WILMINGTON, DE — Global Indemnity Group, LLC (NYSE: GBLI) delivered a solid second-quarter performance, reporting a 61% year-over-year increase in underwriting income and steady gains in premiums across multiple business lines.
Net income available to common shareholders was $10.2 million, or $0.71 per share, compared to $10.0 million, or $0.73 per share, in the same quarter last year. Book value per share rose 1.8% to $48.35 from $47.85 at the end of the first quarter, inclusive of a $0.35 per share dividend.
Current accident year underwriting income climbed to $5.6 million from $3.5 million a year earlier, while the current accident year combined ratio improved to 94.6% from 96.7%. Gross written premiums increased 6% to $106.8 million, and excluding terminated products, premiums rose 18% to $109.9 million.
Growth was broad-based: Vacant Express and Collectibles premiums rose 20% to $16.6 million, Wholesale Commercial climbed 8% to $69.1 million, and Assumed Reinsurance surged 86% to $12.0 million on the back of new treaties launched in 2024 and 2025.
Investment performance remained stable, with an annualized return of 4.9%. Net investment income totaled $14.7 million, compared with $15.3 million last year, while income from the fixed maturities portfolio rose 2% to $15.3 million. The book yield on fixed maturities improved slightly to 4.54% from 4.49% in the prior quarter.
Shareholders’ equity ended the quarter at $695.3 million, up from $687.1 million at March 31, 2025.
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