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Global Indemnity Plc (GBLI)
NYSE:GBLI
Earnings Data
Report Date
May 07, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.23Last Year’s EPS
0.77Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 11, 2025
|% Change Since: 0.72%
|Next Earnings Date:May 07, 2025
Earnings Call Sentiment|Positive
The earnings call presented a generally positive outlook with strong growth in key segments, improved net income, and successful technology upgrades. However, significant wildfire losses and regulatory challenges in California present ongoing issues.Company Guidance
During the Global Indemnity Group's 2024 earnings call, several key metrics highlighted the company's financial and operational performance. The Penn America segment achieved a 12% increase in gross premiums, driven by a 17% growth in Insurtech and a 12% growth in wholesale commercial. The assumed reinsurance operation saw an 83% increase in its second year. The full-year underwriting result for the Penn America segment improved to 94.4%, compared to 95.2% in 2023, with catastrophe losses down 26% from the previous year. Net income rose to $43.2 million from $25.4 million in 2023, aided by a 13% increase in investment income. The consolidated combined ratio improved from 97.3% in 2023 to 95.4% in 2024. The company maintained a low duration fixed income portfolio, with a current book yield of 4.4%, and plans to increase the duration to 1.25 years by March 2025. Discretionary capital increased to $255 million, supporting future growth initiatives. The ongoing technology transformation reached 75% cloud migration, enhancing operational efficiency and setting a foundation for future expansion.Strong Insurance Revenue Growth
Insurance revenue momentum in the Penn America segment saw a 12% increase in gross premium in 2024, driven by a 17% growth in Insurtech and 12% growth in the largest division, wholesale commercial.
Improved Underwriting Results
The full-year underwriting result for the Penn America segment was 94.4%, an improvement from 95.2% in 2023, with total catastrophe losses down roughly 26% from the previous year.
Increased Net Income
Net income increased to $43.2 million in 2024 from $25.4 million in 2023, with an 8.1% return to shareholders including dividends.
Reinsurance Segment Expansion
The assumed reinsurance operation finished up 83% in 2024, with expectations for continued growth in the coming years.
Successful Technology Transformation
The transition to the cloud is above 75% completed, with new capabilities added to improve policy processing and service, which is expected to enhance efficiency and underwriting quality.
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GBLI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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GBLI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 11, 2025 | $34.70 | $35.90 | +3.46% |
| Nov 07, 2024 | $33.84 | $33.94 | +0.30% |
| Aug 07, 2024 | $30.68 | $31.24 | +1.83% |
| May 08, 2024 | $30.73 | $30.88 | +0.49% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Global Indemnity Plc (GBLI) report earnings?
Global Indemnity Plc (GBLI) is schdueled to report earning on May 07, 2025, TBA Not Confirmed.
What is Global Indemnity Plc (GBLI) earnings time?
Global Indemnity Plc (GBLI) earnings time is at May 07, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is GBLI EPS forecast?
GBLI EPS forecast for the fiscal quarter 2025 (Q1) is 0.23.
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