WILMINGTON, DE — Global Indemnity Group, LLC (NYSE: GBLI) reported solid third-quarter 2025 financial results, highlighted by a 19% year-over-year increase in operating income and a 54% rise in current accident year underwriting income, signaling continued operational strength and disciplined underwriting performance.
Operating income rose to $15.7 million, or $1.08 per share, compared with $13.2 million, or $0.95 per share, in the same period last year. Net income available to common shareholders totaled $12.4 million, or $0.86 per share, slightly down from $12.7 million, or $0.92 per share, in the third quarter of 2024.
The company’s current accident year combined ratio improved to 90.4% from 93.5% a year earlier, reflecting stronger property loss ratio performance. Gross written premiums increased 9% to $108.4 million, driven by organic growth across key business lines, with wholesale commercial premiums rising 10% and assumed reinsurance premiums up 58% due to new and expanded treaty business.
Net investment income grew 9% to $17.9 million, while the annualized investment return was 4.0%. Book value per share increased to $48.88 at September 30, 2025, up 1.8% from the prior quarter, including dividends of $0.35 per share. Shareholders’ equity rose to $704.1 million from $695.3 million in June.
The quarter also saw continued execution of Global Indemnity’s strategic initiatives. The company acquired Sayata, an AI-driven digital distribution marketplace, and rebranded Penn-America Underwriters, LLC as Katalyx Holdings, which subsequently launched Valyn Re, a new reinsurance managing general agency. AM Best affirmed the company’s A (Excellent) rating for its U.S. insurance subsidiaries in August.
Global Indemnity recently announced the transfer of its Class A common shares to the Nasdaq Global Select Market, where trading under the symbol “GBLI” began on November 4, 2025.
Global Indemnity Group, LLC is a diversified property and casualty insurance holding company offering specialized insurance and reinsurance products through multiple subsidiaries, including Penn-America Insurance Company, United National Insurance Company, and Diamond State Insurance Company — all rated “A” (Excellent) by AM Best.
For the latest news on everything happening in Chester County and the surrounding area, be sure to follow MyChesCo on Google News and MSN.