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.