Global Indemnity: 4Q Earnings Snapshot

GEORGE TOWN, Cayman Islands (AP) _ Global Indemnity PLC (GBLI) on Thursday reported fourth-quarter net income of $29 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the George Town, Cayman Islands-based company said it had net income of $2.02. Earnings, adjusted for investment gains, came to 96 cents per share.

The insurance and reinsurance holding company posted revenue of $175.9 million in the period.

For the year, the company reported net income of $70 million, or $4.88 per share, swinging to a profit in the period. Revenue was reported as $604.5 million.

Global Indemnity shares have climbed 8% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $32, a drop of 17% in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GBLI at https://www.zacks.com/ap/GBLI