Education
About Us
Working with TipRanks
Follow Us
Global Indemnity Plc (GBLI)
NYSE:GBLI
Top Page
Global Indemnity
(NYSE:GBLI)
Rating:66Neutral
Price Target:
$33.00
▲(5.84%Upside)
Global Indemnity (GBLI) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$433.67M
Dividend Yield4.61%
Average Volume (3M)5.52K
Price to Earnings (P/E)15.2
Beta (1Y)0.07
Revenue Growth-10.61%
EPS Growth-19.48%
CountryUS
Employees266
SectorFinancial
Sector Strength77
IndustryInsurance - Property & Casualty
Share Statistics
EPS (TTM)-0.30
Shares Outstanding10,481,076
10 Day Avg. Volume1,716
30 Day Avg. Volume5,520
Financial Highlights & Ratios
PEG Ratio-0.03
Price to Book (P/B)0.58
Price to Sales (P/S)0.00
P/FCF Ratio50.93
Enterprise Value/Market Cap1.55
Enterprise Value/Revenue0.38
Enterprise Value/Gross Profit2.06
Enterprise Value/Ebitda4.12
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
Global Indemnity Business Overview & Revenue Model
Company DescriptionGlobal Indemnity Group, LLC, through its subsidiaries, provides specialty property and casualty insurance and reinsurance products worldwide. It operates through Commercial Specialty; Farm, Ranch, & Stable; and Reinsurance Operations segments. The Commercial Specialty segment distributes property, general liability, casualty, and professional lines products. This segment sells its products through a network of wholesale general agents and program administrators. The Farm, Ranch, & Stable segment offers commercial farm auto and excess/umbrella coverage for the agriculture industry, as well as specialized insurance products for the equine mortality and equine major medical industry on an admitted basis through wholesalers and retail agents. The Reinsurance Operations segment provides offer third-party treaty reinsurance for casualty insurance and reinsurance companies, as well as professional liability products to companies through brokers. Global Indemnity Group, LLC was founded in 2003 and is headquartered in Bala Cynwyd, Pennsylvania.
How the Company Makes MoneyGlobal Indemnity makes money through the underwriting of insurance policies and collecting premiums from policyholders. The company's revenue model is primarily based on the premiums generated from its commercial and personal insurance lines. Key revenue streams include underwriting income, investment income from the management of reserves and surplus, and fee-based services. The company benefits from strategic partnerships with independent agents and brokers who help distribute its insurance products. Global Indemnity's earnings are influenced by factors such as underwriting performance, loss ratios, and investment returns on its portfolio.
Global Indemnity Earnings Call Summary
Earnings Call Date:May 07, 2025
(Q1-2025)
| % Change Since: 7.52%|
Next Earnings Date:Aug 12, 2025
Earnings Call Sentiment Neutral
The earnings call revealed a mixed performance with strong growth in core business and InsurTech segments, but was overshadowed by significant losses from California wildfires, resulting in a net loss and decreased book value per share. While the company maintains a positive outlook on future premium growth, elevated expenses remain a concern.Q1-2025 Updates
Positive Updates
Core Business Growth
Underlying core growth, excluding terminated products, was 16% in the first quarter, showing strong performance in the core business areas.
Investment Income Increase
Investment income increased by 2% to $14.8 million from a year ago, with cash flows and bond maturities reinvested at an average yield of 4.86%.
InsurTech Segment Growth
The InsurTech segment grew 20% to $15 million in 2025 compared to $12.5 million in 2024, driven by Vacant Express and Collectibles.
Positive Outlook for Premium Growth
Despite challenges, the company expects premium growth of at least 10% for 2025, with improvements in underwriting performance anticipated.
Negative Updates
Significant Loss from California Wildfires
The company reported a $15.6 million pre-tax loss from California wildfires, which significantly impacted financial results.
Net Loss for the Quarter
A net loss of $4 million was reported for the first quarter, primarily due to the California wildfires.
Decrease in Book Value Per Share
Book value per share decreased from $49.98 at year-end to $47.85 at March 31, partly due to stock compensation issuance.
Elevated Expense Ratios
The expense ratio was higher than targeted due to Project Manifest and agency build-out costs, with a first quarter ratio of 40%.
Company Guidance
During the Global Indemnity Group's first quarter 2025 earnings call, several key metrics were highlighted. The company reported a net loss of $4 million, primarily due to $15.6 million in pre-tax losses from the California wildfires, which equated to a $12.2 million after-tax impact. Excluding these wildfire losses, net income would have been $8.2 million, down from $11.4 million in the same period last year. The combined ratio, excluding wildfire impacts, was 94.8%, slightly better than the previous year's 94.9%. The company's book value per share decreased from $49.98 at year-end to $47.85 by March 31, driven by comprehensive losses, dividends, and stock compensation. Investment income rose by 2% to $14.8 million, with a current book yield of 4.5% on the fixed income portfolio. Gross written premiums grew by 6% to $98.7 million, with a 16% increase when excluding terminated products. The company aims for a long-term expense ratio of 37%, although it currently stands at 40% due to strategic investments in Project Manifest and staff expansion. Despite the setbacks, the outlook for 2025 remains positive, with expectations for at least 10% premium growth and improved underwriting performance for the remainder of the year.Global Indemnity Financial Statement Overview
Summary
Global Indemnity exhibits mixed financial performance. Improvements in profitability metrics like net profit margin and return on equity are counterbalanced by declining revenue and free cash flow, although the absence of debt is a positive aspect.Income Statement
Global Indemnity's income statement shows a decline in total revenue from $628.5M in 2022 to $441.2M in 2024, indicating a negative growth trend. The net profit margin improved from -0.14% in 2022 to 9.80% in 2024, reflecting better profitability. However, the absence of EBIT and EBITDA data in 2024 limits the analysis of operating efficiency.60
Neutral
Balance Sheet
The balance sheet reveals a strong equity position with a debt-to-equity ratio of 0.00 in 2024, indicating no debt burden. The equity ratio increased to 39.81% in 2024, suggesting a stable financial structure. Return on equity improved significantly to 6.28% in 2024, showing enhanced profitability for shareholders.75
Positive
Cash Flow
The cash flow statement highlights positive operating cash flow of $38.8M in 2024, but free cash flow decreased from $42.9M in 2023 to $38.8M in 2024, showing a decline in cash available for growth. The operating cash flow to net income ratio of 0.90 indicates moderate cash generation relative to profits.65
Positive
| Breakdown | |||||
| TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 437.55M | 441.19M | 528.13M | 628.53M | 678.27M | 583.55M | Gross Profit |
| 326.94M | 441.19M | 504.75M | 604.11M | 651.09M | 541.55M | EBIT |
| 19.71M | 54.96M | 35.47M | -3.42M | 3.05M | -44.96M | EBITDA |
| 41.50M | 54.96M | 39.17M | 13.37M | 53.70M | -6.29M | Net Income Common Stockholders |
| 27.89M | 43.24M | 25.43M | -850.00K | 29.35M | -21.01M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 1.10B | 17.01M | 38.04M | 1.29B | 1.28B | 1.26B | Total Assets |
| 1.71B | 1.73B | 1.73B | 1.80B | 2.01B | 1.90B | Total Debt |
| 9.86M | 10.37M | 12.73M | 15.70M | 145.51M | 126.29M | Net Debt |
| -71.29M | -6.64M | -25.30M | -23.14M | 67.23M | 58.93M | Total Liabilities |
| 1.03B | 1.04B | 1.08B | 1.17B | 145.51M | 126.29M | Stockholders Equity |
| 687.05M | 689.15M | 648.75M | 626.23M | 706.62M | 718.32M |
| Cash Flow | Free Cash Flow | ||||
| 18.56M | 38.84M | 42.89M | 44.24M | 90.80M | 6.95M | Operating Cash Flow |
| 18.56M | 38.84M | 42.89M | 44.24M | 90.80M | 32.67M | Investing Cash Flow |
| 44.28M | -39.51M | -16.33M | 80.13M | -64.52M | 174.59M | Financing Cash Flow |
| -20.55M | -20.36M | -27.36M | -163.80M | -15.36M | -184.17M |
Global Indemnity Technical Analysis
Neutral
31.18
Price Trends
30.08
Positive
32.61
Negative
33.11
Negative
Market Momentum
0.37
Negative
53.48
Neutral
53.31
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GBLI, the sentiment is Neutral. The current price of 31.18 is above the 20-day moving average (MA) of 30.85, above the 50-day MA of 30.08, and below the 200-day MA of 33.11, indicating a neutral trend. The MACD of 0.37 indicates Negative momentum. The RSI at 53.48 is Neutral, neither overbought nor oversold. The STOCH value of 53.31 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for GBLI.
Global Indemnity Risk Analysis
Global Indemnity disclosed 42 risk factors in its most recent earnings report. Global Indemnity reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Global Indemnity Peers Comparison
Overall Rating
UnderperformOutperform
Sector (65)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | $747.52M | 11.63 | 16.95% | 2.43% | 7.24% | -9.28% | |
76 Outperform | $729.27M | 9.19 | 27.59% | ― | 11.41% | 53.85% | |
74 Outperform | $678.62M | 9.28 | 13.11% | 3.85% | 5.29% | 1200.44% | |
66 Neutral | $433.67M | 15.21 | 4.14% | 4.61% | -10.61% | -19.48% | |
65 Neutral | $12.93B | 9.81 | 7.84% | 78.03% | 12.20% | -7.74% | |
61 Neutral | $515.45M | 7.03 | 31.11% | ― | 12.19% | 5.12% | |
46 Neutral | $264.53M | 51.99 | 2.40% | ― | -6.46% | ― |
* Financial Sector Average
Performance Comparison
GBLI
Global Indemnity
31.18
1.62
5.48%
DGICA
Donegal Group
19.32
6.99
56.69%
UVE
Universal Insurance Holdings
27.04
9.35
52.85%
ACIC
American Coastal Insurance
10.65
0.30
2.90%
HRTG
Heritage Insurance Holdings
23.88
16.32
215.87%
NODK
NI Holdings
12.57
-2.59
-17.08%
Global Indemnity Corporate Events
Executive/Board ChangesShareholder Meetings
Global Indemnity Holds Annual Shareholder Meeting
Neutral
Jun 12, 2025
On June 11, 2025, Global Indemnity Group, LLC held its Annual Meeting of Shareholders, where key proposals were voted on. Seth J. Gersch was elected to the Board of Directors, and the appointment of the company’s independent auditors was ratified, indicating continued stability and governance for the company.
Executive/Board ChangesBusiness Operations and Strategy
Global Indemnity Expands Board with New Appointment
Positive
Jun 9, 2025
On June 4, 2025, Global Indemnity Group, LLC expanded its Board of Directors from six to seven members, appointing Jason C. Murgio as a Designated Director. Mr. Murgio, CEO of Merger & Acquisition Services, Inc., brings extensive expertise in insurance mergers and acquisitions, which is expected to benefit the company as it navigates growth opportunities in the evolving insurance landscape.
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.