Andrew Vindigny's questions to Global Indemnity Group LLC (GBLI) leadership • Q2 2025
Question
Andrew Vindigny, via the webcast, asked for a tangible return on equity (ROE) target for the next few years and the corresponding loss and expense ratios that would be required to achieve it.
Answer
CEO Joseph Brown provided a target ROE of 12% for the insurance operations (Belmont) and 8-9% for the consolidated holding company within the next couple of years. He explained that the current loss ratio is adequate to meet this goal, but the expense ratio needs to improve by another two percentage points.