Global Indemnity Group Reports 19% Rise in Q3 Operating Income

Reuters
Oct 30, 2025
Global Indemnity Group Reports 19% Rise in Q3 Operating Income

Global Indemnity Group LLC reported financial results for the third quarter and first nine months ended September 30, 2025. For the third quarter of 2025, operating income increased by 19% to $15.7 million, or $1.08 per share, compared to $13.2 million, or $0.95 per share, for the same period in 2024. Net income available to common shareholders was $12.4 million, or $0.86 per share, versus $12.7 million, or $0.92 per share, in the third quarter of 2024. Gross written premiums for the third quarter rose to $108.4 million from $99.8 million in the prior year period. Net written premiums increased to $105.5 million from $97.2 million. Investment income reached $17.9 million, up from $16.5 million. Underwriting income for the quarter was $10.0 million compared to $5.8 million in the previous year. Current accident year underwriting income rose 54% to $10.2 million, driven by property loss ratio performance. For the nine months ended September 30, 2025, gross written premiums totaled $313.8 million, up from $294.0 million in 2024. Net written premiums were $305.3 million versus $287.0 million. Investment income for the nine-month period was $47.4 million, compared to $46.3 million. Underwriting income was $5.3 million, down from $14.6 million in the prior year, while current accident year underwriting income was $5.4 million compared to $15.3 million. The company noted the impact of California Wildfires on net losses and loss adjustment expenses during the reporting period.

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