GBLI

MKT CAP:$391M

Global Indemnity Group, LLC

Market Cap

$391M

Financial Services·Insurance - Property & Casualty·🇺🇸 United States·NASDAQ

Financials·Insurance·🇺🇸·NASDAQ

Stock Price

$27.37-$1.37 (-4.77%)

Apr 21, 2026

Company Details

Global Indemnity Group, LLC, through its subsidiaries, provides specialty property and casualty insurance and reinsurance products worldwide. It operates through Commercial Specialty; Farm, Ranch, & Stable; and Reinsurance Operations segmen...

CEO

Joseph Warner Brown Jr.

IPO Date

Dec 16, 2003

Website

gbli.com

Key Metrics TTM

Revenue

$450M

+2.0% YoY

Net Income

$25M

EPS (Diluted)

$1.71

Free Cash Flow

$9M

Revenue / Share

$31.36

Gross Margin

49.3%

Operating Margin

7.4%

Net Margin

5.6%

FCF Margin

2.0%

P/S

0.9x

P/E

15.5x

Earnings Reports

Q1 2026

May 6, 2026

PENDING

FY 2025

Mar 10, 2026

$450M+2.0%EPS $1.75

Q4 2025

Mar 10, 2026

$117M+7.6%EPS $0.44

Q3 2025

Oct 31, 2025

$114M+2.2%EPS $0.86

Q2 2025

Aug 6, 2025

$111M+1.7%EPS $0.71

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 22	$130M	-$11M	-$18M
Q2 22	$148M	-$6M	-$13M
Q3 22	$195M	$45M	$31M
Q4 22	$156M	$4M	$2M
Q1 23	$151M	$151M	$0
Q2 23	$142M	$17M	$12M
Q3 23	$126M	$15M	$9M
Q4 23	$109M	$15M	$9M
Q1 24	$112M	$21M	$14M
Q2 24	$109M	$19M	$13M
Q3 24	$112M	$22M	$16M
Q4 24	$108M	$19M	$12M
Q1 25	$109M	$4M	-$5M
Q2 25	$111M	$21M	$13M
Q3 25	$114M	$24M	$16M
Q4 25	$117M	$173M	$9M

Valuation

Quarter	P/S	P/E
Q1 22	0.6x	43.2x
Q2 22	0.6x	—
Q3 22	0.6x	17.8x
Q4 22	0.6x	—
Q1 23	0.6x	23.8x
Q2 23	0.6x	10.3x
Q3 23	0.7x	17.9x
Q4 23	0.7x	15.4x
Q1 24	0.8x	11.4x
Q2 24	0.9x	11.2x
Q3 24	0.9x	9.8x
Q4 24	0.9x	9.1x
Q1 25	0.9x	14.0x
Q2 25	0.9x	13.9x
Q3 25	0.9x	14.0x
Q4 25	0.9x	15.5x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	-$10M	-$28M
Q2 22	$29M	$21M
Q3 22	$21M	$21M
Q4 22	$4M	$4M
Q1 23	$5M	$5M
Q2 23	$9M	$9M
Q3 23	$23M	$23M
Q4 23	$6M	$6M
Q1 24	$23M	$23M
Q2 24	$14M	$14M
Q3 24	$16M	$16M
Q4 24	-$13M	-$13M
Q1 25	$2M	$2M
Q2 25	$7M	$7M
Q3 25	$6M	$6M
Q4 25	-$6M	-$6M

Capital Expenditures

Quarter	CapEx
Q1 22	$18M
Q2 22	$7M
Q3 22	$4
Q4 22	$2
Q1 23	$0
Q2 23	$0
Q3 23	$0
Q4 23	$3
Q1 24	$0
Q2 24	$0
Q3 24	$0
Q4 24	$0
Q1 25	$0
Q2 25	$0
Q3 25	$0
Q4 25	$0

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 22	-17.3%	-2.5%
Q2 22	-10.1%	+2.2%
Q3 22	+16.5%	-7.4%
Q4 22	-17.7%	-3.5%
Q1 23	+15.7%	+1.5%
Q2 23	-4.0%	-19.0%
Q3 23	-35.2%	-28.6%
Q4 23	-29.8%	-34.7%
Q1 24	-25.6%	-35.0%
Q2 24	-23.4%	-26.2%
Q3 24	-11.3%	-17.8%
Q4 24	-0.7%	-4.2%
Q1 25	-3.2%	+16.0%
Q2 25	+1.7%	+1.4%
Q3 25	+2.2%	+2.4%
Q4 25	+7.6%	+11.6%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$860.0K	0.7%
Q2 22	$2M	1.2%
Q3 22	$0	0.0%
Q4 22	$0	0.0%
Q1 23	$1M	0.7%
Q2 23	$1M	0.7%
Q3 23	$989.0K	0.8%
Q4 23	$375.0K	0.3%
Q1 24	$1M	1.2%
Q2 24	$0	0.0%
Q3 24	$0	0.0%
Q4 24	$864.0K	0.8%
Q1 25	$3M	3.2%
Q2 25	$744.0K	0.7%
Q3 25	$980.0K	0.9%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	G&A
Q1 22	$5M
Q2 22	$3M
Q3 22	$5M
Q4 22	$1M
Q1 23	$6M
Q4 24	$13M
Q1 25	$10M
Q2 25	$8M

Revenue by Geography

Quarter

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$158M	$1.1B	$1.3B
Q2 22	$60M	$1.1B	$1.2B
Q3 22	$19M	$1.3B	$1.3B
Q4 22	$39M	$1.2B	$1.3B
Q1 23	$36M	$1.3B	$1.3B
Q2 23	$45M	$829M	$875M
Q3 23	$46M	$985M	$1.0B
Q4 23	$38M	$1.0B	$1.0B
Q1 24	$39M	$966M	$1.0B
Q2 24	$47M	$1.1B	$1.2B
Q3 24	$31M	$1.2B	$1.3B
Q4 24	$17M	$1.2B	$1.2B
Q1 25	$81M	$1.0B	$1.1B
Q2 25	$67M	$1.1B	$1.1B
Q3 25	$75M	$1.0B	$1.1B
Q4 25	$65.5B	$0	$65.5B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 22	15M	+0.5%	-0.9%
Q2 22	15M	+0.2%	-0.9%
Q3 22	15M	+1.7%	+2.4%
Q4 22	15M	-1.4%	+1.0%
Q1 23	14M	-4.5%	-4.0%
Q2 23	14M	-1.6%	-5.7%
Q3 23	14M	+0.8%	-6.6%
Q4 23	14M	-1.8%	-7.0%
Q1 24	14M	+0.9%	-1.7%
Q2 24	14M	-0.1%	-0.2%
Q3 24	14M	+0.9%	-0.1%
Q4 24	14M	-0.1%	+1.6%
Q1 25	14M	+0.6%	+1.3%
Q2 25	14M	+2.1%	+3.5%
Q3 25	14M	+0.4%	+3.1%
Q4 25	14M	+0.9%	+4.1%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 22	$362.4K	360
Q2 22	$410.7K	360
Q3 22	$540.5K	360
Q4 22	$438.4K	355
Q1 23	$425.1K	355
Q2 23	$399.7K	355
Q3 23	$355.1K	355
Q4 23	$410.8K	266
Q1 24	$422.1K	266
Q2 24	$408.6K	266
Q3 24	$420.2K	266
Q4 24	$407.7K	266
Q1 25	$408.5K	266
Q2 25	$415.5K	266
Q3 25	$429.3K	266
Q4 25	$408.1K	286

Revenue / Employee