Global Indemnity Group 3/13/2024 Earnings Report

Global Indemnity Group EPS Results

• Actual EPS: $1.28
• Consensus EPS: $0.53
• Beat/Miss: Beat by +$0.75
• One Year Ago EPS: N/A

Global Indemnity Group Revenue Results

• Actual Revenue: $109.26 million
• Expected Revenue: $136.00 million
• Beat/Miss: Missed by -$26.74 million
• YoY Revenue Growth: N/A

Global Indemnity Group Announcement Details

• Date: 3/13/2024
• Time: N/A
• Conference Call Date: N/A
• Conference Call Time: N/A

Global Indemnity Group (NASDAQ:GBLI) (NASDAQ: GBLI) is a specialty property and casualty insurance holding company headquartered in Princeton, New Jersey. Through its subsidiaries, the company focuses on underwriting commercial niche insurance products designed to meet the needs of small to mid-sized businesses and select specialty markets. Its approach centers on disciplined underwriting, customized policy structures and targeted distribution channels to address coverage gaps often underserved by standard carriers.

The company’s product portfolio encompasses surety and fidelity bonds, workers’ compensation, general liability, commercial auto, professional liability and environmental liability. In addition to standard lines, Global Indemnity offers excess and surplus (E&S) insurance for risks that fall outside the appetite of admitted carriers. Its suite of surety products supports contractors, service firms and public entities with bid, performance and payment bonds. Workers’ compensation and liability solutions are tailored to industries ranging from construction and manufacturing to wholesale and distribution.

Founded in 1940, Global Indemnity has expanded its footprint through a combination of organic growth and strategic acquisitions, including specialty carriers in North America, Europe and Australia. The company maintains a network of independent agents and brokers who serve as its primary distribution partners. Leadership is headed by Chief Executive Officer John E. Skvarla, who brings over two decades of industry experience, supported by a senior management team with deep underwriting and risk-management expertise. Global Indemnity’s long-term strategy emphasizes disciplined risk selection, loss control services and the development of niche products aligned with evolving customer needs.