Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
Global Indemnity Plc (GBLI)
NYSE:GBLI
Holding GBLI?
Track your performance easily
Earnings Data
Report Date
Mar 06, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.77Last Year’s EPS
$1.27Same Quarter Last Year
Based on 0 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Nov 07, 2024
|% Change Since: 4.35%
|Next Earnings Date:Mar 06, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted strong growth and improved performance in core insurance operations, with significant increases in investment income and net income. However, challenges remain with higher expense ratios and a decline in gross premiums due to the runoff of non-core segments.Company Guidance
During the Q3 2024 earnings call for Global Indemnity Group, several key financial metrics were discussed. The company reported a net income of $34.2 million for the first nine months of 2024, marking an increase from $19.5 million in the same period of 2023. The combined ratio for Penn-America, a core segment, improved to 93.9%, compared to 96.7% last year, contributing to a consolidated accident year combined ratio of 95%. Gross premiums for Penn-America grew by 12% to $293 million, while total catastrophe losses decreased by roughly 35% from 2023. Investment income rose by 18% to $46.3 million, driven by higher yields and strategic reinvestments. The company's book value per share increased to $49.88 as of September 30, 2024, up from $47.53 at the previous year-end.Insurance Revenue Growth
Total premium excluding terminated products increased by 12% through 9 months, driven by strong year-to-date 14% growth in Wholesale Commercial, InsurTech, and Assumed Reinsurance.
Improved Underwriting Performance
9-month combined ratio of 93.9% for the Penn-America segment, with total catastrophe losses down roughly 35% from 2023.
Investment Income Increase
Investment income increased by 18% to $46.3 million from a year ago.
Net Income Growth
Net income was $34.2 million compared to $19.5 million in 2023, with return to shareholders at 8.2% for the first 9 months of 2024.
Book Value Per Share Increase
Book value per share increased from $47.53 at year-end to $49.88 at September 30.
---
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
---
GBLI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $34.50 | $34.60 | +0.29% |
| Aug 07, 2024 | $31.27 | $31.85 | +1.85% |
| May 08, 2024 | $31.33 | $31.48 | +0.48% |
| Mar 13, 2024 | $29.25 | $29.44 | +0.65% |
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.
---
FAQ
When does Global Indemnity Plc (GBLI) report earnings?
Global Indemnity Plc (GBLI) is schdueled to report earning on Mar 06, 2025, TBA Not Confirmed.
What is Global Indemnity Plc (GBLI) earnings time?
Global Indemnity Plc (GBLI) earnings time is at Mar 06, 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 2024 (Q4) is $0.77.
---