Global Indemnity Group Q3 Earnings Fall
(RTTNews) - Property and casualty insurer Global Indemnity Group, LLC (GBLI) on Wednesday reported lower earnings and revenue for the third quarter, on lower written and earned premiums.
Quarterly earnings decreased to $7.6 million or $0.55 per share from $23.64 million or $1.60 per share for the same period last year.
Total revenue declined to $126.06 million from $194.59 million in the prior year.
Net written premiums fell to $95.62 million from $142.84 million in the previous year.
Net earned premiums dropped to $111.7 million from $153.64 million of last year.
On Tuesday, Global Indemnity shares closed at $34.96 down 0.07% on the New York Stock Exchange.
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