Global Indemnity Group, LLC Reports Financial Results for the three and nine months ended September 30, 2026
Key Highlights
- ➤Nine-month net income $24.2 million, up from $18.9 million in 2025
- ➤Third-quarter net income $8.9 million, down from $12.5 million
- ➤Nine-month underwriting income $16.9 million, up from $5.4 million
- ➤Third-quarter Belmont Core gross written premiums fell 5.5% to $102.6 million
- ➤Book value per share declined 2.2% to $47.87 at September 30
Expert Statements
Jessica E. Buss, CEO of Global Indemnity
“I joined GBLI as CEO this week. I studied this company closely before accepting the role, and I came in knowing exactly where we stand and what we can become.”
Jessica E. Buss, CEO of Global Indemnity
“Our results for the first nine months ran well ahead of last year. The third quarter came in softer, as we held to our underwriting standards while competitors cut property rates, and we owe our shareholders a plain account of that.”
Jessica E. Buss, CEO of Global Indemnity
“We also owe them a plan.”
Jessica E. Buss, CEO of Global Indemnity
“I am confident that, under my leadership, Katalyx will expand its distribution substantially over the next five years; in my first 48 hours, I set that expansion in motion for 2027.”
Jessica E. Buss, CEO of Global Indemnity
“We will put Kaleidoscope to work for our wholesalers, agents and underwriters, and Belmont will materially improve its operating efficiency.”
Jessica E. Buss, CEO of Global Indemnity
“Yes, the specialty market is softening, but GBLI meets it with 23 years of top-quartile loss ratios, industry-leading capital reserves, no debt, extremely modest operating leverage and long-standing agency relationships.”
Jessica E. Buss, CEO of Global Indemnity
“Many leading E&S wholesalers are now eager to work with Katalyx and its Kaleidoscope technology.”
Jessica E. Buss, CEO of Global Indemnity
“Going forward, we will hold ourselves to one measure: sustained growth in premiums, earnings and book value per share at rates far beyond anything GBLI achieved since its founding.”
Wilmington, Del., Nov. 04, 2026 (GLOBE NEWSWIRE) -- Global Indemnity Group, LLC (Nasdaq: GBLI) (the "Company") today reported financial results for the three and nine months ended September 30, 2026.
For the three months ended September 30, 2026, net income was $8.9 million, or $0.61 per share, compared to $12.5 million, or $0.86 per share, in 2025. Current accident year underwriting income was $5.6 million, with a loss ratio of 53.0% and a current accident year combined ratio of 94.8%. Belmont Core gross written premiums of $102.6 million were 5.5% lower than 2025. Pretax Adjusted Operating Contribution was $20.1 million and Adjusted Return on Equity was 12.8%.
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