GBLI Earnings Prediction
The chart below shows how GBLI performed 10 days before and after its earnings report, based on data from the past quarters. Typically, GBLI sees a -3.56% change in stock price 10 days leading up to the earnings, and a -1.65% change 10 days following the report. On the earnings day itself, the stock moves by +1.58%. This data can give you a slight idea of what to expect for the next quarter's release.
GBLI Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
111.76M
-11.34%
2.83%
Gross Margin
--
--
--
Operating Margin
14.21%
89.21%
21.66%
Net Margin
11.42%
86.91%
22.93%
EPS
0.92
67.27%
26.03%
No Data Available
GBLI Earnings Analysis
Global Indemnity Group, LLC Corporation (GBLI.N) Earnings Conference Call
Positive
Premium Growth Surge: 1. Strong Premium Growth: Total premium, excluding terminated products, increased by 12% through nine months, driven by a robust 14% growth in Wholesale Commercial, InsurTech, and Assumed Reinsurance.
Underwriting Performance Improvement: 2. Improved Underwriting Performance: The nine-month combined ratio for the Penn-America segment was 93.9%, reflecting strong underwriting results in both casualty and property coverages.
Net Income Surge: 3. Significant Net Income Increase: Net income rose to $34.2 million for the first nine months of 2024, compared to $19.5 million in the same period of 2023, showcasing improved profitability.
Investment Income Surge: 4. Higher Investment Income: Investment income increased by 18% to $46.3 million year-over-year, benefiting from strategic actions taken to optimize the investment portfolio.
Shareholder Return Performance: 5. Strong Return to Shareholders: The return to shareholders was 8.2% for the first nine months of 2024, including dividends paid of $1.05 per share, indicating a solid commitment to shareholder value.
Negative
Gross Premiums Decline: 1. Declining Gross Premiums: Consolidated gross premiums decreased to $294 million in 2024, down from $332 million in 2023, primarily due to the runoff of non-core segments.
Non-Core Operations Inefficiency: 2. High Combined Ratio in Non-Core Operations: The combined ratio for non-core operations was 118.9%, indicating significant inefficiencies and losses in this segment.
Specialty Products Stagnation: 3. Underperformance in Specialty Products: The Specialty Products business saw gross premiums remain flat through nine months, failing to show growth despite overall company expansion efforts.
Non-Core Premium Decline: 4. Diminished Non-Core Premiums: Non-core operations net earned premium dropped dramatically to $12.3 million in 2024 from $114.2 million in 2023, reflecting a significant contraction in this area.
Expense Ratio Challenges: 5. Increased Expense Ratio: The Penn-America expense ratio was reported at 38.2%, which is above the long-term target of 37%, indicating ongoing challenges in cost management.
GBLI FAQs
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GBLI Earning Call Sentiment
Global Indemnity Group, LLC (GBLI) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
GBLI.N
3.99%Positive
The earnings call presents a mixed sentiment. Financial performance shows improvement in net income and investment income, but growth targets and guidance remain vague. Positive shareholder returns are offset by competitive pressures and potential regulatory challenges. The Q&A session reveals uncertainty in management's expansion plans and no share buybacks. Given these factors, the prediction is neutral, with expected stock movement between -2% to 2%.