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Global Indemnity Plc (GBLI)
NYSE:GBLI
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Global Indemnity
(NYSE:GBLI)
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Select Model
Rating:68Neutral
Price Target:
$33.00
▲(10.18% Upside)
Global Indemnity's overall stock score is driven by a positive earnings call highlighting improved underwriting profit and premium growth. The financial performance is mixed, with improved profitability but declining revenue and free cash flow. Technical analysis indicates a lack of strong momentum, while valuation metrics suggest the stock is fairly valued with an attractive dividend yield.
Global Indemnity (GBLI) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$428.18M
Dividend Yield4.83%
Average Volume (3M)3.16K
Price to Earnings (P/E)15.1
Beta (1Y)>-0.01
Revenue Growth-3.71%
EPS Growth-21.68%
CountryUS
Employees266
SectorFinancial
Sector Strength70
IndustryInsurance - Property & Casualty
Share Statistics
EPS (TTM)0.71
Shares Outstanding10,502,716
10 Day Avg. Volume3,258
30 Day Avg. Volume3,158
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
P/FCF RatioN/A
Enterprise Value/Market Cap1.08
Enterprise Value/Revenue1.05
Enterprise Value/Gross Profit-4.52
Enterprise Value/Ebitda11.03
Forecast
1Y Price Target
$33.00Price Target Upside10.18% Upside
Rating ConsensusHold
Number of Analyst Covering1
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 generates revenue primarily through the underwriting of insurance policies and the collection of premiums from its policyholders. The company earns money by assessing risk and pricing its insurance products accordingly, which allows it to collect premiums that exceed the cost of claims paid out. Key revenue streams include direct insurance premiums from commercial and personal lines, surety bonds, and reinsurance agreements. Additionally, GBLI may benefit from investment income generated from the premiums it collects, which are often invested in various financial instruments. Strategic partnerships with brokers and agents also enhance its market reach and contribute to its earnings by facilitating the distribution of its insurance products.
Global Indemnity Earnings Call Summary
Earnings Call Date:Jun 30, 2025
(Q2-2025)
| % Change Since: |
Next Earnings Date:Nov 11, 2025
Earnings Call Sentiment Positive
The earnings call presented a generally positive outlook with significant improvements in underwriting profit and premium growth. Investment performance remained stable, and technological advancements were on track. However, these positives were slightly offset by increased corporate expenses and challenges in some market segments.Q2-2025 Updates
Positive Updates
Improved Underwriting Profit
The accident year combined ratio improved to 94.6% from 96.7% last year, producing an underwriting profit of $5.6 million, a 61% increase compared to last year's $3.5 million.
Strong Premium Growth
Gross written premiums increased 18% to $109.9 million, excluding terminated products, with significant growth in Vacant Express (27%) and assumed reinsurance (86%).
Investment Portfolio Performance
The investment portfolio delivered stable results with an annualized return of 4.9% and a total investment return of $17.7 million for the quarter.
Technology Infrastructure Advancements
Completion of design and coding for the Kaleidoscope policy system is on track for year-end testing, and a successful migration to a modern data lake in the cloud has been achieved.
Approval for $100 Million Dividends
Received approval for $100 million in aggregate dividends from insurance subsidiaries to bolster liquidity and fund growth in agency and insurance service operations.
Negative Updates
Increased Corporate Expenses
Corporate expenses increased by $1.2 million to $7.5 million due to recruiting and professional fees related to business development opportunities.
Catastrophe Loss Ratio Increase
The catastrophe loss ratio increased to 5.5% from 3.8% in the same period last year.
Price Competition in Small Commercial
Experiencing increased price competition in the small commercial segment, leading to slightly lower hit ratios.
Company Guidance
During the Global Indemnity Group's second quarter 2025 earnings call, several key metrics and strategic initiatives were highlighted. The company achieved an accident year combined ratio of 94.6%, resulting in an underwriting profit of $5.6 million, a significant improvement from the previous year's 96.7%. Net income stood at $10.3 million, consistent with last year's performance. Gross premiums, excluding terminated products, grew by 18% compared to the second quarter of 2024, with notable growth in segments like Vacant Express and collectibles. Investment income was stable at $14.7 million, with an annualized return of 4.9%. The company's book value per share increased from $47.85 on March 31 to $48.35 on June 30, driven by a $3 million increase in market value of the fixed income portfolio. Additionally, the company is investing in technology, such as the Kaleidoscope policy system, and has received approval for $100 million in aggregate dividends from its subsidiaries, positioning it for future growth. Looking ahead, the company aims to maintain premium growth of 10% and expects to enhance its underwriting and investment capabilities.Global Indemnity Financial Statement Overview
Summary
Global Indemnity's financial performance is mixed. While profitability has improved with a higher net profit margin and return on equity, revenue has declined. The balance sheet is strong with no debt, but the decrease in free cash flow could challenge future growth.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 | 439.38M | 441.19M | 528.13M | 628.53M | 678.27M | 583.55M |
| Gross Profit | -102.52M | 80.65M | 56.36M | 32.92M | 70.46M | 541.55M |
| EBITDA | 41.97M | 54.96M | 39.17M | 13.37M | 53.70M | -6.29M |
| Net Income | 28.14M | 43.24M | 25.43M | -850.00K | 29.35M | -21.01M |
Balance Sheet | ||||||
| Total Assets | 1.72B | 1.73B | 1.73B | 1.80B | 2.01B | 1.90B |
| Cash, Cash Equivalents and Short-Term Investments | 67.34M | 17.01M | 38.04M | 1.29B | 1.28B | 1.26B |
| Total Debt | 9.35M | 10.37M | 12.73M | 15.70M | 145.51M | 149.24M |
| Total Liabilities | 1.03B | 1.04B | 1.08B | 1.17B | 1.31B | 1.19B |
| Stockholders Equity | 695.29M | 689.15M | 648.75M | 626.23M | 706.62M | 718.32M |
Cash Flow | ||||||
| Free Cash Flow | 11.30M | 38.84M | 42.89M | 44.24M | 90.80M | 6.95M |
| Operating Cash Flow | 11.30M | 38.84M | 42.89M | 44.24M | 90.80M | 32.67M |
| Investing Cash Flow | 29.31M | -39.51M | -16.33M | 80.13M | -64.52M | 174.59M |
| Financing Cash Flow | -20.00M | -20.36M | -27.36M | -163.80M | -15.36M | -184.17M |
Global Indemnity Technical Analysis
Positive
29.95
Price Trends
29.81
Positive
30.27
Negative
31.93
Negative
Market Momentum
-0.06
Positive
53.04
Neutral
41.06
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GBLI, the sentiment is Positive. The current price of 29.95 is above the 20-day moving average (MA) of 29.71, above the 50-day MA of 29.81, and below the 200-day MA of 31.93, indicating a neutral trend. The MACD of -0.06 indicates Positive momentum. The RSI at 53.04 is Neutral, neither overbought nor oversold. The STOCH value of 41.06 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | $739.40M | 11.44 | 15.79% | 2.95% | 5.64% | -17.95% | |
70 Outperform | $210.84M | 7.41 | 27.52% | 0.34% | 35.68% | 342.66% | |
70 Outperform | $564.70M | 7.02 | 32.13% | ― | 23.68% | 16.14% | |
69 Neutral | $695.46M | 8.16 | 9.32% | 3.65% | 3.40% | 978.24% | |
68 Neutral | $428.18M | 15.12 | 4.13% | 4.83% | -3.71% | -21.68% | |
56 Neutral | $281.80M | 186.97 | -2.48% | ― | -15.27% | -65.08% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% |
* Financial Sector Average
GBLI
Global Indemnity
29.95
-2.29
-7.10%
DGICA
Donegal Group
19.44
5.32
37.68%
KINS
Kingstone Companies
14.91
5.79
63.49%
UVE
Universal Insurance Holdings
26.11
4.68
21.84%
ACIC
American Coastal Insurance
11.58
0.73
6.73%
NODK
NI Holdings
13.63
-2.05
-13.07%
Global Indemnity Corporate Events
Business Operations and StrategyM&A Transactions
Global Indemnity Acquires Sayata to Boost Digital Growth
Positive
Sep 2, 2025
On September 2, 2025, Global Indemnity Group’s subsidiary, Penn-America Underwriters, completed the acquisition of Sayata, an AI-enabled digital distribution marketplace for commercial insurance. This acquisition supports PAU’s strategic reorganization to enhance distribution, product portfolio, and technology capabilities, aligning with Global Indemnity’s vision to expand digital capabilities and accelerate growth, thereby strengthening its position in the insurance industry.
The most recent analyst rating on (GBLI) stock is a Hold with a $32.00 price target. To see the full list of analyst forecasts on Global Indemnity stock, see the GBLI Stock Forecast page.
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.