Business
Global Indemnity Group, LLC Reports First Quarter 2023 Results
WILMINGTON, Del.--(BUSINESS WIRE)-- Global Indemnity Group, LLC (NYSE:GBLI) (the “Company”) today reported net income available to shareholders for the three
About this update from Global Indemnity Group, Llc
[{"type":"text","content":" WILMINGTON, Del.--(BUSINESS WIRE)--\nGlobal Indemnity Group, LLC (NYSE:GBLI) (the “Company”) today reported net income available to shareholders for the three months ended March 31, 2023, of $2.4 million compared to net loss available to shareholders of $14.9 million for the corresponding period in 2022. Adjusted operating income, which excludes realized gains and losses and the results of Exited Lines, was $3.4 million for the three months ended March 31, 2023, compared to $3.8 million for the three months ended March 31, 2022.\n\n\n\n\n \n\n\n\nSelected Operating and Balance Sheet Information\n\n\n\n\n\n\n\n\nConsolidated Results Including Continuing Lines and Exited Lines\n\n\n\n\n\n\n\n\n(Dollars in millions, except per share data)\n\n\n\n\n\n\n\n\n \n\n\n\n \n\n\n\n\n\n\nFor the Three Months\nEnded March 31,\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n2023\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n2022\n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\nGross Written Premiums\n\n\n\n\n\n\n$\n\n\n\n\n\n\n123.0\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n191.0\n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\nNet Written Premiums\n\n\n\n\n\n\n$\n\n\n\n\n\n\n115.9\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n159.5\n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\nNet Earned Premiums\n\n\n\n\n\n\n$\n\n\n\n\n\n\n140.1\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n148.8\n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\nNet income (loss) available to shareholders\n\n\n\n\n\n\n$\n\n\n\n\n\n\n2.4\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n(14.9\n\n\n\n\n\n\n)\n\n\n\n\n\n\n\n\nNet income (loss) from Continuing Lines\n\n\n\n\n\n\n$\n\n\n\n\n\n\n2.1\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n(16.8\n\n\n\n\n\n\n)\n\n\n\n\n\n\n\n\nNet income from Exited Lines (1)\n\n\n\n\n\n\n$\n\n\n\n\n\n\n0.3\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n1.9\n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\nNet income (loss) available to shareholders per share\n\n\n\n\n\n\n$\n\n\n\n\n\n\n0.17\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n(1.03\n\n\n\n\n\n\n)\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\nAdjusted operating income\n\n\n\n\n\n\n$\n\n\n\n\n\n\n3.4\n\n\n\n\n\n...