Global Indemnity (GBLI) Tops Q1 EPS by 36c
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Global Indemnity Group, LLC Reports First Quarter 2022 Results
May 9, 2022 7:30 AM EDTGrowth in Gross Written Premium - An increase of 27.3% in gross written premiums in its Continuing Lines in the 1st quarter of 2022 compared to the corresponding period in 2021. Strong Underwriting Results - The consolidated combined ratio was 95.0% for the 1st quarter of 2022 (Loss Ratio 56.9% and Expense Ratio 38.1%) as compared to 101.2% (Loss Ratio 63.1% and Expense Ratio 38.1%) for the first quarter of 2021. Lower Catastrophes Catastrophe losses of $4.3 million for the 1st quarter of 2022 compared to $16.9 million in the 1st quarter of 2021. Adjusted operating income of $5.4 million compared to adjusted operating income of $2.3 million for the corresponding... More
