Global Indemnity Q2 net income rises on premium growth

Global Indemnity LLC

05/08/2026 13:10

Overview
U.S. property and casualty insurer's Q2 net income grew 8% yr/yr, driven by lower loss ratio
Belmont Core gross written premiums rose 7% for the quarter
Q2 combined ratio improved to 94.7%

Outlook
Company did not provide specific guidance for upcoming quarters or the full year

Result Drivers
UNDERWRITING PERFORMANCE - Lower loss ratio of 53.8% contributed to improved combined ratio and higher net income
PREMIUM GROWTH - Belmont Core gross written premiums rose 7% in Q2, with growth in Vacant Express, Collectibles, and Assumed Reinsurance segments
SEGMENT MIX - Specialty Products premiums declined due to runoff of terminated business, partially offsetting overall premium growth

Company press release: ID:nGNX9ZJz7b

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Net Income
 
$11.10 mln
 
Q2 Combined Ratio
 
94.70%
 

Analyst Coverage
The one available analyst rating on the shares is "hold"
The average consensus recommendation for the property & casualty insurance peer group is "buy."
Wall Street's median 12-month price target for Global Indemnity Group LLC is $34.12, about 25.4% above its August 4 closing price of $27.22
The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 10 three months ago

Reuters Recommended Reads
Aug 4 - Mercury General Q2 net income rises, combined ratio improves
Aug 3 - United Fire Group Q2 net income rises 45%, premiums up
Aug 4 - Palomar Q2 adjusted EPS and net income beat estimates, premiums up 27%

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)