48Basic EPS (TTM)
1.94Dividend Yield
0.05%Recent Filings
8-K
Board reappointments effective 1/1/26
Global Indemnity Group reappointed six Designated Directors—Saul A. Fox, Joseph W. Brown, Fred E. Karlinsky, Bruce R. Lederman, Thomas M. McGeehan, and Jason C. Murgio—to its Board effective January 1, 2026, for a one-year term by the Class B Majority Shareholder, Fox Paine Entities. They retain committee roles in audit, risk, and acquisitions. Board continuity locked in. No new related-party deals disclosed beyond prior M&A advisory ties.
10-Q
Q3 FY2025 results
Global Indemnity grew gross written premiums 8.6% y/y to $108.4M in Q3 ended September 30, 2025, with net earned premiums up 4.5% y/y to $99.7M; current accident year combined ratio sharpened to 90.4% from 93.5%. Underwriting income doubled to $10.0M, fueled by Belmont Core's lower non-cat and cat property loss ratios, while net investment income rose 8.6% y/y to $17.9M on limited partnership gains. Net income held steady at $12.5M ($0.86 diluted EPS), matching prior year despite $4.0M equity losses; YTD net income fell to $18.9M from $34.2M on California wildfires and higher corporate expenses. Cash swelled to $75.4M on $15.1M operating cash flow, no debt. Closed Sayata acquisition August 2025 in all-cash deal. Runoff reinsurer disputes pose ongoing risk.
8-K
Q3 operating income jumps 19%
Global Indemnity Group reported Q3 operating income up 19% to $15.7M, fueled by 54% surge in current accident year underwriting income to $10.2M and 9% gross written premium growth to $108.4M. Underwriting sharpened to 90.4% combined ratio, while book value per share climbed 1.8% to $48.88. Strategic moves included Sayata acquisition and Nasdaq shift November 4.
8-K
Nasdaq listing transfer announced
Global Indemnity Group notified NYSE on October 21, 2025, of its plan to transfer Class A Common Stock listing to Nasdaq Global Select Market, with NYSE trading ending November 3 and Nasdaq starting November 4 under ticker GBLI. The move highlights its 2025 reorganization into Katalyx Holdings for MGAs and tech, and Belmont Holdings GX for five 'A'-rated carriers. Seamless shift. Risks include transfer timing and market disruptions.
8-K
Launches reinsurance MGA
Global Indemnity's Penn-America Underwriters launched its first reinsurance managing general agency on October 3, 2025, partnering with veteran executive George Dragonetti as President. This de novo venture expands the MGA platform under the Manifest initiative, leveraging Dragonetti's 30+ years in reinsurance for tailored solutions and growth. Execution risks remain.
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