Global Indemnity Reports Q3 GAAP EPS of $0.61
Global Indemnity Group has released its third-quarter financial results, reporting a GAAP Earnings Per Share (EPS) of $0.61. The company's accident year underwriting income reached $5.6 million, supported by a loss ratio of 53.0% and a combined ratio of 94.8%. Despite these figures, Belmont Core gross written premiums totaled $102.6 million, representing a 5.5% decrease compared to the previous year. The company reported a pretax adjusted operating contribution of $20.1 million and an adjusted Return on Equity (ROE) of 12.8%.
Topics: combined ratio earnings report executive appointment GAAP EPS underwriting income