Global Indemnity (GBLI) AI Stock Analysis

• Market Cap: $428.89M
• Dividend Yield: 4.67%
• Average Volume (3M): 4.78K
• Price to Earnings (P/E): 15.1
• Beta (1Y): <0.01
• Revenue Growth: -3.71%
• EPS Growth: -21.68%
• Country: US
• Employees: 266
• Sector: Financial
• Sector Strength: 71
• Industry: Insurance - Property & Casualty
• EPS (TTM): 0.71
• Shares Outstanding: 10,502,716
• 10 Day Avg. Volume: 2,505
• 30 Day Avg. Volume: 4,778
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 1.08
• Enterprise Value/Revenue: 1.05
• Enterprise Value/Gross Profit: -4.52
• Enterprise Value/Ebitda: 11.03
• 1Y Price Target: $33.00
• Price Target Upside: 10.00% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 69 Neutral
• Price Target: $33.00 ▲(10.00% Upside)

Global Indemnity's overall score reflects a mixed financial performance with strong profitability improvements but declining revenue. The stock's valuation is reasonable, and recent strategic initiatives, including acquisitions and board expansion, are positive. Technical indicators suggest caution in the short term, but the earnings call provided a generally positive outlook.

Global Indemnity Business Overview & Revenue Model

Company Description

Global 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 Money

Global 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 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.

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.

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.

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

• Technical Analysis Sentiment: Neutral
• Last Price: 30.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: 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 30 is above the 20-day moving average (MA) of 29.28, below the 50-day MA of 30.35, and below the 200-day MA of 32.29, indicating a neutral trend. The MACD of -0.05 indicates Negative momentum. The RSI at 51.83 is Neutral, neither overbought nor oversold. The STOCH value of 62.83 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for GBLI.

Global Indemnity Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
HRTG	76 Outperform	$747.21M	6.96	33.49%	―	9.35%	77.04%
UVE	72 Outperform	$696.64M	10.77	15.60%	3.13%	5.64%	-17.95%
DGICA	69 Neutral	$689.41M	8.17	15.20%	3.76%	3.40%	978.24%
GBLI	69 Neutral	$428.89M	15.14	4.13%	4.67%	-3.71%	-21.68%
Sector *	68 Neutral	$17.81B	11.87	10.24%	3.74%	9.75%	1.30%
ACIC	67 Neutral	$554.46M	6.89	31.54%	―	23.68%	16.14%
NODK	56 Neutral	$275.81M	182.99	0.65%	―	-15.27%	-65.08%

Global Indemnity Corporate Events

Global Indemnity Acquires Sayata to Boost Digital Growth

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.

Global Indemnity Holds Annual Shareholder Meeting

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.

Global Indemnity Expands Board with New Appointment

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.