Annual Income Statements for Global Indemnity Group
This table shows Global Indemnity Group's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.
Quarterly Income Statements for Global Indemnity Group
This table shows Global Indemnity Group's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.
Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Net Income / (Loss) Attributable to Common Shareholders |
|
24 |
2.23 |
2.38 |
9.23 |
7.59 |
5.79 |
11 |
9.98 |
13 |
8.91 |
Consolidated Net Income / (Loss) |
|
24 |
2.34 |
2.49 |
9.34 |
7.70 |
5.90 |
11 |
10 |
13 |
9.02 |
Net Income / (Loss) Continuing Operations |
|
24 |
2.34 |
2.49 |
9.34 |
7.70 |
5.90 |
11 |
10 |
13 |
9.02 |
Total Pre-Tax Income |
|
31 |
1.76 |
3.07 |
12 |
9.46 |
8.74 |
14 |
13 |
16 |
12 |
Total Revenue |
|
195 |
156 |
151 |
142 |
126 |
109 |
112 |
109 |
112 |
108 |
Net Interest Income / (Expense) |
|
0.00 |
0.00 |
0.00 |
-0.01 |
0.00 |
0.01 |
0.00 |
-0.02 |
0.00 |
0.02 |
Total Interest Expense |
|
0.00 |
-0.00 |
0.00 |
0.01 |
0.00 |
-0.01 |
0.00 |
0.02 |
0.00 |
-0.02 |
Total Non-Interest Income |
|
195 |
156 |
151 |
142 |
126 |
109 |
112 |
109 |
112 |
108 |
Other Service Charges |
|
30 |
0.53 |
0.35 |
0.28 |
0.30 |
0.50 |
0.35 |
0.36 |
0.37 |
0.29 |
Net Realized & Unrealized Capital Gains on Investments |
|
11 |
11 |
10 |
12 |
14 |
16 |
15 |
16 |
16 |
16 |
Premiums Earned |
|
154 |
144 |
140 |
129 |
112 |
92 |
97 |
93 |
95 |
92 |
Total Non-Interest Expense |
|
163 |
154 |
148 |
130 |
117 |
101 |
98 |
96 |
96 |
96 |
Property & Liability Insurance Claims |
|
88 |
93 |
88 |
78 |
65 |
58 |
53 |
54 |
52 |
54 |
Insurance Policy Acquisition Costs |
|
61 |
58 |
53 |
47 |
46 |
36 |
38 |
36 |
38 |
36 |
Other Operating Expenses |
|
14 |
2.70 |
6.37 |
4.99 |
5.28 |
6.75 |
6.37 |
6.37 |
5.92 |
7.03 |
Income Tax Expense |
|
7.44 |
-0.58 |
0.57 |
2.37 |
1.76 |
2.84 |
2.90 |
2.58 |
3.13 |
3.11 |
Preferred Stock Dividends Declared |
|
0.11 |
0.11 |
0.11 |
0.11 |
0.11 |
0.11 |
0.11 |
0.11 |
0.11 |
0.11 |
Basic Earnings per Share |
|
$1.62 |
$0.16 |
$0.17 |
$0.68 |
$0.56 |
$0.43 |
$0.83 |
$0.73 |
$0.93 |
$0.65 |
Weighted Average Basic Shares Outstanding |
|
14.59M |
14.48M |
13.67M |
13.48M |
13.52M |
13.55M |
13.58M |
13.61M |
13.66M |
13.64M |
Diluted Earnings per Share |
|
$1.60 |
$0.18 |
$0.17 |
$0.67 |
$0.55 |
$0.44 |
$0.82 |
$0.73 |
$0.92 |
$0.65 |
Weighted Average Diluted Shares Outstanding |
|
14.80M |
14.48M |
13.93M |
13.71M |
13.81M |
13.67M |
13.69M |
13.68M |
13.80M |
13.71M |
Weighted Average Basic & Diluted Shares Outstanding |
|
14.62M |
13.64M |
13.47M |
13.52M |
13.54M |
13.58M |
13.60M |
13.66M |
13.69M |
14.81M |
Cash Dividends to Common per Share |
|
$0.25 |
$0.25 |
$0.25 |
$0.25 |
$0.25 |
$0.25 |
$0.35 |
$0.35 |
$0.35 |
$0.35 |
Annual Cash Flow Statements for Global Indemnity Group
This table details how cash moves in and out of Global Indemnity Group's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.
Metric |
2022 |
2023 |
2024 |
Net Change in Cash & Equivalents |
-39 |
-0.81 |
-21 |
Net Cash From Operating Activities |
44 |
43 |
39 |
Net Cash From Continuing Operating Activities |
44 |
43 |
39 |
Net Income / (Loss) Continuing Operations |
-0.85 |
25 |
43 |
Consolidated Net Income / (Loss) |
-0.85 |
25 |
43 |
Depreciation Expense |
8.40 |
6.20 |
5.76 |
Amortization Expense |
1.31 |
-6.75 |
-16 |
Non-Cash Adjustments to Reconcile Net Income |
27 |
5.37 |
17 |
Changes in Operating Assets and Liabilities, net |
8.51 |
13 |
-12 |
Net Cash From Investing Activities |
80 |
-16 |
-40 |
Net Cash From Continuing Investing Activities |
80 |
-16 |
-40 |
Purchase of Investment Securities |
-1,175 |
-449 |
-1,140 |
Sale and/or Maturity of Investments |
1,255 |
432 |
1,100 |
Net Cash From Financing Activities |
-164 |
-27 |
-20 |
Net Cash From Continuing Financing Activities |
-164 |
-27 |
-20 |
Issuance of Debt |
0.00 |
0.00 |
0.00 |
Issuance of Preferred Equity |
0.00 |
0.00 |
0.00 |
Issuance of Common Equity |
3.34 |
0.00 |
0.00 |
Repayment of Debt |
-130 |
0.00 |
0.00 |
Repurchase of Common Equity |
-22 |
-13 |
-0.53 |
Payment of Dividends |
-15 |
-15 |
-20 |
Quarterly Cash Flow Statements for Global Indemnity Group
This table details how cash moves in and out of Global Indemnity Group's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.
Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Net Change in Cash & Equivalents |
|
-41 |
20 |
-3.11 |
9.71 |
1.02 |
-8.43 |
0.82 |
7.87 |
-16 |
-14 |
Net Cash From Operating Activities |
|
23 |
2.49 |
5.33 |
8.85 |
23 |
6.13 |
23 |
14 |
15 |
-13 |
Net Cash From Continuing Operating Activities |
|
23 |
2.49 |
5.33 |
8.85 |
23 |
6.13 |
23 |
14 |
15 |
-13 |
Net Income / (Loss) Continuing Operations |
|
24 |
2.34 |
2.49 |
9.34 |
7.70 |
5.90 |
11 |
10 |
13 |
9.02 |
Consolidated Net Income / (Loss) |
|
24 |
2.34 |
2.49 |
9.34 |
7.70 |
5.90 |
11 |
10 |
13 |
9.02 |
Depreciation Expense |
|
3.17 |
1.96 |
1.69 |
1.66 |
1.46 |
1.40 |
1.31 |
1.35 |
1.33 |
1.77 |
Amortization Expense |
|
-0.29 |
-0.07 |
-0.55 |
-1.18 |
-2.15 |
-2.88 |
-4.26 |
-7.12 |
-5.61 |
1.33 |
Non-Cash Adjustments to Reconcile Net Income |
|
-15 |
-0.35 |
-1.79 |
3.86 |
4.27 |
-0.97 |
0.02 |
5.12 |
6.56 |
5.45 |
Changes in Operating Assets and Liabilities, net |
|
11 |
-1.39 |
3.48 |
-4.83 |
11 |
2.68 |
14 |
4.81 |
0.27 |
-31 |
Net Cash From Investing Activities |
|
-64 |
43 |
2.15 |
11 |
-21 |
-7.69 |
-17 |
-0.73 |
-31 |
9.09 |
Net Cash From Continuing Investing Activities |
|
-64 |
43 |
2.15 |
11 |
-21 |
-7.69 |
-17 |
-0.73 |
-31 |
9.09 |
Purchase of Investment Securities |
|
-244 |
-60 |
-60 |
-75 |
-147 |
-166 |
-168 |
-255 |
-260 |
-457 |
Sale and/or Maturity of Investments |
|
181 |
108 |
63 |
86 |
125 |
158 |
151 |
254 |
229 |
467 |
Net Cash From Financing Activities |
|
-0.22 |
-26 |
-11 |
-9.79 |
-0.11 |
-6.88 |
-4.91 |
-5.65 |
-0.11 |
-9.68 |
Net Cash From Continuing Financing Activities |
|
-0.22 |
-26 |
-11 |
-9.79 |
-0.11 |
-6.88 |
-4.91 |
-5.65 |
-0.11 |
-9.68 |
Payment of Dividends |
|
-0.22 |
-7.12 |
-4.03 |
-3.67 |
-0.11 |
-6.88 |
-4.91 |
-5.13 |
-0.11 |
-9.68 |
Annual Balance Sheets for Global Indemnity Group
This table presents Global Indemnity Group's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.
Metric |
2022 |
2023 |
2024 |
Total Assets |
1,801 |
1,730 |
1,731 |
Cash and Due from Banks |
39 |
38 |
17 |
Trading Account Securities |
1,266 |
1,314 |
1,394 |
Loans and Leases, Net of Allowance |
0.00 |
0.00 |
0.00 |
Unearned Premiums Asset |
272 |
188 |
145 |
Deferred Acquisition Cost |
65 |
42 |
41 |
Goodwill |
4.82 |
4.82 |
4.82 |
Intangible Assets |
15 |
14 |
14 |
Other Assets |
140 |
128 |
115 |
Total Liabilities & Shareholders' Equity |
1,801 |
1,730 |
1,731 |
Total Liabilities |
1,175 |
1,081 |
1,042 |
Long-Term Debt |
0.00 |
0.00 |
0.00 |
Claims and Claim Expense |
832 |
851 |
800 |
Unearned Premiums Liability |
269 |
183 |
183 |
Other Long-Term Liabilities |
73 |
47 |
58 |
Commitments & Contingencies |
0.00 |
0.00 |
0.00 |
Total Equity & Noncontrolling Interests |
626 |
649 |
689 |
Total Preferred & Common Equity |
626 |
649 |
689 |
Preferred Stock |
4.00 |
4.00 |
4.00 |
Total Common Equity |
622 |
645 |
685 |
Common Stock |
451 |
455 |
460 |
Retained Earnings |
233 |
245 |
269 |
Treasury Stock |
-19 |
-32 |
-33 |
Accumulated Other Comprehensive Income / (Loss) |
-43 |
-23 |
-10 |
Quarterly Balance Sheets for Global Indemnity Group
This table presents Global Indemnity Group's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.
Metric |
|
Q3 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Total Assets |
|
1,879 |
1,777 |
1,774 |
1,768 |
1,728 |
1,739 |
1,761 |
Cash and Due from Banks |
|
19 |
36 |
45 |
46 |
39 |
47 |
31 |
Trading Account Securities |
|
1,299 |
1,275 |
1,320 |
1,304 |
1,243 |
1,388 |
1,408 |
Loans and Leases, Net of Allowance |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Unearned Premiums Asset |
|
325 |
256 |
248 |
224 |
173 |
160 |
153 |
Deferred Acquisition Cost |
|
70 |
58 |
52 |
46 |
40 |
41 |
41 |
Goodwill |
|
4.82 |
4.82 |
4.82 |
4.82 |
4.82 |
4.82 |
4.82 |
Intangible Assets |
|
15 |
15 |
15 |
15 |
14 |
14 |
14 |
Other Assets |
|
146 |
133 |
89 |
128 |
213 |
83 |
110 |
Total Liabilities & Shareholders' Equity |
|
1,879 |
1,777 |
1,774 |
1,768 |
1,728 |
1,739 |
1,761 |
Total Liabilities |
|
1,236 |
1,149 |
1,148 |
1,137 |
1,069 |
1,071 |
1,074 |
Short-Term Debt |
|
0.10 |
1.01 |
22 |
21 |
0.00 |
0.00 |
0.00 |
Long-Term Debt |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Claims and Claim Expense |
|
826 |
858 |
867 |
862 |
854 |
844 |
840 |
Unearned Premiums Liability |
|
331 |
242 |
215 |
196 |
177 |
182 |
183 |
Other Long-Term Liabilities |
|
79 |
49 |
43 |
59 |
39 |
45 |
51 |
Commitments & Contingencies |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Total Equity & Noncontrolling Interests |
|
644 |
628 |
626 |
631 |
659 |
667 |
687 |
Total Preferred & Common Equity |
|
644 |
628 |
626 |
631 |
659 |
667 |
687 |
Preferred Stock |
|
4.00 |
4.00 |
4.00 |
4.00 |
4.00 |
4.00 |
4.00 |
Total Common Equity |
|
640 |
624 |
622 |
627 |
655 |
663 |
683 |
Common Stock |
|
451 |
452 |
453 |
454 |
456 |
458 |
459 |
Retained Earnings |
|
235 |
233 |
238 |
243 |
251 |
257 |
265 |
Treasury Stock |
|
-0.90 |
-26 |
-32 |
-32 |
-32 |
-33 |
-33 |
Accumulated Other Comprehensive Income / (Loss) |
|
-45 |
-35 |
-37 |
-38 |
-20 |
-18 |
-7.85 |
Annual Metrics And Ratios for Global Indemnity Group
This table displays calculated financial ratios and metrics derived from Global Indemnity Group's official financial filings.
Metric |
2022 |
2023 |
2024 |
Growth Metrics |
- |
- |
- |
Revenue Growth |
-6.33% |
-15.57% |
-16.46% |
EBITDA Growth |
-76.58% |
177.69% |
38.97% |
EBIT Growth |
-93.99% |
1,573.06% |
66.65% |
NOPAT Growth |
-102.90% |
3,091.65% |
70.05% |
Net Income Growth |
-102.90% |
3,091.65% |
70.05% |
EPS Growth |
-104.57% |
2,133.33% |
70.49% |
Operating Cash Flow Growth |
-51.28% |
-3.05% |
-9.45% |
Free Cash Flow Firm Growth |
361.51% |
-98.56% |
-4.24% |
Invested Capital Growth |
-24.89% |
3.59% |
6.23% |
Revenue Q/Q Growth |
-4.71% |
-8.07% |
-0.18% |
EBITDA Q/Q Growth |
-73.41% |
12.51% |
21.50% |
EBIT Q/Q Growth |
-93.42% |
26.84% |
6.58% |
NOPAT Q/Q Growth |
-103.87% |
16.27% |
7.79% |
Net Income Q/Q Growth |
-103.87% |
16.27% |
7.79% |
EPS Q/Q Growth |
-106.25% |
16.56% |
7.22% |
Operating Cash Flow Q/Q Growth |
-33.47% |
9.29% |
-33.48% |
Free Cash Flow Firm Q/Q Growth |
3.42% |
-79.22% |
-38.86% |
Invested Capital Q/Q Growth |
-2.70% |
-0.39% |
0.35% |
Profitability Metrics |
- |
- |
- |
EBITDA Margin |
1.87% |
6.14% |
10.21% |
EBIT Margin |
0.32% |
6.24% |
12.46% |
Profit (Net Income) Margin |
-0.14% |
4.81% |
9.80% |
Tax Burden Percent |
-43.13% |
77.11% |
78.68% |
Interest Burden Percent |
100.00% |
100.00% |
100.00% |
Effective Tax Rate |
143.13% |
22.89% |
21.32% |
Return on Invested Capital (ROIC) |
-0.12% |
3.99% |
6.46% |
ROIC Less NNEP Spread (ROIC-NNEP) |
-0.12% |
3.99% |
0.00% |
Return on Net Nonoperating Assets (RNNOA) |
-0.01% |
0.00% |
0.00% |
Return on Equity (ROE) |
-0.13% |
3.99% |
0.00% |
Cash Return on Invested Capital (CROIC) |
28.31% |
0.47% |
0.43% |
Operating Return on Assets (OROA) |
0.10% |
1.87% |
3.18% |
Return on Assets (ROA) |
-0.04% |
1.44% |
2.50% |
Return on Common Equity (ROCE) |
-0.13% |
3.96% |
0.00% |
Return on Equity Simple (ROE_SIMPLE) |
-0.14% |
3.92% |
6.27% |
Net Operating Profit after Tax (NOPAT) |
-0.85 |
25 |
43 |
NOPAT Margin |
-0.14% |
4.81% |
9.80% |
Net Nonoperating Expense Percent (NNEP) |
0.00% |
0.00% |
0.00% |
SG&A Expenses to Revenue |
0.00% |
0.00% |
0.00% |
Operating Expenses to Revenue |
99.68% |
93.76% |
87.54% |
Earnings before Interest and Taxes (EBIT) |
1.97 |
33 |
55 |
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) |
12 |
32 |
45 |
Valuation Ratios |
- |
- |
- |
Price to Book Value (P/BV) |
0.51 |
0.65 |
0.72 |
Price to Tangible Book Value (P/TBV) |
0.52 |
0.67 |
0.74 |
Price to Revenue (P/Rev) |
0.51 |
0.79 |
1.12 |
Price to Earnings (P/E) |
0.00 |
16.73 |
11.51 |
Dividend Yield |
4.63% |
3.24% |
3.89% |
Earnings Yield |
0.00% |
5.98% |
8.69% |
Enterprise Value to Invested Capital (EV/IC) |
0.45 |
0.59 |
0.70 |
Enterprise Value to Revenue (EV/Rev) |
0.45 |
0.73 |
1.09 |
Enterprise Value to EBITDA (EV/EBITDA) |
24.07 |
11.84 |
10.65 |
Enterprise Value to EBIT (EV/EBIT) |
142.62 |
11.65 |
8.73 |
Enterprise Value to NOPAT (EV/NOPAT) |
0.00 |
15.10 |
11.09 |
Enterprise Value to Operating Cash Flow (EV/OCF) |
6.35 |
8.95 |
12.35 |
Enterprise Value to Free Cash Flow (EV/FCFF) |
1.36 |
129.26 |
168.63 |
Leverage & Solvency |
- |
- |
- |
Debt to Equity |
0.00 |
0.00 |
0.00 |
Long-Term Debt to Equity |
0.00 |
0.00 |
0.00 |
Financial Leverage |
0.10 |
0.00 |
0.00 |
Leverage Ratio |
2.86 |
2.77 |
2.59 |
Compound Leverage Factor |
2.86 |
2.77 |
2.59 |
Debt to Total Capital |
0.01% |
0.00% |
0.00% |
Short-Term Debt to Total Capital |
0.01% |
0.00% |
0.00% |
Long-Term Debt to Total Capital |
0.00% |
0.00% |
0.00% |
Preferred Equity to Total Capital |
0.64% |
0.62% |
0.58% |
Noncontrolling Interests to Total Capital |
0.00% |
0.00% |
0.00% |
Common Equity to Total Capital |
99.35% |
99.38% |
99.42% |
Debt to EBITDA |
0.01 |
0.00 |
0.00 |
Net Debt to EBITDA |
-3.32 |
0.00 |
0.00 |
Long-Term Debt to EBITDA |
0.00 |
0.00 |
0.00 |
Debt to NOPAT |
-0.08 |
0.00 |
0.00 |
Net Debt to NOPAT |
45.62 |
0.00 |
0.00 |
Long-Term Debt to NOPAT |
0.00 |
0.00 |
0.00 |
Noncontrolling Interest Sharing Ratio |
0.60% |
0.63% |
0.60% |
Liquidity Ratios |
- |
- |
- |
Cash Flow Metrics |
- |
- |
- |
Free Cash Flow to Firm (FCFF) |
207 |
2.97 |
2.85 |
Operating Cash Flow to CapEx |
0.00% |
0.00% |
0.00% |
Free Cash Flow to Firm to Interest Expense |
68.81 |
0.00 |
0.00 |
Operating Cash Flow to Interest Expense |
14.73 |
0.00 |
0.00 |
Operating Cash Flow Less CapEx to Interest Expense |
14.73 |
0.00 |
0.00 |
Efficiency Ratios |
- |
- |
- |
Asset Turnover |
0.33 |
0.30 |
0.26 |
Fixed Asset Turnover |
0.00 |
0.00 |
0.00 |
Capital & Investment Metrics |
- |
- |
- |
Invested Capital |
626 |
649 |
689 |
Invested Capital Turnover |
0.86 |
0.83 |
0.66 |
Increase / (Decrease) in Invested Capital |
-208 |
22 |
40 |
Enterprise Value (EV) |
281 |
384 |
480 |
Market Capitalization |
316 |
418 |
493 |
Book Value per Share |
$42.57 |
$47.61 |
$50.06 |
Tangible Book Value per Share |
$41.23 |
$46.19 |
$48.67 |
Total Capital |
626 |
649 |
689 |
Total Debt |
0.07 |
0.00 |
0.00 |
Total Long-Term Debt |
0.00 |
0.00 |
0.00 |
Net Debt |
-39 |
-38 |
-17 |
Capital Expenditures (CapEx) |
0.00 |
0.00 |
0.00 |
Net Nonoperating Expense (NNE) |
0.00 |
0.00 |
0.00 |
Net Nonoperating Obligations (NNO) |
0.07 |
0.00 |
0.00 |
Total Depreciation and Amortization (D&A) |
9.71 |
-0.55 |
-9.89 |
Earnings Adjustments |
- |
- |
- |
Adjusted Basic Earnings per Share |
($0.09) |
$1.84 |
$3.14 |
Adjusted Weighted Average Basic Shares Outstanding |
14.48M |
13.55M |
13.64M |
Adjusted Diluted Earnings per Share |
($0.09) |
$1.83 |
$3.12 |
Adjusted Weighted Average Diluted Shares Outstanding |
14.48M |
13.67M |
13.71M |
Adjusted Basic & Diluted Earnings per Share |
$0.00 |
$0.00 |
$0.00 |
Adjusted Weighted Average Basic & Diluted Shares Outstanding |
13.64M |
13.58M |
14.81M |
Normalized Net Operating Profit after Tax (NOPAT) |
3.85 |
25 |
43 |
Normalized NOPAT Margin |
0.62% |
4.81% |
9.80% |
Pre Tax Income Margin |
0.32% |
6.24% |
12.46% |
Debt Service Ratios |
- |
- |
- |
EBIT to Interest Expense |
0.66 |
0.00 |
0.00 |
NOPAT to Interest Expense |
-0.28 |
0.00 |
0.00 |
EBIT Less CapEx to Interest Expense |
0.66 |
0.00 |
0.00 |
NOPAT Less CapEx to Interest Expense |
-0.28 |
0.00 |
0.00 |
Payout Ratios |
- |
- |
- |
Dividend Payout Ratio |
-1,741.88% |
57.76% |
45.86% |
Augmented Payout Ratio |
-4,369.53% |
107.61% |
47.08% |
Quarterly Metrics And Ratios for Global Indemnity Group
This table displays calculated financial ratios and metrics derived from Global Indemnity Group's official financial filings.
Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Growth Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Revenue Growth |
|
18.37% |
-16.58% |
18.03% |
-3.78% |
-35.21% |
-29.79% |
-25.59% |
-23.41% |
-11.34% |
-0.74% |
EBITDA Growth |
|
683.05% |
-89.82% |
127.89% |
211.23% |
-74.24% |
98.66% |
168.89% |
-43.28% |
32.28% |
109.83% |
EBIT Growth |
|
429.22% |
-94.08% |
116.86% |
191.55% |
-69.65% |
396.20% |
365.11% |
8.25% |
67.86% |
38.84% |
NOPAT Growth |
|
458.14% |
-90.71% |
119.59% |
204.31% |
-67.57% |
152.16% |
355.73% |
8.10% |
65.71% |
52.97% |
Net Income Growth |
|
407.87% |
-90.71% |
116.88% |
176.77% |
-67.57% |
152.16% |
355.73% |
8.10% |
65.71% |
52.97% |
EPS Growth |
|
396.30% |
-89.47% |
116.50% |
179.76% |
-65.63% |
144.44% |
382.35% |
8.96% |
67.27% |
47.73% |
Operating Cash Flow Growth |
|
25.44% |
-89.95% |
152.93% |
-68.99% |
-3.04% |
146.64% |
325.76% |
61.20% |
-32.17% |
-318.70% |
Free Cash Flow Firm Growth |
|
726.86% |
416.85% |
560.34% |
-93.52% |
-99.94% |
-107.89% |
-111.15% |
-176.12% |
-17,564.62% |
-89.46% |
Invested Capital Growth |
|
-21.65% |
-24.89% |
-20.96% |
-0.36% |
1.18% |
3.59% |
4.81% |
2.92% |
5.45% |
6.23% |
Revenue Q/Q Growth |
|
31.97% |
-20.02% |
-3.03% |
-5.99% |
-11.15% |
-13.32% |
2.76% |
-3.22% |
2.84% |
-2.95% |
EBITDA Q/Q Growth |
|
410.93% |
-89.27% |
15.10% |
189.64% |
-28.00% |
-17.23% |
55.79% |
-38.91% |
67.92% |
31.29% |
EBIT Q/Q Growth |
|
343.85% |
-94.35% |
74.16% |
281.74% |
-19.17% |
-7.66% |
63.25% |
-11.15% |
25.34% |
-23.63% |
NOPAT Q/Q Growth |
|
365.27% |
-90.15% |
6.63% |
274.38% |
-17.53% |
-23.40% |
92.71% |
-11.20% |
26.42% |
-29.29% |
Net Income Q/Q Growth |
|
295.25% |
-90.15% |
6.63% |
274.38% |
-17.53% |
-23.40% |
92.71% |
-11.20% |
26.42% |
-29.29% |
EPS Q/Q Growth |
|
290.48% |
-88.75% |
-5.56% |
294.12% |
-17.91% |
-20.00% |
86.36% |
-10.98% |
26.03% |
-29.35% |
Operating Cash Flow Q/Q Growth |
|
-18.34% |
-89.32% |
114.15% |
66.07% |
155.30% |
-72.84% |
269.68% |
-37.12% |
7.42% |
-187.59% |
Free Cash Flow Firm Q/Q Growth |
|
12.12% |
4.09% |
-19.31% |
-93.12% |
-98.88% |
-12,838.46% |
-14.03% |
53.01% |
-155.85% |
-38.19% |
Invested Capital Q/Q Growth |
|
-1.10% |
-2.70% |
0.47% |
3.06% |
0.42% |
-0.39% |
1.66% |
1.21% |
2.88% |
0.35% |
Profitability Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBITDA Margin |
|
17.51% |
2.35% |
2.79% |
8.59% |
6.96% |
6.64% |
10.07% |
6.36% |
10.38% |
14.05% |
EBIT Margin |
|
16.03% |
1.13% |
2.03% |
8.25% |
7.51% |
8.00% |
12.70% |
11.66% |
14.21% |
11.19% |
Profit (Net Income) Margin |
|
12.20% |
1.50% |
1.65% |
6.58% |
6.11% |
5.40% |
10.12% |
9.29% |
11.42% |
8.32% |
Tax Burden Percent |
|
76.15% |
132.82% |
81.32% |
79.75% |
81.37% |
67.50% |
79.68% |
79.64% |
80.33% |
74.37% |
Interest Burden Percent |
|
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
Effective Tax Rate |
|
23.85% |
-32.82% |
18.68% |
20.25% |
18.63% |
32.50% |
20.32% |
20.36% |
19.67% |
25.63% |
Return on Invested Capital (ROIC) |
|
10.93% |
1.29% |
1.50% |
6.51% |
5.42% |
4.47% |
7.69% |
6.44% |
7.54% |
5.49% |
ROIC Less NNEP Spread (ROIC-NNEP) |
|
10.93% |
1.29% |
1.50% |
6.51% |
5.42% |
4.47% |
7.69% |
6.44% |
7.54% |
0.00% |
Return on Net Nonoperating Assets (RNNOA) |
|
1.03% |
0.12% |
0.15% |
0.16% |
0.09% |
0.00% |
0.01% |
0.11% |
0.12% |
0.00% |
Return on Equity (ROE) |
|
11.97% |
1.41% |
1.65% |
6.68% |
5.51% |
4.47% |
7.70% |
6.55% |
7.66% |
0.00% |
Cash Return on Invested Capital (CROIC) |
|
27.28% |
28.31% |
25.72% |
6.19% |
2.21% |
0.47% |
0.63% |
2.45% |
0.70% |
0.43% |
Operating Return on Assets (OROA) |
|
5.49% |
0.37% |
0.71% |
2.92% |
2.37% |
2.39% |
3.55% |
3.03% |
3.56% |
2.85% |
Return on Assets (ROA) |
|
4.18% |
0.49% |
0.57% |
2.33% |
1.92% |
1.61% |
2.83% |
2.41% |
2.86% |
2.12% |
Return on Common Equity (ROCE) |
|
11.90% |
1.40% |
1.64% |
6.63% |
5.47% |
4.44% |
7.65% |
6.51% |
7.61% |
0.00% |
Return on Equity Simple (ROE_SIMPLE) |
|
3.42% |
0.00% |
2.61% |
6.05% |
3.47% |
0.00% |
5.20% |
5.25% |
5.84% |
0.00% |
Net Operating Profit after Tax (NOPAT) |
|
24 |
2.34 |
2.49 |
9.34 |
7.70 |
5.90 |
11 |
10 |
13 |
9.02 |
NOPAT Margin |
|
12.20% |
1.50% |
1.65% |
6.58% |
6.11% |
5.40% |
10.12% |
9.29% |
11.42% |
8.32% |
Net Nonoperating Expense Percent (NNEP) |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
SG&A Expenses to Revenue |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Operating Expenses to Revenue |
|
83.97% |
98.87% |
97.97% |
91.75% |
92.49% |
92.00% |
87.30% |
88.34% |
85.79% |
88.81% |
Earnings before Interest and Taxes (EBIT) |
|
31 |
1.76 |
3.07 |
12 |
9.46 |
8.74 |
14 |
13 |
16 |
12 |
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) |
|
34 |
3.66 |
4.21 |
12 |
8.77 |
7.26 |
11 |
6.91 |
12 |
15 |
Valuation Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Price to Book Value (P/BV) |
|
0.47 |
0.51 |
0.59 |
0.70 |
0.71 |
0.65 |
0.63 |
0.64 |
0.67 |
0.72 |
Price to Tangible Book Value (P/TBV) |
|
0.48 |
0.52 |
0.61 |
0.72 |
0.73 |
0.67 |
0.64 |
0.66 |
0.68 |
0.74 |
Price to Revenue (P/Rev) |
|
0.45 |
0.51 |
0.57 |
0.68 |
0.77 |
0.79 |
0.84 |
0.93 |
1.03 |
1.12 |
Price to Earnings (P/E) |
|
13.84 |
0.00 |
22.95 |
11.61 |
20.63 |
16.73 |
12.11 |
12.22 |
11.44 |
11.51 |
Dividend Yield |
|
4.89% |
4.63% |
3.72% |
3.09% |
3.06% |
3.24% |
3.64% |
3.86% |
3.91% |
3.89% |
Earnings Yield |
|
7.23% |
0.00% |
4.36% |
8.61% |
4.85% |
5.98% |
8.26% |
8.19% |
8.74% |
8.69% |
Enterprise Value to Invested Capital (EV/IC) |
|
0.44 |
0.45 |
0.53 |
0.64 |
0.65 |
0.59 |
0.57 |
0.57 |
0.62 |
0.70 |
Enterprise Value to Revenue (EV/Rev) |
|
0.43 |
0.45 |
0.52 |
0.65 |
0.73 |
0.73 |
0.77 |
0.83 |
0.97 |
1.09 |
Enterprise Value to EBITDA (EV/EBITDA) |
|
6.45 |
24.07 |
10.85 |
7.68 |
14.58 |
11.84 |
9.49 |
11.10 |
11.51 |
10.65 |
Enterprise Value to EBIT (EV/EBIT) |
|
9.46 |
142.62 |
14.46 |
8.71 |
16.16 |
11.65 |
8.49 |
8.42 |
8.28 |
8.73 |
Enterprise Value to NOPAT (EV/NOPAT) |
|
12.89 |
0.00 |
20.46 |
10.97 |
19.21 |
15.10 |
10.94 |
10.84 |
10.65 |
11.09 |
Enterprise Value to Operating Cash Flow (EV/OCF) |
|
4.26 |
6.35 |
5.63 |
10.41 |
10.71 |
8.95 |
6.23 |
5.79 |
7.31 |
12.35 |
Enterprise Value to Free Cash Flow (EV/FCFF) |
|
1.42 |
1.36 |
1.83 |
10.33 |
29.38 |
129.26 |
92.59 |
23.63 |
91.78 |
168.63 |
Leverage & Solvency |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Debt to Equity |
|
0.00 |
0.00 |
0.00 |
0.04 |
0.03 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Long-Term Debt to Equity |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Financial Leverage |
|
0.09 |
0.10 |
0.10 |
0.03 |
0.02 |
0.00 |
0.00 |
0.02 |
0.02 |
0.00 |
Leverage Ratio |
|
2.86 |
2.86 |
2.88 |
2.87 |
2.86 |
2.77 |
2.72 |
2.71 |
2.68 |
2.59 |
Compound Leverage Factor |
|
2.86 |
2.86 |
2.88 |
2.87 |
2.86 |
2.77 |
2.72 |
2.71 |
2.68 |
2.59 |
Debt to Total Capital |
|
0.02% |
0.01% |
0.16% |
3.41% |
3.16% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Short-Term Debt to Total Capital |
|
0.02% |
0.01% |
0.16% |
3.41% |
3.16% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Long-Term Debt to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Preferred Equity to Total Capital |
|
0.62% |
0.64% |
0.64% |
0.62% |
0.61% |
0.62% |
0.61% |
0.60% |
0.58% |
0.58% |
Noncontrolling Interests to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Common Equity to Total Capital |
|
99.36% |
99.35% |
99.20% |
95.97% |
96.22% |
99.38% |
99.39% |
99.40% |
99.42% |
99.42% |
Debt to EBITDA |
|
0.00 |
0.01 |
0.03 |
0.41 |
0.72 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Net Debt to EBITDA |
|
-0.43 |
-3.32 |
-1.12 |
-0.43 |
-0.90 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Long-Term Debt to EBITDA |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Debt to NOPAT |
|
0.00 |
-0.08 |
0.06 |
0.58 |
0.94 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Net Debt to NOPAT |
|
-0.85 |
45.62 |
-2.12 |
-0.62 |
-1.18 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Long-Term Debt to NOPAT |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Noncontrolling Interest Sharing Ratio |
|
0.60% |
0.60% |
0.62% |
0.63% |
0.63% |
0.63% |
0.62% |
0.62% |
0.61% |
0.60% |
Liquidity Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Cash Flow Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Free Cash Flow to Firm (FCFF) |
|
202 |
210 |
169 |
12 |
0.13 |
-17 |
-19 |
-8.87 |
-23 |
-31 |
Operating Cash Flow to CapEx |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Free Cash Flow to Firm to Interest Expense |
|
0.00 |
0.00 |
0.00 |
971.50 |
0.00 |
0.00 |
0.00 |
-522.00 |
0.00 |
0.00 |
Operating Cash Flow to Interest Expense |
|
0.00 |
0.00 |
0.00 |
737.08 |
0.00 |
0.00 |
0.00 |
838.71 |
0.00 |
0.00 |
Operating Cash Flow Less CapEx to Interest Expense |
|
0.00 |
0.00 |
0.00 |
737.08 |
0.00 |
0.00 |
0.00 |
838.71 |
0.00 |
0.00 |
Efficiency Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Asset Turnover |
|
0.34 |
0.33 |
0.35 |
0.35 |
0.32 |
0.30 |
0.28 |
0.26 |
0.25 |
0.26 |
Fixed Asset Turnover |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Capital & Investment Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Invested Capital |
|
644 |
626 |
629 |
649 |
651 |
649 |
659 |
667 |
687 |
689 |
Invested Capital Turnover |
|
0.90 |
0.86 |
0.91 |
0.99 |
0.89 |
0.83 |
0.76 |
0.69 |
0.66 |
0.66 |
Increase / (Decrease) in Invested Capital |
|
-178 |
-208 |
-167 |
-2.32 |
7.57 |
22 |
30 |
19 |
35 |
40 |
Enterprise Value (EV) |
|
283 |
281 |
336 |
416 |
420 |
384 |
375 |
380 |
427 |
480 |
Market Capitalization |
|
298 |
316 |
367 |
435 |
442 |
418 |
410 |
423 |
454 |
493 |
Book Value per Share |
|
$43.84 |
$42.57 |
$45.77 |
$46.22 |
$46.34 |
$47.61 |
$48.27 |
$48.77 |
$49.96 |
$50.06 |
Tangible Book Value per Share |
|
$42.49 |
$41.23 |
$44.33 |
$44.78 |
$44.91 |
$46.19 |
$46.86 |
$47.37 |
$48.57 |
$48.67 |
Total Capital |
|
644 |
626 |
629 |
649 |
651 |
649 |
659 |
667 |
687 |
689 |
Total Debt |
|
0.10 |
0.07 |
1.01 |
22 |
21 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Total Long-Term Debt |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Net Debt |
|
-19 |
-39 |
-35 |
-23 |
-26 |
-38 |
-39 |
-47 |
-31 |
-17 |
Capital Expenditures (CapEx) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Net Nonoperating Expense (NNE) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Net Nonoperating Obligations (NNO) |
|
0.10 |
0.07 |
1.01 |
22 |
21 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Total Depreciation and Amortization (D&A) |
|
2.88 |
1.89 |
1.14 |
0.48 |
-0.69 |
-1.48 |
-2.95 |
-5.76 |
-4.28 |
3.10 |
Earnings Adjustments |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Adjusted Basic Earnings per Share |
|
$1.62 |
$0.16 |
$0.17 |
$0.68 |
$0.56 |
$0.43 |
$0.83 |
$0.73 |
$0.93 |
$0.65 |
Adjusted Weighted Average Basic Shares Outstanding |
|
14.59M |
14.48M |
13.67M |
13.48M |
13.52M |
13.55M |
13.58M |
13.61M |
13.66M |
13.64M |
Adjusted Diluted Earnings per Share |
|
$1.60 |
$0.18 |
$0.17 |
$0.67 |
$0.55 |
$0.44 |
$0.82 |
$0.73 |
$0.92 |
$0.65 |
Adjusted Weighted Average Diluted Shares Outstanding |
|
14.80M |
14.48M |
13.93M |
13.71M |
13.81M |
13.67M |
13.69M |
13.68M |
13.80M |
13.71M |
Adjusted Basic & Diluted Earnings per Share |
|
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
Adjusted Weighted Average Basic & Diluted Shares Outstanding |
|
14.62M |
13.64M |
13.47M |
13.52M |
13.54M |
13.58M |
13.60M |
13.66M |
13.69M |
14.81M |
Normalized Net Operating Profit after Tax (NOPAT) |
|
24 |
1.23 |
2.49 |
9.34 |
7.70 |
5.90 |
11 |
10 |
13 |
9.02 |
Normalized NOPAT Margin |
|
12.20% |
0.79% |
1.65% |
6.58% |
6.11% |
5.40% |
10.12% |
9.29% |
11.42% |
8.32% |
Pre Tax Income Margin |
|
16.03% |
1.13% |
2.03% |
8.25% |
7.51% |
8.00% |
12.70% |
11.66% |
14.21% |
11.19% |
Debt Service Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBIT to Interest Expense |
|
0.00 |
0.00 |
0.00 |
975.67 |
0.00 |
0.00 |
0.00 |
745.53 |
0.00 |
0.00 |
NOPAT to Interest Expense |
|
0.00 |
0.00 |
0.00 |
778.08 |
0.00 |
0.00 |
0.00 |
593.71 |
0.00 |
0.00 |
EBIT Less CapEx to Interest Expense |
|
0.00 |
0.00 |
0.00 |
975.67 |
0.00 |
0.00 |
0.00 |
745.53 |
0.00 |
0.00 |
NOPAT Less CapEx to Interest Expense |
|
0.00 |
0.00 |
0.00 |
778.08 |
0.00 |
0.00 |
0.00 |
593.71 |
0.00 |
0.00 |
Payout Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Dividend Payout Ratio |
|
51.81% |
-1,741.88% |
91.80% |
39.64% |
68.23% |
57.76% |
45.39% |
48.57% |
42.44% |
45.86% |
Augmented Payout Ratio |
|
53.74% |
-4,369.53% |
267.03% |
130.88% |
226.43% |
107.61% |
63.25% |
50.08% |
43.76% |
47.08% |
Key Financial Trends
Global Indemnity Group (NASDAQ: GBLI) demonstrated steady financial performance over the last four years, with consistent revenue generation and moderate earnings growth. Key trends from the quarterly data ending Q4 2024 include the following:
- Premiums Earned remained relatively stable, showing resilience in the company's core insurance business with quarterly values around $92M to $150M across periods.
- Net Realized & Unrealized Capital Gains on Investments were significant contributors to revenue, fluctuating but consistently adding $10M to $16M per quarter.
- Net Income attributable to common shareholders improved markedly from around $2.4M in early 2023 to $8.9M by Q4 2024, indicating profit growth.
- Stable cash dividend payouts per common share were maintained or modestly increased to $0.35 by 2024, signaling commitment to returning value to shareholders.
- Operating cash flows were generally positive in most quarters, showing solid cash generation from core operations despite some fluctuations.
- Interest expense was minimal or zero in most quarters except small amounts reported, reflecting low leverage and controlled financing costs.
- Total assets remained broadly consistent, fluctuating around $1.7 billion, with significant investments in trading account securities (~$1.3-$1.4 billion) supporting investment income.
- No long-term debt reported since early 2023, indicating potential financial conservatism or debt repayment.
- Property & Liability Insurance Claims consistently represented a large portion of expenses, roughly $53M to $88M quarterly, reflecting ongoing underwriting risks inherent to the business.
- Insurance Policy Acquisition Costs and Other Operating Expenses also constituted substantial expense categories, pressuring underwriting margins.
Overall, Global Indemnity has shown steady earnings improvement supported by strong investment gains and disciplined expense management, though the insurance claim costs and acquisition expenses remain material factors to monitor. The company's strong equity position, minimal debt, and consistent dividends bode well for financial stability and shareholder returns.
08/02/25 11:19 PMAI Generated. May Contain Errors.