Global Indemnity Group (GBLI) Company Report

Global Indemnity Group reported a Q3 2025 accident year combined ratio of 90.4%, generating an underwriting profit of $10.2 million, and saw underlying operating income increase by 19% to $15.7 million.
Gross premium, excluding terminated products, grew 13% over Q3 2024 to $108.5 million.
The company's book value per share increased from $48.35 at June 30 to $48.88 at September 30.
Strategic initiatives include the recent acquisition of IATA, rebranding of the agency and insurance services segment to Catalyx, and a planned move of its stock listing to the NASDAQ Exchange.
Management expects 10% premium growth for the full year 2025 and anticipates at least double-digit premium growth in 2026, with a decision to deploy capital into growth opportunities rather than stock buybacks for the next 3-5 quarters.

Oct 30, 2025, 3:00 PM

Global Indemnity Group, LLC Reports Strong Q3 2025 Financial Results

GBLI

Earnings

New Projects/Investments

Revenue Acceleration/Inflection

Global Indemnity Group, LLC reported a 19% increase in operating income to $15.7 million or $1.08 per share for the third quarter ended September 30, 2025, compared to the same period in 2024.
Current accident year underwriting income grew 54% to $10.2 million for Q3 2025, driven by strong property loss ratio performance.
Gross written premiums increased 9% to $108.4 million in the third quarter of 2025 compared to the same period in 2024.
The company's book value per share increased to $48.88 at September 30, 2025, from $48.35 at June 30, 2025, with shareholders' equity reaching $704.1 million.
Strategic developments include the acquisition of Sayata, an AI-enabled digital distribution marketplace, and the rebranding of Penn-America Underwriters, LLC as Katalyx Holdings, which launched Valyn Re.

Oct 30, 2025, 12:24 PM

Global Indemnity Group Reports Third Quarter 2025 Financial Results

GBLI

Earnings

M&A

Delisting/Listing Issues

Global Indemnity Group, LLC reported a 19% increase in operating income to $15.7 million or $1.08 per share for the third quarter of 2025, compared to the same period in 2024.
Current accident year underwriting income grew 54% to $10.2 million for Q3 2025, driven by strong property loss ratio performance.
Gross written premiums increased 9% to $108.4 million in Q3 2025, with Assumed Reinsurance growing 58% to $15.6 million.
Book value per share increased to $48.88 at September 30, 2025, up from $48.35 at June 30, 2025.
The company acquired Sayata, an AI-enabled digital distribution marketplace, and announced the transfer of its class A common shares to the Nasdaq Global Select Market, expected to begin trading November 4, 2025.

Oct 30, 2025, 12:00 PM

Global Indemnity Group's Penn-America Underwriters Launches Reinsurance MGA

GBLI

Product Launch

New Projects/Investments

Management Change

Global Indemnity Group, LLC (GBLI) announced on October 3, 2025, that its subsidiary, Penn-America Underwriters, LLC (PAU), is launching its inaugural reinsurance managing general agency (MGA).
George Dragonetti, a veteran reinsurance executive with over three decades of experience, will serve as President of this new unit.
This launch is considered a major milestone for PAU and a strategic leap forward for GBLI's multi-prong Manifest initiative, expanding its specialized insurance and reinsurance solutions.

Oct 3, 2025, 10:59 AM

GBLI Subsidiary Penn-America Underwriters Launches Reinsurance MGA

GBLI

Product Launch

New Projects/Investments

Global Indemnity Group's (GBLI) subsidiary, Penn-America Underwriters (PAU), has launched its inaugural reinsurance managing general agency (MGA), representing its first de novo venture in MGA platform expansion.
Veteran reinsurance executive George Dragonetti has been appointed President of the new unit, bringing over three decades of reinsurance expertise to the role.
This launch is considered a major milestone for PAU, aiming to drive innovation, growth, and underwriting performance in the reinsurance sector, and aligns with GBLI's multi-prong Manifest initiative.

Oct 3, 2025, 10:45 AM